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Thais don’t have enough savings – Gen Y, Gen X

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Thais don’t have enough savings – Gen Y, Gen X | The Thaiger

Most working Thais only enough savings to last them about six months if they stopped working, or became unemployed.  According to a study from the Customer Insights Centre of the Thai Military Bank, the premise particularly affects the Gen Y and Gen x groups.

Generation X – Born: 1966-1976, Generation Y (Echo Boomers or Millennium) – Born: 1977-1994

The study is based on an online survey of working Thais aged 18-54 from the database of 35 million working Thais.

The PBS reports that only 20 percent of the working Thais have enough savings to last more than six months after they stop working, said the study, adding that the problem of not enough savings occurs when Thais start working (Gen Y) and carries on until Gen X. 70 percent who earn more than 30,000 baht a month, mostly private office workers and self-employed, do not have enough savings.

Mr Naris Sathapholdeja, an executive of TMB Analytics, noted that the main factor contributing to spending behavior of Thais was the changing lifestyle toward convenience, comfort, and luxury such as eating out at trendy eateries and indulgence in entertainment.

Meanwhile, Ms Nanthaporn Tangcharoensiri, chief of Customer Experience and Insights, said most Thais tend to spend more than they earn as evident from the fact that more than 50 percent of credit card holders cannot pay their monthly bills and 48 percent resort to installment buying and willing to be charged an interest rate.

Read the rest of the story HERE.

Thais don’t have enough savings - Gen Y, Gen X | News by The Thaiger

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News Desk

Pattaya’s “sex gurus” ordered to remain in detention as they continue fight

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Pattaya’s “sex gurus” ordered to remain in detention as they continue fight | The Thaiger

Ten Russian self-appraised ‘sex gurus’ at the centre of a sex-techniques course held in Pattaya in February have been ordered to remain in detention by the Pattaya Court.

The Thai News Agency are reporting that eight of the ten involved in offering the course appeared in court at the end of last week. The Court asked if they admitted their crimes – they all denied it. The eight also informed the Court that they had instructed lawyers to fight their cases. They were then taken back to jail to await their next day in court.

One person is charged with overstay, three with illegal entry and all ten, “working without a work permit”.

They were arrested on February 26 in a Pattaya Sai 2 Road hotel where they were allegedly conducting courses on sex techniques to 43 Russians who had paid 20,000 baht each.

The group were led by 35 year old “Alex Leslie” and “Nastya Rubka”. Nasty (aka Anastasia Vashukevich) later tried to trade her freedom for information about meddling in the US elections claiming she had connections with Russian oligarchs.

The location of Alex and Nastya is not mentioned in the TNA story but they are understood to remain in detention in Bangkok whilst investigations in to their claims continues.

Pattaya's

SOURCE: Thai News Agency

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Chiang Rai

“Not for sale at any price” – Mu Pa Academy VP

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“Not for sale at any price” – Mu Pa Academy VP | The Thaiger

In the wake of 13 of their young footballers being rescued from the Tham Luang caves, TNA reports that some of the world’s biggest football clubs are showing interest in actually buying the Mu Pa football academy.

But the club’s vice president and manager Kittipong Intaechai says, despite the interest, his club is not for sale at any price.

Mr Intaechai notes the purpose of the academy is to help improve the lives of local boys in Chiang Rai through playing football, not to make money. Mr Intaechai is also warning the public about buying ‘Wild Boar’ souvenirs. In the aftermath of the rescue many souvenirs have been created that include the logo and name of the Wild Boar team.

“These have not been produced by the club but instead by people hoping to cash in on the back of the success of the rescue operation.”

While none of the clubs supposedly interested in buying the Wild Boars were named in the TNA report, teams from the around the world have offered support and gifts to the boys following their rescue from the cave.

German Bundesliga champions Bayern Munich recently sent well wishes to the boys along with 13 replica jerseys which have ‘Moopa Academy’ printed on the back.

Manchester United previously invited the boys to their Old Trafford stadium and Carrington training base, while Portugal’s Benfica has also offered the boys an all expenses paid trip to train at its academy in Seixal, near Lisbon.

ORIGINAL STORY: TNA

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Chiang Rai

Elon Musk “should be put up against a wall and shot” – Mother of UK diver Unsworth

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Elon Musk “should be put up against a wall and shot” – Mother of UK diver Unsworth | The Thaiger

The UK ‘The Sun’ is reporting that the 88 year old mother of UK cave diver Vernon Unsworth says American tech billionaire Elon Musk should be shot for falsely branding her son a ‘pedo’.

Musk twittered the insult towards the cave expert after Unsworth branded the tycoon’s offer to build a mini submarine to free the trapped Thai schoolboys a PR stunt. Unsworth was in Chiang Mai providing valuable skills and information into the delicate cave dive to retrieve the Mu Pa 13.

The Tesla boss has since apologised to 63 year old Unsworth, but his mum has clearly not forgiven Musk for what he said about her son. When asked about the “pedo” slur, Vera Unsworth said: “That’s stupid, that is the last thing he is. It’s disgusting, absolutely disgusting that.

Read the rest of the story HERE.

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