prices

  • Thailand News

    Pork price crisis ups demand for poultry, chicken added to price control list

    Thailand’s pork price crisis is causing an increased demand for chicken, leading poultry and egg prices to surge. The Ministry of Commerce has now added chickens and chicken meat to their price control list. The ministry now mandates that chicken raisers with over 100,000 chickens, and slaughterhouses with the capacity for over 4,000 chickens a day, disclose their quantity, stocks,…

  • Economy News

    Pork, petrol and noodles – inflation impacting prices in Thailand

    Heading into 2022, the ‘I’ word is spooking economists around the world as they look at tools to try and control rampant inflation. Even in Thailand there has been big rises in staples, making headlines this week, particularly in the pork industry. Meat and produce prices have been sneaking up and now impacting the cost of living for everyone living…

  • Phuket News

    Phuket tops travel destination list of cheapest hotel prices – Dertour 2020 Price Index

    Phuket tops a list of the cheapest travel destinations with a 1 night stay at a hotel costing on average less than $30 USD, according to a study by the German travel company Dertour. Phuket is going through what some say is a “crisis”, certainly a current tourist vacuum. The island province largely relies on income from foreign tourists, but…

  • Covid-19 News

    Tourism minister says he’ll punish hotels price-gouging during “We Travel Together”

    Hotel operators around Thailand will face being “delisted” and fined if they are found to be raising hotel room rates under the new stimulus campaign being rolled out by the Thai government, called “We Travel Together”. The campaign is designed to boost domestic tourism and covers 40% of a hotel’s room rate, as long as it doesn’t exceed 3,000 baht per…

  • Events

    New Normal for property developers as marketing moves online

    PROPERTY EVENT “The coronavirus pandemic comes at a moment where the Thai real estate market has seen an over-supply coupled with reduced demand since 2019 due to appreciation of the baht and overall economic sentiment.” Restrictions on movement, a lack of foreigners visiting and inspecting properties, and an economic slowdown are putting pressures on Thailand’s property market. At the same…

  • Business News

    Commerce Ministry announces another round of price drops on staple products

    The Thai Ministry of Commerce will soon launch a fourth round of price reductions, which will take place at a district level. The ministry has already received cooperation from the business sector to help those affected Covid-19 by lowering product prices, sometimes by as much as 68%, on 3 occasions, In the fourth round, around 7,100 consumer goods are being…

  • Covid-19 News

    3,025 household goods prices will be reduced by up to 68%

    The Commerce Ministry, along with dozens of companies. has announced the reduction of the cost of many household goods as the Covid-19 crisis has affected the spending power of people across the country. Minister Jurin Laksanawisit says “3,025 consumer products have now been discounted by up to 68%.” “The cheaper goods will be available until June 30.” Companies who are…

  • Covid-19 News

    Oil prices tank, as crisis fuels calls to re-open economies

    And now a global oil crisis hits home as well. Oil prices have crashed into negative territory after global coronavirus-related travel restrictions impacted demand. After addressing the early crisis with ‘lockdowns’ and social distancing, now the narrative pivots to lifting stay-at-home orders and re-opening economies. Some European countries have taken tentative steps to ease restrictions as coronavirus death rates start to…

  • 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…

  • 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…

  • Bangkok News

    Bangkok land prices plateau, new tax on the way

    Land prices in the Thai capital are forecast to plateau, or even drop this year. This would be the first time in more than ten years that Bangkok’s land prices have levelled off. So what is causing the sudden surge in land becoming available? Property and real estate consultants say the changes can be blamed on the general economic slowdown…

  • Health

    Thai Department proceeds with crackdown on shameless price gouging on medications

    Despite a lot of resistance from the local Thai private hospital networks, The Department of Internal Trade says they will proceed with its crackdown to control prices of medicines now that it has received their price lists. Once legislation is enacted, hospitals selling medicines above the median price set by the department will face fines and/or imprisonment. Since August 16,…

  • Thailand News

    How Thailand became a casualty in the US-China trade war

    from South China Morning Post and AFP About one third of all the rubber in the world comes from Thai forests, many in the southern regions. But a sudden drop in Chinese demand has compounded a longer term global oversupply crisis to push prices off a cliff. Countries like Vietnam are benefiting as manufacturers migrate from China to avoid punishing tariffs…