Search Results for: oil prices
- Business News
Phuket business: Skyscrapers and economic woe
PHUKET: There’s an economic-cycle theory based on the link between the building of skyscrapers and economic strife. Guess what it’s called? Correct: the Skyscraper Index. While many trends and theories these days are based on cycles, this economical theory is based on the completion of skyscrapers. So what is this theory and does it have any credibility? Let’s first unravel…
- Phuket News
Phuket: Big success in bad times
PHUKET: Phuket’s relative prosperity “shows how shifts that transform the global economy can also supply visitors to an attractive destination so steadily that it becomes relatively immune to temporary disturbances,” such as the recent violent demonstrations in Bangkok. That is the theme of Wayne Arnold in a story about Phuket in yesterday’s New York Times. Noting that the truly significant…
- Phuket News
One-Two-Go forced to suspend operations
BANGKOK (Nation): Low-cost carrier One-Two-Go will suspend its operations from Tuesday until September 15, making it the first airline victim of record oil prices. Founder and CEO Udom Tatiprosongchai said the unrelenting rise in oil prices had forced the airline to shut down temporarily. “The company has been losing money for months, and we cannot continue like this,” said K.…
- Phuket News
TAT lowers tourism projections
BANGKOK (The Nation): The Tourism Authority of Thailand (TAT) has sharply cut its projections for the number of international visitors and tourism revenue next year due to soaring oil prices, which are discouraging international travel and have led to cuts in inbound flights.It targets only a 3.3-per-cent growth in the number of international visitors in 2009, a sharp downward revision…
- Phuket News
Failure rate for Bangkok condos nears 50%
BANGKOK (The Nation): The chance of failure for condominium developers in Bangkok has grown to almost 50 per cent as competition heats up amid a glut of fresh supplies, warned Aquarius chief executive Yongyuth Chaipromprasert.After conducting a study over the past five months, the building consultant said even the inner Sukhumvit area, once deemed immune to downturns, “no longer guarantees success”.“The average take-up…
- Phuket News
Tsunami chops OrBorJor income by 20pc
PHUKET CITY: The December 26, 2004, tsunami has chopped about 100 million baht, or 20%, off the expected revenue of Phuket Provincial Administration Organization (OrBorJor) for fiscal 2005.OrBorJor President Anchalee Vanich-Thepabutr told the Gazette on April 8 that the organization’s initial revenue projection of 500 million baht, from business taxes and fees, has been lowered to about 400 million due to…
- Phuket News
Fishermen to strike over fuel price hike
PHUKET: Members of the Phuket Fishery Association will join a national work stoppage starting Monday (April 4) in protest at the 19% rise in diesel oil prices that came in on March 23. Association Chairman Somyot Boonyakul today told the Gazette that the diesel price hike – coupled with the already high price of regular gasoline – simply makes it…
- Phuket News
Businesses brace for impact of diesel hike
PHUKET: Businesspeople foresee price rises across the board due to the recent 4% rise in the price of diesel fuel, though they believe it will take some time before the impact is felt in the retail sector.The 60-satang-per-liter price hike, announced last Tuesday, reflects the Energy Ministry’s inability to continue subsidizing diesel at a rate of 3 baht per liter.…
- Phuket News
Andaman cluster revenue set to top B100bn
PHUKET CITY: Officials from the three “Andaman Cluster” provinces of Phuket, Phang Nga and Krabi met at the Thavorn Grand Hotel yesterday to discuss progress on the cluster’s strategic development plan, which has now been in effect for nine months. Phuket Governor Udomsak Usawarangkura said, “The cluster’s private sector is now generating 95 billion baht in tourism revenue annually and…
- Phuket News
Economic recovery facing severe challenges
BANGKOK (AFP): Thailand’s nascent economic emergence from the depths of the crisis is in jeopardy. Recently released indicators provide stark evidence that falling exports are crippling the recovery. The slump has been spurred by a decline in demand in the United States as the economy there slows, but it also reflects a failure to stimulate fresh investment, analysts say. “Foreign…
- Phuket News
Facts about Thailand
BANGKOK (AFP): Thailand, which is holding general elections today, is a constitutional monarchy nominally headed by revered King Bhumibol Adulyadej. The following are key facts about Thailand: GEOSITUATION: A Southeast Asian country surrounded by the Gulf of Thailand, the Andaman Sea and Indian Ocean. Thailand borders Myanmar, Cambodia, Laos and Malaysia. POPULATION: 62.5 million. ETHNIC GROUPS: Thai/Lao 94 percent, Chinese…
- Phuket News
Police step up action against fuel smugglers
PHUKET TOWN: The Marine Police have stepped up checks on Thai-flag vessels in an effort to curb any rise in gasoline or diesel smuggling, following the latest increase in fuel prices. A further 30 satang per liter was added to fuel prices yesterday, the result of a combination of rising international oil prices and the falling value of the baht…
- Automotive
The second-hand cars in Thailand under 100K baht
Looking for a reliable car without breaking the bank? Thailand’s second-hand car market offers a treasure trove of options under 100,000 baht. Whether you’re a budget-conscious student, or simply someone who values a great deal, there’s a vehicle out there that fits your needs and wallet. From compact city cars to sturdy pickups, you’ll find a variety of models that…
- Bangkok Travel
Where to get cheap electronics in Bangkok in 2024
Have you ever wondered why just a charging cable for your iPhone is costing you upwards of a thousand baht? Well, it’s because you are looking for cheap electronics in all the wrong places. In our digital age, there is certainly no escaping technology and electronics, and as certain technologies get pushed further into the mainstream, we see prices also…
- Health
Thai fully body massage tips and benefits
Living in Thailand, you’re no stranger to the country’s rich tradition and lively lifestyle. But have you ever truly indulged in one of its most renowned traditions? A Thai full body massage isn’t just an indulgence; it’s an experience that blends ancient techniques with modern relaxation, offering unparalleled benefits for your mind and body. As an expat, navigating the various…
- Guides
Best souvenirs that you can buy in Bangkok
Planning a trip to Bangkok and wondering what souvenirs to bring back? You’re in for a treat! Bangkok is a treasure trove of unique and memorable items that capture the essence of Thai culture. From vibrant markets to chic boutiques, there’s no shortage of options when it comes to finding the perfect memento. Whether you’re after traditional handicrafts, exquisite jewellery,…
- Best of
10 best hotels in Pai for a relaxing getaway
Thailand’s northern region is home to a quaint picturesque town called Pai. Pai has a variety of luxury hotels to suit a variety of tastes. This peaceful area of the nation has something for everyone, from Mediterranean-style getaways to traditional Thai lodgings. All while being surrounded by luscious green fields and mountains. Below, we’ve compiled 5 of the best hotels…
- Health
Yadom: Nasal inhaler Thais can’t live without
If there’s one thing more popular than Lisa Blackpink in Thailand, it’s Yadom. The kpop singer helped introduce Yadom to her massive international fanbase when she said that she always carries it around in her bag — the clip then went viral because she pronounced it as Yadom, which is a whole different thing in the Korean language (adult video).…
- Guides
The 5 common types of markets to start trading
Just getting started on trading? You’re probably wondering about the types of markets available and which one you should trade. This decision can be daunting for beginners since each market offers unique opportunities with varying risk levels and potential returns. Therefore, it’s important to research and understand the basics of each market before deciding where to invest your funds. So,…
- Things To Do
Top 10 hotels in Hua Hin for 2024
Picture yourself lounging on a pristine beach, sipping a cool drink as the warm sun bathes your skin. The sound of gentle waves lapping at the shore lulls you into a state of complete relaxation. In the distance, palm trees sway in the breeze, their leaves rustling softly in the wind. This is the scene that awaits you in Hua…
- Best of
10 best places to go for delicious Pad Thai in Bangkok
When it comes to Thai cuisine, there’s one mouthwatering dish that sparks a great debate among visitors and locals alike: Pad Thai. A seemingly humble combination of flat rice noodles, tamarind, fish sauce, tofu, eggs and, of course, the star, prawns, this national dish is quite the hot topic (pun intended) when looking for the best place to relish it.…
- Property
Why you should invest in Bangkok’s real estate market now
Thinking about investing in Bangkok’s real estate market? You’re not alone. With its booming economy and lively tradition, Bangkok has become a hotspot for real estate investors worldwide. The city saw a remarkable 6% growth in property prices last year, attracting both local and international buyers. Bangkok offers a unique blend of modernity and tradition, making it an appealing destination…
- Automotive
Cost of owning an EV car in Thailand
Are you thinking about making the switch to an electric vehicle (EV) in Thailand? You’re not alone. With rising fuel prices and increasing environmental concerns, many are considering EVs as a smart and sustainable choice. But what does it really cost to own one? Owning an EV in Thailand involves more than just the initial purchase price. You’ll need to…
- Travel Guides
Best hostels to stay in Bangkok for 2024
Staying at a hostel is definitely a good option for both socialising and your pocketbook. No matter what’s on your itinerary for Bangkok, budget travellers or those who just want to save a bit of money will find the hostel scene is quite impressive. Bangkok offers hip and trendy hostels that are almost like hotels, as the amenities offered take…
- Events
MC Markets shines as elite sponsor, trading up at iFX EXPO Asia 2024
Leading online broker MC Markets is set to be one of the standout companies at one of Southeast Asia’s most significant B2B online trading events, after being officially confirmed as an Elite Sponsor at iFX EXPO Asia 2024. This sponsorship announcement highlights the company’s strong commitment to expanding its presence in Southeast Asia while demonstrating its ambition to deliver top-tier services…
- Thailand video news
Thailand video news | An Indian man goes crazy, damages hair salon, Laos detains duo over satirical pothole fishing video
In today’s Thailand video news, Alex covers the stories from across Thailand and Southeast Asia countries. From a chaotic incident involving an Indian man causing havoc at a Bangkok salon to the tragic death of a teenage girl after a ketamine overdose, the show covers a wide range of topics. The headlines also include the arrest of a duo smuggling…
- Thailand News
Thai farmers set to grow demand for chemical fertilisers next year
The demand for chemical fertilisers and agricultural chemicals among Thai farmers is expected to rise between October and December next year. This increased need is crucial for crops such as oil palm, rubber, fruit trees, and ornamental plants, which require year-round agricultural inputs. Udom Srisomrong, Deputy Director-General of the Department of Internal Trade, highlighted that the current fertiliser prices in…
- Featured Dispensaries
Top 5 cannabis dispensaries in Asoke
Within the lively and busy ‘CBD’ of Asoke is a crowd of people who are there for many reasons. From working to shopping to visiting Soi Cowboy, Asoke will be one of the most chaotic places you will see in Thailand. Within the chaos though, you will find that there are some of the top cannabis dispensaries which are known…
- Business News
Cryptos surge as BNB leads with 89.6% gain in 2024
Cryptocurrencies are experiencing a resurgence despite global economic challenges and geopolitical uncertainties, emerging as top-performing assets in the first seven months of 2024. Nvidia, one of the Magnificent 7 tech stocks on the US stock exchange, also ranks highly. Binance Coin (BNB) led the cryptocurrency returns this year with an impressive 89.6% gain as of July 22. Bitcoin followed with…
- Travel
Chiang Mai Thailand travel guide 2024
Located in Northern Thailand, Chiang Mai is a captivating city that perfectly combines the old and new. It is known for its ancient temples, vibrant markets, exciting activities, and mouth-watering cuisine. This makes it an excellent tourist destination with a unique blend of culture and adventure. Exploring Chiang Mai promises an unforgettable journey for everyone, from visiting beautiful temples and…
