finance
- Finance
After a successful ICP Hacker House, the Internet Computer is back!
The Global ICP Town Hall is set to close out 2024 with an extraordinary finale in Thailand at 7pm on December 20. This highly anticipated third and final episode, themed as a festive X-mas edition, will bring together innovators, thought leaders, and tech enthusiasts from around the globe for an evening of knowledge sharing and collaboration. Hosted on X Space,…
- Guides
Techysquad unveils advanced copier feature for precision and efficiency in trade copying
Technology firm, Techysquad IT Infrastructure Co LLC, launched its new copy trading feature Copier. With more than a decade of experience, the company focuses on developing cutting-edge tools for online brokers. The company has a reputation for technical expertise and smart trading technology ranging from social trading to prop trading and Forex CRM solutions. Known for its advanced capabilities that…
- Guides
Behind the curtain: exclusive insights with TradingPRO’s visionary CEO
Since its establishment in 2017, TradingPRO has emerged as a leading international brokerage, earning multiple prestigious industry awards for its comprehensive product range and exceptional account features. With a strong emphasis on building lasting client relationships, the company continues to maintain the highest levels of trust and transparency for both its traders and partners, providing a host of resources to…
- Guides
FBS wins two prestigious accolades at the Finance Magnates Awards 2024
FBS, a leading global broker, has received two distinguished industry titles at the Finance Magnates Awards 2024, a renowned global event recognising excellence across the financial sector. FBS was named Most Trusted Broker ā Asia and Broker of the Year ā LATAM, two honours that highlight FBSās continuing dedication to delivering a secure, accessible, and seamless experience. What Sets FBS…
- Technology News
Trade anytime, anywhere with the MC Markets mobile app
MC Markets, a leader in CFD trading operating a one-stop trading platform, aims to provide traders with a simple and efficient way to access the financial markets, wherever they are in the world. This vision is reflected in its comprehensive offering. With a powerful trading environment built around the industry’s popular MetaTrader 5 platform and a user-friendly mobile trading app,…
- Best of
Top 5 accounting firms in Thailand 2024
Accounting is one service you can’t do without if you own a business in Thailand. A good accounting firm helps you manage critical financial tasks, such as calculating your withholding TAX and VAT and completing your financial statements. Plus, they also ensure that you comply with Thai law. In addition to keeping the numbers in line, an accounting firm can support…
- Thai Life
The income of the top 1% in Thailand
While many Westerners associate Asian wealth primarily with countries like Singapore and Japan, Thailand has its own population of Hi-So “ultra-wealthy individuals”. The country’s wealth distribution reveals that while not considered a rich nation overall, Thailand has a notable number of individuals in the top 1% income bracket. Reaching the top 1% of income in European countries typically requires a…
- Business News
Potential Trump return haunts global finance leaders at IMF meeting
Amidst the typical chatter of low growth, high debt, and conflicts flaring up, the real buzz at the annual IMF and World Bank meetings was the possible political comeback of Donald Trump. This was the hot topic for finance leaders in Washington last week, overshadowing the usual suspects on the agenda. According to some sources, Trumpās alleged leap in the polls…
- Business News
Energy Ministry’s new bill targets stable oil and LPG prices
The Energy Ministry’s new bill aiming to control domestic oil and cooking gas prices requires a public hearing to assess its impact on oil traders and government revenue, according to an energy expert. Currently under review by the Council of State, the bill proposes the establishment of a new commission, akin to the Energy Regulatory Commission, to regulate retail prices…
- Business News
Thailand energy, finance, tourism to boost revenue in fiscal 2024
Energy businesses, financial institutions, and tourism are expected to be the primary revenue contributors for the Revenue Department this year, according to its chief. These sectors have shown strong performance and are anticipated to generate significant tax revenues during the first nine months of fiscal 2024 (October 2023 to June 2024). Revenue Department Director-General Kulaya Tantitemit highlighted that while these…
- Business News
Thai consumers highlight concerns over real-time payment scams
The rise in the use of new, convenient, and fast payment channels has been matched by growing concerns about real-time payment scams, as revealed by a global consumer fraud research study conducted by Fico, the US-based data analytics and credit scoring company. The study reveals that Thai consumers are particularly worried about the risk of being deceived into sending money…
- Business News
Baht hits two-week high but faces long-term depreciation risks
The Thai baht surged to a two-week high yesterday, surpassing 36.5 to the dollar, marking a strong short-term gain. However, Kiatnakin Phatra Financial Group (KKP) has issued a cautionary note about the potential depreciation of the currency, attributing it to persistent structural issues in Thailand’s economy. Yesterday, the baht led gains among Asian currencies, appreciating by 0.3% to its highest…
- Thailand News
Thai banks urged to ‘transact green’ by BoT to aid local businesses
The Bank of Thailand (BoT) urges large commercial banks in Thailand to provide transition finance to aid local businesses in shifting from carbon-intensive operations to more sustainable practices. During the seminar EARTH JUMP 2024: The Edge of Action organised by Kasikornbank, Ronadol Numnonda, deputy governor of the central bank, revealed that last year, large local banks reported a total of…
- Guides
Budgeting for beginners
The 50/20/30 rule is a beginner-friendly budgeting principle developed by Harvard economist Elizabeth Warren and her daughter Amelia Warren Tyagi. It breaks down income into three manageable categories. This approach ensures you cover essentials, save for the future, and enjoy life’s pleasures without guilt. It offers a clear path to financial stability and peace of mind. If you’re unsure where…
- Business News
Finance ministry secures deals for 250 billion baht investments
Following the passing of the fiscal 2024 Budget Expenditure Act, the Finance Ministry has confirmed that new financial agreements for investment projects totalling 250 billion baht have been finalised. Deputy Finance Minister Krisada Chinavicharana revealed that during the delay in the act’s signing, governmental bodies with pending investment projects initiated their procurement processes. These processes included creating terms of reference…
- Business News
Pichai Chunhavajira announced as new Thai Finance Minister
The former Stock Exchange of Thailand (SET) chairman has been appointed as the new finance minister, a move that has garnered a positive reception from stock market analysts. They believe Pichai Chunhavajira will play an active role in managing the capital market and advancing economic stimulus, now that the 2024 fiscal budget is prepared for allocation. Expressing his view on…
- Thailand News
Woman climbs signal pole in desperation over money woes
Tension gripped Bo Win Subdistrict, East Pattaya on Monday when a distressed woman scaled a telephone signal pole in a bid for attention. The womanās 56 year old husband Prasit (last name withheld) identified her as 58 year old Piew. He disclosed that the incident unfolded after he returned from work in the evening when a dispute arose over financial…
- Press Room
Libertex: once a leader, always a leader
The leading CFD broker part of Libertex Group that has been shaking the retail trading space for over two decades stands out as a beacon of innovation and excellence. Libertex, a name revered by millions of traders worldwide for more than 25 years continues to hold a prominent position in todayās retail trading industry. The brand has demonstrated an unshakable…
- Business News
PDMO to sell 100 billion baht savings bonds for budget deficit funding
The Public Debt Management Office (PDMO) announced plans to sell 100 billion baht (US$2.78 billion) worth of savings bonds within the fiscal year to finance the budget deficit. The initial issue, valued at 40 billion baht (US$1.1 billion), will be offered next month, according to the director-general of the PDMO, Patchara Anuntasilpa. The first tranche of savings bonds for the…
- Press Room
DeeMoney’s ‘PIN TO SUCCESS’: a roadmap to greater success
āTo operate a successful business, you need to have the right products and services and know how to apply innovations to better serve the market and heighten your success. More importantly, be flexible and always ready to adjust your plans in line with your goals.ā ā Aswin Phlaphongphanich, CEO and Co-Founder, DeeMoney. DeeMoney is a leading Thai fintech company specialising…
- Thailand News
Thai finance company’s handwritten debt recovery note sparks online debate
A finance company‘s unconventional method of debt recovery has sparked an online debate. A handwritten demand letter for a car instalment of 27,850 baht was left in a woman’s mailbox, causing her to question the legality and normalcy of this approach. The woman took to the consumer group on Facebook, sharing her experience and seeking clarification. She expressed her bewilderment…
- Thailand News
Thai prime minister addresses small investors’ crisis of confidence in the stock market
Thailand’s Prime Minister and Finance Minister Srettha Thavisin has spoken about the news of small investors planning to stop trading on November 20 due to a crisis of confidence. The situation, the Thailand prime minister says, is serious and warrants investigation. The government, he assures, is not taking negative measures against the Thailand Stock Exchange, but is trying to improve multiple…
- Business News
Thailand economy: Fiscal position to suffer due to government policies like digital wallet scheme
Thailand’s fiscal position is predicted to face a downturn in the medium term, according to analysts, as the government advances populist policies such as the digital wallet scheme. BMI, a division of Fitch Solutions, forecasts that the nation’s budget deficit will escalate from 2.9% in the current fiscal year to 3.6% in the following fiscal year. This is due to…
- Thailand News
JSCCIB for water: Thai committee floats idea to dip into digital wallet funds for H2O solutions
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) proposed that the Thai government allocate a portion of its 560 billion baht digital wallet scheme budget towards supporting water management plans. The committee argues that Thailand needs immediate and long-term solutions to deal with flooding and drought, which is forecasted to affect the agricultural sector due to El NiƱo-induced…
- Thailand News
October stargazing: Astrologer predicts ‘luck-turning’ moments for zodiac signs
Astrologer Thosporn, also known as Doctor Chang, unveiled predictions for the 12 zodiac signs for October, a month identified as a significant turning point for many. He highlighted the potential for massive financial transformations, particularly for those who have habitually had bad luck. These individuals could find themselves fortunate enough to win a substantial prize or award unexpectedly. Doctor Chang…
- Business News
Thailand’s finance ministry drops plan for financial transaction tax
Paopoom Rojanasakul, secretary to the finance minister, announced a reversal from the Finance Ministry’s initial plan to impose a financial transaction tax. This comes after Sirikanya Tansakul of the Move Forward Party (MFP) claimed the ministry’s mid-term fiscal blueprint for 2024 projected revenue of 14 billion baht from the proposed tax. Paopoom explained that the ministry aims for Thailand’s capital…
- Economy News
Thai student loan restructuring to begin in November, easing debt burden
The Student Loan Fund (SLF) recently announced that it will start the restructuring of student defaulters’ debts starting in November. This information was disclosed today by Chainarong Katchapanan, the manager of SLF, during a meeting with Justice Minister Tawee Sodsong. According to him, the necessary regulations required for the restructuring process will be finalised within the next month. Tawee, the…
- Thailand News
Krungsri Bank anticipates Thai baht fluctuation amid global market developments
The Global Markets team at Krungsri Bank predicts a movement in the Thai baht this week within the range of 35.40 to 36.00 baht per US dollar. Last week, the baht closed weaker at 35.79 baht per US dollar after trading in the range of 35.43 to 35.82 baht per US dollar. The dollar strengthened against the euro but held…
- Thailand News
Phuket savings group ex-loan officer nabbed for 12 million baht embezzlement
The former loan officer of a savings group was arrested by police in a Phuket restaurant on charges of forging loan documents, fabricating account data, and embezzlement of over 12 million baht. The arrest of the 44 year old woman named Arwarran, made under the jurisdiction of Narathiwat Province’s court, follows a complaint lodged in 2020 by more than 50…
- Business News
Krungsri Auto targets 1/3 EV lending market share amid 203% growth forecast
Krungsri Auto, a leading automotive finance company under the Bank of Ayudhya, is targeting a one-third market share in electric vehicle (EV) lending this year. The firm anticipates a 6% decline in new motorcycle sales, amounting to 1.7 million units, mainly due to a high base effect. Out of these, 30,000 units are expected to be electric motorcycles, an increase…
