baht

  • Business News

    Thailand’s border trade faces slowdown amid regional politics

    The Federation of Thai Industries (FTI) predicts a slowdown in Thailand’s border trade for the current year due to political turmoil in Myanmar and economic issues in other neighbouring nations. Myanmar, Laos, Malaysia, and Cambodia, nations that share borders with Thailand, are facing obstacles to their economic growth, says Montri Mahaplerkpong, the FTI Vice-Chairman. Among the challenges, he highlights the…

  • Thailand News

    Thai model’s generous 1000 baht taxi tip sparks online debate

    A taxi driver was left astounded when a passenger handed him a 1,000 baht note for a fare of just 93 baht. Initially taken aback, understanding dawned upon the driver when the generous customer explained the reason behind her act. The incident surfaced when the taxi driver shared a picture of the 1,000 baht note on a Facebook group for…

  • Thailand News

    Actress Ava Six Scenes clears up 150 million baht credit card rumour

    A video that has been creating a buzz on social media recently features Ava Pawornwan Verapuchong, a millionaire actress. The video shows Ava pulling a credit card from her wallet, causing viewers to focus on the card. It is a THE WISDOM (Visa Infinite) card from Kasikorn Thai Bank, which is exclusively for those with deposits and investments starting at…

  • Business News

    Bank of Thailand confident in limited corporate bond rollover risk despite rising interest rates

    Despite rising interest rates, the Bank of Thailand has expressed confidence in the limited risk of corporate bond rollover this year, stating that it should not pose a significant threat to systemic risk. The local bond market has remained functional, with private businesses continuing to secure new funds. Sakkapop Panyanukul, the senior director for financial markets at the central bank,…

  • Business News

    Thai Cabinet ratifies 3.6 trillion baht budget for fiscal year 2025

    The Thai Cabinet ratified a 3.6 trillion baht budget for the fiscal year 2025. This sees an expansion of the budget deficit to 713 billion baht, a 2.89% increase from the previous year. The new budget was approved by the Cabinet on Tuesday, following its presentation by the Budget Bureau. It was announced by the Deputy Government Spokesperson, Rudklao Suwankiri.…

  • Business News

    Chirathivat family’s CG Capital kickstarts with 10 billion baht

    The Chirathivat family’s private equity fund, CG Capital Advisory, is kicking off its operations with an impressive 10 billion baht. The fund aims to capitalise on the recovering tourism sector by investing in hospitality and real estate. CG Capital, spearheaded by Phoom Chirathivat, partnered with prominent institutional investors to channel this fund into investments in hotels and tourism-related businesses. These…

  • Business News

    Thailand’s chat commerce predicted to hit 1.14 trillion baht by 2028

    Chat commerce in Thailand is expected to reach a staggering 1.14 trillion baht by 2028, according to predictions by Line Thailand. This substantial increase, up from 462 billion baht in 2023, represents a compound annual growth rate of 19.2%. Jirat Watanakarin, who heads e-commerce growth and strategy at Line Thailand, said Thailand is one of the world’s largest markets in…

  • Thailand News

    Democrat Party leader denies ties with billion-baht pork smuggling suspect

    Democrat Party leader Chalermchai Sri-on yesterday refuted whispers of familial connections with the primary suspect in a billion-baht pork smuggling saga. Li Sheng Jiao, also known as Hia Kao (Brother Kao), is among four individuals sought by the Department of Special Investigation (DSI) on multiple charges including money laundering, customs act infringements and tax evasion. Earlier this week, arrest warrants were…

  • Thailand News

    Counterfeit caper in northeast Thailand: Scammer’s fake money fiasco sends a warning to the community

    A cautionary tale has emerged from the local community in northeast Thailand involving a scammer using counterfeit money for purchases. The perpetrator paid with a fake 1,000 baht banknote and received 903 baht in change. Around 1pm yesterday, Police Lieutenant Colonel Chedchai Chaisaeng, an acting inquiry officer of Chai Wan Police Station in Udon Thani, was visited by local retailer Prapaphon,…

  • Thailand News

    Lucky lottery winner in Thailand banks 36 million baht

    Thailand‘s Government Lottery Office (GLO) revealed that one lucky winner scooped a life-changing 36 million baht (over US$1 million) in the digital lottery draw today (May 2) after purchasing six winning digital tickets. Today, the number 834019 was drawn in Thailand’s twice-monthly government lottery draw. Anyone who bought a ticket with this number wins the lottery’s first prize of 6…

  • Crime News

    Body of loan shark found in Thailand river, 7 baht of gold jewellery missing

    The body of a Thai woman missing for three days was recovered from a river in Chumphon province in southern Thailand yesterday. The gold jewellery she usually wears, worth 220,000 baht, was missing. The deceased – 32 year old Chadathip – ran a loan business and never returned from an appointment she made to chase money from a debtor on…

  • Economy News

    89% of bank accounts in Thailand hold less than 50,000 baht

    The Bank of Thailand (BOT) reports that 88.88% of bank accounts in Thailand hold less than 50,000 baht (US$1,423) in deposits, according to Komchadluek. In total, there were 121.4 million bank accounts in Thailand at the end of 2022. Of those, 98.5 million (88.88%) held less than 50,000 baht and 1,023 bank accounts (0.0008%) held more than 500 million baht.…

  • Economy News

    Thai baht soars to six-month high against US dollar

    The Thai baht opened at 34.78 against the US dollar today, strengthening from yesterday’s close of 35 to a six-month high. The baht’s sudden rise is down to the Bank of Thailand’s (BOT) hiking the policy rate by a quarter point earlier this week. The BOT remains committed to a gradual monetary tightening policy, raising the policy rate from 1%…

  • Economy News

    Fate of Thai baht depends on return of Chinese tourists, economists say

    The Thai baht has been flying recently but its upward trend could draw to a standstill unless Chinese tourists return to the Kingdom of Thailand, according to economists. In the past month, the baht appreciated almost 6% against the US dollar as reports indicated the US Federal Reserve (Fed) would slow down its aggressive interest rate hikes. Despite inflation, a reinvigorated…

  • Thailand News

    Delivery driver finds huge stash of Thai, Laos and Japanese banknotes under a tree

    A delivery driver stumbled across a stash of Thai, Japanese, and Laos banknotes scattered beneath a tree in Udon Thani city centre, northeast Thailand, this morning. The cash – amounting to over 500,000 baht – is suspected to be fake. The driver, 43 year old Somsak Sirikhan, was sitting waiting for a job with five or six other rides. He…

  • Thailand News

    Winter is Coming to Thailand… I GMT

    New rule for cash deposit machines from November 15th. Ministry eyes steps to spur spending. Bangkok could hit lows of 15°C by end of October. Drunken monk with an axe causes chaos smashing cars. Flood-damaged Phuket returning to normal. – all are coming up today.

  • Thailand video news

    Thailand News Today | Thai Baht plunges to 38 against USD for the first time in 16 years

      The volatile Thai baht has depreciated to 38 against the US dollar even faster than foreseen by economists. The last time the baht reached 38 to the dollar was 16 years and two months ago on July 26, 2006. The baht’s depreciation is attributed to the rising strength of the US dollar. The dollar index has risen to 114,…

  • Economy News

    Economists foresee 38 baht to 1 US dollar this year

    With the US dollar strengthening and Thailand’s struggling economy, economic experts predict the baht may fall to 38 to the dollar by the end of this year. The head of capital markets research for Kasikorn Bank believes the baht will continue its instability along with the global money markets as a result of domestic and international factors. While the US…

  • Thailand video news

    Thailand News Today | Bank of Thailand scrambles to address plummeting Baht

      The Bank of Thailand is scrambling to find sources behind the weakening baht as a meeting is called to discuss its impact. As of this recording, the baht trades at 37.4 against the US dollar. Finance Minister Arkhom Termpittayapaisith says the depreciating currency is adding to the inflationary pressures and vowing to determine whether the decline is linked to the country’s economic fundamentals.…

  • Hot News

    Weakening baht is in focus as meeting called to discuss its impact

    The Bank of Thailand is scrambling to find the sources behind the weakening baht as a meeting is called to discuss its impact. Finance Minister, Arkhom Termpittayapaisith, says the depreciating currency is adding to the inflationary pressures and is vowing to determine whether the decline is linked to the country’s economic fundaments. The Finance Ministry is set to hold talks…

  • Thailand video news

    Is now the best time to invest in Thailand due to the weak Baht | GMT

      Is now the best time to invest in Thailand? what are the pros and cons of a weaker Baht? Asia’s largest water park, Bangkok governor election winner and Do Thai teachers and institutions abuse their power? All this and more on today’s Good Morning Thailand.

  • Thailand video news

    Thailand News Update | Doubts on Thailand’s Songkran 2022

    Even after the Test & Go program was rebooted on February 1, along with the additional and unpopular Day 5 PCR test, there hasn’t been a large increase in the number of international tourists visiting Thailand. Indeed the new applications and actual arrivals have fallen well below expectations by Thailand’s tourism tzars.Now, Phuket officials are launching new plans to encourage…

  • Economy News

    Thai baht falling over Omicron fears and strong US dollar

    As the Covid-19 pandemic drags on, it’s not just our patience and our resolve that is weakening. The Thai baht is falling too, weakening against a stronger US dollar and global fears over the impact of the Omicron variant rapidly spreading throughout the world. Today the conversion rate stands at 33.59 baht to the US dollar just off of its…

  • Economy News

    Thai baht to continue dropping against the USD

    The Thai baht is forecast to droop to a 4-year low over the next trading week, and its largest monthly currency drop for over 20 years. The Baht’s challenges shadow US dollar gains over concerns about the US Fed’s (US Federal Reserve) ‘tapering’ plans as it reins in enthusiastic stimulus of the US economy. Thailand’s baht has been the region’s…

  • Thailand video news

    Thailand News Today | 32M Pfizer doses on the way, weakening Thai baht | August 13

    Thailand’s Public Health Minister says there will be 32.5 million doses of the Pfizer vaccine in the country by the end of the year. The death from Covid-19 of another fully vaccinated healthcare worker has led to increased calls for Pfizer booster shots. The weakening Thai baht, against the US dollar, is propping up the export numbers. Tourism officials in…

  • Thailand News

    Thai baht goes from top-performing to worst-hit currency in Asia

    Before the pandemic, the Thai baht was the strongest-performing currency in Asia. Now, it’s the worst-hit currency in the region, according to Japan-based Mizuho Bank. The Thai economy has been shrinking over the past year, hitting lows which some compare to the contraction during the 1997 Asian financial crisis. The Japanese bank says the under-performance of the Thai baht is…

  • Economy News

    Thai baht performs worst of all Southeast Asian currencies

    Among common currencies in Southeast Asia, the Thai baht was the worst performing in the first quarter of 2021, mostly due to Covid-19’s effect on tourism in Thailand. This week the baht hit its lowest point in half a year, falling 4% against the US dollar to 31.24. The decline was the sharpest in all of the Southeast Asian nations.…

  • Thailand News

    Bank of Thailand wrestles with cryptocurrency adoption

    The Bank of Thailand is wrestling with cryptocurrency – how to adopt its usage and how to regulate it in the face of growing popularity, along with all the dynamics surrounding the new ‘currencies’.. The BOT admits they’re struggling with balancing the innovation in the financial world and protecting investors in a volatile and unstable market. Digital currency fluctuates much…

  • Thailand News

    Backhoe driver digs up 100,000 baht in cash buried in Nakhon Si Thammarat

    A construction worker came across around 100,000 baht in cash that had been buried underground while he was using a backhoe to level out land in the southern province Nakhon Si Thammarat. Nataya Wakwatee said her father, who used to live on the property, had told her sometime before he died that something was hidden under his bed. She assumed…

  • Thailand News

    Tower Of Babble – Have your say on The Thaiger – January 21

    Tower of Babble is where we read some of your comments made on The Thaiger YouTube videos, as well as our website thethaiger.com and Facebook page. Some are insightful, some are interesting, some need to be shared! And some are just plain funny. If you leave a comment under any of our videos it may be shared on our Tower…

  • Thailand News

    Tower Of Babble – Have your say on The Thaiger | VIDEO

    Tower of Babble is where we read some of your comments to The Thaiger YouTube videos. Some are insightful, some are interesting, some need to be shared! And some are just plain funny. If you leave a comment under any of our videos it may be shared on our Tower of Babble each day. Go to our YouTube channel and…

  • Economy News

    Gold sales go up as Thais sell jewelry to pay for routine expenses

    With job losses and pay cuts brought on by the pandemic, many Thais are lining up to sell their gold to bring in some cash, like 22 year old Suvirat Namvicha, an office worker in Bangkok who had her overtime expenses cut. Survirat, who is also pregnant, says she needed to sell a gold necklace to pay for her medical bills.…

  • Business News

    How to buy gold in Thailand – from bracelets to baht

    Jett Gunther visits Bangkok’s Chinatown and discusses why you should buy gold in Thailand, and how. Bangkok is home to one of the largest Chinatowns in the world, and the Chinese love gold! Not only is gold highly regarded as a sacred metal, gold has held its value for thousands of years! In the past 20 years alone, the price…

  • Business News

    Bank of Thailand takes action to curb Thai baht’s strength

    The Bank of Thailand has moved forward measures, originally meant to begin early 2021, but most of which will now take effect from end of this month. The end result is that the new rules will make it easier for Thais to shuffle money overseas and invest in foreign assets. It will also make is easier for Thai citizens to…

  • Thailand News

    Thailand News Today | Emergency Decree, Protesters shot, Baht boost temporary | Nov 18

    There’s a link to the final story underneath the video on YouTube. Here we go for Thai PM extends emergency decree to January next year. The government will extend a nationwide emergency decree until at least January 15 next year. The PM has cited the need to prevent a resurgence in coronavirus infections during the peak New Year’s travel period.…

  • Economy News

    Deputy PM says rise of Thai baht is only temporary

    Deputy PM Supattanapong Punmeechaow says that, while the Bank of Thailand is monitoring the current appreciation of the Thai baht, he believes the rise is only temporary. He says the appreciation is being driven by foreign investors turning to the markets as they seek to make a profit by the end of the year. According to Supant Mongkolsutree from the…

  • Thailand News

    Overseas investors buy Thai bonds, optimistic that Covid-19 vaccine will revive tourism

    With hopes that a Covid-19 vaccine will be the key to open Thailand’s doors back up to international tourism, overseas investors are putting down money into Thailand’s financial market. Thai baht has strengthened by nearly 3% since the end of October, a top performing currency in Asia following the Indonesian rupiah, and it’s expected to strengthen even further over the…