gold
- Economy News
Central bank mulls severing baht’s gold link to weaken gains
Thailand’s central Bank is mulling breaking the baht’s link to gold as a way to weaken it without being labelled a “currency manipulator” by Washington. According to US Census Bureau data, Thailand’s trade surplus surpassed US$20 billion in the 12 months up to the end of November 2019. That exceeds a $20 billion cap the US Treasury sets for bilateral…
- Events
Thai sports minister optimistic about Olympic boxing gold
Thailand’s minister of tourism and sports says he’s optimistic that Thai boxers will win a gold medal at next year’s Tokyo Olympic Games (if the Games are held at all). Phiphat Ratchakitprakarn visited the national team’s training camp at the National Sports Training Centre in Saraburi province, northeast of Bangkok. He was accompanied by the governor of the Sports Authority…
- Crime News
Gold necklace snatched from Banglamung motorcyclist – again
Police in Chon Buri’s Banglamung subdistrict are hunting for a suspect on a motorbike who allegedly snatched a gold necklace worth 65,000 baht from another motorcyclist in the Nongprue area. 40 year old Somchai Jandaphon, a contractor, filed a report with Nongprue Police yesterday. He told police that he was driving a motorbike in Soi Marb Tado when the suspect,…
- Covid-19 News
Thailand developing level 4 “gold standard” biohazard suits
In order to reduce the nation’s reliance on imported personal protective equipment during the Covid-19 crisis, Thai scientists are developing a Level 4 biohazard suit, dubbed the “gold standard” by the organisers working on the project. The Government Pharmaceutical Organisation and the textile industry are collaborating on the the suits after successfully developing Level 2 suits. The GPO, together with…
- Bangkok News
A golden moment for Thailand’s gold sellers
The streets of Bangkok’s Chinatown today have been paved with gold… sellers. Today, dozens of Bangkok citizens lined up outside Yaowarat Road gold shops, creating chaos as they tried to sell off their gold ornaments and gold bars after the price gold rose by 550 baht per baht of gold (15.244 grams.) It is reported that this is the highest…
- Covid-19 News
Opportunities for 2020 export growth in Thailand
Despite the whirlwind of shutdowns, lockdowns and craziness descending on Thailand at the moment, the departments are still churning out numbers and trying to forecast the way ahead. They say that, due to the Thai baht weakening and massive government interventions around the world for both monetary and fiscal policies, there is still a chance that Thailand could reduce the…
- Economy News
Thai stocks plummet nearly 4% in Monday SET trading
The Stock Exchange of Thailand finished yesterday at 1,435.56 points, a decrease of 59.5 points, or nearly 4% – that’s compared to Friday’s close on the SET. The daily trade volume for Monday was 76.431 billion baht, with an index high of 1,474.12 and a low of 1,435.56. Asian bourses were hammered as confidence was inhibited by rising cases of the…
- Crime News
Thief gets away with 50 phones and gold in Bangkok
PHTOTS: INN News A thief has snatched over 50 smartphones and 76 grams of gold at a phone shop in Bangkok. The incident happened yesterday. INN News reports that the store is off, Bang Kradi Road, south-west of the city centre. The store is part of a small retail complex but there was no one near the store when the…
- South Thailand News
60 million baht of gold stolen in Songkhla heist
Five people have robbed a gold shop in the city centre of Na Thawee district in Songkhla province yesterday (Saturday). The robbers were dressed in military uniforms and armed with assault weapons, fleeing with gold and jewellery valued around 60 million baht. According to the Thai PBS report, the five bandits arrived at the Suchada Gold Shop in a white…
- Chiang Mai News
Woman leaves behind 10 kilos of gold at Chiang Mai Airport
PHOTOS: sanook.com A mysterious backpack was left laying around the Chiang Mai International Airport on Monday this week at 8.30am. It turned out that a passenger travelling with NokAir, heading to Don Muang Airport in Bangkok, had left the black backpack at a security checkpoint on the way to her flight. Police have reported the story now that the owner…
- Pattaya News
25 year old arrested over theft of gold jewellery valued over 2 million baht in Pattaya
PHOTOS: The Nation An employee of a hotel in Pattaya has been arrested over the alleged robbery of a gold shop in Pattaya. He netted 1.65 kilograms of gold jewellery with a value of 2.18 million baht at the weekend. 35 year old Sornchai Nilsonthi is accused of robbing the Suppatra Yaowaraj gold shop at the Big C shopping mall…
- Property
“Don’t paint your temple gold” – Fine Art Department
After a report of historical temples being painted gold triggered an uproar on social media, the Culture Ministry’s Fine Art Department is warning people to stop unauthorised painting of national heritage monuments as it violates the law. Social media users expressed shock and dismay that ancient Thai temples were being given a make-over with a coat of gleaming gold paint,…
