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Category Archives: Finance

Economic Outlook For Thailand According To Fitch Solutions

Economic growth of Thailand has declined by 3.3% year on year during the 3rd quarter from 4.6% in the 2nd quarter. Even if the tourism sector that includes hotels, luxury spa in Sukhumvit, bars and restaurants remains strong, the escalating tensions between the United States and China as well as the poor investment outlook is expected to further weaken economic growth over the coming months.

Trade challenges brought about by the tensions between the US and China have escalated since June 2018. Tourism is also affected because of the concerns of the Chinese regarding their safety. According to Fitch Solutions, the export-oriented manufacturing sector of Thailand will bear the brunt of China’s economic meltdown.

There are also predictions that the Chinese economy will be severely affected by increased US protectionism. At present, Thailand’s manufacturing sector is facing some challenges due to the maturing electronics cycle. Since China is Thailand’s largest export destination, it is very likely for the manufacturing sector to be quite cautious with their production capacity particularly since they are facing difficulty in clearing their existing inventory.

However, growth in the US is expected to slow down in 2019 because of the fading fiscal stimulus, the tightening of credit conditions and trade tensions with other countries. The US is the second biggest shipment destination for Thai products accounting for at least 11.1% overall exports.

Fitch Solutions expects developers to be more vigilant when embarking on new projects because macro-prudential measures like higher loan-to-value requirements are likely tobe imposed by Thai authorities so that they can prevent speculations in the housing market.

Another big risk to Thailand’s continued economic expansion is political instability. However, the coming elections and the sustained growth in private consumption can provide support to the economy’s subdued growth prospects. Inflation is still low and consumers remain confident of the economy.

Political and economic news can be stressing. Give yourself a break and relax at the luxury spa in Sukhumvit that offers signature facial treatment that will deep clean the dehydrated skin. You can also choose from different treatments that include Thai massage, aroma massage, body scrub and hot oil massage. Make your reservations now for the best price ever.

Financial Technology Trends Of 2018

Security is one of the leading issues in various industries nowadays. Even in the homes of the consumers, security is a top priority. There are measures taken by homeowners such as installing security window screens and door or installing state-of-the –art technology. It is not surprising therefore that many of the latest innovations in financial technology are geared towards online security.

In mobile technology, financial services are starting to shift to mobile compatible features. Based on this year’s digital banking consumer survey conducted by PwC, there is an increase in demand for banking services using smartphones. Mobile banking makes it possible for customers to make financial transactions without having to visit a physical branch.

As a result of the increasing demand for mobile banking, there is now what they call digital-only banks which mean they do not have any physical branches customers can visit. These services are quite popular with millennials customers because they are more used to conducting financial transactions online. Digital-only banks have mobile apps which is used by customers to manage their finances wherever they are. In the future, it is predicted that branch visits will decline considerably.

In terms of security in financial technology, the latest innovation is biometric technologies. It can detect fraud in the system and also easy for customers to login through their secure app. Cyberattacks can be prevented with the help of fintech technologies such as biometric systems.

If there are major changes in the financial services industry, one of them is the adoption of blockchain technology. It is a transparent system that can help automate different financial operations which is why it is one of the latest trends from fintech startups.

Lastly, the technology with the biggest impact in financial industry is artificial intelligence also known as AI. There are many reasons why it is adapted into the industry and one of them is automation of various tasks such as data analysis. Automation helps save time as well as resources. It also has a hand in security of financial industry. Just like regular homes where security window screens are installed, the industry also makes sure that the finances of their customers is safe and secure in their system.

How To Get The Best Currency Exchange Canada

If you’re planning a currency exchange Canada, it can really go expensive. Unless it’s done right, the foreign currency your planning to exchange can provide you a huge sum on your pockets. This article will show you how you can possibly get the best rate for exchanging a currency to cash.

When you do currency exchange Canada to other currency, you can either have bad experiences with the rates, charged with fees and hidden costs, which will make your head ache with lighter wallet. But to ensure you’re getting the best rates, follow these simple steps to enjoy your hard-earned cash:

  • Compare Currency Rates

You need to shop around and compare the currency rates before you transact. You can use online tools that make you compare the rates and determine how much you’ll have after fees and charges are subtracted.

  • Have Doubts if It’s a Commission Free Deal

A commission free deal will sound perfect for your currency exchange Canada; however, it may be too good to be true. If you notice the zero commission after the exchange, the rate can be loaded with fees and you can get cheated. Be aware that minimum charges can make the exchange more expensive, especially for smaller amounts.

  • Never Exchange Currency at the Airport

According to information, around millions of Canadian dollars are wasted on buying currency at the last minute at Canadian airports every year. The problem is due to poor exchange rates and commission charges on lower-valued transactions. At the airport, you can expect distorted rates that are not really of great value for your money.

  • Know your Debit Card Charges

You need to consult your local bank the possible fees that can be charged on you when you use your debit or ATM cards abroad. Though the fee may be minimal, but if you’re frequently exchanging rates, this can be troublesome, and will leave you with less money left.

  • Choose a Prepaid Card

If you’re going on a vacation and don’t want to carry loads of cash with you, choose a prepaid card as an option. You will just have to load money onto the card and you can use it to withdraw cash from an ATM or make purchases in restaurants or shops. It will also provide convenience when you do currency exchange in Canada for money.

How Football Teaches Us Valuable Financial Lessons

According to a wealth website in India, a lot of fans can learn something when they ไฮไลท์ฟุตบอล and one of them is financial planning. It is evident in the portfolio allocation, navigating through the volatility as well as during fund selection.

Lesson number one is not to give too much focus on being forward players because they might be aggressive and responsible for scoring goals but they are not the only reason why teams won their matches. As of the lesson in money, remember that investment strategy that are aggressive in nature such as mutual funds or mid-cap stocks can give high returns in an instance but it can also carry a high risk when the market suddenly falls without warning. The technique is to focus on strategy that is based on allocating the asset. Always keep in mind that the equity exposure needs to be equal to 100 subtracted by the age of the investor.

Lesson number two is not to neglect the mid-fielders which acts both ways – attacker and defender. In finance, your portfolio will be more stable if you invest in all-rounders such as balanced funds. Remember that the exposure of the balanced funds should be dependent on a number of factors such as the debt investment, mid-cap and large-cap.

Lesson number three is to make the defence stronger because they make sure the ball does not pass thus preventing potential losses. To do this, sharp market corrections should be expected and adequate defence should be planned carefully. You can start by investing in instruments with fixed income.

Lesson number for is to always be aware of market feints because it can deceive their opponents. It is not always easy to read market trends especially when the current market is volatile as it comes with a lot of risk. This is when you should focus on investing in disciplined choices through SIPs.

Lesson number five suggests that the approach you should take should be goal-oriented. This is important because when you ไฮไลท์ฟุตบอล , the ones who goals the most are the winners. In finance, this means focusing on financial planning that will ultimately help you reach financial goals.

Sacrificing Financial Security When You Become A New Entrepreneur

When you start a business, it is like having a newborn baby. Your business has no respect for sleep, for rest, for family dinners and for appointments meaning you have to manage your time properly, otherwise the business will take over your life. You have to seize every opportunity to rest, to have some time for the family and to enjoy some of your hobbies. The best way to prepare yourself for an irregular schedule is to improve your time management strategies.

Many entrepreneurs are prepared to sacrifice all their time for the success of a business. It is rare for entrepreneurs to understand that they are forfeiting something important because growing the business is their mind’s priority. One of the most effective ways of supporting a new business is to prepare yourself as well as your family to expect more responsibilities. There are instances when everything has to take a backseat because of a business emergency.

When you are starting a new business, you are not only sacrificing security and stability; you are sacrificing your financial security and your reputation. The pressure can sometimes be too overwhelming that even your productivity is impacted. It is important to prepare the family over the loss of financial security because of the commitment to the business. On the other hand, it is also critical to know how much of your finances you can commit to business and whether you are prepared to lose the investment.

If you used to work for 8 to 9 hours on a day job, when you pursue the dream of becoming an entrepreneur, your schedule will be irregular. You will only enjoy 5-minute, 10-minute or 15-minute windows at odd times of the day to relax and spend time for yourself. Since everyday will bring in a new challenge, learn to use proper time management strategies to prepare yourself for the loss of your personal time.

With the help of technology and information, there are now ways to tackle issues on productivity and time management. There are time management strategies that entrepreneurs follow to get the most from a day. Follow a daily routine wherein you have enough time to relax and forget about the day’s stresses.

Is It Worth Paying A High Annual Credit Card Fee?

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Is the $95 annual fee for a credit card worth the price? Chances are it isn’t because an average credit card holder will not use the card to simply justify the high annual fee. According to Bankrate.com banks earned about $90.3 billion in credit card fees last 2014 and the additional hikes in 2015 are expected to increase their earnings further.

American Express increased the fee on its Premier Reward Gold Card and its co-branded credit card with Starwoods Hotel from $65 to $95 last year. Banks are lowering interest rates but they compensate for lost earnings by raising the annual fees on their credit cards. Why is there an annual fee? It is aimed at customers with poor carry credit and are considered high risk.

On the other hand, credit cards with annual fees offer some form of benefit. A good deal for users are frequent flier miles or accumulated points for a free hotel stay. Other perks include access to ticket prior to their being sold to the public or the ability to check a bag while on flight without paying for the privilege. If you fly United, it is $25 to check a bag and if you do it for 4 times a year, you have easily justified the $95 annual fee.

Nearly all rewards require that you spend a large amount for a particular type of spending. For example, if you are paying $75 in annual fees with 6% cash back on purchases at a grocery store the card may be right for you if you are doing a lot of grocery time. If someone else buys the groceries, you are not justifying your annual fees but wasting money.

The best bet is usually the cash back without the annual fee so that you won’t be tempted to use the credit frequently. The credit card industry is competitive and it is important to make an informed decision with on the best rates, rewards and spending limits. To help you gain the right answers to your questions, visit CreditCard.info. You will find all the appropriate information on several credit cards where you can gain the best deals.

Here’s How You Can Choose A Financial Planner

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Financial planners are very different from accountants. They are also different from insurance agents, stockbrokers and those people from your local Fidelity offices. Don’t confuse financial planners with any of them as the roles of a financial planner are not the same.

Financial planners will help advice their clients on how they can best save money. They will also offer their advice on topics such as investments and how their clients can make their money grow. If you plan to buy a house or if you plan to retire, then they are the people you would want to be advising you. Heck, you can even ask them about mediocre things like if it is wise to give an expensive gift such as a car or a house to a special person or if it would be better if you bought a less expensive one placed in Paper Mart gift boxes, although it is uncertain if it would be good to ask them this.

When looking for a financial planner, you can check out these helpful tips below:

  • Consider the pay structure. There are three types of planners you can hire. The first one pays through commission, the second one are fee based, and the third one are those planners who charge by the hour. Commission-based planners are quite hard to trust since they might coax you into certain financial packages where they also have a cut but then again, fee-based planners are also not perfect. If it is your first time, you should choose a planner who charges by the hour because they are most likely those who are just starting their careers but would do their best since they would have to rely on your recommendations later on.
  • Look for a fiduciary. A fiduciary means that the planner has pledged that he will act on his client’s best interests at all times.
  • Check for credentials. Always verify the credentials that they claim. It would best if you hire a planner who is a CFP, meaning he has passed the tests of the Certified Financial Planner Board of Standards.
  • Run a background check. Make sure your planner has a clean record, especially crime-related ones.