money
- 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…
- Business News
BoT may adjust policy due to economic changes and challenges
The Bank of Thailand (BoT) may revise its monetary policy if economic changes in the landscape and structural challenges significantly lower its long-term potential growth, disclosed BoT Deputy Governor Alisara Mahasandana. This follows governmental pressure on the central bank to decrease interest rates. Alisara, speaking from the International Monetary Fund (IMF) and World Bank Spring Meetings in Washington, highlighted that…
- 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
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,…
- Thailand News
Thai man saves 300,000 baht in six months by stocking 50-baht notes
A 33 year old man named Thana Benjasak has made an inspiring impact on social media with his unique savings method. Thana, a breeder of Siamese fighting fish residing in Klong Chuk Chae, Chachoengsao, has managed to amass nearly 300,000 baht (US$8,727) in just six months by saving 50-baht notes. Thana’s saving journey began when he saw a TikTok video…
- 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…
- 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
Rayong man hides 500 baht from wife under police booth
A seemingly furious man was found rummaging under a police checkpoint in Rayong, revealing a new dimension to hiding money from his wife. When his secret was uncovered, he claimed he would need to find a new hiding place. At 4pm yesterday, Deputy Superintendent of Rayong City Police, Woradet Phongthong, and Police Lieutenant Pachar Sangngoen, were informed of a man…
- 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
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…
- Press Room
Win 150,000 baht in prizes in DeeMoney’s short ad campaign
DeeMoney invites everyone to participate in the short advertising entries campaign on TikTok with the hashtag #DeeMoneyOWNDEEChallenge. Feel free to express your creativity for a chance to win a variety of prizes, totaling 150,000 Baht. The objective is to raise awareness among the target audience and the wider public through TikTok. SawasdeeShop, the leading Thai fintech company specializing in cross-border…
- 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
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
Former monk denies embezzling 180 million baht from Nakhon Ratchasima temple
A former monk and two other individuals have been arrested on suspicion of embezzling 180 million baht from Wat Pha Dhammakiri in Nakhon Ratchasima. The accused ex-monk, Khom Khongkeaw, previously known as Phra Ajarn Khom Abhivaro, denies the allegations. During police questioning, Khom and his sister claimed that the money was used for “other purposes,” and that they had no…
- 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.…
- Thailand News
20 baht notes printed with errors, says Bank of Thailand
A batch of 20 baht banknotes have been printed with errors, the Bank of Thailand (BOT) said yesterday. The BoT said the Thai numerals were printed mismatching the Arabic numerals. People can still use the misfit banknotes until they are fully removed from the system, Thai media said. The company De La Rue (DLR) International Limited said that there was…
- World News
Kasikornbank bank buys 67% of Indonesian bank, Bank Maspion
One of Thailand’s premier banks, Kasikornbank, has purchased majority shareholding in Indonesian bank, Bank Maspion, for US$220 million. The agreement should be completed by the end of the year, with Kbank owning 67.5% of Maspion shares. Two years ago, rival competitor Bangkok Bank splashed almost US$2.3 billion baht in an Indonesian bank, Bank Permata. Following a plan to spend US$20…
- Thailand News
Prison guard under investigation for blackmail
After a guard at the Thonburi Women’s Correctional Institute in Bangkok was suspected of corruption and bribery, an investigation is now underway. In return for alleged special treatment, the guard wanted money from the family of a prisoner. The guard, who has not been named, is now suspended during the investigation and will be fired if proven guilty. Somsak Thepsuthin,…
- Travel
City Guide: How to open a bank account in Thailand 2022
Opening a bank account in Thailand is important if you’re going to stay here for the long run. Expats frequently have trouble opening a bank account or are uninformed about the process. This’s where we come in… Having a Thai bank account can help you manage your finances more effectively, including sending and receiving money from overseas. Obviously, it’s necessary…
- Sponsored
How cross-border payments fintechs like DeeMoney are empowering the gig economy
Press Release Even before COVID-19 changed the world of work forever, there was a trend towards a greater reliance on freelancers. In fact, they now make up 35 per cent of the global workforce – that’s about 1.1 billion people. Unsurprisingly, that number has been skyrocketing during the pandemic, with a growth of 24% recorded in just a single quarter…
- Thailand News
Say goodbye to your PayPal account from March 7, services to relaunch in Thailand
Got a PayPal account? Withdraw your remaining balance into your bank account. PayPal is relaunching its services in Thailand. Starting next month, customers in the country will not be able to use their PayPal wallets to shop online. They will also not be able to make a new account until further notice. Casual sellers and entrepreneurs of non-registered businesses will…
- World News
Citi to sell consumer banking business in Southeast Asia to Singapore’s United Overseas Bank
Citigroup announced on Thursday its agreement to sell its consumer banking operations in Thailand, Malaysia, Indonesia and Vietnam to United Overseas Bank (UOB) for approximately US$2.97 billion. UOB stated that as part of the agreement, it will acquire Citi’s retail deposit divisions, loan portfolios and wealth management, in the four countries’ consumer banking sectors. “We are excited to announce this…
- Economy News
Thai baht performs worst of all Southeast Asian currencies
Among common currencies in Southeast Asia, the Thai baht was the worst performing in the first quarter of 2021, mostly due to Covid-19’s effect on tourism in Thailand. This week the baht hit its lowest point in half a year, falling 4% against the US dollar to 31.24. The decline was the sharpest in all of the Southeast Asian nations.…
- Thailand News
Thailand News Today | Pattaya bank scam & Burmese coup update | February 2
CORRECTION: In the first story Jett referred to a Chinese man losing 130 billion baht. The correct amount was 130 million baht. We apologise for the error. Hundreds, perhaps more than 400, investors have been defrauded by a bank manager at a Kasikorn bank branch in Pattaya. The manager, named in a police report as “Mr. Gob”, was promising investors…
- Visa Information
Thailand Retirement and Digital Nomads – Missed visa opportunities | VIDEO
Two visas Thailand should be promoting right now! If there were two more groups, more perfect suited for the Thai lifestyle, I don’t know what they are. Thailand’s immigration laws for long-stays have always been a challenge, retirement is just one of those categories. It would seem like a perfect win win situation to invite people to come and live…
