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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Thai stock index jumps as gold hits record high amid Fed rate plans
In a striking turn for the Stock Exchange of Thailand (SET), the index surged for the third consecutive day, momentarily cracking the 1,200-point mark yesterday, as gold prices soared to record highs. This rally followed the Federal Reserve’s decision to maintain interest rates at 4.25-4.50%, as anticipated. Rakpong Charoenpong, Senior Vice President at KGI Securities (Thailand), attributed the buoyant market…
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Why trading execution is everything in trading
Having a strong trading strategy is essential, but even the best strategy is meaningless without precise execution. In trading, timing is everything—prices fluctuate by the second, and even the smallest delay in execution can lead to missed opportunities or unexpected losses. A trader’s success depends not only on their analytical skills but also on the efficiency of their trading execution…
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EC Markets strengthens its position in Asia’s financial landscape
In the dynamic milieu of Asian finance, EC Markets continues to fortify its standing as a prominent player in the region’s financial landscape, leveraging its well-established presence across pivotal economic centres. With robust operations already in place, the company is now intensifying its efforts in high-potential markets such as Japan, Malaysia, India, and Thailand. This strategic move aligns with Asia’s…
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New 100 baht note marks Finance Ministry’s 150th anniversary
The Ministry of Finance announced the release of a commemorative 100 baht banknote to mark its 150th anniversary. The note, which can legally be used for transactions, will be issued on April 14. The announcement was published on the Royal Gazette’s website, detailing the characteristics, colour, and size of the commemorative note. Signed by Pichai Chunhavajira, the finance minister, the…
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Trump card: Bitcoin booms as Donnie deals in digital dollars
Bitcoin nosedived back into the spotlight with a jaw-dropping surge of over 20% yesterday, accompanied by a thrilling rally in various cryptocurrencies. The electrifying leap followed US President Donald Trump’s bombshell announcement about a proposed strategic US reserve replete with an enticing collection of digital tokens. In a candid post on Truth Social, Trump unveiled his plan for a January…
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EC Markets renews strategic partnership with world’s leading snooker player Judd Trump
EC Markets, a globally renowned multi-regulated CFD trading firm, is proud to announce the renewal of its exclusive FX partnership with Judd Trump, the preeminent figure in the world of snooker. This strategic collaboration underscores EC Markets’ steadfast commitment to excellence, innovation, and global expansion, aligning its brand with one of the most celebrated and influential athletes in contemporary sports.…
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Where can I learn how to trade for free?
Entering the trading world requires more than just luck; even the most successful traders started with a solid foundation. Learning the fundamentals, mastering discipline, controlling emotions, and staying updated with market news are all essential components for sustainable success in trading. If you’re new to this world, you might wonder where you can learn how to trade for free. This…
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Thailand unveils third phase of 10000 baht stimulus project
Deputy Finance Minister Julapun Amornvivat confirmed plans to proceed with the third phase of the 10,000 baht economic stimulus project yesterday, Feburary 7. The initiative, aimed at injecting approximately 150 billion baht into the economy, is expected to start in the second quarter of the year. Discussions took place during a subcommittee meeting on economic stimulation projects, with further meetings…
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A2D Ventures partners with The Urban Office to boost Thailand’s startup ecosystem
A2D Ventures, a leading early-stage venture capital firm and angel investing platform in Southeast Asia, is proud to announce the launch of Venture Spark, an accelerator programme aimed at accelerating Thailand’s startup ecosystem. In partnership with The Urban Office, the initiative is designed to provide Thai startups with access to world-class mentorship, state-of-the-art resources, and a collaborative environment, ensuring their…
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Golden days: Dazzling rise in gold prices spark trading frenzy
In a sparkling turn of events, gold prices have shot up, leaving traders feverishly clasping their hands with glee. Today, February 4 marked a golden morning as the Gold Traders Association (GTA) announced a substantial hike of 250 baht compared to yesterday’s rates, setting the trading floors abuzz with anticipation. As the clock struck 9.05 am, the shimmering reality set…
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Kasikornbank: Verify SIM card name by April 30
Kasikornbank has announced that mobile banking customers need to ensure their registered name matches their mobile SIM card name by April 30. The bank outlined two conditions for this requirement. Customers who have not been contacted need not take any action. Kasikornbank communicated through its Facebook page, KBank Live, regarding a measure to enhance mobile banking security. This initiative requires…
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New debt relief scheme aids nearly 500,000 Thai debtors
Deputy Finance Minister Phaophum Rojanasakul announced that as of January 28, the You Fight, We Help initiative has received interest from 497,552 debtors, covering 576,496 accounts. The scheme aims to assist individual debtors and includes two measures, excluding direct registration with financial institutions. The first measure, Direct Payment, Asset Retention, targets home, car, and small SME loans with modest limits,…
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How TrustFinance is leading financial transparency in 2025
The world of digital finance is full of malicious people who seek to use the anonymity and obscure nature of the internet to scam and take advantage of other people’s money. Almost everyone has lost their money or at least had a friend or family member scammed by what they thought was a trusted person telling them to trade, invest,…
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Thai Airways: Ministry’s bid for more administrators rejected
The Central Bankruptcy Court has thrown out the Ministry of Finance’s bid to tighten its grip on Thai Airways’ rehabilitation, ruling that the current administrators are steering the airline’s recovery effectively. In a hearing yesterday, the court dismissed a proposal by the Ministry of Finance to appoint two additional administrators to oversee the struggling carrier’s rehabilitation. The bid aimed to…
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State Welfare Card applications to open by March
Applications for the State Welfare Card will open by the end of March, with low-income and vulnerable groups invited to register. The registration follows two years after the last round, which took place from September 5 to October 31, 2022. Julapan Amornwiwat, Deputy Finance Minister, announced that the details of the new registration for the State Welfare Card this year…
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GSB windfall: Bangkok man wins 40 million baht jackpot
A man from Bangkok became the lucky winner of a 40 million baht jackpot from a special one-year digital Government Savings Bank (GSB) bond. The GSB Society page congratulated Danai, the lucky winner, on this extraordinary prize, stating that the prize distribution was genuine and congratulating him on winning the substantial amount. Danai, a client from the GSB branch at…
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Trumping expectations: Bitcoin set to soar under US president
Bitcoin’s price is set to soar during the first three months of Donald Trump’s presidency, while a groundbreaking crypto sandbox in Phuket promises to double Thailand’s digital adoption rate of 12%, according to Binance’s Thai division, the world’s leading cryptocurrency exchange. Ahead of Trump’s swearing-in as the 47th president of the United States, bitcoin reached a staggering new peak at…
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Tax cuts with a twist: SEZ businesses get a decade of ten-percenters
The Revenue Department is slashing corporate income tax to just 10% for businesses nestled in Thailand’s special economic zones (SEZs) for the next ten years in a stunning financial manoeuvre. The move, designed to inject life into these strategically positioned areas, is set to give them a major boost. Director General Pinsai Suraswadi revealed that this game-changing tax cut received…
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TrueMoney denies pre-installing app on mobile devices
TrueMoney recently addressed concerns following reports implicating the company in the pre-installation of its financial application on mobile phones. Ascend Money, which operates TrueMoney, clarified that the app is legally compliant and operates with the necessary business licences. TrueMoney holds an electronic payment service licence from the Bank of Thailand (BoT), while Ascend Nano is licenced for digital lending. The…
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Stay competitive in 2025 with Forex CRM provider Techysquad
Techysquad IT Infrastructure Co LLC is a Forex CRM provider that offers tools and services to help streamline interactions with active and potential clients, optimise conversions, boost trading activity, and increase customer lifetime value. Beat the competition in 2025 with Techysquad’s Forex CRM Techysquad offers brokers a powerful and comprehensive CRM solution that focuses on efficiency and scalability while providing…
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Taxing times: Thailand cashes in on digital currency revolution
Finance Minister Pichai Chunhavajira has committed to comprehensive tax reform aimed at enhancing Thailand’s competitiveness and promoting the use of digital currency by the end of the year. During a seminar organised by the Marketing Association of Thailand, Pichai explained that the ministry’s strategy involves fostering business partnerships through incentives and attractive measures. He emphasised the necessity of revising the…
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EC Markets takes centre stage as elite sponsor of iFX EXPO Dubai 2025
EC Markets, a global leader in CFD trading, is proud to announce its role as an elite sponsor of the iFX EXPO Dubai 2025, the foremost gathering for the trading and fintech community. Scheduled to take place from January 14 to 16, the event promises to be a hub of innovation, collaboration, and dialogue, drawing professionals from across the globe.…
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Elderly cash windfall: Thai govt handouts confirmed by January 29
The Thai government has officially confirmed that elderly citizens will receive their long-awaited 10,000 baht stimulus payments before January 29. Deputy Finance Minister Julapun Amornvivat, spilled the beans during a press conference at the Ministry of Finance today, January 7. “We assure you, the 10,000-baht payments will hit accounts before the deadline. The exact transfer date hinges on a final…
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BYDFi’s perpetual trading upgrade: Trading flexibility and asset security
BYDFi officially announced that the upgrade of the platform’s perpetual trading system has been completed. The upgrade not only improves core trading functionalities but also introduces three important functions of innovation and optimisation, which comprehensively improve users’ trading flexibility and asset security. Unrealised profits open new positions When a user holds a profitable position in the course of trading but…
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Bitcoin soars as ETFs and halving spark a crypto frenzy
Bitcoin soared to dizzying heights last year, propelled by a swarm of spot Bitcoin exchange-traded funds (ETFs) introduced in January and April’s dramatic supply-halving event. These triggers, combined with a surge of interest from institutional investors, catapulted Bitcoin into the limelight, transforming it into a mainstream asset category. The crypto kingpin shattered records, peaking at an astounding US$100,000 in early…
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Good fortune: PM Paetongtarn’s assets exceed 13 billion baht
The National Anti-Corruption Commission (NACC) has disclosed a detailed account of the assets and liabilities of Thailand’s Prime Minister Paetongtarn Shinawatra, marking her ascension into office. The report reveals that the 38 year old PM holds assets worth over 13 billion baht, alongside liabilities amounting to more than 4 billion baht. The asset declaration includes a wide array of personal…
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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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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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Revenue department sees 2.1% rise in revenue collection
Collection by the Revenue Department has shown a notable increase in the first two months of fiscal 2025, with a 2.1% year-on-year growth. The surge is largely credited to initiatives aimed at integrating individuals outside the tax system into compliance, along with intensified measures against tax evasion. Director General Pinsai Suraswadi reported that in October, the department successfully collected 146…
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