Price
- Transport News
Thailand’s airlines resist price war despite rising operational costs
Despite escalating operational costs, Thailand’s airlines are unlikely to trigger a new price war, while the Civil Aviation Authority of Thailand (CAAT) intends to retain the existing ceiling for ticket prices. This information was shared by Suttipong Kongpool, the CAAT director, during a seminar co-hosted by the Airlines Association of Thailand (AAT) and CAAT this week. Suttipong indicated that with…
- Phuket News
Phuket Por Tor Festival sees surge in demand, no evidence of price gouging
The Por Tor Festival, an influential cultural event among the ethnic Chinese throughout Phuket Island, sparked a surge in product demand and suggestions of price gouging. In response, officers from the Phuket Provincial Commerce Office initiated checks among retailers to detect any signs of price gouging during the event being held from August 28 to September 14. Two of the…
- Economy News
Gold prices see slight lift, gold ornaments trading at 32,500 baht
Gold prices surged today as the Gold Traders Association revised rates upwards. This comparison is made to the end prices of August 28, when gold ornaments were selling at 32,500 baht per baht weight. Today, the price was revised upwards by 100 baht, compared to the closing price of August 28. The price of gold ornaments moved to 32,500 baht…
- Thailand News
Thai Rice Trade Associations commit to stabilise retail prices despite market changes
Conversations between the Director-General of the Internal Trade Department and the Thai Associations of Rice Millers and Rice Entrepreneurs Association aim to stabilise rice prices, thus easing household expenses for consumers. Wattanasak Sueaiam, the Director-General, revealed yesterday that these industry bodies have been asked not to increase retail prices, despite market factors. However, ultimate decisions will be influenced by the…
- Business News
Delta Electronics cites external factors in share price fluctuations
There’s been a recent development with Delta Electronics (Thailand). The company has informed the Stock Exchange of Thailand (SET) that the company’s recent share price fluctuations are the result of external factors and that its financial fundamentals remain strong. Following a slump of 18.3% on Tuesday, Delta’s shares experienced volatility yesterday, closing up 0.26%. The trading alert on Delta’s shares…
- Hot News
Thailand’s World Cup fans won’t miss any matches after broadcast deal sorted
Thailand’s World Cup fans won’t miss any matches after all as a broadcast deal has been sorted between FIFA and the Sports Authority of Thailand (SAT). The news comes with a collective sigh of relief after many fans in the kingdom thought they might miss the first matches that are scheduled for this Sunday. As the SAT came up short…
- Economy News
Commerce Ministry promise to keep consumer products under control during high inflation
The Commerce Ministry says it will work hard to keep consumer goods as affordable as possible without neglecting the demands of manufacturers. The ministry believes it has created a “win-win” strategy in which consumers, businesses, manufacturers, and farmers can all benefit, according to commerce minister, Jurin Laksanawisit. “If manufacturers suffer huge losses, they will stop producing. We ask for cooperation…
- News
Thai government to control inflation prices for consumer products
As the Thai government attempts to control inflation, the PM Prayut Chan-o-cha says that there must be no shortages of consumer products or outages, and the prices must not be too expensive. The world wide inflation problems have been created by government’s artificially over-heating economies with quantitative easing rising energy and commodity prices and exacerbated by the ongoing Russia-Ukraine war.…
- Thailand News
Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14
The Samut Sakhon governor is continuing to recover from a dangerous bout of Covid-19 and is expected to be taken off a ventilator today. The 58 year old was in “critical condition” after contracting the virus on December 27. His infection was reported just a week after the outbreak at one of the largest seafood markets in the coastal province…
- Thailand News
Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8
Thousands of residents in Songkhla, Yala and Narathiwat, in the very south of Thailand, have been evacuated from their homes due to flash flooding from nearly a week of almost continuous heavy rain. Local authorities say a total of 18,024 households across 19 districts have been impacted. In Yala, the Sai Buri River has burst its banks, flooding homes and…
- Expats
Facebook group names and shames “farang prices”
In days gone by, a foreigner visiting a national park or tourist site could often expect to be charged several times the price charged to a local. Now, thanks to a Facebook community naming and shaming venues that apply “farang prices” to foreign visitors, those days are, well, numbered. Members of the 2PriceThailand Facebook group are warning each other about…
- World News
Facebook loses 56 billion in value amid boycott
Social media giant Facebook saw 56 billion dollars (1.73 trillion baht) wiped off its market value when markets closed Friday, after a slew of major advertisers announced a boycott. Some of the biggest brands are showing their displeasure about Facebook’s reluctance to curate the hate speech, fake news and political propaganda from the hugely popular platform. Facebook’s share price plunged…
- Tourism News
Koh Samui is looking to the skies, an island tethered to an airline
by Bill Barnett “I’m looking to the sky to save me. Looking for a sign of life” There is much to be said about the Thailand’s phenomenal rise in tourism over the past decade and that trend has eclipsed the borders of the Kingdom into other Southeast Asian countries like Indonesia, Vietnam and the Philippines. Fueled by a rising Asian consumer…
- Things To Do
The world’s Top 10 wealthiest monarchs and royal families
(Values are listed in USD) 1. King Maha Vajiralongkorn, Thailand The Thai royal family is currently listed as the richest royal family in the world. King Maha Vajiralongkorn is estimated to be worth US$30 billion. The Thai monarch’s wealth comes from investments made by the Crown Property Bureau, according to a report in the express.co.uk 2. Sultan Hassanal Bolkiah, Brunei The sultan…
