Finance
Thailand finance guide—economy updates, banking, taxes, and smart money management. Stay informed on financial trends, investment insights, and practical tips for navigating Thailand’s financial landscape.
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Sponsored 5 ways retirees in Thailand lose money (and how to stop it)
Retiring in Thailand can be affordable and enjoyable, but many retirees lose money due to common mistakes. High living costs, scams, and unexpected expenses can quickly drain savings. There are five ways that retirees in Thailand can lose money and...
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Bangkok pawnshops cut interest rates by 20% for new year
Bangkok pawnshops have announced a special initiative to reduce interest rates by 20% for all loans, offering this as a new year gift to alleviate financial burdens for residents. The programme aims to spread happiness and ease expenses for citizens during the festive season. Chanathip L. Virapark, Director of the Pawnshops Office, revealed the initiative following a policy set by…
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Thailand eyes Phuket for bitcoin sandbox experiment
Thailand is edging closer to cryptocurrency adoption, with Finance Minister Pichai Chunhavajira dropping hints about extending the bitcoin sandbox experiment in Phuket. This bold move could position Thailand as a regional leader in digital currency innovation. “We are not suggesting replacing existing currencies with bitcoin.” Pichai emphasised the controlled nature of the trial. Under the sandbox model, bitcoin would be…
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Thailand’s credit card industry faces toughest challenge in 20 years
The credit card industry in Thailand is bracing for its most formidable challenge in two decades, a situation attributed to an anticipated weak economy next year, as highlighted by the Thai Bankers’ Association’s credit card club. Atis Ruchirawat, chair of the club, emphasised that the unsecured loan sector, encompassing credit cards and personal loans, has already felt the tremors of…
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Thai baht to fall to 35.50 against US dollar by 2025
Kasikorn Research Centre (K-Research) forecasts that the Thai baht will depreciate, reaching 34.50 to the US dollar by the end of this year and sliding further to 35.50 in 2025. This prediction comes as new US government policies are expected to exert pressure on the Chinese yuan next year. The baht recently hit a three-month low of 34.61 against the…
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Techysquad’s award-winning Forex CRM Solutions
Driven by greater competition and increased regulatory scrutiny, the dynamic financial landscape is expected to continue its evolution in 2025. Amid the ever-increasing demand for personalised services, forex brokers must adapt to stay ahead of the curve. At the heart of this is a growing need for tailored customer relationship management (CRM) solutions, particularly those that cater to the specific…
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X Open Hub closes 2024 with broader liquidity pool, looks forward to 2025
Warsaw-listed multi-asset liquidity provider X Open Hub ends 2024 on a high note. Revealing an expanded liquidity offering, the company currently boasts a multi-asset pool spanning more than 5,000 OTC instruments. With a comprehensive multi-asset bundle of Forex, indices, commodities, shares, ETFs, and cryptocurrencies under its derivatives liquidity umbrella, X Open Hub seeks to meet the demands of an increasing…
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FBS helps traders turn 2025 resolutions into reality with Happy New Trade promo
Leading global broker FBS has just launched its promotional campaign Happy New Trade. The promo is designed to help traders turn their new year’s resolutions into reality. Running until January 26, 2025, the campaign offers participants the chance to achieve more, with exclusive rewards and thrilling opportunities waiting at every level. The Happy New Trade promo transforms trading into a…
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Gold rush: Prices dip, enthusiasts dig in for a buying spree
Gold enthusiasts are on high alert as the Gold Traders Association (GTA) announced a dip in prices, sparking a potential buying frenzy. Today, December 16, the price of gold jewellery has slipped to 43,400 baht per baht-weight, a 50 baht drop from yesterday’s closing. At 9.03am, the GTA updated their website, revealing the domestic buying price for gold bullion at…
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After a successful ICP Hacker House, the Internet Computer is back!
The Global ICP Town Hall is set to close out 2024 with an extraordinary finale in Thailand at 7pm on December 20. This highly anticipated third and final episode, themed as a festive X-mas edition, will bring together innovators, thought leaders, and tech enthusiasts from around the globe for an evening of knowledge sharing and collaboration. Hosted on X Space,…
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Fed on the brink: Rate cut looms as US plays interest-ing game
Anticipation is reaching fever pitch as the US Federal Reserve gears up for a crucial meeting, with punters betting on a 25 basis point interest rate cut. Slated for December 18, this decision could have ripple effects all the way to Thailand, where the Bank of Thailand might follow suit in the coming months. The Federal Open Market Committee (FOMC)…
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Crypto hits new heights: Bitcoin Trumps US$100k amid election buzz
In a staggering leap that has set the crypto world ablaze, bitcoin shattered the US$100,000 mark for the first time, skyrocketing from around US$69,000 just a month ago. This meteoric rise comes hot on the heels of the US presidential elections, fuelling frenzied speculation among crypto investors about the impact of Donald Trump’s return to prominence. With crypto enthusiasts on…
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