money
- Bangkok News
Find an abandoned car in Bangkok, get half the fine
Want to make a couple thousand baht? Find a car that’s been abandoned on Bangkok’s streets. Hundreds of cars parked and forgotten about are being removed in an effort to clean up the city. Those who help out by reporting an forgotten car will get half the fine. The owners of the abandoned cars face a 5,000 baht fine, so…
- Economy News
Price of gold rises but investment not without risks
A leading investment research firm says the price of gold is on the rise, with predictions bullion could reach US$2,000 an ounce. Chayanee Juengmanon from Morningstar Research Thailand says one exchange-traded fund favoured by most domestic gold mutual funds, recorded net inflows of over $20 billion within the last year, a 30% increase in the value of its assets. gold…
- Crime News
Dozens arrested in money laundering and drugs case
61 people have been arrested in one of Thailand’s biggest money laundering cases of the year, said to be worth more than 10 billion baht. The suspects are believed to be part of a drug syndicate and money laundering network, allegedly run by a 45 year old Chinese man identified as “Chien Ma,” who was caught earlier in Bangkok. Provincial…
- World News
Justice minister targets drug money laundering
With the government struggling to find revenue streams for its economic stimulus plans to rebuild an economy battered by Covid-19, Thailand’s justice minister thinks he has an idea to help. He wants authorities to target businesses that launder drug money from the Golden Triangle and has set a target of 1.5 billion baht by August. The minister says anti-drug forces,…
- Covid-19 News
Thai money changers now asking for government help
In a shocking reversal of fortune, money changers in Thailand, crushed by the the twin impacts of Covid-19 and the nationwide inbound flight ban, are asking for government assistance. The catastrophic drop in tourist numbers, (76.4% in March, and expected to be near 100% for April) has forced the The Thai Association of Foreign Exchange to ask the government for…
- Covid-19 News
Central bank gives advice on disinfecting cash
The Bank of Thailand has announced today that all Thai citizens should clean all banknotes and coins to help contain the spread of the virus and ensure that the bank notes are not contaminated with the Covid-19 virus. The BoT says notes can be disinfected by briefly soaking them in a soapy solution or a dishwashing liquid. Then the notes…
- Bangkok News
Bangkok “auntie” arrested for robbing cabbies
An “auntie” in Bangkok has finally been arrested after stealing money from numerous taxi drivers. Police arrested 55 year old Nongnuch Pimsuan of Kanchanaburi province at around 5pm yesterday. The suspect had an arrest warrant in her name from the Taling Chan Court. Police were notified as early as February 4 that a passenger had stolen 1,400 baht from a…
- World News
Nium partners with Visa for new instant money transfers in SE Asia
‘Nium’, a new digital cross-border payments platform, will now enable users to make real-time money transfers to Visa debit cardholders across Southeast Asia including Viet Nam. It is based on Visa’s real-time push payments solution called Visa Direct. Nium is the first fintech-based money transfer service provider in Southeast Asia to offer instant money transfer through recipients’ 16-digit Visa debit…
- Business News
SE Asian banks slowly giving way to e-payments and payment apps
PHOTO: starbucks.com That cold, hard cash in your pocket, and the traditional shop-front banks that give it to you, are slowly being phased out and replaced with e-payments. It’s now expected that traditional banks in South east Asia will miss out on as much as US$5 billion, or 14.3% of their payments revenue by 2025. A report says they are…
- Economy News
Thai baht dips after rate cut
The baht continued losses yesterday after the Thai central bank cut interest rates. Other Asian currencies dipped as markets assess the latest details of the US-China tariff talks. The Bank of Thailand cut rates for the second time this year, with the benchmark one day repurchase rate now at a record low, as the bank tries to manage inflation and…
- World News
Indonesia’s burning issue – controlling the palm oil giants
PHOTOS: Donny Sophandi and AFP A brutal Indonesian forest fire season blanketed some of south east Asia in choking smog is renewing scrutiny of the country’s major palm oil and paper companies. Activists are accusing them of breaking promises to halt logging. The monster plantation blazes sent a pall of acrid smoke over the region for weeks, closing schools and…
- Crime News
Phuket police tracking down snatch & grab thief
PHOTOS: Phuket Hotnews A couple from Malaysia, 44 year old N Shiyamala Navaratnam and 45 year old Sivakumar Patchymuthu, reported to Saku police that they had been robbed near Nai Yang Beach, near the Phuket Airport. The incident happened on August 8. They told police they were riding a motorcycle heading back to their hotel between the beach road and…
- World News
Cambodian petrol station attendant shot in Nakhon Ratchasima
A Cambodian working at a Thai petrol station has been shot in Nakhon Ratchasima. He was resting, sitting at a table at the time of the incident. The shooting took place on July 27 around midnight in the Pak Thong Chai district. The 30 year old Cambodian worker was shot in the head from behind by a young Thai man,…
- Tourism News
13 Bangkok passengers refused entry into Thailand by immigration police
PHOTO: Naew Na Region 2 immigration police at Suvarnabhumi airport report that they denied entry to 13 foreigners who weren’t able to provide proof of funds to support their travelling whilst visiting Thailand. Immigration officials claim the ‘tourists’ were not visiting Thailand for tourism. Apart from not being able to provide evidence of sufficient funds, the arriving passengers didn’t have…
- Thailand News
Toon takes to Thailand’s roads again for more charity runs
Artiwara “Toon” Kongmalai is one of Thailand’s most popular rock stars and celebrities. He fronts the band ‘Bodyslam’. He’s also become somewhat of an inspirational fund-raiser, principally running to raise awareness of Thailand’s health system and raise funds for the poorer hospitals and provinces. In 2017 he famously ran from from the southernmost to the northernmost tips, raising money for some…