money
- Thai Life
How much do you need to live comfortably in Thailand?
Hosting 28.15 million tourists in 2024, Thailand is built to attract international attention. But with so many types of people in this city, do you ever wonder about how much they have to spend to live here? In this article, we will provide some insights into the cost of living in Thailand and, most importantly, how much you need to…
- Thailand News
Cyber police arrest Thai woman for illegal lending in Songkhla
Cyber police executed a raid on a residence in Songkhla to apprehend a woman involved in illegal money lending with a staggering interest rate of 15%. The operation uncovered weapons, land deeds, and multiple vehicles used as collateral. The investigation revealed a turnover exceeding 1 million baht. A team led by Jirawat Phayungtham, acting commander of the Cyber Crime Investigation…
- 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
Is Thailand considered a rich or poor country?
When you think of Thailand, it can be tricky to define whether it’s a rich or poor country. On one hand, it boasts skyscrapers, luxurious malls, and a booming tourism industry. On the other hand, you might also encounter rural areas where people live more modestly. So, is Thailand rich or poor? Well, the answer depends on how you look…
- Thailand News
Found fortune: Udon Thani man proves cash can’t buy character
A young man working at the VT Naem Nueang restaurant in Udon Thani has become a local hero after discovering a whopping 100,000 baht in cash lying on the street. Instead of pocketing the cash, he bravely handed it over to the police, hoping to reunite the money with its rightful owner, though he confessed he was seriously tempted to…
- Thailand News
Cash splash: Truck crash with 4.2 million baht, money still missing
A vehicle accident involving a pickup truck carrying 4.2 million baht in cash has led to a dispute and ongoing investigation into the missing money in Uthai Thani. The truck, driven by a local car broker, veered off the road and plunged into a pond near Wat Huai Khanang, located in the first village of Uthai Thani province. Rescuers and…
- Bangkok News
Bangkok taxi driver returns tourist’s lost bag with 75,100 baht
A taxi driver in Bangkok made headlines yesterday after returning a significant amount of foreign currency to an Israeli tourist. The taxi driver, 54 year old Wirat Soi-udom from Roi Et province, discovered a black handbag in his taxi, containing foreign currencies and documents. The bag belonged to Nathanel Avinoam, an Israeli national. Wirat had picked up Avinoam from Thanon…
- Lifestyle
5 ways to create passive income in Thailand
Ever thought about a scenario where your bank balance accumulates even when you are not actively working? This is a common aspiration and within the context of Thailand, it can become a reality with an array of opportunities available to achieve a consistent revenue stream. You have the option to invest in high-income portfolios, pursue a career in English teaching,…
- Thailand News
Man’s desperate plea for debt repayment of nearly 1 million baht
At the Mahachakrapad intersection in Chachoengsao yesterday, a man driven by desperation stood on a bridge with a sign pleading for the repayment of nearly one million baht, borrowed by a friend. This friend not only refuses to repay the debt but has also threatened legal action against him. The man displayed two handwritten signs addressed to the woman. “Dear…
- Technology News
How blockchain technology is transforming finance
Just imagine a world where your money is not only safe, but everything about it is transparent and cannot be tweaked or twisted. Sounds like a dream, right? Well, that’s where we’re headed thanks to the power of blockchain technology. This isn’t some sci-fi concept; it’s happening now. Blockchain acts as a shared ledger system and is shaking up the…
- Business News
Exim Bank of Thailand grows 7.05%, focusing on green lending
Exim Bank of Thailand reported substantial growth in its first-quarter operations for 2023, with significant strides in environmental, social, and governance (ESG) lending. The bank, led by Rak Vorrakitpokatorn, approved new loans amounting to 5,853 million baht, with outstanding loans and obligations increasing by 11,474 million baht, representing a 7.05% growth compared to the same period last year. Remarkably, ESG-related…
- Guides
10 Signs you’re spending money wrong
In a world where the allure of instant gratification often overshadows the virtue of financial prudence, it’s alarmingly easy to fall into the trap of mismanaging one’s finances. The subtle art of spending money wisely is lost on many, leading to a cycle of financial strain that seems inescapable. Recognising the signs of poor spending habits is the first step…
- Thailand News
Thai police bust illegal lender for extreme rates and data breach
Thai authorities apprehended 37 year old man at his residence for running an illegal money-lending enterprise that charged exorbitant interest rates of 8% per week. The operation, led by senior police officials, uncovered not only evidence of the illicit business but also a trove of personal data harvested from individuals, signalling a breach of Thailand’s Personal Data Protection Act. Yesterday,…
- Thailand News
Bangkok taxi driver returns bag containing US$3,310 and passports
A 51 years old taxi driver from Bangkok found himself in the spotlight after returning a passenger’s forgotten handbag, which contained a considerable sum of US$ 3,310 and two Myanmar passports. The incident took place on March 7, and it was reported to the public by FM91 Trafficpro yesterday. Songchai Chaiiam has a long-standing reputation for honesty, cultivated over his…
- Thailand News
Pattaya taxi operator finds and returns 64,800 Thai baht left on street
A taxi service operator in Pattaya found a bag containing a substantial amount of money at around 8.30pm yesterday, January 5. The operator, 58 year old Wilailak Pimnoy discovered a clear plastic bag filled with US$1,500 (approximately 54,000 Thai baht) and an additional 10,800 Thai baht. The found money, totalling 64,800 Thai baht, was on the street in front of…
- Thailand News
TikTok star defends marrying older man for his wealth
The viral story of a 25 year old woman’s marriage to a 55 year old man on TikTok resulted in a flurry of comments, many accusing her of marrying for money. The woman, who shares her life with her older husband on her TikTok account, tretippayanipasriwirak, responded to the comments with candidness. The woman’s life, filled with travels, gold purchases,…
- World News
Rat-ical savings scheme: Married man’s cash stash shredded by rodents
A married man was left in acute distress after his carefully hidden cash was shredded by rats. The man, who had tucked away a substantial sum of Vietnamese dong notes totalling around 500,000 (720 baht), discovered his savings in tatters, gnawed by rodents in the secluded corner of his home where he hid them. The unfortunate man had decided to…
- Thailand News
Counterfeit money scam shocks Thailand’s mobile top-up kiosk operators
A video circulating on social media platforms showing a successful mobile top-up using counterfeit money has rocked Thailand. The clip, posted on the Facebook page Want to Be Famous, will arrange it, Retrine part 6, has triggered concerns among kiosk operators offering top-up services. A 71 year old shopkeeper, known as Uncle Lek, from Moo 6, Saohonghin sub-district, Bangyai district,…
- China News
Chinese bride shocked by real amount in gift card from mother-in-law
A Chinese woman, who works for an Internet company, shared an unusual mother-in-law and daughter-in-law experience. After marrying her husband last year, the 28 year old Lin received a bank card as a gift from her mother-in-law but was shocked when she discovered the real amount of money in it. Lin revealed that her husband’s parents are government officials with…
- Thailand News
Cosmic cut-off: Thai student’s stellar space science event opportunity eclipsed by budget black hole
A Thai student selected by Japan for a space science event has missed the opportunity due to the Thai government‘s inability to fund the airfare. The National Science and Technology Development Agency’s (NSTDA) SPACE Education programme highlighted the situation. The Japanese programme, known as JAXA Asian Try Zero G, has conducted similar space science events for several years, inviting young…
- Thailand News
Money in the air after gold necklace sold by heartbroken Chinese man
A Chinese man surprised shoppers in Huizhou, Guangdong province, China, when he tossed cash in the air upon leaving a jewellery store after the sale of a gold necklace he had bought for his girlfriend. He then nonchalantly walked away without a second glance, leaving passersby astounded. The owner of the gold jewellery store, Wu, reported that the customer had…
- Thailand News
Money mishap:Thai woman’s 20 baht note goes ‘choo-choo’ in the frying pan
A Thai woman mistakenly fried a 20 baht banknote, resulting in a shrivelled and crispy note that sparked much mirth on social media asking whether a bank would accept it. A wave of humorous responses from netizens ensued after a Twitter user yesterday posted an image, from a life and family problems consultation group, where the woman sought advice, accompanied…
- Thailand News
Convenience store’s refusal to accept taped banknotes sparks online controversy
A recent online controversy erupted over a convenience store’s refusal to accept old banknotes, aggravating customers and sparking heated debate among netizens who pointed out that such notes remain legally valid unless damaged. The main reason for the refusal was due to the banknotes being heavily taped. Today, a social media post was shared by a member of the พวกเราคือผู้บริโภค…
- Thailand News
Police launches special probe into suspect ‘Nok’s’ bidding capers amidst murder inquiry
A special investigative team has been established by the Royal Thai Police to delve into the alleged bidding price manipulation by two businesses owned by Praween Chanklai, also known as Nok. Nok is an alleged suspect in the recent murder of a highway police officer. The investigative team is composed of officials from various departments including the Revenue Department, State…
- Thailand News
Lost and pound: Forgotten banknotes surface during house renovation revelation
A treasure trove of old banknotes, forgotten by their 90 year old owner, was discovered in a myriad of plastic bags during a house renovation. The elderly woman, Kang, had been living alone in her dilapidated home when her grandchildren began preparations to replace it with a sturdier three-storey structure, leading to this unprecedented banknote discovery. Kang’s 89 year old…
- Thailand News
Fare play: Bangkok taxi driver bucks trend, returns 400,000 baht to passenger
A Bangkok taxi driver put the breaks on the capital’s bad boy cabbie reputation after he returned nearly 400,000 baht to a Bangladeshi passenger. There’s not a day that goes by without a story breaking of one of Bangkok’s bad boy taxi drivers ripping off customers, refusing to service or turn on meters, brawling with passengers or even masturbating. One…
- Thailand News
Three year savings amass over 100 million dong inspiring netizens
A Vietnamese man has gone viral on social media after breaking open his piggy bank that he had been filling for three years. The amassed amount was deposited at the bank, with the counting process alone taking the staff nearly an entire afternoon. The content was initially posted on the TikTok account VL97, later creating a buzz where Internet users…
- World News
Memory mishap: Dementia-stricken wife cuts husband’s life savings to shreds
An elderly Chinese woman, who suffers from dementia resulting in memory loss, took a pair of scissors to her refuse collector husband’s life savings of 100,000 yuan (485,000 baht). The irony of her husband’s savings being reduced to refuse was not lost on him. A video of a Chinese woman from Heyuan City of Guangdong province in China has been…
- Thailand News
2 Chinese and 17 Thais arrested for illegal money lending apps
On Thursday, Thai police reported the arrests of two Chinese citizens and 17 Thais for operating several illegal money lending applications charging interest rates of 2,080 percent per year. The Center for Countering Abuse by Loan Sharks of the Royal Thai Police investigated more than 40 illegal money lending applications after numerous victims filed complaints in the last 12 months.…
- Economy News
Thai baht soars to six-month high against US dollar
The Thai baht opened at 34.78 against the US dollar today, strengthening from yesterday’s close of 35 to a six-month high. The baht’s sudden rise is down to the Bank of Thailand’s (BOT) hiking the policy rate by a quarter point earlier this week. The BOT remains committed to a gradual monetary tightening policy, raising the policy rate from 1%…
