Private city bus operators want government to waive their 400 million baht debt

[webfact]

Private city bus operators want government to waive their 400 million baht debt

 

 

BANGKOK: -- Seventy-five private bus operators providing bus service in Bangkok under the supervision of the Bangkok Mass Transit Authority have asked the government to waive their 400 million baht debt owed to the state.

 

Mrs Pattharavadi Klomcharoon, chair of the city bus operators association, blamed the debt incurred by bus operators on confusion of the government’s policy regarding the private bus operators.

 

Operations of the private bus operators are to be overhauled and their operating licenses to be suspended after the cabinet decided to transfer the responsibility to supervise their operations from BMTA to the Land Transport Department.

 

The 75 bus operators were given a briefing about the changes which are to take place from the switch of supervisory responsibility from BMTA to Land Transport Department.

 

Full story: http://englishnews.thaipbs.or.th/private-city-bus-operators-want-government-waive-400-million-baht-debt/

 

-- © Copyright Thai PBS 2016-10-06

[smedly]

that is like a taxi driver asking the government to pay for the vehicle lol

 

why should the tax payer invest in a private business were they will see absolutely nothing in return

 

why should the tax payer give money to these people when it is obvious they either have no idea how to run a business or have simply creamed off the profits and made no attempt to pay off the debt or both 

 

you gotta wonder sometimes just how these people thjnk 

[NongKhaiKid]

2 hours ago, smedly said:

that is like a taxi driver asking the government to pay for the vehicle lol

 

why should the tax payer invest in a private business were they will see absolutely nothing in return

 

why should the tax payer give money to these people when it is obvious they either have no idea how to run a business or have simply creamed off the profits and made no attempt to pay off the debt or both 

 

you gotta wonder sometimes just how these people thjnk 

Isn't this indicative of how many Thais view debt, they don't seem to worry just trusting someone will bail them out and expect it to be done ?

It doesn't matter it it's commercial companies or individuals the attitude is just the same.

I've been lucky as the amounts I've never been repaid were minor and the recipient,  a relative of my landlady, knows better than to ask now, The first time i mentioned repayment she was shocked saying she didn't realize she was expected to return the money as she thought I was just ' helping ' her . Mind you it still didn't make her offer to re-pay far less do it.

 

On the other hand I know some who have really lost out usually with loans to the family of wife or gf and encountered extreme hostility when they dared to mention the money being returned.

[trogers]

2 hours ago, smedly said:

that is like a taxi driver asking the government to pay for the vehicle lol

 

why should the tax payer invest in a private business were they will see absolutely nothing in return

 

why should the tax payer give money to these people when it is obvious they either have no idea how to run a business or have simply creamed off the profits and made no attempt to pay off the debt or both 

 

you gotta wonder sometimes just how these people thjnk 

 

Thais love Thais... That's the thinking...

[edwinchester]

I went to my bank in the past asking them to waive my mortgage repayments.

I was confused and shocked to discover that there was actually a requirement to repay my debt.

[PatOngo]

Bus companies, rubber farmers, teachers asking for bailouts from debt.........I always thought the masses subsidized the "government"!

[Wiggy]

I think the Thai word for 'borrow' is interpreted as 'give'.

[whatproblem]

4 hours ago, smedly said:

that is like a taxi driver asking the government to pay for the vehicle lol

 

why should the tax payer invest in a private business were they will see absolutely nothing in return

 

why should the tax payer give money to these people when it is obvious they either have no idea how to run a business or have simply creamed off the profits and made no attempt to pay off the debt or both 

 

you gotta wonder sometimes just how these people thjnk 

But they would probably get what they want/pay for

[adhd]

Lend in English means GIFT in thai :)

 

end of confusion

[mercman24]

"lend me money i pay you back" should read GIVE me MONEY  you MUG .bye bye

[KKr]

how to open a bus operating company ?

Sounds like good business to me ;-)

[HoboKay]

It starts at the family level, expectations of getting bailed out of any troubles seems the norm. Hardly surprising to see it manifest in businesses.

[worgeordie]

Put a bit pressure on the Government,and they might

get it,like the Rice farmers,Shrimp farms,Rubber tappers,

Tapioca growers,and there must be others i cannot think of. 

regards worgeordie

[baboon]

5 hours ago, NongKhaiKid said:

Isn't this indicative of how many Thais view debt, they don't seem to worry just trusting someone will bail them out and expect it to be done ?

It doesn't matter it it's commercial companies or individuals the attitude is just the same.

I've been lucky as the amounts I've never been repaid were minor and the recipient,  a relative of my landlady, knows better than to ask now, The first time i mentioned repayment she was shocked saying she didn't realize she was expected to return the money as she thought I was just ' helping ' her . Mind you it still didn't make her offer to re-pay far less do it.

 

On the other hand I know some who have really lost out usually with loans to the family of wife or gf and encountered extreme hostility when they dared to mention the money being returned.

(Sigh) Ain't that the truth...?

[BlindMagician]

Confusion...no

How much of that has leaked out in brown envelopes?

Nice long con.

[billd766]

I think that the debt should be waived and that the governor of Bangkok and ALL the members of the board of the BMTA should pat it from their own pockets and from the goodness of their hearts.

[Srikcir]

Operators should follow the rubber and rice farmers. Threaten public protests and Prayut will offer soft loans, fuel subsidies and cash payments.

[theguyfromanotherforum]

8 hours ago, NongKhaiKid said:

 

I've been lucky as the amounts I've never been repaid were minor

 

Explain how you were lucky.

[NongKhaiKid]

Just now, theguyfromanotherforum said:

 

Explain how you were lucky.

You can't work it out ?

[Artisi]

10 hours ago, smedly said:

that is like a taxi driver asking the government to pay for the vehicle lol

 

why should the tax payer invest in a private business were they will see absolutely nothing in return

 

why should the tax payer give money to these people when it is obvious they either have no idea how to run a business or have simply creamed off the profits and made no attempt to pay off the debt or both 

 

you gotta wonder sometimes just how these people thjnk 

How do they think - money, how can I make more?

[Artisi]

7 hours ago, edwinchester said:

I went to my bank in the past asking them to waive my mortgage repayments.

I was confused and shocked to discover that there was actually a requirement to repay my debt.

But you weren't Thai, problem being farangs just don't understand these things.

[Sphere]

11 hours ago, webfact said:

....400 million baht debt...

 

All that money was spent on fixing failed brakes, not.

Edited October 6, 2016 by Sphere

[seajae]

the lady has millions and has made a fortune from her business but wants the govt to forgive her debt and that of the other bus companies. They should name and shame them all now with the amounts each owes the govt, if they cant pay then seize their buses and all their assets  then sell them off to recoup the loss. Thais seem to think that debt means bugger all, they have big houses and several cars but still scream poor when they have to pay the debt back. If they can get out or paying money they owe they will, the ones that have money are the worst of them too.

[Ulic]

While I understand everyone's sentiment I don't know of a single city public transit system

in the western world that is not publically subsidized. From subways to busses. I may well

be wrong but in Canada all are heavily subsidized. None are private, you just cant make money.

[kingalfred]

It's written in stone Thais never return money "Loan " has a different meaning to what people beyond their borders understand it!


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