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  • GRC decorative panel falls from Pattaya high-rise injuring tourist

    A GLASSFIBRE reinforced concrete (GRC) decorative panel fell from a luxury condominium in Khao Phra Tamnak area of South Pattaya

    The post GRC decorative panel falls from Pattaya high-rise injuring tourist appeared first on ThaiResidents.com - Thai Local News - Thai News.

    A GLASSFIBRE reinforced concrete (GRC) decorative panel fell from a luxury condominium in Khao Phra Tamnak area of South Pattaya last evening (May 28) injuring an Australian man holidaying there, TV Channel 7 and Thai Rath newspaper said.

    Injured when the GRC panel fell from the building’s 38th floor was Mr. Paul Denis Smith with more than 10 vehicles and motorcycles parked there also damaged by debris.

    The tourist sustained injuries on his head, ankles and abrasions on his body.

    A number of officials, including Pattaya City Mayor Poramet Ngampichet, Bang Lamung District Chief Patcharaphat Sritanyanon and Superintendent of Pattaya City Police Station Pol. Col. Anek Sarathongyu went to inspect the building and found that the GRC panel fell and hit the ground near the swimming pool with debris then scattering to the parking lot.

    Pramet said the building structure is still strong but ordered the juristic person to quickly dismantle the remaining three GRC panels to prevent a repeat accident.

    The juristic person was told to take responsibility for medical expenses of the injured tourist and other damage incurred.

    This GRC panel was previously photographed as having been damaged but had not been repaired. This then led to the panel falling and hitting the steel-structured roof above the chairs at the swimming pool and not directly hitting tourists.

    Mr. Wiraphon (surname withheld), 59, said he was swimming in the pool when he noticed the GRC panel falling with tourists there all running for their lives in panic. He too quickly got out of the pool and ran for his life.

    Top photo: TV Channel 7

    This report was originally published by www.thainewsroom.com

    The post GRC decorative panel falls from Pattaya high-rise injuring tourist appeared first on ThaiResidents.com - Thai Local News - Thai News.

    30 May 30 2025
    PROPERTY
    https://thairesidents.com/?p=51375
  • Indian man held for robbing downtown money exchange shop

    A WELL-MANNERED thief who gave a wai after pulling a fake pistol to rob a money exchange shop on Silom

    The post Indian man held for robbing downtown money exchange shop appeared first on ThaiResidents.com - Thai Local News - Thai News.

    A WELL-MANNERED thief who gave a wai after pulling a fake pistol to rob a money exchange shop on Silom road and getting 93,000 baht following five other failed stickups in this area was arrested today (May 27), Thai Rath newspaper said.

    Metropolitan Police Bureau Chief Pol. Lt. Gen. Sayam Boonsom led a team to arrest Mr. Aman Siddiqui, 23, an Indian national, on charges of nighttime robbery with firearm, using a vehicle in carrying out a crime and possessing a firearm and ammunition without permission and carrying it in public, in Charoen Nakhon road area with 50,000 baht found as evidence.

    At 7.30 p.m. last night Bang Rak police station got reports of robbery attempts at many shops with the last two being a money exchange shop on road Suriwong road, where the robber did not get any cash, and finally did so at a money exchange shop on Silom road, walking away with 93,000 baht.

    The robber was described as being around 180 centimetres tall, tanned, with short black hair and a beard, and wearing a black hoodie, black pants and black sneakers. He rode off on a black motorcycle towards Sala Daeng intersection.

    Investigation showed that the suspect attempted six robberies, three times in Yanawa police station jurisdiction, once in Wat Phraya Krai police station zone, and twice in Bang Rak police station zone but only getting cash the final time.

    Upon tracking down the suspect to his residence with surveillance camera clips and getting a warrant to search it, the police team arrested him after finding 50,000 baht there.

    The suspect initially refused to confess but aside from the money police also found the clothes he wore on the day of the robbery and the motorcycle he rode during the attempted robberies. He said the cash was his own savings and he brought it along on this trip to spend on Thai women.

    Police said the pistol he used was a fake one and he was later taken for crime reenactment at all six places.

    The staff member at the Silom money exchange shop told reporters that the robber came in pretending to exchange money but instead drew a pistol and placed it on the table. He got scared but did tell him he didn’t have any money, but he kept threatening him.

    He first gave him some hundred baht notes but the robber said, “give me the money first then call the police,” so he gave him a bundle of 500-baht notes.

    Before leaving the robber gave him a wai then thanked him and apologised.

    Photos: Thai Rath

    This report was originally published by www.thainewsroom.com

    The post Indian man held for robbing downtown money exchange shop appeared first on ThaiResidents.com - Thai Local News - Thai News.

    29 May 29 2025
    AROUND TOWN
    https://thairesidents.com/?p=51371
  • Rayong district badly flooded after hours of morning rain

    This report was originally published by www.thainewsroom.com   RAYONG’S Ban Khai district got heavily flooded in many areas today (May 27)

    The post Rayong district badly flooded after hours of morning rain appeared first on ThaiResidents.com - Thai Local News - Thai News.

    This report was originally published by www.thainewsroom.com

     

    RAYONG’S Ban Khai district got heavily flooded in many areas today (May 27) after torrential rain lasting over four hours from 5 a.m. to 9 a.m. lashed this area and while the rain has begun to ease and stop, the floodwater level remains high, Naewna newspaper said.

    Flooding has spread to many important areas of this district with floodwater gushing down the road in front of Nong Lalok Subdistrict Administrative Organisation. Although vehicles could still pass, drivers had to go through very cautiously.

    There is also floodwater waiting to be drained out in front of  Ban Khai Hospital with drivers again having to be extra careful.

    Many houses in this district have been flooded, damaging their property, while behind Wat Mai Krabok Khuen Phueng, Bang But subdistrict,  a mass of water from high areas quickly flowed into the flooded plain.

    The situation is particularly worrying in Soi Nong Mapring, Ta Khan subdistrict, with this being a 2.2-kilometre alley next to Nein-Chak Bok road and flooding high a kilometre down from the entrance with floodwater also flowing into many houses. Residents said this area gets flooded every year, but inundation is more severe this year because it has been raining for several days in a row.

    Although flooding causes difficulties, it is also an opportunity for local people to catch fish and prepare a special menu called  “spicy fried fish fry” with ingredients only found during floods.

    While the rain eased by 10 a.m. today, floodwater will only gradually drain out and the situation then returning to normal.

    Photos: Naewna

    This report was originally published by www.thainewsroom.com

    The post Rayong district badly flooded after hours of morning rain appeared first on ThaiResidents.com - Thai Local News - Thai News.

    28 May 28 2025
    LOCAL
    https://thairesidents.com/?p=51367
  • British robbery suspect arrested at Koh Samui

    A BRITISH man wanted for robbery with violence in his home country was arrested at Koh Samui today (May 26)

    The post British robbery suspect arrested at Koh Samui appeared first on ThaiResidents.com - Thai Local News - Thai News.

    A BRITISH man wanted for robbery with violence in his home country was arrested at Koh Samui today (May 26) but denied all charges during initial questioning, TV Channel 7 said.

    Local and Crime Suppression Division police jointly arrested Mr. Kieran, 38, at Bo Phut subdistrict of this tourist island after UK’s National Crime Agency (NCA) had asked Thai authorities to track down and extradite the suspect.

    Thai police found out that Kieran was staying at a house in Bo Phut area with his Ukrainian girlfriend. After collecting evidence they got a search warrant from Koh Samui Provincial Court to arrest him.

    When they arrived, they found that the couple had left the house on a motorcycle so they followed them until they parked at a pier in this same subdistrict then apprehended the suspect.

    The police team coordinated with the Office of the Attorney-General and UK’s National Crime Agency in taking the British suspect for legal proceedings.

    However, the suspect denied all charges during initial questioning.

    Photo: TV Channel 7

    This report was originally published by www.thainewsroom.com

    The post British robbery suspect arrested at Koh Samui appeared first on ThaiResidents.com - Thai Local News - Thai News.

    27 May 27 2025
    LOCAL
    https://thairesidents.com/?p=51362
  • “AI Transforms Thai Auto Industry – TAI and RX Tradex Launch Automotive Summit 2025”

    The Thailand Automotive Institute, in collaboration with RX Tradex, is organizing the Automotive Summit 2025, a premier automotive conference under

    The post “AI Transforms Thai Auto Industry – TAI and RX Tradex Launch Automotive Summit 2025” appeared first on ThaiResidents.com - Thai Local News - Thai News.

    The Thailand Automotive Institute, in collaboration with RX Tradex, is organizing the Automotive Summit 2025, a premier automotive conference under the theme “AI4AI: Artificial Intelligence for Automotive Industry.” This high-profile event will explore how artificial intelligence is driving the future of mobility, featuring top-tier experts decoding global technology trends, redefining business strategies, and revealing investment opportunities in an era where AI has become a central engine for the transformation of the global automotive industry. The event will take place June 18–21 at BITEC, Bangkok.

              Dr. Kriengsak Wongpromrat, President of the Thailand Automotive Institute, stated that Thailand remains one of the world’s leading automotive production bases, ranking 10th globally, 5th in Asia, and 1st in ASEAN for four consecutive years. With an industry value of over 350 billion Baht and a supply chain involving more than 2,400 companies, Thailand is a key player despite a 20% production decline in 2024 to 1.47 million vehicles. Domestic car sales dropped 26% to around 570,000 units, while exports decreased 9% to 1 million vehicles, largely due to economic issues such as household debt and pricing competition. However, recovery is expected in 2025, with projected production reaching 1.5 million vehicles, as exports continue to play a significant role amid an increasingly competitive market landscape.

    Thanks to strong domestic demand and government incentives, Thailand has attracted significant investment in electric vehicle (BEV) production – particularly from Chinese automakers – with a total investment exceeding 100 billion Baht and an annual production capacity of over 500,000 BEVs. These developments mark a milestone in promoting environmentally friendly mobility while modernizing traditional auto manufacturing to reduce pollution and environmental impact. The government has approved incentives for hybrid electric vehicle (HEV) and mild hybrid electric vehicle (MHEV) production, with conditions to use locally made components and implement at least 4 out of 6 advanced driver assistance systems (ADAS), including technologies that integrate sensors, LiDAR, radar, cameras, and software.

    This marks the rise of software-defined vehicles (SDVs), where “software technology” plays a pivotal role in vehicle development. Artificial Intelligence (AI) has become increasingly adopted across the global automotive industry, with the AI automotive market expected to grow from USD 7 billion in 2024 to USD 19 billion in 2034, averaging over 10% annual growth.

    The Automotive Summit 2025 will be held under the visionary theme “AI4AI: Artificial Intelligence for Automotive Industry,” spotlighting the transformative power of AI in propelling the mobility sector into the future. This high-level academic seminar aims to provide participants with an in-depth understanding of how artificial intelligence is being harnessed to revolutionize the automotive landscape.  This leading seminar will highlight the practical benefits of AI across three core dimensions: its application in vehicles, in production processes, and within the modern automotive ecosystem-especially through technologies such as autonomous vehicles, automated production, and intelligent transport systems (ITS).

    The Summit will showcase global AI applications in the automotive sector, convening over 16 leading public and private organizations, both domestic and international. Experts from countries including Germany, China, Japan, and India will offer diverse perspectives on AI’s impact on the automotive future. Key contributors include Kagawa University, the China Automotive Technology and Research Center Co., Ltd. (CATARC), KPIT, a global leader in automotive software solutions and the Thailand Development Research Institute (TDRI). These thought leaders will share valuable insights and experiences at a depth not seen in recent years. The organizers extend sincere thanks to the Ministry of Industry, Adient & Summit Corporation Ltd., Autoliv (Thailand) Ltd., Hitachi Astemo Asia Ltd., ZEEKR Thailand, and other vital partners whose support enables the Automotive Summit 2025.

    Mrs. Varaporn Dhamcharee, Managing Director of RX Tradex (formerly Reed Tradex), announced that this marks the 12th consecutive year of partnership with the Thailand Automotive Institute to co-organize the Automotive Summit. The Summit runs concurrently with the 20th edition of “Automotive Manufacturing,” ASEAN’s largest exhibition for automotive parts production machinery and technologies. Last year, Automotive Manufacturing drew nearly 13,000 participants from 47 countries (87% domestic, 13% international), with top international attendees from China, Japan, Taiwan, Malaysia, and South Korea.

    Looking at the broader picture of the Manufacturing Expo, a major exhibition showcasing advanced machinery and technologies for both manufacturing and supporting industries, the Automotive Manufacturing exhibition serves as a key component of this event. Last year, the Manufacturing Expo attracted a wide range of professionals from various sectors, with over 24,000 participants from the automotive industry alone, accounting for approximately 30% of the total number of attendees at the show.

    Mrs. Varaporn emphasized the value of collaboration with expert institutions like the Thailand Automotive Institute, noting that such partnerships help both organizers and attendees gain clearer perspectives, identify industry directions, and discover opportunities to play a role in shaping Thailand’s automotive future. The event’s mission is to empower businesses by delivering both technology and knowledge to parts manufacturers. In addition to more than 250 brands of machinery and parts production technologies from sheet metal processing, welding, testing and measuring, to subcontracting services from international suppliers the Automotive Manufacturing 2025 will take place under the theme “All About Future Mobility.” This comprehensive collaboration positions the Automotive Summit as an event packed with innovation, insights, ideas, and business opportunities. Last year’s summit hosted over 700 attendees, and the 2025 edition aims to welcome no fewer than 900 participants.

    Those interested in attending Automotive Summit 2025 can view the seminar schedule and register via the ‘Conference’ section at www.automanexpo.com. For more information, please contact RX Tradex Contact Center at +66 2686 7222.

     

    The post “AI Transforms Thai Auto Industry – TAI and RX Tradex Launch Automotive Summit 2025” appeared first on ThaiResidents.com - Thai Local News - Thai News.

    26 May 26 2025
    AROUND TOWN
    https://thairesidents.com/?p=51357
  • Paetongtarn visits UK, Monaco to boost trade and soft power

    (Government PR news, no by-line please) PRIME Minister Paetongtarn Shinawatra has begun a five-day official visit to the United Kingdom

    The post Paetongtarn visits UK, Monaco to boost trade and soft power appeared first on ThaiResidents.com - Thai Local News - Thai News.

    (Government PR news, no by-line please)

    PRIME Minister Paetongtarn Shinawatra has begun a five-day official visit to the United Kingdom and Monaco from May 21 to 25, accompanied by a delegation from the Ministry of Commerce, the Ministry of Tourism and Sports, and other government agencies. The trip seeks to expand trade opportunities in the European Union, increase international market access for Thai products, and promote Thailand’s soft power through food, sport, and tourism.

    Upon arrival in London, the Prime Minister is scheduled to launch the revamped Thai SELECT certification, which promotes high-quality Thai cuisine abroad. The event will feature Thai food products, tropical fruits, jasmine rice, traditional Thai massage, tourism promotions, and Muay Thai demonstrations. She will also meet representatives of Thai businesses and major UK importers to explore ways to increase the value of Thai food exports across Europe.

    During her visit, Paetongtarn will present Thai SELECT certificates to 115 restaurants that meet the programme’s standards and hold discussions with Thai entrepreneurs to hear their suggestions and concerns. The Prime Minister is also scheduled to visit a well-known Muay Thai gym in London, Fight City Gym at Moorgate, to discuss bilateral sports cooperation, including the possibility of certifying Thai trainers and coaches overseas.

    On May 22, Paetongtarn will attend a promotional event at Wing Yip Superstore, one of the UK’s largest importers of Asian food, with more than 1,000 products from Thailand. She will also meet with the Tourism Authority of Thailand’s regional director for Europe to exchange views on how to better attract modern travellers through cultural tourism.

    The trip will conclude with a visit to Monaco on May 23, where the Prime Minister is scheduled to meet Formula 1 executives to discuss the potential of hosting a city-circuit Grand Prix in Thailand. She will later attend the Monaco Grand Prix, using the event to engage with senior executives and strengthen Thailand’s international profile through sport, tourism, trade, and cultural exchange.

    Photos: Amarin TV

    This report was originally published by www.thainewsroom.com

    The post Paetongtarn visits UK, Monaco to boost trade and soft power appeared first on ThaiResidents.com - Thai Local News - Thai News.

    24 May 24 2025
    AROUND TOWN
    https://thairesidents.com/?p=51344
  • Big event to draw Chinese tourists in H2 taking place soon

    IN celebrating 50 years of Thai-Chinese relations the government is launching a big event, “Sawadee Ni Hao”, to attract more

    The post Big event to draw Chinese tourists in H2 taking place soon appeared first on ThaiResidents.com - Thai Local News - Thai News.

    IN celebrating 50 years of Thai-Chinese relations the government is launching a big event, “Sawadee Ni Hao”, to attract more Chinese tourists to Thailand in the second half of this year, TV Channel 7 said this morning (May 22).

    Ms. Sasikarn Wattanachan, deputy government spokesperson, said over 13 million foreign tourists visited the country in less than five months of this year’s first half generating more than 630 billion baht in revenue.

    It was noteworthy that from Jan. 1 to May 18, 2025, the number of South Korean tourists travelling to Thailand increased by 10% and collectively moved up from the eight to the fourth place. The number of tourists from China and India also increased by 2.18 percent and 1.34 percent, respectively.

    Last week 464,531 foreign tourists came to the country and the top five countries are Malaysia with 68,738 arrivals, China with 62,569, India with 50,571, South Korea with 18,213, and Laos with 17,034.

    “As for measures to attract Chinese tourists to return to visit Thailand throughout the year, the Tourism Authority of Thailand is preparing to organise a major event to celebrate the 50th anniversary of diplomatic relations between Thailand and China,” she said.

    The event, entitled “Sawasdee Ni Hao” and taking place from May 28 to June 1, 2025, will bring 300 Chinese tour operators and 200 key opinion leaders(KOLS)/influencers from 25 to 30 provinces to meet and negotiate with 500 Thai tour operators.

    Photo: Thai Rath

    This report was originally published by www.thainewsroom.com

    The post Big event to draw Chinese tourists in H2 taking place soon appeared first on ThaiResidents.com - Thai Local News - Thai News.

    23 May 23 2025
    AROUND TOWN
    https://thairesidents.com/?p=51351
  • Sunday Brunch for Crab Lovers at Espresso

    Espresso is calling all seafood lovers with its renowned Sunday Brunch, now Bangkok’s ultimate seafood destination. With unmatched freshness and

    The post Sunday Brunch for Crab Lovers at Espresso appeared first on ThaiResidents.com - Thai Local News - Thai News.

    Espresso is calling all seafood lovers with its renowned Sunday Brunch, now Bangkok’s ultimate seafood destination. With unmatched freshness and choice as well as the widest array of preparations in the city, InterContinental Bangkok is now the place to visit each Sunday to savour incredible seafood.

    Surpassing expectations, the all-day dining venue is presenting an unparalleled selection of top quality local and imported crab, with more than six kinds to relish. Proudly featured at the Seafood on Ice display, prized varieties include Golden King Crab, Chilean King Crab, Snow Crab and Swimmer Blue Crab, as well as the steamed Mud Crab.

    The impressive array is only made more astounding by the abundance of dishes in which it can be enjoyed. Spanning the entirety of the international buffet, the brunch offers the city’s best line up of crab recipes, from classic favourites to completely new and enticing twists.

    In the Thai Corner, find luscious crab meat in a rich curry in Khao Soi Gai with Crab or perfectly mixed with an assortment of herbs in the Crab Salad with Rice.

    Fragrant and flavourful, Paneer Crab Curry and Malai Kofta with Crab are highlighting the Indian Corner. From the Chinese section, diners will have their pick of Fried Rice with Chilean Crab, Egg Noodles smothered in a Creamy Crab Curry, and Cantonese Style Crab and Pork Wonton Soup.

    Specialties in the Japanese corner, Soft-Shell Crab Maki Rolls and Chirashi Bowls with Tuna, Scallop, and Blue Crab are being prepared alongside a colourful array of Sushi, Sashimi, and Rolls. Tempting you at the Fresh Made Pasta Station is the Spaghetti in a Spicy Nduja and Crab Meat Sauce.

    Further adding to the dining experience are six special made-to-order options: Linguine with Caribbean Rock Lobster Meat Sauce, Grilled Hokkaido Scallop with Lobster Sauce, Cheesy Thermidor Gratin Caribbean Rock Lobster, Australian Wagyu Sirloin Beef Steak with Garlic Fresh Herbs and Red Wine Sauce, Grilled Tiger Prawns with Lemon and Caper Butter Sauce, and Australian Lamb Chop with Fresh Herbs and Black Pepper Sauce.

    All of this adds to a brunch already brimming with top quality fresh seafood and beloved mainstays such as Roasted Australian Prime Rib Beef, Iberico Ham, and unlimited Pan Fried Foie Gras on Brioche with Mango and Arugula.

    Sunday Brunch is available every Sunday from 12.00 to 15.00 hours, priced at THB 2,900++ per person. For an additional THB 160++, enjoy unlimited soft drinks. Free flow beverage is available at THB 1,200++ per person, THB 1,600++ per person with sparkling wine and THB 3,200++ per person with Champagne.

    Espresso is located on the Mezzanine level of InterContinental Bangkok.

    For reservations and inquiries, please contact InterContinental Bangkok at dining.bkkhb@ihg.com or by calling +66 (0) 2 656 0444.

    Prices are in Thai Baht and subject to 10% service charge and applicable government taxes.

    The post Sunday Brunch for Crab Lovers at Espresso appeared first on ThaiResidents.com - Thai Local News - Thai News.

    22 May 22 2025
    AROUND TOWN
    https://thairesidents.com/?p=51339
  • Rama II again! Chunk of concrete falls on woman’s car

    ANOTHER accident has occurred on Rama II road with a woman saying on Facebook that a chunk of concrete fell

    The post Rama II again! Chunk of concrete falls on woman’s car appeared first on ThaiResidents.com - Thai Local News - Thai News.

    ANOTHER accident has occurred on Rama II road with a woman saying on Facebook that a chunk of concrete fell on her sedan cracking the entire rear windshield but fortunately she did not get injured, Naewna newspaper said this morning (May 20).

    The woman, Sud Khunung, said this about the incident: “Finally, it happened to me … limestone fell from Rama II bridge while exiting the expressway (just before Niche ID Rama II). It was all caused by carelessness of the contractor who just drilled but was not careful.

    “This damaged property and wasted time but how lucky that I didn’t get killed. Every day when I drive I do so carefully, in front and at the back, but that’s not enough – I have to risk my life with things falling from above.

    “Bangmod police station and Viriyah Insurance have accepted the case. Thank you very much.#Good luck, hope it doesn’t happen very often. #Please be a little cautious and careful.”

    On April 29 an engineer suffered a ruptured liver and later died after two chunks of concrete fell on his pickup truck as he was passing beneath a flyover on Rama II road to Samut Sakhon where he worked.

    A few days later on May 6 a cable fell on a trailer truck and a pickup truck loaded with seafood from an overhead construction stretch causing severe damage to both vehicles but no injuries.

    On March 15 a beam at a bridge being built near Dao Khanong toll plaza collapsed killing six workers and injuring around 24 others.

    Photos of the latest construction accident on Rama II road shared by Ms. Sud Khunung and published by Naewna

    This report was originally published by www.thainewsroom.com

    The post Rama II again! Chunk of concrete falls on woman’s car appeared first on ThaiResidents.com - Thai Local News - Thai News.

    21 May 21 2025
    AROUND TOWN
    https://thairesidents.com/?p=51335
  • Almost 90% of Thais’ deposit accounts is less than 50,000 baht

    THE latest statistics released by the Bank of Thailand shows that more than 124.8 million bank deposit accounts in Thailand,

    The post Almost 90% of Thais’ deposit accounts is less than 50,000 baht appeared first on ThaiResidents.com - Thai Local News - Thai News.

    THE latest statistics released by the Bank of Thailand shows that more than 124.8 million bank deposit accounts in Thailand, totaling 89%, hold less than 50,000 baht (see chart below), Thai Rath newspaper said today (May 17).

    This figure is not just data but a strong warning sign of how fragile the Thai grassroots economy is because when people don’t have enough to spend, they put off saving money.

    Many people in Thailand still rely on daily income to meet expenses, including daily wage earners, freelancers, online sellers or informal workers, and despite their income being uncertain they still have to cope with rising living costs, including food, travel, medical expenses and personal debt.

    For some people, “savings” is a luxury that is not even accessible.

    Having less than 50,000 baht in savings means that if an unexpected event occurs, such as unemployment, illness, or an economic crisis, this group of people will not have enough money to handle it. Moreover, when they retire, if they do not have savings, a pension and sufficient security, the risks they face multiplies.

    This figure also shows that Thais’ financial literacy is still low with a lot of people not knowing how to manage money. They either do not know how to invest or misunderstand saving money such as thinking they can only invest if they have lots of money or are afraid of taking risk to the point of not daring to take their money out of savings accounts even though interest rates are very low.

    At the same time, the education system and government policies have not yet promoted financial literacy as a “basic life skill” that everyone can access.

    On the other hand, this data clearly reflects income inequality with less than 1% of people having deposits of tens of millions of baht or more and this group’s total savings is more than what 90% of the population’s savings.

    At macro-policies level if inequality is not addressed from the structural level, or people’s ability to earn income does not increase saving, investing or retiring with stability will be just a “dream” that can only be realized by some groups of people.


    Amount of deposits   Number of accounts Total deposits (million baht)

    Less than 50,000           124,889,457                 473,313

    50,000-100,000             4,396,299                     310,725

    100,000-200,000           3,514,177                      487,475

    200,000-500,000          3,281,782                     1,041,050

    500,000-1 million          1,640,675                    1,175,765

    1-10 million                     1,837,849                     4,571,142

    10-25 million                  107,726                        1,608,807

    25-50 million                  51,271                         1,139,443

    50-100 million                30,913                        1,051,440


    A savings account image by Thai Rath

    This report was originally published by www.thainewsroom.com

    The post Almost 90% of Thais’ deposit accounts is less than 50,000 baht appeared first on ThaiResidents.com - Thai Local News - Thai News.

    20 May 20 2025
    MONEY
    https://thairesidents.com/?p=51331