prices
- Business News
Federal Reserve statements impact gold prices, Thai domestic rates soar
Gold prices have been impacted by recent statements from the Federal Reserve, indicating possible rate increases this year and a likelihood of high rates throughout next year. This information, released on Wednesday, elevated the US dollar and bond yields, putting pressure on gold as investors revised their future price expectations for the precious metal. Consequently, Thursday saw a retreat in…
- Thailand News
Duck egg prices quack up as rain dampens Khon Kaen production
Continual rainfall in Khon Kaen has led to a decrease in duck egg production, driving the cost of duck eggs to an unprecedented high of 170 baht per tray. Salted eggs have also seen a price increase, now costing 8 to 10 baht per egg. Reporters yesterday visited Ban Dong Pong, Moo 10, Sila Subdistrict, Mueang District, Khon Kaen Province,…
- Thailand News
Krungsri Bank anticipates Thai baht fluctuation amid global market developments
The Global Markets team at Krungsri Bank predicts a movement in the Thai baht this week within the range of 35.40 to 36.00 baht per US dollar. Last week, the baht closed weaker at 35.79 baht per US dollar after trading in the range of 35.43 to 35.82 baht per US dollar. The dollar strengthened against the euro but held…
- Business News
Rice prices boil over, stirring inflation concerns for Asian central banks
Central banks across Asia are bracing themselves for the challenge of curbing inflation amid soaring food prices, particularly rice, a dietary staple in the region. The cost of rice surged to its highest since 2008, sparking concern among economists at HSBC Holdings Plc. Frederic Neumann, leading a team of economists at HSBC, referred to the significant impact of the 2008…
- Thailand News
Rice prices spike threatens farmers in Thailand
An increase in rice prices is causing concern for local farmers and rice millers in Uttradit, Thailand. The Agricultural Cooperative of Uttradit City Limited, known for producing and selling the “Good Udom” brand of bagged rice, is currently facing a shortage of husked rice. This crisis is due to large-scale rice millers purchasing at high rates, causing the price of…
- Economy News
Gold demand dips, jewellery market sees prices fall to 32,100 per baht weight
Demand for gold jewellery in Thailand experienced a drop causing a significant price dip in today’s market, according to the local gold traders association. The gold bar was trading at 32,100 baht per baht weight, a reduction of 150 baht compared to yesterday’s closing price, as reported on the association’s official website at 9.24am today. The 96.5% pure gold bars…
- Thailand News
Jasmine flower prices double ahead of Mother’s Day celebrations
In the run-up to the upcoming Mother’s Day festival, people often give dear old mum jasmine flowers to show appreciation for their mother’s kindness, affection and love. But capitalism means that as the demand for jasmine has risen sharply, prices for the flower are also surging. At the Jor Jae market today, in Pimai Sub-district, Nakhon Ratchasima, 61 year old…
- Economy News
Rice prices skyrocket in Thailand due to drought effects and export ban
A meeting is set to be convened today by Commerce Minister Jurin Laksanawisit evaluating the repercussions of the drought instigated by the El Niño weather occurrence, and potential courses of action in response to the surge in rice prices. Concurrently, the Commerce Ministry under the watchful eyes of Wattanasak Sur-iam, chief of the Internal Trade Department, is monitoring good prices,…
- Business News
Sena Development to launch affordable condos amid rising housing prices
Sena Development Plc, a SET-listed developer, plans to develop more affordable condo projects in response to an anticipated decline in purchasing power due to increasing housing prices. Atika Boonrodchoo, Sena Assistant Managing Director, expects housing prices to rise by 5% this year as a result of rising construction costs, including materials and wages. She said… “Purchasing power may not be able…
- Thailand News
Thai durian farmers on the lookout for thieves after prices jump
Thai durian farmers are on the lookout for thieves now that durian prices have jumped. Durian farmers in the northern Tak province, located near the border with Myanmar, are taking extra precautions to protect their orchards from thieves following a significant increase in durian prices this year. The rising prices prompted farmers to guard their fruit day and night, according…
- Business News
China’s new home prices rise for 4th month, but pace slows
China‘s housing market experienced a fourth consecutive month of growth in April, albeit at a slightly reduced pace, as the government‘s efforts to stabilise the sector continue to boost sentiment following the country’s rapid recovery from Covid-19 restrictions. New home prices in April increased by 0.4% month-on-month, compared to a 0.5% rise in March, based on Reuters calculations using data…
- Economy News
Price of Thai consumer goods might increase due to diesel price hike
The price of diesel in Thailand is set to increase next month, beyond the 30 baht per litre cap, but the Commerce Ministry has promised to do everything it can to keep consumer goods costs under control. The public is now worried about the products being more expensive due to the increase in diesel price. The diesel prices, connected to…
- Thailand video news
Thailand News Update | Thailand’s inflation highest jump in 13 years, 5.7% year on year.
Thai billionaire Dhanin Chearavanont, senior chairman of CP Group, Thailand’s largest private company, has dropped from number 103 in last year’s ranking of Forbes’ new World’s Billionaires to number 137. Tesla CEO Elon Musk has topped the list for the first time. He ranks Number 1 with an estimated net worth of US $219 billion. This year, the total net…
- Economy News
As Thailand’s fuel prices spike, stockpile raised
As Thailand’s fuel prices continue to spike, officials have announced that the government will extend fuel stockpiling. Thailand’s Deputy PM and Energy Minister said in a meeting yesterday that the government has instructed oil companies to extend stockpiling of oil reserves from 60 to 70 days to help defuse a pending crisis. He said Thailand will keep its policy of…
- Thailand News
Thai noodle price crisis averted
After some local media outlets reported that noodle prices will rise soon, Thai trade officials claim this isn’t true. The director-general of Thailand’s International Trade Department told the Bangkok Post the department has not yet approved any manufacturers raising their prices. The director-general said the department regularly speaks to instant noodle manufacturers. He said manufacturers who want to raise prices…
- World News
Asia News Today | Japanese government “on alert” for local provocations, here comes 6G”
The Japanese government says it’s on alert for any provocations in East Asia… specifically from China, Russia and North Korea. In addition to North Korea’s launch of a ballistic missile into the Sea of Japan last Sunday, military exercises conducted by China and Russia are becoming more active in the waters and airspace around Japan over the past 3 months,…
- 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…
- Northern Thailand News
Property slump in Thailand’s North
Real estate developers in Thailand’s North are a bracing for a slump in the residential property market, as the number of home buyers is dwindling and banks are imposing stricter rules on home buyers and reportedly denying mortgages. The president of the Chiang Mai Real Estate Association says the economic slowdown and lower confidence among buyers will lead to a…
- 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…
- Covid-19 News
Discounts on 72 consumer goods to ease Covid-19 impact
Thailand’s commerce minister yesterday announced the reduction in price for 72 consumer goods by 5-58% to help people affected by the Covid-19 crisis. The new discounts, which went into effect yesterday, will run until June 30. The products include rice, palm oil, instant noodles, milk, frozen foods, condiments, toilet paper, talcum powder, toothpaste, toothbrushes, sanitary napkins, soap, shampoo, face cleansers,…
- 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
Average hotel prices drop in Thailand in 2018
The latest Hotel Price Index (HPI) released by Hotels.com reveals no sign of a slowdown for the global travel industry. Prices are up for overnight accommodation by 3% globally in 2018 across every regional index, except for the Pacific region, including Thailand. Hotel.com has 85 websites in 34 languages, and lists over 325,000 hotels in approximately 19,000 locations. Its inventory…
