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Economy Thailand’s Wealth Gap Widens: Most Bank Accounts Below 50,000 Baht
Picture courtesy: Royal Vacation Alarm bells ring as new figures from the Bank of Thailand reveal that 89% of bank deposit accounts in the kingdom hold less than 50,000 baht. This stark statistic paints a bleak picture of financial fragility among the Thai populace and how close to the edge many households are living. As highlighted by Thai Rath, these numbers reflect a worrying level of economic instability. For numerous Thais, savings remain a distant dream as daily struggles with the cost of living take precedence. Whether it's daily wage earners, freelancers, or informal workers, many rely on unstable income streams amid swelling expenses such as food, travel, and healthcare. With a scant financial cushion against unexpected disruptions like job loss or medical emergencies, their vulnerability is pronounced. The sobering data paints a broader portrait of financial literacy challenges across the country. Misconceptions like the belief that investing requires significant initial capital contribute to money mismanagement. Heightened risk aversion further hampers attempts at better financial planning, despite low returns on traditional savings. Educational shortcomings and policy gaps in promoting financial literacy exacerbate the issue, sidelining it from everyday life skills. The numbers also starkly expose income inequality, with under 1% of the population holding deposits in the tens of millions. This wealthy minority's combined savings surpass that of the rest by a substantial margin. Addressing these concerns necessitates robust macroeconomic policies targeting structural inequality and empowering people economically. Solving this disparity is critical for ensuring broad-spectrum financial resilience and the feasibility of future security for all, transcending the privilege of the few. Adapted by ASEAN Now from Thai Newsroom 2025-05-19 -
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THAILAND LIVE Thailand Live Monday 19 May 2025
Over One Million Meth Pills Seized After High-Speed Chase Ends in Crash Picture courtesy of Khaosod. A dramatic pursuit through heavy rain along the Mekong River in Bueng Kan Province ended with the seizure of more than one million methamphetamine pills and injuries to both the suspect and law enforcement officers. Full story:https://aseannow.com/topic/1361010-over-one-million-meth-pills-seized-after-high-speed-chase-ends-in-crash/ -
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Crime Over One Million Meth Pills Seized After High-Speed Chase Ends in Crash
Picture courtesy of Khaosod. A dramatic pursuit through heavy rain along the Mekong River in Bueng Kan Province ended with the seizure of more than one million methamphetamine pills and injuries to both the suspect and law enforcement officers. Officers from the Mekong Riverine Unit (MRU), known locally as Nor Ror Chor, stationed in Bueng Kan, in cooperation with border security forces, police, and military units, announced the arrest of a 36-year-old local man, identified only as “Mr. M,” from Ho Kham Subdistrict, Mueang District, Bueng Kan. Acting on intelligence that a large drug shipment was set to cross the Mekong River from a neighbouring country, authorities lay in wait near Ban Tha Khrai. In the early hours, a suspicious Nissan saloon car, licence plate from Nakhon Phanom, accompanied by a motorcycle, was spotted parked with its lights off near the riverbank. Two men were observed unloading large sacks into the car before it sped away. Officers gave chase along Highway 212 and signalled the vehicle to stop for inspection. Instead, the driver accelerated and attempted to flee. The pursuit continued until the suspect’s vehicle reached Ban Huai Sam Yot in Pong Pueay Subdistrict, where authorities decided to ram the fleeing car to prevent its escape. The collision caused both vehicles to veer off the road, resulting in injuries to officers and the suspect, Mr. M. A search of the car revealed three sacks containing a total of 1,006,000 methamphetamine pills. Commander of the MRU’s Nong Khai Sector, Captain Suchart Udomnak, confirmed the operation’s success, noting the large quantity of seized narcotics and the ongoing investigation to uncover the wider trafficking network behind the attempted smuggling operation. The suspect is now in custody and will face prosecution under anti-narcotics laws. Adapted by Asean Now from Khaosod 2025-05-19. -
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THAILAND LIVE Thailand Live Monday 19 May 2025
Young Man Surrenders After Severing Stepfather’s Hand with Sword Picture courtesy of Khaosod. A violent domestic dispute in Nakhon Si Thammarat ended in bloodshed after a young man attacked his stepfather with a sword, severing his hand, and injuring his mother in the process. The suspect later broke down in tears and surrendered to police following persuasion from relatives. Full story:https://aseannow.com/topic/1361009-young-man-surrenders-after-severing-stepfather’s-hand-with-sword/ -
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Crime Young Man Surrenders After Severing Stepfather’s Hand with Sword
Picture courtesy of Khaosod. A violent domestic dispute in Nakhon Si Thammarat ended in bloodshed after a young man attacked his stepfather with a sword, severing his hand, and injuring his mother in the process. The suspect later broke down in tears and surrendered to police following persuasion from relatives. Pol. Col. Thanapon Yaowaphak, superintendent of Chulabhorn Police Station in Nakhon Si Thammarat Province, received an emergency call regarding a serious altercation at a residence in Thung Pho Subdistrict. Officers from both patrol and investigative units were immediately dispatched to the scene. Upon arrival, police found a pool of blood at the front of the house and identified the victim, Mr. Sayan, who had suffered a severe wound to his right wrist, resulting in a complete hand severance. His condition was described as critical. The suspect’s mother, Ms. Saowapha, was also injured after being accidentally struck by the blade while trying to intervene. The assailant, 21-year-old Mr. Kwanchai, the biological son of Ms. Saowapha, was found visibly distressed and standing nearby, clutching a samurai-style sword approximately one metre in length. Family members urgently pleaded with him to calm down, ultimately convincing him to lay down the weapon and surrender. Mr. Kwanchai admitted to attacking his stepfather during a heated argument. Overcome with rage, he grabbed the sword and struck the older man’s hand. In the chaos, his mother was unintentionally wounded while trying to stop the altercation. Police took Mr. Kwanchai into custody and transported him for questioning. He now faces criminal charges and will be processed through the legal system. Adapted by Asean Now from Khaosod 2025-05-19. -
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Crime British Teen Thought as Missing in Thailand Found Arrested in Georgia
Yeah. Eighteen going on fourty. Ick.
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