Anuwat Ngamprasertkul, National TViasadmin

MEDIA: all you need to know before agreeing to become a creditor

In an economic downturn, one thing lots of people may have to face is borrowing money from friends or acquaintances. The loan may be interest-free, without collateral, or even without any loan documents. Because personal relationships can make it difficult to discuss these matters, the creditor may end up being the one who suffers instead if the debt is defaulted.

In this episode of the popular evening TV programme Home Economy hosted by veteran news anchor, reporter and journalist Dr Wit Sittivaekin, IAS Advisory co-founder Mr Anuwat Ngamprasertkul shares everything you need to know before agreeing to become a creditor, including all the do’s and don’ts and should’s and shouldn’ts.

This episode premiered on Tuesday 10th September 2024 on Thai PBS, Thailand’s public broadcasting service. Disclaimer: all content is owned by Thai PBS. Visit the Thai PBS website here: https://www.thaipbs.or.th/home

Anuwat Ngamprasertkul, National TViasadmin

MEDIA: Thailand to repeal law imposing criminal liability for bad cheques

Until recently, issuing a cheque without sufficient funds was a criminal offence in Thailand, and people convicted of using a bad cheque faced possible jail time. But the Thai Cabinet has now approved a bill decriminalising “bounced” cheques under most circumstances, so that people are not faced with imprisonment simply because of defaulting on debt repayment.

Reservations about repealing the law have been expressed, however, due to the significant damages bad cheques cause to creditors in terms of time and resources and the lengthy civil proceedings that are required to recover payments. Others argue that criminal liability should be retained not just for the most serious offences, but if it can be proved that a debtor has issued a cheque dishonestly without the intention to pay.

Join the discussion with IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul in an episode of the popular evening TV programme Home Economy, hosted by veteran news anchor, reporter and journalist Dr Wit Sittivaekin

This episode premiered on Tuesday 2nd January 2024 on Thai PBS, Thailand’s public broadcasting service. Disclaimer: all content is owned by Thai PBS. Visit the Thai PBS website here: https://www.thaipbs.or.th/home