Creditor co-ops join financial firms to negotiate debt settlements with THAI

14 Sept 03:29 Key points summarised by AI

Eighty-four creditor cooperatives and financial institutions have combined forces to increase their bargaining power in debt settlement negotiations with Thai Airways International (THAI).
These creditors hold an estimated 60 billion baht in THAI investments, while the airline's total frozen debt under bankruptcy protection exceeds 200 billion baht.
A working committee will prepare a petition for submission to the Central Bankruptcy Court prior to the August 17th enquiry stage.
Creditors advocate for a new THAI board composed of competent individuals, free from political influence, to guide the airline's rehabilitation, with new board members already waiving salaries and executive perks.

Six injured after car smashes into On Nut shopping mall

Today 22:44 Key points summarised by AI

A 67-year-old woman drove her car through the glass frontage of a Bangkok shopping mall, injuring six people, including a six-year-old girl.
The driver claimed she accidentally pressed the accelerator instead of the brake after being startled, causing the vehicle to surge forward.
She apologized to the victims, promising insurance coverage and additional financial aid, while police continue to gather statements before filing charges.