money
- 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
BoT urges usage of older banknotes for special occasions
The Bank of Thailand (BoT) urged consumers to use existing banknotes for special occasions instead of requesting newly printed ones. This request comes as the circulation period of banknotes has extended due to the rise in digital payments and improved banknote quality. Currently, the first-in, first-out cycle for banknotes means they stay in circulation about 10% longer than before. The…
- 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…
- 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
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
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…
- 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,…
- 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
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
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
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…
- 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.…
- 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%…
- 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…
- Travel
Common jobs for foreigners in Thailand 2022
Thailand is a great place for everyone, from families to backpackers to retirees and those who want to work here. There are a lot of people who have fallen in love with the country and never left. After two years of pandemic, Thailand is slowly opening up and we believe that once the dust has settled, there will be plenty…
- 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…
