prices
- 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…
- Pattaya News
Brawl over boat pricing to Koh Larn erupts at Laem Bali Hai pier
Tourists were left in shock as a group of people herding guests aboard a boat to Koh Larn erupted into a brawl over pricing at the Laem Bali Hai pier in Chon Buri province. The video clip of the incident, which transpired yesterday, was released a day later and showed the two groups engaged in a heated and violent confrontation.…
- 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,…
- 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
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…
- Economy News
Thailand’s diesel price expected to spike starting May 1
Even though Thailand’s energy minister vowed last month to keep the 30 baht per litre cap on diesel prices until the end of May, officials now expect the diesel price to start pushing 35-36 baht per litre by the start of May. The director of the Energy Policy and Planning Office says all agencies have been instructed to plan how…
- 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,…
- 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,…
- 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…
- 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…
- 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,…
- 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…
- 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…
- 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…
