increase
- Business News
Thailand to boost 2024 budget by 122 billion baht for economic lift
Prime Minister Srettha Thavisin emphasised the necessity of increasing the 2024 fiscal budget by 122 billion baht to stimulate Thailand’s economy. He proposed a supplementary budget bill to the House, aiming to finance the digital wallet scheme, a core policy of the Pheu Thai Party. Opposition parties opposed the bill, citing legal concerns and potential violations of the State Fiscal…
- Business News
Thai bond market bonds stronger, hits 17 trillion baht milestone
The Thai bond market reported a total outstanding value of 17 trillion baht (US$460 billion) in the first half of 2024, reflecting a 2.7% increase from the end of the previous year, as stated by the Thai Bond Market Association (ThaiBMA). Within this total, long-term corporate bonds accounted for 494 billion baht (US$13.4 billion), with the majority being investment-grade bonds…
- Economy News
Voluntary exodus leaves 1% of workforce jobless in first quarter
Over 400,000 individuals, representing approximately 1% of the working-age population, were unemployed during the first quarter of the year, with the primary reason being voluntary resignation. Piyanuch Wuttisornon, the Director-General of the National Statistical Office (NSO), announced the findings from a survey on the working-age population. The results indicated a decrease in unemployment numbers for the first quarter compared to…
- Thailand News
Thai gold prices climb slightly to 41,500 baht per baht-weight
Gold prices in Thailand saw an uptick today, as reported by the Gold Traders Association (GTA), marking a slight increase from yesterday’s stagnant figures. As of today, May 16, the price of gold ornament per baht-weight was listed at 41,500 baht, reflecting a 50 baht rise from the closing price on May 15. The latest update from the GTA, published…
- Economy News
Gold ornament prices soar to 41,900 baht in Thailand
Gold prices in Thailand witnessed a notable increase, as reported by the Gold Traders Association (GTA) today. The cost of gold ornaments surged to 41,900 baht, marking a significant rise from the previous day’s closing figures. The GTA, the authoritative body on gold pricing in Thailand, announced an uptick of 200 baht in the price of gold ornaments compared to…
- Thailand News
Voluntary enlistment in Thai army sees notable increase
An increase in voluntary enlistment for the Royal Thai Army (RTA) was announced yesterday by an assistant army spokesperson. Compared to last year’s enlistment season, there is a notable rise in the number of males opting to join the ranks voluntarily. Assistant Army spokesperson, Captain Juthapat Prembanyat noted that from April 1 to 12 this year, 38,160 males across Thailand…
- Transport News
Songkran festival sees 1% rise in public transport usage in Thailand
Public transport usage during this year’s Songkran festival experienced a 1% increase compared to the corresponding period in the previous year, with around 5.6 million travellers across Thailand, as reported by the Transport Ministry. The minister, Suriya Juengrungreangkit, reassured that the public transport networks were effectively managing the increased number of passengers and vehicles on the country’s main transportation routes.…
- Thailand News
Price surge in off-season rice boosts Thai farming
The president of Ban Mai Khao Farmers Group commended the recent increase in the price of fresh off-season rice, which has hit 10,000 baht (US$280) per tonne. This price surge not only encourages the traditional practice of rice cultivation among Thai farmers but also ensures a steady income for them. Suphan Phathom’s area of oversight includes the last remaining rice…
- Search Engine Marketing (SEM)
Mastering PPC bidding: Essential guide to strategy & optimization
Navigating the world of PPC bidding strategies can often feel like traversing a complex maze. With your business up and running, you’re no stranger to the basics of PPC campaigns. However, unlocking the secret to maximizing your ROI is a whole different challenge. The eCommerce arena is incredibly competitive, where every click and every pound spent on ads must work…
- Thailand News
Songkhla community faces steep rent hike from temple land
Residents of the community surrounding Wat Khuan Mit in Songkhla raised concerns as the temple, which owns the land they reside on, dramatically increased the rent by twelvefold. The escalation in rental fees has led to severe hardship for the locals, many of whom have lived there since their ancestors’ time. Negotiations with the temple’s caretakers have not yielded any…
- Business News
Gold prices could hit US$2,015 per ounce in near future, says GTA
The Gold Traders Association (GTA) projected a potential rise in gold prices, possibly hitting US$2,015 (71,535 baht) per ounce in the near future. However, this trend may be interspersed with periods of market volatility. Yesterday morning, spot gold saw an increase of 0.4% to US$1,997.39, spurred by a dip in the US dollar and a fall in the benchmark US…
- Thailand News
Vegtable prices soar in Yala’s Betong market as crops crumble as rainfall wreaks havoc
Fresh vegetable prices in the Betong municipal market in Yala have seen a dramatic increase due to inclement weather causing a decrease in production. The constant cold and rainfall have stunted vegetable growth and have led to disease that destroys the crops. This has caused substantial damage to the planting areas, leading to reduced yields and subsequent hikes in vegetable…
- Thailand News
Pork prices sizzle in northern Thailand due to crackdown on illegal supply
Pork prices have seen a continuous increase for two consecutive weeks in Nakhon Ratchasima’s Terdthai market. This is primarily due to the government’s rigorous crackdown on illicit and frozen pork, resulting in a significant decrease in the volume of illegal pork in the market. As the new year approaches, prices are expected to surge further. On surveying the fresh pork…
- Business News
Sunny-side up: Thai exports set to crack 3.6% growth in 2023
Positive prospects are forecasted for Thai exports next year, with an anticipated growth rate of 3.6%. This rebound follows a projected 2% drop this year, according to a recent report by the University of the Thai Chamber of Commerce (UTCC). UTCC’s president, Thanavath Phonvichai, attributes this optimistic projection to several factors including lower interest rates and easing inflation globally, which…
- Business News
Israeli-Hamas conflict sparks fears of disruptions in global oil prices
Price fluctuations in global crude oil have surged by 4% following the Israeli-Hamas conflict. This escalation in oil prices has sparked fears, especially among oil companies, as Montri Rawanchaikul, the Chief Executive of PTT Exploration and Production Plc (PTTEP), voiced worries that the conflict may lead to disruptions in petroleum production in the Middle East. Auttapol Rerkpiboon, CEO of PTT…
- Business News
AI adoption boom: Igniting innovation, doubling productivity, and fostering cross-gen cooperation
The revolution of Artificial Intelligence (AI) in businesses is underway, igniting innovation, boosting productivity by twofold, and fostering cross-generational cooperation. Currently, the United States alone hosts over 14,700 AI startups, with more sprouting daily, according to McKinsey. Forecasts suggest that AI adoption and digitisation will automate between 30% and 40% of existing jobs, augment 50 to 60% of job tasks,…
- Economy News
Thai economy booms as government’s fiscal income beats projections with 122bn baht surplus
The Thai economy demonstrates strong recovery and active imports as the Thai government’s net income during the first two-thirds of fiscal 2023 has surpassed projections by 122 billion baht, revealed Fiscal Policy Office Director-General, Pornchai Thiraveja, 42 years old. Between October 2022 and May 2023, the Thai government raked in a total of 1.64 trillion baht, which is an 8%…
- Business News
TBN shares surge 144% on MAI debut, SET issues cautionary note
The Market for Alternative Investment (MAI) saw the debut of TBN Corporation shares on Monday, leading the Stock Exchange of Thailand (SET) to issue a cautionary note to investors in light of high trading speculation. Yesterday morning, TBN shares experienced a trading turnover ratio of 85%, reaching 41.5 baht by midday. The 144% increase was up from the initial public…
- Thailand News
Shining Surge: Gold prices soar in Thailand, hitting 32,650 baht per baht
The Gold Traders Association reported an increase in gold prices in Thailand today, with gold bullion trading at 32,650 baht per baht, up 50 baht compared to the closing price of yesterday. Gold bars are being bought at 32,050 baht and sold at 32,150 baht. Recording a rise in gold prices today, the Gold Traders Association stated that gold ornaments…
- Thailand News
Thailand’s skilled workers to get minimum wage hike
Thailand’s Cabinet approved a wage hike for skilled workers in the country. The hike will range from 465 to 700 baht a day for 17 occupations spanning three sectors. According to the Bangkok Post, the Labour Ministry made the proposal which is intended to suit the capabilities of workers in fields that are in high demand. The hope is to end…
- Property
Bangkok condo market making a comeback amidst the future of Asian megacities
A major property developer says Bangkok condos are making a comeback after 2 years of limited launches due to the Covid-19 pandemic. Supalai says December is the magic month for a comeback and has announced it is launching up to 4 new condo projects in Bangkok, worth an estimated 5.74 billion baht. Supalai Managing Director Tritecha Tangmatitham told the Bangkok…
- Transport News
Thailand’s used car market expected to keep growing thanks to Covid-19 pandemic
Thailand’s used car market is expected to keep growing thanks to the Covid-19 pandemic. This year alone, it has grown by 20 to 30%, which is an increase from the pre-Covid years that saw an average growth of 10%. Pinyo Tanawatcharaporn, president of the Association of Used Cars, says normally the used car market sees about 1 to 2 million…
- Entertainment
Thailand’s creative industry to grow by over 3% next year
Thailand’s Creative Economy Agency says the creative industry is expected to grow by 1.51 trillion baht in 2022, which is about 3.55%. The CEA says the growth demonstrates Thailand’s soft power and international cultural influence. But, some experts say more can be done to increase its growth, as Thailand has long been know for its exceptional tourism, cuisine, traditional medicine,…
- Thailand News
Despite a better performance in first quarter, Thailand’s GDP may not impress in second
Despite performing better than predicted in the first quarter, Thailand’s gross domestic product may not be as impressive in the second quarter. As the first quarter saw a contraction of 2.6% year on year, analysts say the contraction was better than predicted. Now, an Oxford Economics report says the recent third wave in Covid-19 may prevent the GDP from seeing…
- Politics News
Thanathorn demands answers over budget increase for Royal office
Progessive movement leader and former head of the now-defunct Future Forward Party Thanathorn Juangroongruangkit has been banned from politics for 10 years… but he’s still making his voice heard in the halls of power. In his capacity as an advisor to the House committee examining the budget bill, he questioned the justification for the increase in the budget for the…
- Politics News
Activists plan more protests nationwide in September
Student activist groups across the country are threatening to step up anti-government protests in September if their demands are not met. The secretary-general of the Free Youth Movement said today that the planned protests include a march through the streets of Bangkok and prolonged nationwide protests. Tatthep Ruangprapaikitseri cited Sunday’s protest at the Democracy Monument as a “big show of…
- Tourism News
Tourism authority predicts September revenue jump
The Tourism Authority of Thailand is expecting tourism revenue in September to grow by 20% compared to the same month last year, after the government approved September 4 and 7 as compensation holidays for this year’s Songkran Festival, which was “postponed” due to the Covid-19 crisis. We’re assuming they mean domestic tourism because there sure aren’t many foreign tourists! The…
- Covid-19 News
Can air-con spread Covid-19?
A research letter published by Guangzhou Centres for Disease Control in China looked at 10 coronavirus cases of 3 families who ate in adjacent tables at the same time. The study proposes that droplet transmission by the restaurant’s air conditioning system was increased. The initial patient arrived from Wuhan and dined at the restaurant with 3 family members. Two other…
- Transport News
Survey says: Thai taxi users disagree with fare hike
“35% agree with the fare hike, reasoning that it could reduce the problem of taxi drivers refusing customers.” A Nida Poll reports that 81% of respondents are unhappy with the new taxi fares that will raise the immobile rate (sitting in the traffic) from 2 baht per minute to 3 baht per minute. The poll reveals the results of a…
