cash

  • Economy

    Thailand pushes digital payments, rejects US dollar in move towards cashless society

    The Bank of Thailand and central banks in four more southeast Asian countries are creating a cross-border payment zone using QR codes so that southeast Asians can make international payments digitally without having to convert and reconvert to US dollars. The bank hopes to bolster the use of digital payments to halve the amount of cash in circulation in Thailand…

  • Thailand

    Customer buys brand new Honda PCX motorbike with coins in eastern Thailand

    Employees at a motorbike shop in Chon Buri province, eastern Thailand, couldn’t believe it when a customer asked if he could pay for a brand spanking new Honda PCX – for a price of 102,500 baht – with coins. Most people in Thailand have a pile of pennies they don’t know what to do with, but not nearly enough to…

  • Thailand

    Bangkok Bank customers can now withdraw cash from 7/11 stores

    Bangkok Bank is now offering its customers the option to withdraw money at 7/11 convenience stores after teaming up with the retail giant. The move to allow customers greater access to transactional services is to help those in rural areas get cash quickly without needing to go to the actual bank. So far, 12,500 7/11 stores nationwide are offering the…

  • Economy

    7 million Thais already signed up to latest stimulus package

    7 million Thais have already registered for the latest economic stimulus package – Rao Chana (We Win). But Thailand’s Finance Minister believes that 10 million will finally register for the new relief in the wake of the second wave of Covid-19 infections sweeping the Kingdom. The new scheme is similar to other government stimulus packages where recipients aren’t just given…

  • Economy

    Phase 3 easing generated 200 billion baht into Thai economy

    Phase 3 of Covid-19 restriction easing, which began June 1, has generated 200 billion baht of additional cash flow into the economy. With many other establishments returning to business as usual tomorrow, the Thai Chamber of Commerce has launched a forum for the brainstorming of ideas on the next business trends under the “new normal,” that must comply with health…

  • Crime

    9 arrested for sharing “fake news” about Covid-19, government handouts

    9 People have been arrested for sharing “fake news” on social media, from May 25 to yesterday, according to Thailand’s Anti-Fake News Centre. 3 were connected to false stories about Covid-19 and a further 6 made bogus claims about the government’s cash handouts to the needy. The AFNC, together with the Ministry of Digital Economy and Society, said yesterday that…

  • Crime

    One of the robbers in Chiang Rai arrested – VIDEO

    UPDATE: Police have arrested a suspect from Monday’s robbery that took place in Chiang Saen district in Chiang Rai, when a pair of robbers stole 1.05 million baht outside a Krungthai Bank. 2 men on a motorbike managed to escape and a manhunt was ordered. Read more HERE. When officials arrived at the crime scene they found 46 year old…

  • Business

    PM asks public to cool down on selling their gold

    Massive unemployment due to the national state of emergency and the Covid-19 outbreak has pushed gold prices to near a 7 year high, and gold shops throughout the country are running out of cash because so many people are cashing in. In a briefing this week in Bangkok, PM Prayut Chan-Ocha asked the public to show restraint and not to…

  • Coronavirus (Covid-19)

    2.7 billion in “cash gifts” for officials working to fight Covid-19

    Government Spokesperson Traisulee Traisaranakul announced the Thai Cabinet has approved “cash gifts” for government officials working to fighting the Covid 19 outbreak. “The move to disburse cash gifts from the 2.7 billion baht budget was proposed by the Office of the Civil Service Commission.” Those who work in fields directly affected by the outbreak – doctors, nurses and other essential…

  • Crime

    Burmese pair arrested at border for smuggling 16.5 million baht

    Police in the Tak province, northern Thailand, yesterday arrested two Burmese nationals for trying to smuggle 16.5 million baht in cash into Thailand. Authorities say the two, identified as 29 year old Ded Paioou, and a 24 year old woman called “Namitu” were arrested in tambon Tha Sai Luad, following a tip-off. Officers say the pair were driving a pickup…

  • Coronavirus (Covid-19)

    Cash handouts to be proposed tomorrow

    “Those having social security will be taken care of by the Social Security Office, while those who are not insured under the social security scheme will be taken care of by the Ministry of Finance. We are planning to use an emergency budget from fiscal 2020 of around 20 billion baht to provide cash handouts to people affected by the…

  • Business

    SE Asian banks slowly giving way to e-payments and payment apps

    PHOTO: starbucks.com That cold, hard cash in your pocket, and the traditional shop-front banks that give it to you, are slowly being phased out and replaced with e-payments. It’s now expected that traditional banks in South east Asia will miss out on as much as US$5 billion, or 14.3% of their payments revenue by 2025. A report says they are…

  • Crime

    American admits to smashing windshields after being shown CCTV in Chiang Mai

    An American tourist has been arrested after damaging three cars while drunk in Chiang Mai, northern Thailand. 34 year old Jesse Edward Lee was arrested after a local resident posted about a foreign vandal on Facebook. The post warned about the man damaging three cars in the Tha Pae area of Chiang Mai. Lee allegedly told police that he did…

  • Bangkok

    Flight attendant flushes 160,000 baht down airplane toilet

    by Philippine Daily Inquirer – Asia News Network An Egyptian flight attendant has been charged with stealing cash to the value of 18,550 United Arab Emirates Dirham (164,724 baht) from three brothers while on a Bangkok to Dubai flight on June 21. The airline hasn’t been named at this stage. The 27 year old confessed to stealing from the men’s wallets…