BANGKOK – The Bank of Thailand (BoT) has detected multiple unusually large cash withdrawals, including a single case totaling 250 million baht, raising concerns over possible illicit financial activities. Governor Vitai Ratanakorn announced on Wednesday that the central bank is intensifying efforts to curb grey-market transactions and the informal economy, which threaten economic stability. Thailand […]
BANGKOK – Thailand’s economic growth is projected to slow significantly over the coming years, with the International Monetary Fund forecasting a deceleration to 2.1% in 2025 and a further decline to 1.6% in 2026. The warning came during the IMF’s 2025 Article IV Consultation, which highlighted rising economic risks and persistent structural challenges despite stronger-than-expected […]
The Thai baht is projected to weaken further this week, potentially sliding to 33.80 against the US dollar, as the greenback gains strength following a temporary easing in the US-China tariff dispute. However, analysts warn that the currency is likely to remain volatile in the near term. Thai baht hits 19-month high against USD today […]
The Bank of Thailand cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday, in a move to support an underperforming economy facing uncertainty over steep US tariffs. Thailand’s Central Bank Cuts Policy Interest Rate to 1.5 % The Monetary Policy Committee voted 5-2 to reduce the one-day repurchase […]
Phuket, Thailand – A Russian woman is under investigation for allegedly exchanging counterfeit U.S. Dollar banknotes at local currency exchange outlets and businesses in Phuket. Phuket Police Investigate Foreign Tourists Over Fake $50 Bills at Currency Exchange The case came to light on the evening of March 23rd, when Ms. R., a 53-year-old Russian tourist, […]
Phuket, Thailand – Authorities are investigating two foreign female tourists suspected of using counterfeit US currency at a money exchange in Cape Panwa. The incident, reported on Saturday, March 22, 2025, has raised concerns about fraudulent banknotes circulating in Phuket’s tourist areas. Fake 100 baht bills found in Lampang The seized bills were taken to […]
Pattaya – A Turkish man reported to the police that he lost his money after inviting a woman from Pattaya Beach to join him on Valentine’s Day. Alleged Foreign Prostitute Steals from French Tourist in Phuket Pattaya City Police informed the Phuket Express that the victim, identified only as Mr. N. filed a report at […]
BANGKOK, Sept 17 (TNA) – The government has announced a one-time cash handout of 10,000 baht for all state welfare cardholders and disabled people. Thai Government to Roll Out 10,000 Baht Cash Payments in Digital Wallet Scheme The payments will begin on Sept 25 and are expected to cost the government approximately 145 billion baht. […]
