Thai banks to charge 1% for overseas withdrawals
From May 1st, Thai commercial banks will charge their customers a 1% Dynamic Currency Conversion (DCC) fee for making cash withdrawals abroad. A similar fee will also be levied on…
Over 147,000 people sign up for Thailand’s debt relief programme
The registration, which opened on December 1, will end on Thursday (February 29), he added, urging people who have debt problems to hurry up and register. The registration is part…
Money hungry dog eats $4,000 in cash
A money-hungry pooch was in the dog house for chewing up $4,000 (£3,153) cash that his owners had left out. Cecil, a goldendoodle from Pennsylvania, has gone viral for snacking…
Thailand revenue from tourism in 2023 breaks through the 1 trillion THB barrier
The Ministry of Tourism and Sports announced that the number of foreign tourists arriving in Thailand has reached 25.7 million since January 1, 2023, generating revenue of 1,098,082 million baht,…
Public prosecurors charge Thai Senator Upakit with money laundering and drug trafficking
Public prosecutors also slapped charges of possessing the illicit drug ketamine for sale, involvement in money laundering while serving as a senator, association with a transnational criminal organisation in committing…
Thai baht becoming volatile amid rising household debt
Interest rates in emerging economies trailing their advanced peers, including the US, is boosting currency volatility and posing challenges to exchange rates and capital flows, according to Bank of Thailand…
Former Crypto Billionaire Sam Bankman-Fried, found guilty of fraud and money laundering at the end of a month-long trial in New York.
The jury delivered its verdict after just a few hours of deliberations and was under no illusion when it came to finding him guilty. It concludes a stunning fall from…
Thai households with low incomes
According to a recent study, the average monthly income for severely low-income households with school-aged children in Thailand is 1,039 baht, or 34 baht per day in 2023. This indicates…
Government provides plans to lower household debt.
According to deputy government spokeswoman Rudklao Suwankiri, the administration wants to reduce household debt to less than 80% of gross domestic product (GDP) while also providing numerous debt-settlement options to…
Online gambling should be legalized to increase government revenue
According to Deputy Prime Minister Somsak Thepsutin, legalizing online gambling will enhance tax income. Prior to Tuesday’s cabinet meeting, Mr. Somsak, who is in charge of the Justice Ministry, was…