News & Activities

Hylife CSR

Hylife CSR – United Hylife Volunteers, in collaboration with the Tha Wang Tan Municipality, carried out a cleanup and restoration effort around the roads of Wiang Kum Kam Village, as well as other public areas and homes affected by flooding. The Hylife Group supported the initiative by donating essential cleaning equipment, such as coconut brooms, hoes, shovels, and rubber boots. All equipment was handed over to the Tha Wang Tan Subdistrict Municipality for ongoing use.

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Update on land transfer fees for the year 2024: how much does it cost?

Hello! Today, we’re going to update everyone on the costs of transferring property or real estate. When buying or selling land or residential property, the main expenses include transfer fees, mortgage registration fees, stamp duty, specific business tax, and personal income tax. The details are as follows: Real Estate Transfer Expenses Land transfer application fee: 5 Baht

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How much do Thai people invest in foreign stocks?

It’s undeniable that recently, investing in foreign stocks or funds has clearly yielded higher returns compared to domestic investments. This has led more Thai investors to put their money into overseas stocks and funds, and the trend is likely to continue due to the poor liquidity of Thai stocks. According to data from the Bank of Thailand, the value of Thai investors’ investments in foreign stocks, bonds, and funds—both through mutual funds and retail investors—has increased over the past 10 years, rising from USD 20,448.66 million (THB 746,376.09 million) in 2015.

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Pinnacle Asset Management, in collaboration with its parent company Hylife Group, has launched a new headquarters and commercial building, while expanding its business network with investors from over nine countries across Asia.

Pinnacle Asset Management participated in the grand opening event of Hylife Group Corporate, celebrating the launch of its new headquarters and commercial complex by the leading holding company in Northern Thailand, located in Chiang Mai. The event was honored by the presence of government officials, private sector representatives, investors, and senior executives — with a total attendance of over...

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The Thai Chamber of Commerce clearly does not support the policy of raising the minimum wage to 400 (Baht).

The Thai Chamber of Commerce and the Board of Trade of Thailand is an organization with a key role in representing and supporting businesses and industries in Thailand. Its main mission is to promote and coordinate with the private sector and the government to develop business-related resources, as well as to build business networks and foster cooperation related to trade, investment, and sustainable business development in Thailand. The Thai Chamber of Commerce and the Board of Trade of Thailand is often known for proposing ideas and activities that encourage economic and social development, including offering policies and recommendations to the government for reforms and creating a suitable and sustainable business environment in Thailand. The Thai Chamber of Commerce and the Board of Trade of Thailand, along with more than 50 labor-intensive trade associations, have expressed a clear stance that they disagree with the policy of raising the minimum wage to 400 Baht.

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Update on the Land and Building Tax in 2024

From 2020, the government started collecting the Land Tax at 10% of its calculated value, which increased to 85% in 2023. This year (2024), a new announcement requires the full 100% tax to be collected. Let's look at the update.

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How to Save Money? 5 Effective Saving Strategies

"How to Save Money: 5 Strategies for Effective Saving" 1. Set Challenging Goals for Yourself Setting goals is a great motivator to keep you alert. You might set a goal for yourself, such as how much savings you want to have by a certain age, or how much money you must save this month. Start with small amounts first, and then challenge yourself until you reach a satisfactory level. 2. If You Can't Save Money, A Fixed Deposit Account Can Help Many people, when they have a lot of money readily available, just can't resist spending it.

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How are Stocks and Funds different?

A stock is a security that represents part ownership in a company. The price of a stock can change due to various factors, such as the company's operating results, economic conditions, investor expectations, and so on. Or, to put it simply, let's say if we want to own a part of a large business, we don't necessarily have to run those businesses ourselves, because starting your own business is not easy.

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Hoping the Bank of Thailand lowers interest rates to assist the public.

All eyes are on the MPC (Monetary Policy Committee) meeting on April 10, after continuous pressure from Prime Minister and Finance Minister Srettha Thavisin. This follows a period of successive hikes in the policy interest rate to curb inflation and keep pace with global economic trends after continuous rate increases by the U.S. Federal Reserve (Fed).

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What is Refinance?

Refinancing is the process of managing an existing loan agreement by changing the terms of the original contract. It involves applying for a new loan to use the new funds to pay off the old loan. The primary objectives are to reduce the interest rate or adjust the repayment terms to better suit the current financial situation, or to benefit from better lending conditions than those currently in place, such as reducing the interest rate or switching from an Adjustable-Rate Mortgage (ARM) to a Fixed-Rate Mortgage (FRM)

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Financial Issues and Mental Health

Did you know that mental health can also significantly impact your finances? Although everyone's issues are different, some problems can lead to serious adverse effects on your own finances. In this article, we will provide examples of three situations to watch out for and ways to cope to protect your wallet. Compulsive Overspending: Occasional extravagant spending can be fun, and sometimes we feel good when we buy necessary items. Although we call it happiness, you still need to balance your financial goals with your spending desires. Studies show that 'retail therapy'—treating severe psychological tension by buying everything you want—can lead to disaster. This is because, generally, tension occurs before the purchase and a short period of relaxation follows the purchase. If you find yourself turning to shopping more frequently to cope with emotional distress, try these methods:

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Get to know NFC: The Financial Technology That Will Affect Your Life

NFC (Near-Field Communication) technology is a short-range wireless communication technology capable of transmitting data over a distance of no more than 4 centimeters, with a maximum data transfer rate of 424 kilobits per second and using very little power. It is suitable for quick and easy communication between electronic devices in close proximity. Furthermore,

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The Bank of Thailand (BOT) is studying NFC technology to boost digital payments 2.5 .

The Bank of Thailand (BOT) is studying NFC technology, hoping to boost digital payments 2.5 times towards the target. The central bank revealed it is studying the application of NFC technology to the PromptPay system, hoping to increase the convenience of transactions and support the growth of Thai digital payment transfers to 800 times per person per year, according to the target. Currently, Thais make digital payments at 500 times per person per year.

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Get to Know the Land and Building Tax

The Land and Building Tax is a term that isn't heard very often, right? Today, I will explain the Land and Building Tax so that everyone can understand it. Any person who owns land is required to pay a tax called the Land and Building Tax, with no distinction between those running a business and ordinary individuals, regardless of whether the land is vacant or currently in use. Things you should know about the Land and Building Tax: Land Tax

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Get to know MRR or Minimum Retail Rate

For many people who are about to buy a house or are preparing to take out a long-term loan, I'm sure you must have definitely heard or read the term MRR (Minimum Retail Rate) loan interest rate, right? And then there are also MMR and MLR. These acronyms are things you should study for your own benefit, because this knowledge will help you save more money. Alright, let's start by getting to know MRR, or.

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Get to know Credit Score

Currently, checking your credit bureau report is not limited to verifying payment history per account. It also includes checking your 'Credit Score.' This is a service for debtors who want the deepest understanding of their credit situation, using the same perspective that financial institutions use to evaluate loan applicants. We will take everyone to get to know 'Credit Scoring (Credit Score).' What is Credit Scoring (Credit Score)?

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