Local news

Residents at Wong Wian Yai evacuated after road subsides

  SEVERAL residents living along Prachathipok road leading to Wong Wian Yai roundabout were evacuated today (July 9) after some sections developed cracks and subsided following last night’s flooding of the under-construction Southern Purple Line subway tunnel, PPTVHD36 and TV Channel 7 said this evening. Mr. Theerapat Khachamat, director-general of the Department of Disaster Prevention

Read more
Local news

Premchai, 14 other suspects in building collapse detained after court denies bail

  THE Ratchada Criminal Court this evening (May 16) ordered the initial 12-day detention of Italian-Thai Development Plc President Premchai Karnasuta and 14 other suspects in the collapse of the State Audit building during March 28 earthquake because of significant damage that terrified the public and has great impact on society, Amarin TV said. At

Read more
Local news

Construction magnate surrenders on negligence charges over Bangkok building collapse in earthquake

  By AP and published by Msn.com A CONSTRUCTION magnate, builders, designers and engineers surrendered to police today (May 16) on criminal negligence charges for the deadly collapse of State Audit high-rise in the March 28 earthquake that hit Myanmar. Premchai Karnasuta, the president of Italian-Thai Development Plc, the main Thai contractor for the building

Read more
Business

US bank collapse biggest failure since 2008

  By Reuters and published by Financialexpress.com START-UP FOCUSED lender SVB Financial Group became the largest bank failure since the financial crisis on Friday, in a sudden collapse that roiled global markets and stranded billions of dollars belonging to companies and investors. California banking regulators closed the bank, which did business as Silicon Valley Bank,

Read more