webfact Posted September 27, 2023 Share Posted September 27, 2023 On September 25th, 2023, Mr. Yuthchai Tayaratchakul, Executive Vice President of United Overseas Bank (UOB), gave a statement on a recent report on the ASEAN Consumer Sentiment Study (ACSS). The report presented a significant insight into citizens and business sectors in current economic circumstances from 5 countries in ASEAN: Singapore, Malaysia, Indonesia, Vietnam, and Thailand. The top three financial concerns of the respondents are rising inflation, household expenses, and shrinking savings, respectively. Given these concerns, Thais tend to focus more on prudent spending. They are also gravitating towards investing via digital banking platforms, the study showed. By Kittisak Phalaharn Full story: THE PATTAYA NEWS 2023-09-27 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Get our Daily Newsletter - Click HERE to subscribe Link to comment Share on other sites More sharing options...
Popular Post connda Posted September 27, 2023 Popular Post Share Posted September 27, 2023 1 hour ago, webfact said: The top three financial concerns of the respondents are rising inflation, household expenses, and shrinking savings, respectively. Notice that Thais don't worry about the crushing unsecured debt that most of them carry. Banks and lenders are easy. Just borrow more! 3 2 Link to comment Share on other sites More sharing options...
HauptmannUK Posted September 27, 2023 Share Posted September 27, 2023 If you drive around rural Thailand and you can read Thai you'll observe that almost every other telephone pole or power pole has some kind of advert on it for money lending. It seems to be mostly unregulated and out of control... 1 Link to comment Share on other sites More sharing options...
bob smith Posted September 27, 2023 Share Posted September 27, 2023 (edited) Major Banker Says Most Thais Have Financial Concerns you could've fooled me, judging by the queues outside the apple shop last week!!! Edited September 27, 2023 by bob smith 1 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted September 27, 2023 Popular Post Share Posted September 27, 2023 Rob Peter to pay Paul... is how most Thais live each month.. except the elite. 1 2 Link to comment Share on other sites More sharing options...
Popular Post sidneybear Posted September 27, 2023 Popular Post Share Posted September 27, 2023 3 hours ago, bob smith said: you could've fooled me, judging by the queues outside the apple shop last week!!! And lots of credit cards getting maxed out. 1 2 Link to comment Share on other sites More sharing options...
bob smith Posted September 27, 2023 Share Posted September 27, 2023 1 hour ago, hotchilli said: Rob Peter to pay Paul... is how most Thais live each month.. except the elite. Totally unsustainable economic model. I see another Tom yum kung on the horizon! 1 1 Link to comment Share on other sites More sharing options...
Cake Monster Posted September 27, 2023 Share Posted September 27, 2023 36 minutes ago, sidneybear said: And lots of credit cards getting maxed out. But with the minimum repayment due to rise from, just 5% to to 8%, NPL and many other forms of Debt will be out of control Already this Year NPL has risen by a whopping 30+% on vehicle Loans 1 1 Link to comment Share on other sites More sharing options...
SingAPorn Posted September 27, 2023 Share Posted September 27, 2023 The bar girls, taxi drivers, Sukhumvit tailors or housing developpers and others who offer services to tourists or retirees definately do not have any ca$h problem, that's for sure. 1 1 Link to comment Share on other sites More sharing options...
sidneybear Posted September 28, 2023 Share Posted September 28, 2023 16 hours ago, Cake Monster said: But with the minimum repayment due to rise from, just 5% to to 8%, NPL and many other forms of Debt will be out of control Already this Year NPL has risen by a whopping 30+% on vehicle Loans Minimum credit card repayments were increased to 10% a few years back. Belts will have to be tightened though. Link to comment Share on other sites More sharing options...
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