Search Results for: oil prices
- Economy News
Thai government planning more economic stimulus packages
Economists have urged the government to expand the fiscal deficit to up to 600 billion baht, while more stimulus packages are hopefully on course to counter the impact of the Covid-19 outbreak in Thailand. Secretary to the Council of Economic Ministers, Kobsak Pootrakool, says that the economic ministers would consider extra packages as relief for certain sectors, that were hit…
- Covid-19 News
Coronavirus UPDATE: 107 dead, more cases in Singapore and 1 in Cambodia
The death toll in China from the respiratory illness called the Wuhan Coronavirus or the Novel Coronavirus, has now reached 106, according to Channel News Asia. There are no deaths reported outside China and the vast majority of deaths are in the province of Hubei (76) where Wuhan is the capital. The number of total confirmed cases has risen to…
- Covid-19 News
Coronavirus UPDATE: 81 dead, Beijing 50 year old dies, more cases in the US
The death toll in China from the respiratory illness called the Wuhan Coronavirus or the Novel Coronavirus, has now reached 81. There are no deaths reported outside China and the vast majority of deaths are in the province of Hubei (76) where Wuhan is the capital. The coronavirus has now infected nearly 3,000 people, and the numbers are expected to…
- World News
South East Asian stocks fall as Mideast tensions soar
Renewed tensions in the Middle East continued to roil stock markets worldwide today. Thai stocks had their biggest fall since December 16 this morning as with Kasikornbank and Airports of Thailand losing 3.6% and 1.7% respectively. At 11.40 this morning the Stock Exchange of Thailand’s index was down 0.87%. • Oil prices shot 2% higher and Brent Crude rose to…
- World News
Key ally rejects PM Johnson’s Brexit plan – Sterling sags
The British Pound tumbled again today after UK PM Boris Johnson’s key ally in parliament said it “could not support” his plans for a Brexit deal, throwing a spanner in the works – just as Britain and the EU were closing in on an agreement. The comment caused an immediate reaction from this morning’s Asia Pacific markets. After years of…
- Business News
World economy wakes up to a day when the US has imposed new tariffs on China
The US has rolled out new tariffs on Chinese products yesterday but some economists say the latest gamble is likely to backfire and hurt the US economy. Meanwhile they predict the ramping up of the tariff ti-for-tat will not tarnish China’s resilience or dampen development in the long run. Yesterday the US administration imposed 15% additional tariffs on about half…
- Business News
The Thai Baht in 2022 – a prediction
Please note: This is just ONE website’s predictions of the currencies in the future. It should not be taken as a serious representation of the state of the world currencies in 2022. Trying to find a few good numbers amid the bad we thought we’d look forward three years to some of the world’s major currencies and their projected performance…
- Thailand News
Thai Air Asia posts losses in Q3 citing huge drop in Chinese tourists
A drop in Chinese tourism, along with higher fuel prices, is being blamed for a loss in the third quarter for Thai Air Asia. Asia Aviation Plc, the operators of the budget carrier, has reported a net loss of 358 million baht for Q3 (third quarter 2018). This compares with a profit of 260 million baht for the same low-season…
- Bangkok News
“Customer is King” – Thai Airways union attacks first class pilots
The Thai Airways International worker’s union has attacked two pilots for demanding first-class seats from passengers in a standoff drama that delayed an October 11 Zurich-Bangkok flight by two hours even as airline executives vowed to reform the national carrier. Airways executives pledged to nurture a “Customer is King” culture, pledging to use the controversy as an opportunity to revamp…
- News
10 good news stats from today’s economic forecast
The first four months of 2018 have seen the Thai economy surge ahead, Some key numbers were released today about the good news in the country’s financial report card. The value of exports rose 12.3% in April, year-on-year. • This month’s rise in exports is the 14th consecutive month of growth. In April Thailand shipped out 120,000 tonnes of durian,…
- News
That was 2017. This is 2018. Thai Economy
by Patrick Cooke, Regional Editor for Asia. Rising overseas demand for goods and services pushed Thailand’s GDP towards five-year highs in 2017, with business-friendly fiscal policies and planned spending on infrastructure expected to support further expansion in 2018. The Thai economy improved over the course of 2017, recording year-on-year growth of 3.3% in the first quarter, 3.8% in the second…
- News
SUNDAY MORNING BRIEFING – All your news in 3 minutes
Welcome to your Sunday news briefing Phuket. Surrounding Phuket Province, many large areas in the south are mopping up serious flooding in the wake of heavy rains all last week – from Chumpon to Yala, mostly along the Gulf of Thailand coast. But Phuket’s been largely spared the extreme rains although it’s been mostly cloudy with moderate rain over the…
- Property
By the Book: Property market ripe for a rebound
PHUKET: Timing in life is everything but timing markets is always difficult. Buy low and sell high is easier said than done. At the top of the market is when most are buying, media news is positive and the consensus is cheery, while at the bottom people are fearful the market will go lower still. For some time now many…
- Property
By The Book: Property market trends in the second quarter
PHUKET: As we enter the second quarter of 2017, the real estate market in Phuket remains slow. There are ‘pockets’ of demand: there is demand for freehold condos and discounted resale properties. Inquiries from the Thai domestic market are picking up and the condo market in Bangkok is doing well, with many developers there reporting strong sales so far this…
- Business News
Finance: Russians slated to return to Phuket
PHUKET: The economy of Phuket will pick up over the next couple of years because the Russian economy, ruble and stock market are finally recovering. Russia’s energy and commodity driven economy was hit hard by low energy and commodity prices, along with President Obama’s sanctions in response to the annexation of Crimea in 2014 and other troubles in Eastern Ukraine.…
- Phuket News
Russian tourism to Phuket rising sharply
PHUKET: Last year, rebounding Russian tourism contributed an estimated 30 billion baht (approximately US$848 million) to Phuket’s economy, according to C9 Hotelworks‘ latest report on the segment. One clear-cut metric of the attraction of Phuket for Russians is that 51 per cent of the country’s travelers to Thailand now come here. Total 2016 Russian passenger arrivals on international flights to…
- Property
By the book: The market is ripe for the picking
PHUKET: “The time to buy is when there’s blood in the streets.” – Baron Rothschild. “You pay a very high price… for a cheery consensus.” – Warren Buffett. While there certainly isn’t blood in the streets here in Phuket, the property market remains slow with a consensus to wait on the sidelines. A faltering global economy, the weakness of the…
- World News
Quake kills 272 along devastated Ecuador coast
PHUKET MEDIA WATCH – World news selected by Gazette editors for Phuket’s international community Quake kills 272 along devastated Ecuador coast Phuket Gazette / Reuters Ecuador: The death toll from Ecuador’s biggest earthquake in decades soared to 272 on Sunday as survivors cobbled together makeshift coffins to bury loved ones, lined up for water and sought shelter beside the rubble…
- Phuket News
Surge in registrations of new companies
PHUKET: New company registrations in the country set a two-year high last month, which the Commerce Ministry attributed to the government’s investment promotion measures and strong tourism growth. New business registrations reached 6,176 in March – up eight per cent year on year and 10 per cent from February. Pongpun Gearaviriyapun, director-general of the Business Development Department, said yesterday that…
- Business News
Finance: Are we in for a rough ride this year?
PHUKET: The past few years have been difficult, or mixed at best, for many investors in the stock market, with 2015 largely ending in another flat line performance – leading to predictions for more of the same in 2016. However, most predictions about 2015 from the start of last year were bullish and turned out to be off the mark,…
- Business News
Financial outlook for the year ahead
PHUKET: Looking back at 2014, the Standard & Poor’s 500 (S&P 500) posted a solid year. The S&P +11.4%, Dow +7.5% and Russell 2000 +3.5%. The “buy the dip” mentality began to take hold as any small correction saw buyers step in and purchase equities. 2014 SUMMARY• Soaring Treasury bond prices• Collapse in global commodity prices (oil)• MH17 airline crash,…
- Thailand News
Rows over energy issues heat up
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Rows over energy issues heat up The Nation / Phuket Gazette PHUKET: Several energy issues are threatening to trigger serious conflicts between the government and communities this year. Just as activists, conservationists and local communities have expressed their firm intention to protect their environment from potentially…
- Business News
Finance: The perfect investment for retirees
PHUKET: The headlines for the past few weeks have not been pleasant. Stocks have been dropping, oil crashed and if that wasn’t bad enough we had the Ebola crisis. When news like this hits, some people want to run and hide, but I look at it as an opportunity to put money to work. I never invest 100% of my…
- World News
Hostages held in Sydney cafe, Islamic flag seen in window – local TV
PHUKET MEDIA WATCH – World news selected by Gazette editors for Phuket’s international community Hostages held in Sydney cafe, Islamic flag seen in window – local TV Reuters / Phuket Gazette PHUKET: Hostages were being held inside a central Sydney cafe where a black flag with white Arabic writing could be seen in the window, local television showed on Monday,…
- Hua Hin News
More babies for China; Iran nuclear deal on horizon; Weak rules threaten UN climate plan for forests
PHUKET MEDIA WATCH– World news compiled by Gazette editors for Phuket’s international community China to loosen one-child policy, end labour camps Reuters / Phuket GazetteChina will ease its family planning policies and abolish a controversial labour camp system, according to a key document issued after a ruling Communist Party meeting, the official Xinhua news agency said on Friday.Couples will be…
- World News
Phuket Gazette World News: Putin, Obama at odds over Syria; Rwanda drawn into Congo crossfire; Merkel app gives face time
PHUKET MEDIA WATCH– World news compiled by Gazette editors for Phuket’s international community World leaders pressure Obama over Syria at G20 summit Reuters / Phuket GazettePHUKET: U.S. President Barack Obama faced growing pressure from Russia’s Vladimir Putin and other world leaders on Thursday to decide against launching military strikes in Syria, which many of them fear would hurt the global…
- World News
Phuket Gazette World News: Egypt celebrates Independence Day; Putin bans gay adoption; Ex-Taliban now in favor of women; Mexican drug lord slays school bullies
PHUKET MEDIA WATCH– World news compiled by Gazette editors for Phuket’s international community Egypt army topples Mursi, suspends constitution Reuters / Phuket GazettePHUKET: Egypt’s armed forces overthrew elected Islamist President Mohamed Mursi on Wednesday and announced a political transition with the support of a wide range of political, religious and youth leaders.After a day of drama in which tanks and…
- World News
Phuket Gazette World News: Israel plays down Syria war; EU tackles carbon; Auschwitz guard arrested; Women missing 10 years found alive in house
PHUKET MEDIA WATCH – World news compiled by Gazette editors for Phuket’s international community Israel says ‘no winds of war’ despite Syria air strikes Reuters / Phuket Gazette PHUKET: Israel played down weekend air strikes close to Damascus reported to have killed dozens of Syrian soldiers, saying they were not aimed at influencing its neighbour’s civil war but only at…
- Thailand News
Phuket Gazette: Thailand business news
PHUKET MEDIA WATCH – Thailand news compiled by Gazette editors for Phuket’s international community Honda’s April restart means no plans for relocation PHUKET (The Nation): Honda Automobile (Thailand) will not relocate to Indonesia, as confirmed by its plan to resume operation at the Rojana Industrial Park in Ayutthaya province on April 1, said Industry Minister Pongsvas Svasti. It was reported…
- Thailand News
Phuket Gazette: Thailand business round-up
PHUKET MEDIA WATCH – Thailand news compiled by Gazette editors for Phuket’s international community Tesco Lotus property fund enjoys robust rise on market debut PHUKET (The Nation): Ek-Chai Distribution System, controlled by Britain’s largest retailer Tesco, this month raised Bt18.4 billion in an initial public offering (IPO) of the fund. It sold shares at Bt10.40 each. The Thai property fund…
