"debt"

Distressed cryptocurrency firm Zipmex has been granted a three-month debt moratorium for all its entities by a Singapore court.

The overall economic outlook for Thailand this year remains positive, but inflation, global tensions, increasing interest rates and debt continue to pose a threat to the country's growth, the National Economic and Social Development Council (NESDC) has said.

Zipmex Thailand CEO and co-founder Akalarp Yimwilai said on Monday that Zipmex Global has not filed for bankruptcy in Singapore, as earlier reported and widely shared on social media.

Passengers using the BTS Green Line extensions will have to start paying fares from next month, the Bangkok governor said on Sunday.

The Cabinet on Monday approved a proposal for cash-strapped public bus operator Bangkok Mass Transit Authority (BMTA) to borrow 7.516 billion baht.

The Bank of Thailand (BOT) reported that household debt in the first quarter of 2022 rose to 14.64 trillion baht, up by 80.076 billion baht from the fourth quarter of 2021.

Thailand is in a worrisome financial situation due to high public debt created by the government and its mistaken economic projects, a member of the opposition Pheu Thai Party warned on Sunday.

The Thai Hotels Association (THA) will call on the government to have Moscow prod Russian tour firms into paying back the 625 million baht they owe to 125 Thai hotels, a THA source said.

Though first-quarter GDP growth beat expectations, Thailand’s economy faces uncertainty and needs more government support amid spiralling public debt, the National Economic and Social Development Council (NESDC) warned on Tuesday.

The government still has room to borrow another THB1.3 trillion before it reaches the 70 per cent ceiling of public debt as a ratio of gross domestic product, a source from the Finance Ministry said.

The Finance Ministry on Tuesday denied it is hiding a public debt worth 1 trillion baht, saying this amount was used as advance payments for subsidy programmes under the Fiscal Disciplines Act.

BTS Skytrain operator Bangkok Mass Transit System (BTSC) said it will sue Bangkok Metropolitan Administration (BMA) for a debt of nearly 38 billion baht it owes in operating and installation fees.