Category: ARTICLE

Bank App. crashing not exceed 8.7 hours/year

          The Financial Consumer Protection Center (FCC) reported statistics of  Bank system failure in the 3rd quarter of 2022, it has shown that TTBThanachart (TTB) was failure 6 times, spending 46 hours Siam Commercial Bank (SCB) was failure 6 times, spending 6 hours UOB Bank (UOB) was failure 1 time, spending 2 hours Krungthai (KTB), Krungsri (BAY), CITI Bank (CITI), CIMB, and TISCO were failure 1 time, spending 1 hour           From these issues, the BOT arranged criteria to control mobile bank applications not crashing more than 8.7 hours/year to increase comfort and confidence, and reduce system stumble because people tend to pay via bank applications or Prompt pay more than before, as well as a cashless society. However, the BOT is preparing and considering punishment and guidelines while bank applications crash. After the BOT was announced, all banks must accept BOT’s condition.           For Service Level Agreement (SLA) stated the condition that the crashing time of bank application should not exceed 8.7 hours/year which is the time

Thai inflation is expected to be slow for the other 2 months

          The Thai official data reported on 07/11/2022 that the consumer price index rose 5.98% in October from a year earlier, contributing to the average inflation rate from January to October increasing 6.15% from a year earlier. Meanwhile, the Core CPI in October rose by 3.17% from a year earlier.           Poonpong Naiyanapakorn, deputy permanent secretary of commerce mentioned that Thai inflation in October rose by 5.98%, its deceleration continuously for 2 months, and Thai inflation in November and December was expected to slow down. Inflation was slowed down because the prices of goods and services have changed by the following; 187 categories, the prices surged such as fuel, gas, and electricity bills 79 categories, the prices dropped such as bananas, and televisions 164 categories, the prices unchanged such as trainers, train fare           However, Thai inflation still seems to risk of rising from the high energy cost, the weak baht, and rising domestic demand. Moreover, the Ministry of Commerce forecasted that Thai inflation in 2022 will be

The end of Europe’s energy crisis

          On Monday, the wholesale spot price of European natural gas went negative. For an hour, suppliers were willing to pay almost €16 to someone able to suck up a megawatt hour of gas, about the equivalent of an average UK household’s monthly consumption. It was a remarkable turnaround for a market that saw record prices of over €300/MWh towards the end of August. Of course, there were special forces at work. Although the negative price was recorded on the main Dutch benchmark for European gas, it was not seen everywhere across the continent. It lasted for one hour only and a more standard spot price now around €50/MWh remains twice the norm for European gas. And it occurred because liquefied natural gas supplies keep arriving in Europe when storage facilities are effectively full. But it is important not to get too distracted by these caveats.           All European gas prices have tumbled since Vladimir Putin decided to stop supplying the continent through the Nord Stream 1 pipeline at the end of

The Importance of the various Generations

What Are the Different Generations?           A generation is a group of people born in a particular time period. Oftentimes, these generations operate with similar ideas, attitudes, and values from shared experiences. Generational differences show up in different ways. Oftentimes, it aligns with the impact of the era. Our behaviors are shaped by our experiences with the world around us.         Age is one big reason for the natural gap between generations. However, the major issue arrives due to the mental gap in terms of thinking patterns & current trends. Technical ability is also important. How technology affects the generation gap is impacted by how well older people can learn and use new technology. This tends to be written by Millennials for the younger generation, so many older people can become left behind when things move too fast.       Different life experiences create generational sub-cultures. A culture that has been shaped by the values of one generation isn’t necessarily going to be compatible with the next generation. Here are the generations

A concerning situation in the world’s second-largest economy

          On 26 October 2022, Bloomberg reported that the economy of China was in recession in October, as the decreasing sales number of automobiles and properties, even world trade and the confidence of small businesses was shrunk which means the activities in September didn’t enough China economy to be recovered.           After the government released Covid Zero measures that affect the economy, especially the confidence of small businesses shrunk for the first time this month since May, meanwhile the demand in China including residence as well as catering declined to the lowest level since February 2020 and May 2020 respectively. Hereafter, Reuters reported that Chinese state banks sold the US. dollars in both onshore and offshore markets to handle gently the weakening yuan. This action reflected that the US. dollars appreciated and the concern in the economy of China was slowing down           Nonetheless, the Chinese economic trend continuously recovered but was interrupted by the lockdown and covid-19 measures in China. The decrease in the property sector and

Germany rejects supporting joint EU debt amid the energy crisis

          Germany has no plans to back a joint European Union debt issuance according to a government source. This statement comes to reject prior news from the European session, so, according to the source, Germany does not support joint EU debt to encounter the looming energy crisis. The government source told Reuters on Monday, that he denies prior media report saying Chancellor Olaf Scholz supported joint debt issuances to tackle the energy crisis.           During the general volatility of the European session, the original news, via Bloomberg, could have been of a big deal of impact, but in the quieter afternoon New York session, there has been no impact on this headline. Investors are paying close attention to the deepening crisis in the European Union. Soaring gas and electricity prices do surely threaten to quake manufacturing and tranquil winter life across Europe.           It is worth mentioning that borrowing costs between member countries are beginning to deviate which is a negative factor for the Euro as investors flood

How festivals boost the economic growth

          Festivals are an important tool to bring all people together even if they reside in different places. Festivals also lead to interaction among people from diverse religions. A Festival is a good model for making people happy and fills our lives with colors and joys. There is no word to explain the importance of festivals; these play an essential part of life and must be cherished to the best by every individual. Festival also helps develop good relationships and promotes interaction among people. Happiness would be shared between humans due to the festival.        Festivals are a great way to explore a country. They offer you an opportunity to experience different cultures and traditions, as well as meet people from around the world. Festivals are one of the best ways to experience the culture and local flavors that a community has to offer. Festivals are also very good for your mental health because they can help relieve stress and anxiety.           Attending a cultural festival is a great way

2023 global economic growth dropping down

          On 11 October 2022, the International Monetary Fund (IMF) reported that the world economy would be in a recession and the global GDP forecast decreasing from 2.9% to 2.7%. The key factors affecting the global GDP are Russia invaded Ukraine, COVID-19, soaring costs, and high-interest rates to reduce the inflation rate.           Meanwhile, the IMF has cut forecasts for the 2 biggest economies, the US and China. The US economic growth will reduce by 1.6% that below the expectation, the cause is FED has hiked the interest rate aggressively to control the inflation rate in the US, furthermore, FED will continuously increase the interest rate.           China’s economic growth this year is 3.2% that lower than initially forecast, and the following year will increase by 4.2%, as strict Covid curbs and a crisis in the property sector tend to slow down driving China’s economic growth slower than expected. For all that, the IMF was concerned with the developed country’s economic deceleration, currency depreciation in developing countries, and

Claims Of Default In Laos Are Bankrupt

          Laos faces unprecedented financial difficulties, including US$14.5 billion worth of public and publicly guaranteed debt — around half of which is owed to China. But unlike Sri Lanka, there is no chance that Laos will default on its external debt obligations. China, its largest creditor and political ally will not let Laos default.           The size of Laos’ debt obligations makes it seem like the default is inevitable. The country’s total public and publicly guaranteed debt stock was 88 percent of GDP in 2021. With an average of US$1.3 billion worth of yearly debt servicing owed between 2022 and 2026, the Lao government needs to seek debt service deferral and continue to refinance its existing debt stock. Laos also faces a liquidity challenge — it does not have enough assets to meet its external debt obligations — with its foreign exchange reserves (US$1.3 billion) equal to the annual amount needed to service its debt.           Geo-economic factors mean that the concerns about Laos defaulting are unrealistic. The


          International trade has been part of the world economy for thousands of years. Despite this long history, the importance of foreign trade was modest until the beginning of the 19th century—the sum of worldwide exports and imports never exceeded 10% of global output before 1800. Then around 1820 started to change quickly. Around that time, technological advances and political liberalism triggered what we know today as the ‘first wave of globalization.         This first wave of globalization came to an end with the beginning of the First World War, when the decline of liberalism and the rise of nationalism led to a collapse in international trade. But this was temporary, and trade started growing again after the Second World War. This second wave of globalization, which continues today, has seen international trade grow faster than ever before. Today, around 60% of all goods and services produced in the world are shipped across country borders. In just a few generations, globalization completely changed the world economy.           Nowadays, The