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Don't chase happiness
Thank you ChatGPT (other AI bots are available). 555 -
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Anybody planning to go back to the US?
Seems to mean enough to you to have been shamed out of using that one for so long -
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THAILAND LIVE Thailand Live Thursday 24 July 2025
Retirement Lottery: A Fresh Approach to Savings in Thailand Photo courtesy of Pattaya Mail In a major move to blend entertainment with financial security, Thailand's House of Representatives has approved a revolutionary amendment to the National Savings Fund Act. The new initiative introduces a weekly "retirement lottery" designed to help Thais build savings while enjoying their much-loved pastime. Full Story: https://aseannow.com/topic/1367755-retirement-lottery-a-fresh-approach-to-savings-in-thailand/ -
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Report Retirement Lottery: A Fresh Approach to Savings in Thailand
Photo courtesy of Pattaya Mail In a major move to blend entertainment with financial security, Thailand's House of Representatives has approved a revolutionary amendment to the National Savings Fund Act. The new initiative introduces a weekly "retirement lottery" designed to help Thais build savings while enjoying their much-loved pastime. The newly passed law allows individuals aged 15 and up to purchase lottery tickets for 50 baht each, with weekly draws featuring significant prizes. Every Friday at 5pm, participants stand a chance to win one of five top prizes worth 1 million baht each, or be among the 10,000 lucky ones to secure a second prize of 1,000 baht. All winnings are swiftly transferred via PromptPay, ensuring seamless access to funds. But the innovation doesn't stop at just winning. Even participants who don't clinch a prize will find their ticket's cost turned into savings. These funds accumulate along with interest, courtesy of the National Savings Fund, and become accessible once the ticket holder reaches the age of 60. Deputy Finance Minister Paopoom Rojanasakul assured that measures are in place to maintain fairness. “Ticket purchases are capped at 3,000 baht per person each month,” he stated, “preventing wealthier individuals from monopolising the draw.” This scheme is inclusive of older citizens as well. Participants over 60 will have access to their investment plus any returns within five years. Additionally, in the unfortunate event of their passing, heirs will inherit any remaining funds. The House showed overwhelming support for the amendment, with a vote count of 427 in favour, only one opposed, three abstentions, and four non-voters. The move has garnered praise from MPs across various parties, hailed as a creative method to save money while engaging with a national favourite. An enthusiastic MP remarked, “This initiative is both enjoyable and a smart way to ensure financial security. Regular buyers now have a promising way to safeguard their future.” Scheduled to launch in the fourth quarter of this year, pending Senate approval, this retirement lottery aims to enhance national savings and fuel economic growth—one ticket at a time. Adapted by ASEAN Now from The Thaiger 2025-07-24 -
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Anybody planning to go back to the US?
Comparing Alligator Alcatraz to Auschwitz? This intellectual level of this place has really gone down hill. -
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