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THAILAND LIVE Thailand Live Tuesday 26 August 2025
Buy Now Pay Later Trend Alarms Thai Economic Planners File photo courtesy of Wikipedia The Thai government's planning unit raises the alarm as the 'buy now, pay later' (BNPL) trend, initially popular in online shopping, spirals into daily essentials like food and fuel, pushing household debt to worrying levels. Full story: https://aseannow.com/topic/1370960-buy-now-pay-later-trend-alarms-thai-economic-planners/ -
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Economy Buy Now Pay Later Trend Alarms Thai Economic Planners
File photo courtesy of Wikipedia The Thai government's planning unit raises the alarm as the 'buy now, pay later' (BNPL) trend, initially popular in online shopping, spirals into daily essentials like food and fuel, pushing household debt to worrying levels. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), highlighted the expanded reach of BNPL schemes into restaurant meals and fuel purchases, flagging this as a potential crisis point. He stressed that such essentials should be paid upfront and warned that failure to curb this trend could further burden household finances. He identified four key issues with online lending that fuel household debt: indiscriminate loan approvals without assessing existing debt, vague conditions lacking strict requirements, excessively high credit limits, and loans used beyond intended platforms, such as funding meals, travel, and entertainment. In early 2025, Thailand's household debt was 16.3 trillion baht, with a slight dip in the debt-to-GDP ratio, now at 87.4%. While non-performing loans (NPLs) decreased to 1.19 trillion baht, marking an 8.78% share of total loans, auto loans and credit card debts saw a rise. Special mention loans (SMs)—short-term overdue debts — slightly increased, indicating ongoing financial stress despite reduced new lending. Employment conditions are also shifting. A private sector survey revealed that 25% of Thai firms plan to downsize or restructure their workforce, moving towards flexible employment models. Permanent part-time roles have surged from 6% to 42%, and contractual positions from 4% to 28% between 2022 and 2024, as companies grapple with 2025's economic uncertainties. The second quarter of 2025 saw a minor rise in employment, with a workforce of 39.5 million, and the unemployment rate marginally improving to 0.91%. However, the NESDC's report on Thai entrepreneurs highlights concerns about foreign competition, especially in hospitality, alleging aggressive tactics by foreign investors and resultant business vulnerabilities, reported the Bangkok Post. The growing BNPL trend and evolving employment landscape present significant economic challenges for Thailand. The NESDC's insights underline the pressing need for strategic measures to manage household debt and adapt to shifting employment dynamics. Adapted by ASEAN Now from Bangkok Post 2025-08-26 -
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THAILAND LIVE Thailand Live Tuesday 26 August 2025
Actress Gets 2 Months Suspended Sentence for Drink-Driving Picture courtesy of Amarin. Actress Marie Berenner, 33, has been sentenced to two months’ imprisonment and fined 4,000 baht for drink-driving. The sentence has been suspended for two years. Her driving licence has also been suspended for six months. Her male companion received a one-month sentence suspended for one year and a 10,000-baht fine. Full story:https://aseannow.com/topic/1370959-actress-gets-2-months-suspended-sentence-for-drink-driving/ -
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Crime Actress Gets 2 Months Suspended Sentence for Drink-Driving
Picture courtesy of Amarin. Actress Marie Berenner, 33, has been sentenced to two months’ imprisonment and fined 4,000 baht for drink-driving. The sentence has been suspended for two years. Her driving licence has also been suspended for six months. Her male companion received a one-month sentence suspended for one year and a 10,000-baht fine. The case follows an incident at a police checkpoint in Wang Thonglang District, where Berenner refused to undergo a breathalyser test while driving her luxury car. Her male companion reportedly obstructed police officers during the stop, with video footage later emerging of the incident. Both were summoned to Wang Thonglang Police Station and subsequently charged at the Phra Nakhon Nuea District Court. According to court proceedings, both Berenner and her companion pleaded guilty. The court found Berenner guilty of resisting a lawful order and drink-driving. She was fined 1,000 baht for resisting police orders and sentenced to two months’ imprisonment for drink-driving, with the sentence suspended for two years. She must report to authorities three times, complete 12 hours of community service and serve one year of probation. Her male companion was convicted of insulting and obstructing officers in the performance of their duties. He was sentenced to one month in prison, with the term suspended for one year and fined 10,000 baht. The incident drew media attention outside the court, where Berenner and her companion left the courthouse quickly. The court’s decision marks the conclusion of legal proceedings in this case. Related article: https://aseannow.com/topic/1370834-thai-german-actress-arrested-after-alcohol-test-refusal/ Adapted by Asean Now from Amarin 2025-08-26 -
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Canada Surrenders
Big deal! I buy Apple products and could care less if they are a friend of Trump or made wherever. Because I can. 😌 -
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THAILAND LIVE Thailand Live Tuesday 26 August 2025
Thailand Buys 4 New Gripen Jets in Deal with Sweden Gripen E. Picture courtesy of Wikipedia In a strategic move set to boost its aerial capabilities, Thailand has secured a deal with Sweden for four state-of-the-art Gripen fighter jets from Saab. Full story: https://aseannow.com/topic/1370958-thailand-buys-4-new-gripen-jets-in-deal-with-sweden/
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