prices
- 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…
