Thailand Reduces Money Protection in Thai Banks – Is Your 800,000 Baht Retirement Proof of Income Protected?

Thailand Reduces Money Protection in Thai Banks – Is Your 800,000 Baht Retirement Proof of Income Protected?

Individual depositors (Thais or foreigners) are automatically protected upon opening a deposit account with a Thai financial institution, as set in the Deposit Protection Agency Act. From August 11, 2021, and onward. Thai banks are to provide deposit insurance or deposit protection for only 1 million baht, per individual account holder in one financial institute. […]

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Thailand’s Worst Nightmare –> Life Without Tourists

Thailand’s Worst Nightmare –> Life Without Tourists

As a result of the pandemic, Thailand’s tourism sector is in ruins, and officials are scrambling to reopen the country to international tourists. The pandemic’s early waves ravaged several countries. Still, Thailand managed to escape largely unscathed last year by closing its borders. Therefore, the country’s tourism economy collapsed. Only over 70,000 foreign tourists entered […]

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