savings
- Crime News
Police pursue school director’s daughter for 15 million baht fraud
Police are set to issue a summons for the daughter of a school director involved in a fraudulent savings scheme that has swindled over 15 million baht. The family maintains they were unaware of her actions, and her whereabouts remain unknown. A significant case emerged in Ban Kruat district, Buriram province, where local traders presented evidence, including chat messages and…
- Thailand News
Retirement Lottery age limit extended to 70 in Thailand
The National Savings Fund (NSF) is set to revise the conditions for the Retirement Lottery, extending the purchasing age to between 61 and 70 years. The new rule stipulates that the money must remain in the account for 10 years before it can be withdrawn as cash. In the event of the buyer’s death before the 10 years, the funds…
- Business News
Thailand launches retirement lottery to boost savings for low-income earners
The Cabinet has introduced a new savings initiative for low-income individuals titled the retirement lottery, which offers enticing prizes to encourage saving. Deputy Finance Minister Paopoom Rojanasakul announced the Cabinet’s approval of this measure, aimed at bolstering savings under the National Savings Fund (NSF) through the Retirement Savings Lottery project. The NSF will amend relevant sections of its Act to…
- Thailand News
Thailand proposes retirement savings lottery to combat poverty
Thailand faces a growing issue of an ageing population entering retirement without sufficient savings. This problem is exacerbated by the country’s rapid transition into an aged society, and cannot be resolved merely through increased budget allocations for elderly allowances. Deputy Finance Minister Paophum Rojanasakul announced that the Ministry of Finance is considering a new policy called the Retirement Savings Lottery.…
