Showing 1 - 10 of 27
Vorapak unfazed by loan scandal barbs
News, Aekarach Sattaburuth, Published on 01/10/2025
» A Pheu Thai MP has questioned the government's decision to appoint Vorapak Tanyawong as deputy finance minister, citing corruption charges filed against him by the National Anti-Corruption Commission (NACC) in relation to the Energy Earth loan scandal.
DSI urged to probe 'dodgy' funeral fund
News, Post Reporters, Published on 30/05/2025
» More than 100 Maha Sarakham residents have complained to the Department of Special Investigation (DSI), calling for a probe into the Wapi Pathum Funeral Welfare Association and the Wapi Pathum Welfare Fund, claiming the organisations had defaulted on funeral payouts totalling 1.4 billion baht.
Soft or hard landing for Thai economy?
News, Chartchai Parasuk, Published on 08/02/2024
» Personally, I am sure the Thai economy will crash this year. I can even estimate the time when the crash will start. It is likely to be the month of May as several big economic bombs will explode that month. Confirmation of this belief came in December 2023's economic data. The most disturbing part is industry's capacity utilisation rate of 56.2% (seasonally adjusted), which is the second lowest in the world. The world's lowest is Nigeria!
Student Loan Fund bad debts total B100bn
News, Onnucha Hutasingh, Published on 21/01/2024
» The Student Loan Fund (SLF) has bad debts that have reached 100 billion baht, but new measures under the amended Student Loan Fund Act of 2023 are hoped to encourage borrowers to repay their debts.
3.2% GDP growth 'pie in the sky'
News, Chartchai Parasuk, Published on 11/01/2024
» This year must be my lucky year. One of the key points of this article is to underline the risk of financial crisis compared to 1997. But this time it would not come from bank failures, it would come from defaults on corporate bonds and commercial papers. The reasons are the low cash position of corporates from many years of weak economic performance and, most importantly, today's super-tight domestic liquidity to refinance matured bonds and papers. I am a little wary that readers may scorn such a bold opinion. However, out of the blue, my opinion was proven correct on Monday when Italian-Thai Development (ITD) announced the postponement of payments on its bonds due in 2024 to 2026 with a total value of 14.45 billion baht for two years.
3 cops face probe over 30k bribe
News, Wassayos Ngamkham, Published on 19/12/2023
» Three policemen have been moved to inactive posts pending an investigation into their alleged extortion of 30,000 baht from a motorist who was behind in his car payments and using fake licence plates.
Debt crisis looms as politicians fiddle
News, Chartchai Parasuk, Published on 29/06/2023
» While politicians are fighting for power to rule this country, the economy may unknowingly be entering a debt crisis. There was a piece of news a couple of weeks ago which passed without much notice amid sizzling political stories. It was news of the automobile loan default problem.
'Political vacuum' sparks jitters
News, Post Reporters, Published on 14/06/2023
» The private sector has expressed concern that any delay in the formation of a new government may have an adverse impact on the economy.
Crisis beckons
News, Postbag, Published on 02/04/2023
» Re: "World faces prospect of financial tumult", (Opinion, March 23, by Chartchai Parasuk).
Draft law widens loan eligibility
News, Post Reporters, Published on 30/06/2022
» Government-sponsored student loans will be extended to ethnic minorities and stateless people born in Thailand under a law being drafted, according to a House committee.