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Search Result for “losses”

Showing 1 - 7 of 7

THAILAND

iCon boss cries as he learns of devastated investors' deaths

Online Reporters, Published on 14/10/2024

» The iCon Group founder and CEO Warathaphon Waratyaworrakul cried and promised full compensation while facing relatives of investing partners who lost their money and died after his company's products failed to sell.

THAILAND

Another actor distances himself from The iCon Group

Wassayos Ngamkham, Published on 14/10/2024

» Actor Pakorn “Boy” Chatborirak has met police and told reporters he had terminated his presenter contract with The iCon Group, a direct sales company accused of massive fraud, and was among the damaged parties.

BUSINESS

Thai businesses are concerned about effect on oil prices, shipping costs and the local currency

Business, Post Reporters, Published on 14/10/2024

» Amidst a stagnant domestic economy, geopolitical tensions in the Middle East are regarded as a crucial factor that could greatly impact the Thai private sector as the war between Israel and Hamas drags on for over a year with no end in sight.

THAILAND

New cap for private hospital claims

News, Onnucha Hutasingh, Published on 14/10/2024

» The Social Security Office (SSO) will have to reimburse hospitals contracted to provide healthcare under the social security system a fixed rate of 12,000 baht per patient per year in case of high-cost treatments, the government says.

THAILAND

Locals repair and prepare after deluge

News, Apinya Wipatayotin, Published on 14/10/2024

» Residents in several flood-ravaged areas of Lamphun's Muang district are grappling not only with slowly receding floodwater but also foul smelling contaminated water.

THAILAND

iCon saga picks up steam

Published on 14/10/2024

» Two-hundred and forty more people filed complaints against The iCon Group Co, the company at the centre of a fraud scandal which has caused over 250 million baht in alleged losses, bringing the total number of complainants to 740.

OPINION

Scams know no limits

News, Editorial, Published on 14/10/2024

» For decades, Thailand has been plagued by financial scams, often in the form of Ponzi schemes, leaving countless citizens financially devastated. The evolving sophistication of these scams, driven by advances in digital communication and legal loopholes, continues to outwit all consumer protection enforcers.