Bank
- Technology News
Thai bank apps crash on payday causes customer outrage
Siam Commercial Bank joined Bangkok Bank, and TMB Thanachart Bank in causing chaos throughout Thailand this morning when their banking apps crashed. They not only wreaked turmoil throughout the land but they also managed to unite all of its customers – in anger, after their mobile banking systems crashed on the day their salaries were supposed to be transferred into…
- World News
Kasikornbank bank buys 67% of Indonesian bank, Bank Maspion
One of Thailand’s premier banks, Kasikornbank, has purchased majority shareholding in Indonesian bank, Bank Maspion, for US$220 million. The agreement should be completed by the end of the year, with Kbank owning 67.5% of Maspion shares. Two years ago, rival competitor Bangkok Bank splashed almost US$2.3 billion baht in an Indonesian bank, Bank Permata. Following a plan to spend US$20…
- Travel
City Guide: How to open a bank account in Thailand 2022
Opening a bank account in Thailand is important if you’re going to stay here for the long run. Expats frequently have trouble opening a bank account or are uninformed about the process. This’s where we come in… Having a Thai bank account can help you manage your finances more effectively, including sending and receiving money from overseas. Obviously, it’s necessary…
- News
Mastercard is working on accepting digital currency payments in Thailand
Mastercard is working on accepting digital currencies as payment, according to the Thailand and Myanmar manager of the payments technology company. Mastercard has been collaborating with associated parties in Thailand and around the world to plan for a future of transactions using digital currencies. Digital currencies are expected to become a critical choice for consumers and people want to use…
- Thailand News
Say goodbye to your PayPal account from March 7, services to relaunch in Thailand
Got a PayPal account? Withdraw your remaining balance into your bank account. PayPal is relaunching its services in Thailand. Starting next month, customers in the country will not be able to use their PayPal wallets to shop online. They will also not be able to make a new account until further notice. Casual sellers and entrepreneurs of non-registered businesses will…
- World News
Citi to sell consumer banking business in Southeast Asia to Singapore’s United Overseas Bank
Citigroup announced on Thursday its agreement to sell its consumer banking operations in Thailand, Malaysia, Indonesia and Vietnam to United Overseas Bank (UOB) for approximately US$2.97 billion. UOB stated that as part of the agreement, it will acquire Citi’s retail deposit divisions, loan portfolios and wealth management, in the four countries’ consumer banking sectors. “We are excited to announce this…
- Crime News
Huge pyramid scheme and scam uncovered involving 1000s of people | VIDEO
Tens of thousands of people across Thailand woke up over the past 24 hours that they have been victims of a dodgy online money-making app concocted by the “SPM Shopping Mall” through the website www.shopping.baironghj.com This is roughly how it works… Victims would transfer money to to a Thai account… all online. The app promised returns of up to a…
- World News
Thailand News Today | Thailand fallout from Burmese coup | February 3
With potential sanctions and boycotts against Myanmar likely following the military coup, the Thai-Myanmar Business Council says Thai investors are concerned their businesses in the neighbouring country will be affected. As for now, it’s unclear what effect the coup will have on Thai-owned businesses in Myanmar. The country’s economy, already battered by the Covid-19 pandemic, is expected to slow down…
- Crime News
Man arrested for allegedly robbing 500,000 baht from Bangkok bank
Police arrested a man for alleged armed robbery at a Government Housing Bank in Bangkok. 46 year old Phaiboon Sara allegedly used a gun to threaten bank tellers and take off with 500,000 baht in cash. Police reviewed the bank’s security camera footage and tracked down Phaiboon, arresting him at his home in Samut Prakan. Phaiboon allegedly told police that…
- Crime News
Nakhon Phanom couple “rob” bank
A man and wife in Nakhon Pathom, just west of Bangkok, were arrested yesterday for allegedly robbing a bank there. Police in the downtown district were informed in the morning that the local Government Savings Bank branch had been robbed, and arrived to find shattered windows and glass on the floor. Witnesses told police they’d seen the couple walk into…
- Covid-19 News
“Thailand’s economy will take 2-3 years to recover” – Krungthai
Across the world the hopes of a quick recovery in countries’ economies evaporate as the effects of either the coronavirus, or the effects of the lockdowns, drag on. Even though Thailand has effectively contained Covid-19 at this stage with zero local transmissions for over 2 months, the economy is now stumbling with many businesses shuttered and no tourists coming into…
- Covid-19 News
Thai economy won’t need a bailout from the IMF
The Thai economy won’t need a bailout from the International Monetary Fund, although the GDP growth for 2020 may end up being the lowest in the region. The Governor of the Bank of Thailand, Veerathai Santipraphob says the Thai economy is “strong enough”. Speaking at a seminar entitled “Post-Covid Economic Direction”, Veerathai noted that, although Thailand has managed to control…
- Economy News
Thailand’s economic forecast among Asia’s worst: central bank governor to step down
The governor of the Bank of Thailand will step down when his term ends in September. Veerathai Santiprabhob announced yesterday that he has decided against seeking a second 5 year term for “family reasons.” His departure comes as Thailand sees its economy contracting as much as 6% this year, mostly as a result of the impacts of lockdown provisions to…
- Northern Thailand News
Robbers stole 1.05 million baht in cash from a Chiang Rai bank
Today at 10am Police in Chiang Saen district Chiang Rai (which borders Myanmar and Laos on the so-called Golden Triangle), were notified that a pair of robbers had stolen 1.05 million baht from the local Krungthai Bank. Police authorities are currently chasing down the 2 suspects who pulled off the daring daylight robbery on the bank. Both suspects were dressed in…
- Covid-19 News
Hundreds seek Emergency loans from the Government Saving Bank
Parn Phet Market Government Savings Bank branch in Mukdahan (north eastern Thailand) reports that hundreds of people have lined up to seek emergency loans from the government to help those affected by the Covid-19 crisis. The queue was stated to have been so long that it stretched out onto the street. After making their online applications, those applicants were asked…
- Crime News
Bank robber comes in from the rain, makes off with 106,000 baht
Staff at the Bank of Agriculture and Agricultural Cooperatives in Prawet district of southeastern Bangkok got a surprise this week when a lone armed robber came in off the street, out of the torrential rain, and stole 106,000 baht. Brandishing a pistol, the man, caught on security cameras, wore a sky blue cap, a facemask, black shirt, jeans and trainers.…
- Crime News
Bank rolls over after security footage captures employee stealing money
Look up before you steal money in a bank. There’s probably going to be a security camera. A female bank employee has been caught red-handed stealing 10,000 baht of an elderly customer’s savings. CCTV at the bank shows the moment when the teller stole the elderly man’s savings. The daughter of the victim shared the video online for everyone to…
- Crime News
Thai bank employee caught stealing customers’ cash
PHOTOS: kapook.com A video has been shared showing a female bank employee walking behind the bank’s reception and, allegedly, emptying the contents of a yellow basket into her pocket. She was carrying yellow basket and looked into the basket before quickly grabbing the cash and stuffing it into her suit pocket before going into another room through the white door. The…
- Business News
Board of Trade want Bank of Thailand to urgently address the baht
PHOTOS & GRAPHIC: The Nation The Board of Trade are meeting with the Bank of Thailand tomorrow (August 8) to discuss the value of the Thai baht, its appreciation against the US dollar and Chinese yuan, and the impact on the country’s exports. Sanan Angubolkul, the Board of Trade’s vice chairman, speaking to The Nation, says the baht has appreciated around…
- South Thailand News
Bank evasive after 91 year old claims 5 million baht removed from his account
A 91 year old land owner and farmer in Chumpon claims that he’s had 5 million baht ‘taken’ from one of his bank accounts. Daily News reports that Thon Brahmjan from Tha Kham district had been to the bank, the police and government consumer watchdog Damrongtham Centre at the end of last year after the 5 million baht went missing…
