financial
- Press Room
Super Satang: Revolutionizing Youth Financial Literacy in Thailand
The crisis of financial literacy in Thailand has reached crisis proportions, with startling statistics revealing a perilous landscape. Alarmingly, household debt has risen to 85% of the nation’s GDP, and an astounding 76% of the population plays the lottery, frequently at the expense of their financial stability. Against this bleak backdrop, Bangkok Patana School senior 17 year old Krishaan Phlaphongphanich,…
- Business News
World Bank’s growth forecast dips in East Asia: A downward spiral
The World Bank‘s most recent semi-annual report reveals a downward revision in growth predictions for developing economies across East Asia and the Pacific for the years 2023 and 2024. This downward adjustment can be attributed to various factors, including the constraints imposed by tighter financial conditions and the ongoing challenges within the global economic environment. According to the report, the…
- Economy News
UOB report uncovers economic concerns and investment trends in ASEAN nations
The United Overseas Bank (UOB) released a significant report revealing the current economic sentiments of citizens and businesses across five ASEAN nations – Singapore, Malaysia, Indonesia, Vietnam, and Thailand. Two days ago, Yuthchai Tayaratchakul, the Executive Vice President of UOB, provided a statement regarding the ASEAN Consumer Sentiment Study (ACSS). The UOB report aimed to shed light on the top…
- Phuket News
Phuket Airport taxi turmoil: Grab’s entry drives cabbies to complain
Phuket’s International Airport taxi drivers filed an official complaint about reduced income following the inclusion of Grab as an authorized service at the airport, effective from last Friday, September 1. The complaint was submitted by Chukiat Panyawai, President of Phuket Business Car Service Cooperative Limited, to Rewat Areerob, President of Phuket Provincial Administration Organisation (PPAO), on September 6. Members of…
- Economy News
Tisco ESU advises focus shift to debt instruments amid market instability
Amid global stock market turbulence, financial analysts at Tisco’s Economic Strategy Unit (Tisco ESU) are advocating that investors pivot their focus towards debt instruments for potential high-yield returns. The ongoing pressures from elevated bond yields, coupled with the weakening economies in the US and Europe, are some of the contributing factors exerting pressure on the financial markets. The ongoing macroeconomic…
- Thailand News
Emergency services funding delay leads to Thai rescue groups suspending operations
In the northeast of Thailand, numerous rescue organisations have decided to halt their complimentary emergency services, attributing this drastic measure to the absence of financial backing from the National Institute for Emergency Medicine (Niem). The organisations report that they have been unable to access emergency services funding for a continuous span of eight months. Pisit Pongsirisupakul, the vice-chairman and secretary-general…
