Finance
Stay up to date on Finance in Thailand with simple tips, news, and insights. Learn about the economy, banking, taxes, and smart ways to manage your money. Whether you’re looking for investment ideas or want to understand financial trends, our Finance section gives you easy-to-follow and reliable updates to help you stay informed.
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Sponsored How to be a digital nomad in Thailand?
Thailand is one of the best destinations for digital nomads, offering an ideal mix of work and lifestyle. With affordable living, high-speed internet, and a thriving coworking place, remote workers can stay productive while enjoying the country’s rich culture and...
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EC Markets renews strategic partnership with world’s leading snooker player Judd Trump
EC Markets, a globally renowned multi-regulated CFD trading firm, is proud to announce the renewal of its exclusive FX partnership with Judd Trump, the preeminent figure in the world of snooker. This strategic collaboration underscores EC Markets’ steadfast commitment to excellence, innovation, and global expansion, aligning its brand with one of the most celebrated and influential athletes in contemporary sports.…
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Where can I learn how to trade for free?
Entering the trading world requires more than just luck; even the most successful traders started with a solid foundation. Learning the fundamentals, mastering discipline, controlling emotions, and staying updated with market news are all essential components for sustainable success in trading. If you’re new to this world, you might wonder where you can learn how to trade for free. This…
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Thailand unveils third phase of 10000 baht stimulus project
Deputy Finance Minister Julapun Amornvivat confirmed plans to proceed with the third phase of the 10,000 baht economic stimulus project yesterday, Feburary 7. The initiative, aimed at injecting approximately 150 billion baht into the economy, is expected to start in the second quarter of the year. Discussions took place during a subcommittee meeting on economic stimulation projects, with further meetings…
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Stable vision: Binance pushes for baht-backed crypto in Phuket
The Government of Thailand is being urged by Binance’s Thai branch to explore the development of stablecoins tethered to the baht, intended for use within the country and particularly within the proposed Phuket crypto sandbox. Unlike volatile digital assets such as Bitcoin, stablecoins are linked to fiat currencies, offering a more stable alternative. Nirun Fuwattananukul, CEO of Gulf Binance, explained…
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Golden days: Dazzling rise in gold prices spark trading frenzy
In a sparkling turn of events, gold prices have shot up, leaving traders feverishly clasping their hands with glee. Today, February 4 marked a golden morning as the Gold Traders Association (GTA) announced a substantial hike of 250 baht compared to yesterday’s rates, setting the trading floors abuzz with anticipation. As the clock struck 9.05 am, the shimmering reality set…
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Kasikornbank: Verify SIM card name by April 30
Kasikornbank has announced that mobile banking customers need to ensure their registered name matches their mobile SIM card name by April 30. The bank outlined two conditions for this requirement. Customers who have not been contacted need not take any action. Kasikornbank communicated through its Facebook page, KBank Live, regarding a measure to enhance mobile banking security. This initiative requires…
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New debt relief scheme aids nearly 500,000 Thai debtors
Deputy Finance Minister Phaophum Rojanasakul announced that as of January 28, the You Fight, We Help initiative has received interest from 497,552 debtors, covering 576,496 accounts. The scheme aims to assist individual debtors and includes two measures, excluding direct registration with financial institutions. The first measure, Direct Payment, Asset Retention, targets home, car, and small SME loans with modest limits,…
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Can automation and AI be vital tools in Thai forex markets?
In Thailand’s rapidly evolving financial landscape, Forex is a vital channel for retail and institutional investors. In recent years, Thailand’s trading community has turned to algorithmic solutions and Artificial Intelligence (AI) for the foreign exchange market. Automated trading systems are increasingly seen as an indispensable tool, from advanced data analysis to machine learning algorithms. AI-driven solutions not only guarantee faster…
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Thai Airways: Ministry’s bid for more administrators rejected
The Central Bankruptcy Court has thrown out the Ministry of Finance’s bid to tighten its grip on Thai Airways’ rehabilitation, ruling that the current administrators are steering the airline’s recovery effectively. In a hearing yesterday, the court dismissed a proposal by the Ministry of Finance to appoint two additional administrators to oversee the struggling carrier’s rehabilitation. The bid aimed to…
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State Welfare Card applications to open by March
Applications for the State Welfare Card will open by the end of March, with low-income and vulnerable groups invited to register. The registration follows two years after the last round, which took place from September 5 to October 31, 2022. Julapan Amornwiwat, Deputy Finance Minister, announced that the details of the new registration for the State Welfare Card this year…
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GSB windfall: Bangkok man wins 40 million baht jackpot
A man from Bangkok became the lucky winner of a 40 million baht jackpot from a special one-year digital Government Savings Bank (GSB) bond. The GSB Society page congratulated Danai, the lucky winner, on this extraordinary prize, stating that the prize distribution was genuine and congratulating him on winning the substantial amount. Danai, a client from the GSB branch at…
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Thai woman left in debt after lending 880k baht to friend
A woman voiced her grievances on social media after lending 880,000 baht to a close friend nearly three years ago, only to have it remain unpaid. While her friend continues to live a comfortable life, she finds herself burdened with a high-interest loan. The incident came to light yesterday, January 20, when the woman shared her story online, revealing the…
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Tax cuts with a twist: SEZ businesses get a decade of ten-percenters
The Revenue Department is slashing corporate income tax to just 10% for businesses nestled in Thailand’s special economic zones (SEZs) for the next ten years in a stunning financial manoeuvre. The move, designed to inject life into these strategically positioned areas, is set to give them a major boost. Director General Pinsai Suraswadi revealed that this game-changing tax cut received…
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TrueMoney denies pre-installing app on mobile devices
TrueMoney recently addressed concerns following reports implicating the company in the pre-installation of its financial application on mobile phones. Ascend Money, which operates TrueMoney, clarified that the app is legally compliant and operates with the necessary business licences. TrueMoney holds an electronic payment service licence from the Bank of Thailand (BoT), while Ascend Nano is licenced for digital lending. The…
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Stay competitive in 2025 with Forex CRM provider Techysquad
Techysquad IT Infrastructure Co LLC is a Forex CRM provider that offers tools and services to help streamline interactions with active and potential clients, optimise conversions, boost trading activity, and increase customer lifetime value. Beat the competition in 2025 with Techysquad’s Forex CRM Techysquad offers brokers a powerful and comprehensive CRM solution that focuses on efficiency and scalability while providing…
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Bitcoin hits the beach: Thailand’s sizzling crypto coup in Phuket
Phuket is set to become a crypto paradise as Thailand trials a new payment system using cryptocurrencies, all in a bid to make it easier than ever for tourists to splash their cash. The architect behind this brainwave reckon it’ll not only put a smile on the face of tech-savvy travellers but will also give the nation’s tourism sector a…
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EC Markets takes centre stage as elite sponsor of iFX EXPO Dubai 2025
EC Markets, a global leader in CFD trading, is proud to announce its role as an elite sponsor of the iFX EXPO Dubai 2025, the foremost gathering for the trading and fintech community. Scheduled to take place from January 14 to 16, the event promises to be a hub of innovation, collaboration, and dialogue, drawing professionals from across the globe.…
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Elderly cash windfall: Thai govt handouts confirmed by January 29
The Thai government has officially confirmed that elderly citizens will receive their long-awaited 10,000 baht stimulus payments before January 29. Deputy Finance Minister Julapun Amornvivat, spilled the beans during a press conference at the Ministry of Finance today, January 7. “We assure you, the 10,000-baht payments will hit accounts before the deadline. The exact transfer date hinges on a final…
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BYDFi’s perpetual trading upgrade: Trading flexibility and asset security
BYDFi officially announced that the upgrade of the platform’s perpetual trading system has been completed. The upgrade not only improves core trading functionalities but also introduces three important functions of innovation and optimisation, which comprehensively improve users’ trading flexibility and asset security. Unrealised profits open new positions When a user holds a profitable position in the course of trading but…
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Gold rush hour: Steady prices spark buyer frenzy in Thailand
Today’s gold prices in Thailand hold steady, sparking a sense of urgency among potential buyers. According to the Gold Traders Association (GTA), gold jewellery is priced at 43,650 baht per baht weight, mirroring closing figures yesterday, January 5. As announced at 9am today, 96.5% pure gold bullion is being bought at 43,050 baht per baht weight and sold at 43,150…
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Good fortune: PM Paetongtarn’s assets exceed 13 billion baht
The National Anti-Corruption Commission (NACC) has disclosed a detailed account of the assets and liabilities of Thailand’s Prime Minister Paetongtarn Shinawatra, marking her ascension into office. The report reveals that the 38 year old PM holds assets worth over 13 billion baht, alongside liabilities amounting to more than 4 billion baht. The asset declaration includes a wide array of personal…
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Bangkok pawnshops cut interest rates by 20% for new year
Bangkok pawnshops have announced a special initiative to reduce interest rates by 20% for all loans, offering this as a new year gift to alleviate financial burdens for residents. The programme aims to spread happiness and ease expenses for citizens during the festive season. Chanathip L. Virapark, Director of the Pawnshops Office, revealed the initiative following a policy set by…
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Thailand eyes Phuket for bitcoin sandbox experiment
Thailand is edging closer to cryptocurrency adoption, with Finance Minister Pichai Chunhavajira dropping hints about extending the bitcoin sandbox experiment in Phuket. This bold move could position Thailand as a regional leader in digital currency innovation. “We are not suggesting replacing existing currencies with bitcoin.” Pichai emphasised the controlled nature of the trial. Under the sandbox model, bitcoin would be…
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Thailand’s credit card industry faces toughest challenge in 20 years
The credit card industry in Thailand is bracing for its most formidable challenge in two decades, a situation attributed to an anticipated weak economy next year, as highlighted by the Thai Bankers’ Association’s credit card club. Atis Ruchirawat, chair of the club, emphasised that the unsecured loan sector, encompassing credit cards and personal loans, has already felt the tremors of…
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Revenue department sees 2.1% rise in revenue collection
Collection by the Revenue Department has shown a notable increase in the first two months of fiscal 2025, with a 2.1% year-on-year growth. The surge is largely credited to initiatives aimed at integrating individuals outside the tax system into compliance, along with intensified measures against tax evasion. Director General Pinsai Suraswadi reported that in October, the department successfully collected 146…
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Techysquad’s award-winning Forex CRM Solutions
Driven by greater competition and increased regulatory scrutiny, the dynamic financial landscape is expected to continue its evolution in 2025. Amid the ever-increasing demand for personalised services, forex brokers must adapt to stay ahead of the curve. At the heart of this is a growing need for tailored customer relationship management (CRM) solutions, particularly those that cater to the specific…
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X Open Hub closes 2024 with broader liquidity pool, looks forward to 2025
Warsaw-listed multi-asset liquidity provider X Open Hub ends 2024 on a high note. Revealing an expanded liquidity offering, the company currently boasts a multi-asset pool spanning more than 5,000 OTC instruments. With a comprehensive multi-asset bundle of Forex, indices, commodities, shares, ETFs, and cryptocurrencies under its derivatives liquidity umbrella, X Open Hub seeks to meet the demands of an increasing…
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FBS helps traders turn 2025 resolutions into reality with Happy New Trade promo
Leading global broker FBS has just launched its promotional campaign Happy New Trade. The promo is designed to help traders turn their new year’s resolutions into reality. Running until January 26, 2025, the campaign offers participants the chance to achieve more, with exclusive rewards and thrilling opportunities waiting at every level. The Happy New Trade promo transforms trading into a…
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Gold prices hit the jackpot, investors rush for glittering gains
Gold hit the jackpot today as prices soared, leading to a flurry of action among investors. Luxury lovers found the price of gold jewellery skyrocketing to 43,550 baht per baht weight, sparking a golden scramble in the market. By the crack of dawn, at 9.01am, today, December 11, gold traders were already buzzing with news of price hikes: Gold bars…
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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,…
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