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Search Result for “pyramid scheme”

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THAILAND

Actress 'Nana’, rapper husband indicted in B100m fraud case

Online Reporters, Published on 23/02/2026

» Prosecutors have laid charges against actress Rybena “Nana” Intachai, her rapper husband Prinya "Way Thaitanium” and two firms in a fraudulent borrowing and document forgery case allegedly involving more than 100 million baht.

BUSINESS

Using credit scores to gauge interest

Business, Published on 23/02/2026

» For decades, Thai banks have relied on borrowers' monthly income to decide how much interest they should pay on personal loans. Now an individual's credit score can help determine interest rates, a shift that could reshape how consumers borrow and how banks manage risk.

OPINION

When voters look beyond credentials

Oped, Anucha Charoenpo, Published on 20/02/2026

» Many observers of Thai politics may be wondering why the following individual of such distinguished standing failed to secure a seat in parliament in the Feb 8 election. He holds the title of professor and earned a doctoral degree in engineering from the Massachusetts Institute of Technology, one of the world's most renowned universities. He previously contested the 2022 Bangkok gubernatorial election, securing more than 250,000 votes. He has also achieved notable academic success and served as president of King Mongkut's Institute of Technology, Ladkrabang. With credentials such as these, his electoral defeat has come as a surprise to many.

THAILAND

Police cuff fraudster

News, Published on 20/02/2026

» An infamous cryptocurrency scammer from China behind a fraudulent trading platform which caused losses equivalent to four billion baht was arrested in Samut Prakan on Wednesday.

THAILAND

Two celebrity ‘bosses’ of iCon Group indicted

Online Reporters, Published on 19/02/2026

» The Attorney General has indicted celebrities Yuranunt “Sam” Pamornmontri and Pechaya “Min” Wattanamontree on charges of fraud and running a pyramid scheme in connection with the iCon Group scandal, saying their actions as “bosses” clearly indicated a position beyond mere presenters.

WORLD

Germany losing enthusiasm for European fighter jet plan

AFP, Published on 18/02/2026

» BERLIN - Germany does not need the same new fighter jets as France, Chancellor Friedrich Merz said Wednesday, signalling that Berlin could abandon a flagship joint defence project for Europe.

LEARNING

'Buy property, get visa' plan upsets Phuket tourism operators

Gary Boyle, Published on 18/02/2026

» Phuket tourism operators oppose the government's policy allowing foreigners who buy real estate worth 3 million baht to qualify for a long‑stay visa, arguing the investment threshold is too low and could attract "non‑quality" visitors as well as risking an increase in property prices.

BUSINESS

Tourism's 2-speed economy

Business, Narumon Kasemsuk, Published on 18/02/2026

» Tourism is a key industry for Thailand, but over the past decade it has faced a critical challenge: income disparity, with a sharp divide between a handful of major destinations and second-tier locations.

BUSINESS

Phuket up in arms on long‑stay visa

Business, Molpasorn Shoowong, Published on 18/02/2026

» Phuket tourism operators oppose the government's policy allowing foreigners who buy real estate worth 3 million baht to qualify for a long‑stay visa, arguing the investment threshold is too low and could attract "non‑quality" visitors who may engage in illegal activities, as well as risking an increase in property prices, making housing less affordable for local residents.

BUSINESS

Council sees tourism as key driver of GDP

Business, Molpasorn Shoowong, Published on 17/02/2026

» The Tourism Council of Thailand (TCT) expects the tourism industry to be a major driver of GDP growth this year as flights and arrivals continue to rebound, though rising untaxed online travel agents and illegal foreign operators continue to limit the full benefits of the rebound.