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- Business News
Banking on gains: Thai banks ‘interest’ed in profit uptick for 2024
Thai banking sector profits have seen a modest uptick for the first nine months of 2024, buoyed by rising interest and fee incomes. Yet, the backdrop of swirling economic uncertainties has kept banks on their toes, continuing to stash away hefty reserves for potential loan losses. The pack of 10 Stock Exchange of Thailand (SET) listed banks and their subsidiaries…
- Tourism News
High-end hotels check in higher rates amid rising tourist numbers
High-end hotel operators are poised to increase room rates during the High Season as tourist numbers are anticipated to rise in the coming months, while mid-tier and lower-tier hotels continue to face challenges. The hotel operator sentiment index reveals this trend. Thienprasit Chaiyapatranun, President of the Thai Hotels Association (THA), reported that the average occupancy rate in September was 55%,…
- Business News
Thai exports up 7% in August, hitting US$26.2 billion
Thai exports saw a significant rise in August, expanding by 7% to reach US$26.2 billion (940 billion baht), fuelled by a surge in demand for agricultural and food products. This growth was attributed to the increased purchasing power of trading partners, alongside support from global climate fluctuations and the recovery of the service sector in key markets, said Poonpong Naiyanapakorn,…
- Thailand News
Thailand’s unemployment drops, but Bangkok sees increase
Thailand has experienced a notable decline in its overall unemployment rate from May to June, except Bangkok, as revealed by a recent survey conducted by the National Statistical Office (NSO). The NSO reported that the number of unemployed individuals decreased to 379,000 in June, down from approximately 482,000 in May. This survey encompassed the working-age population of 59.19 million people…
- Thailand News
Gold prices in Thailand rise to 40,950 baht per baht weight
Gold prices in Thailand saw a significant rise today, prompting many to check the latest rates. Compared to the closing price from yesterday, June 18, gold ornaments are now being sold at 40,950 baht per baht weight. According to the Gold Traders Association, the price increase today was 150 baht. As of 9.08am, the local gold bar buying price stands…
- Business News
Gold prices expected to rise amid Federal Reserve rate cuts
YLG Bullion International advises investors to accumulate gold as prices consolidate, with expectations of a rise in the medium to long term, particularly after anticipated interest rate cuts by the Federal Reserve later this year. Global gold prices have increased by 13.2% this year as of today, driven by high demand from central banks and institutional investors amidst tightening supply,…
- Thailand News
Thai ornament gold price hits 40,950 baht, investors watch closely
Gold prices in Thailand saw a continuous rise, with the Gold Traders Association (GTA) marking the opening of the market with an uptick. Those interested in the precious metal would note the significant increase in the selling price of ornament gold, which reached 40,950 baht per baht-weight as of today, May 8, showing a 50 baht increase from the previous…
- Business News
Thai stock exchange rises 1.5% but investors remain cautious
The Stock Exchange of Thailand (SET) experienced a 1.5% rise on October 11, attracting foreign investors who bought almost 3 billion baht (US$82,648,050) in stocks. Despite this, seasoned investor 50 year old Watchara Kaewsawang, exhibited caution about re-entering the market, citing the recent increase as a short-lived technical rebound following a series of downturns. Watchara acknowledged that his trading activity…
- Covid-19 News
China’s economy expected to grow 1.6% in 2020 – World Bank
Much the world is currently seeing continuing surges of new Covid-19 cases, some countries are well into their 2nd wave. Meanwhile China is quietly getting it’s industrial engine and economy going again as new cases. In fact China’s number of ‘active cases’ has been dropping since April, and now is fewer than 200 total cases across the country. Along with…
- Covid-19 News
Europe is warned of rising Covid-19 rates as it enters the autumn season – WHO
“We are by no means out of the woods” – WHO chief Tedros Adhanom Ghebreyesus. The World Health Organisation is warning that Europe will face a rising death toll from Covid-19 during the northern hemisphere autumn. The warning comes as the number of world daily infections hit a record high. The WHO reported 310,692 new cases worldwide on September 11, with…
- Covid-19 News
Victoria’s capital, Melbourne, records 580 Covid-19 cases in past two days
Australia’s second biggest city, Melbourne, the capital of Victoria, has reported 363 new cases of Covid-19, after 217 cases were recorded yesterday. The recent spike in cases follows almost 2 and a half months of single-digit daily cases. The outbreak has been caused by inbound citizens, returning from overseas and defying quarantine regulations. Victoria’s Premier Daniel Andrews has announced that…
- Covid-19 News
Australia reports largest rise of Covid-19 in two months
Australia’s second most populous state of Victoria has deployed ambulances and mobile test centres after recording the largest rise of daily Covid-19 infections in two months. 33 people have reportedly tested positive in the southern state for coronavirus in the past 24 hours, marking nine days of double digit new cases. Desperate to contain the outbreak, authorities are beginning a testing…
- World News
Singapore hit by a second wave of coronavirus cases
Singapore was a paragon of coronavirus containment. Covid-19 was under control in the island state. Case number were flattening out. But the virus has made a resurgent return with the previous ‘flattening’ of new cases now spiking. As Italy, Spain, the UK and US founder under a seemingly relentless pandemic, despite lockdowns and best intentions, several Asian nations stand out…
- Covid-19 News
Thai epidemiologist warns public to stay home to avoid virus surge
As the number of Covid-19 coronavirus infections rises around Thailand, an epidemiologist from the Ministry of Public Health is urging the public to stay home, avoid all social interaction unless absolutely essential and practise social distancing whenever you need to go outdoors to avoid an outbreak like those in Italy and Spain. Ministry epidemiologist Walairat Chaifoo says that the total…
- Economy News
Thai exports figures rise in January
Whilst there’s been plenty of economic challenges around for Thailand, including the high Thai baht and a levelling out of tourist arrivals, exports for January 2020 unexpectedly rose according to ministry figures. It’s the first rise in six months, and an increase of 3.35% from the exports 12 months earlier. The customs-cleared export numbers have been boosted by higher shipments…
- Tourism News
Thailand’s changing tourist demographic – the Indians
Take a walk around the markets of Pratunam in downtown Bangkok and you’ll soon discover there’s a new type of tourist in town. For years, Thailand’s tourism scene was dominated by Chinese visitors, with 10.5 million in 2018 alone, accounting for about 28% of total foreign arrivals. It still is. But after the tour boat Phoenix, carrying mostly Chinese tourists, sank off…
- Health
Syphilis on the rise again in Thailand
Syphilis is again on the rise in Thailand. Although curable, this sexually transmitted disease can turn fatal if patients fail to recognise their infection and thus lose a chance to get timely treatment. The Bangrak STD centre, which is under the Disease Control Department, recently warned on its Facebook page that the number of syphilis cases had been rising at a…
- Business News
Exports rise nearly 7% in August, the highest this year
Thai exports have gown at 6.68% to US$23.8 billion during the month of August, the highest gain so far this year. The announcement from Ms Pimchanok Wornkhorporn, director of Trade Policy and Strategy Office of the Commerce Ministry. Exports for the first eight months of this year rose 10.03% and, for the rest of 2018, are expected to grow 8…
