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BAM Launches TDR Factory Model to Enhance Debt Management

Bangkok: BAM is advancing the construction of a debt resolution factory (TDR Factory) to aid in debt restructuring, collaborating with partners to set up an FA Center aimed at assisting debtors and reintegrating them into the economic system. The initiative underscores BAM’s role as a “monkey cheek,” functioning as a Recycling Machine to manage 100 billion baht of bad debt

Chanchai and Group Submit Additional Evidence in 14th Floor Case

Bangkok: “Chanchai” and his group have taken significant steps in the ongoing 14th floor case by submitting additional evidence. This development comes as Pol. Gen. Sereepisuth Temiyawes, leader of the Seri Ruam Thai Party, maintains his belief that Thaksin Shinawatra will not attend the court’s investigation scheduled for June 13. According to Thai News Agency, Mr. Chanchai Issarasenarak, a former

Thai Stocks Close Slightly Higher Amid Positive Trading

Bangkok: Thai stocks closed up 3.27 points today. The Stock Exchange of Thailand ended the trading session at 1,164.01 points, marking an increase of 3.27 points or 0.28%, with a trading value amounting to 34,788.54 million baht. According to Thai News Agency, the index remained in positive territory throughout the trading day, fluctuating and reaching a high of 1,178.24 points,

DSI Busts International Scam Syndicate in Bangkok, Unveiling Massive Fraud

Bangkok: DSI launched Operation ShadowBay, a shadow network, to arrest an international scam gang in the middle of the capital who tricked people into buying fake products and services, causing damages worth over 800 million baht. DSI officers went to the area to launch Operation ShadowBay, a shadow network, to raid and arrest an international scam gang in the area

PEA Issues Safety Guidelines for Electricity Use Amid Flooding Concerns

Bangkok: The Provincial Electricity Authority (PEA) has issued a set of recommendations for the public regarding the safe use of electricity during instances of flooding or standing water. The guidelines emphasize the importance of monitoring weather news and warnings from government and related agencies to stay prepared for potential flooding. According to Thai News Agency, PEA advises that before floodwaters

Chaiyaphon Calls for Army Budget Overhaul to Boost Efficiency and Support Thai Entrepreneurs

Bangkok: Mr. Chaiyaphon Saton, a Member of Parliament from Bangkok representing the Prachachon Party, has raised concerns over the current allocation and management of the defense budget, urging the Thai military to cease withholding funds and to adopt a more strategic approach in managing resources. He emphasized the necessity for the military to enhance its operational efficiency and transparency to

FTI Highlights Legal Loopholes Fueling Proliferation of Zero-Dollar Factories in Thailand

Bangkok: The FTI points out loopholes in Thai law that allow zero-dollar factories to spread severely, causing severe negative impacts on the industrial sector. It is proposing stricter licensing and cracking down on nominees. According to Thai News Agency, Mom Luang Pikthong Thongyai, Vice Chairman of the Federation of Thai Industries (FTI), revealed the results of the 45th FTI CEO

Arrest Warrants Issued for Couple Linked to Former Abbot of Wat Rai Khing

Sam Phran: Arrested! Two husband and wife, close associates of the former abbot of Wat Rai Khing, who were in control of the accounts for the annual fair auction and welfare shops, after the Central Criminal Court for Corruption and Misconduct issued arrest warrants. According to Thai News Agency, officers from the Crime Suppression Division 5, joined forces to arrest