The financial discipline of Thailand’s teachers has come under scrutiny, with calls for strict regulations to curb inappropriate debt. Narin Chamanadou, Director of Kanchanaphisek School and President of the Association of Secondary School Administrators in Thailand revealed that the country’s teachers collectively owe over 1.4 trillion baht.
The majority of this debt, approximately 64%, is owed to the Teacher’s Savings Cooperatives, while 28% is owed to the Government Savings Bank and 4% each to Krung Thai Bank and the Government Housing Bank. Inappropriate debt, such as gambling, is a concern within the profession.
It was divulged today that the total debt of Thailand’s teachers, exceeding 900,000 individuals, stood at a staggering 1.4 trillion baht. The Teacher’s Savings Cooperatives held the lion’s share of this debt, accounting for…
