Prawit allows opening of more pawnshops in deep South

[rooster59]

Prawit allows opening of more pawnshops in deep South

By The Nation

 

Deputy Prime Minister Prawit Wongsuwan has approved the opening of more pawnshops in the southern border provinces as a source of emergency funds for the poor, the southern Army chief said.

 

Fourth Army Area Commander Lt-General Piyawat Nakwanit said Prawit hoped the pawnshops would help local people deal with urgent financial needs.

 

Prawit, who is also the defence minister, believed some of the violent incidents were a result of the dire financial situation of some locals, who were enticed to cause disturbance in society in return for money for emergency needs such as school expenses when new semesters started, Piyawat said.

 

Currently, there are government pawnshops only in Pattani province’s Sungai Kolok district and in Yala downtown, the southern Army chief added.

 

He said the Interior Ministry is now in the process of making it easier to open pawnshops in the deep South, as compared to the long current process.

 

He said pawnshops in the deep South would be supervised by provincial committees headed by the provincial governors and the private sector would be allowed to invest. However, pawnshops in the deep South would collect fees instead of interest, as collecting interest would be against Islamic teachings.

 

Source: http://www.nationmultimedia.com/detail/national/30335097

 

 

-- © Copyright The Nation 2017-12-30

[colinneil]

Prawit allows more pawn shops!!!!

making sure he has somewhere to get rid of some of his watches.

[jollyhangmon]

2 hours ago, colinneil said:

Prawit allows more pawn shops!!!!

making sure he has somewhere to get rid of some of his watches.

 

Yep, either that or because that's where he gets all his hideous bling in the first place ...  

[lemonjelly]

Sad response to economic hardship faced by the southern people due to a collapse in the price of latex.


Sent from my iPhone using Thaivisa Connect

[Sydebolle]

It says quite a lot if it takes no-one else but the Deputy Prime Minister of a country to rule over the number of pawn shops .........

[Srikcir]

6 hours ago, rooster59 said:

pawnshops in the deep South would collect fees instead of interest

Not a big deal. This is called the Ar Rahn model and currently being used in Muslim countries such as Malaysia and UAE.

6 hours ago, rooster59 said:

pawnshops in the deep South would be supervised by provincial committees headed by the provincial governors

Seems the additional pawn shops will also be government supervised, no private-owned pawn shops. Says "the private sector would be allowed to invest" but doesn't add "own." This could also beg the question as to why only government pawn shops - not true elsewhere in Thailand? It smacks subordination of Muslims to a Buddhist nonsecular government.

[BigBadGeordie]

This OP offers so much, however, I dont want to start the new year with a ban. 

 

So, err, well, err, interesting, err, noted.

[Happyman58]

I got a better idea Building sites in Thailand are full of migrant workers from Laos, Cambodia why not run a campaign telling men  down that way there is work on building sites and encourage them to seek work there I know when i was young i traveled where the work was not just sit around and wait for it to come to me You can only pawn off so much unless u want to pawn off you wife also? Oops did i mention that dirty four letter word that Thais Hate WORK

[Darcula]

If only Prawit shared this brainwave with the rest of the world a few years earlier, OBL could have pawned a couple of his goats and 911 would have been avoided.

[Ulic]

Really not sure how this will help the poor but OK. Problem solved I guess. 

[faraday]

Maybe times is hard & he wants to pawn his watch...

[MyFriend You]

so they can pawn all those excess pistols now the coppers have new ones.  and maybe buy a coupke of high end watches for him.