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Search Result for “informal debt”

Showing 1 - 10 of 405

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GENERAL

Thai household debt surges to four-year high

Phusadee Arunmas, Published on 25/09/2025

» Average household debt in Thailand has surged by 22% from a year ago to reach a four-year high of 740,596 baht, according to a survey by the University of the Thai Chamber of Commerce (UTCC).

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GENERAL

Team to probe money flows linked to baht

Published on 22/09/2025

» A special team has been established to investigate money flows potentially linked to baht movements, with operations set to begin immediately after the new government is sworn in.

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GENERAL

Thai Credit Guarantee Corporation expands scope of credit services

Business, Wichit Chantanusornsiri, Published on 12/09/2025

» The Thai Credit Guarantee Corporation (TCG) can now offer its guarantees to entrepreneurs seeking loans from non-bank lenders that are not subsidiaries of financial institutions, covering auto leasing loans.

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GENERAL

Fears over sovereign rating revision

Business, Somruedi Banchongduang, Published on 05/09/2025

» Bankers are increasingly concerned about a potential downgrade of the country's sovereign credit rating in the near future due to weakening tax revenues and rising public debt.

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GENERAL

Buy now, bankrupt later

Business, Post Reporters, Published on 01/09/2025

» Buy now, pay later (BNPL) services have swiftly risen in popularity in Thailand, riding the wave of e-commerce expansion and the appeal of flexible payment options that let consumers purchase now and settle later in instalments.

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GENERAL

Structural reforms key to solving debt, say bankers

Business, Somruedi Banchongduang, Published on 27/08/2025

» Thailand needs to make a transition from debt-relief measures to structural reforms to address the country’s household debt problem in the long term, says Payong Srivanich, chairman of the Thai Bankers’ Association.

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GENERAL

Taking the sting out of AI

Business, Post Reporters, Published on 25/08/2025

» While some industry leaders view artificial intelligence (AI) as reducing Thai white-collar jobs, others say the technology augments jobs, enhancing creativity as those ready to learn new things should thrive.

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OPINION

1% GDP growth impacts will be severe

Oped, Chartchai Parasuk, Published on 21/08/2025

» Where did I get the idea that GDP growth in the second half of 2025 would only be 1.0%? The answer is the government, as the National Economic and Social Development Council (NESDC) told me so.

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GENERAL

Flat-rate interest for leasing on the way out

Wichit Chantanusornsiri, Published on 20/08/2025

» The use of flat-rate interest calculation in the vehicle leasing business should be scrapped in the interest of fairness to borrowers, according to a government committee tasked with addressing household debt.

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THAILAND

Loan shark arrested for charging 3,400% annual interest

Online Reporters, Published on 17/08/2025

» A 37-year-old recently-released inmate has been arrested for running illegal money lending services with annual interest rates as high as 3,400%, Economic Crime Suppression Division (ECD) officers said on Sunday.