surge
- Business News
Bitcoin nears US$100,000 as Trump boosts investor confidence
Bitcoin‘s rapid ascent towards the US$100,000 mark gained momentum today, driven by investor optimism about a potential supportive stance from the incoming US administration under President-elect Donald Trump. Traders in Asia saw bitcoin prices surpass US$96,000 for the first time, reaching a peak just above US$96,898. This year has witnessed a dramatic surge in bitcoin’s value, with its price more…
- Thailand News
Gold prices in Thailand surge, prompting investor action
Gold prices showed significant movement today, with the Gold Traders Association (GTA) announcing five adjustments resulting in a notable increase. Gold ornaments are selling at 44,550 baht per baht weight. This surge of 400 baht is compared to yesterday’s closing price. In the latest update posted at 10.04am, today, November 6, domestic gold bars were being bought at 43,950 baht…
- Business News
Bitcoin set for record high amid US election and rate cuts
Bitcoin is poised for a potential surge to a new record high this month, driven by expectations of further US policy rate cuts and a potential victory by Donald Trump in the US presidential election, according to insights from Merkle Capital, a digital asset fund manager. Last month, Bitcoin reached US$73,600, marking an increase of over 25% compared to the…
- Tourism News
15,000 Malaysian tourists flock to Thailand for Diwali, Halloween
Thailand’s southern border districts are experiencing a significant surge in visitors from Malaysia as tourists flock across the border to celebrate Halloween and Diwali. Yesterday, October 31, marked a notable influx, with over 15,000 Malaysian tourists crossing the Sadao immigration checkpoint in Songkhla‘s Sadao district. The day coincided with Malaysia’s public holiday for the Diwali festival, prompting many to take advantage…
- Business News
Thai gold prices poised to break past record amid global surge
Gold prices in Thailand are poised to break past the previous high of 42,150 baht per baht-weight (15.2 grams) as international gold prices hover near record levels, nearing US$2,700 per ounce, according to local traders. Yesterday, September 25, domestic gold prices rose by 200 baht, reaching 41,100 baht for gold bars, as the price of bullion increased by 0.3% to…
- Business News
Thai stocks hit 18-month high as baht rallies post new govt formation
Thai stocks surged to their highest levels since March last year, with the baht also experiencing a significant rally. This boost in financial markets follows the formation of the new government, sparking optimism over policy continuity. The Stock Exchange of Thailand (SET) Index rose by as much as 2.9%, driven by gains in the packaging, information and technology, and petrochemical…
- Business News
Export-tional growth: July’s 15.2% surge is highest in 28 months
Exports in July surged by 15.2%, marking the highest growth rate in 28 months, attributed to easing inflation and increased purchasing power among trading partners. Poonpong Naiyanapakorn, the Director-General of the Trade Policy and Strategy Office (TPSO), reported that July’s exports rose by 15.2% to US$25.7 billion (938 billion baht), primarily driven by the cooling global inflation, which considerably enhanced…
- Thailand News
Thailand to investigate blackchin tilapia surge within seven days
Thailand’s Agriculture and Cooperatives Ministry tasked the Fisheries Department with a seven-day deadline to determine the cause behind the surge in the blackchin tilapia population. Prayoon Inskul, permanent secretary for the ministry, announced yesterday, July 20, that a comprehensive plan has been devised to address the outbreak affecting 16 provinces. The initial strategy involves a committee working to control the…
- Business News
Gold prices rise with ornaments at 40,750 baht per weight
Gold prices surged today as the Gold Traders Association GTA) announced an increase, with gold ornaments selling at 40,750 baht per baht weight compared to yesterday’s rates. This change was recorded at 9.03am, today, June 12, showing a 100 baht rise from the previous day. Gold bar prices in the domestic market were set at 40,150 baht per baht weight…
- Tourism News
Indian guests find a ‘Thai’-light in Airbnb bookings surge
New data from Airbnb reveals a significant rise in bookings by Indian guests in Thailand between 2022 and 2023. The statistics show an impressive increase of over 60% year-on-year, with notable peaks during the recent long holiday weekends. During these periods, searches by Indian guests for stays in Thailand surged by more than 200%. According to Thailand’s Ministry of Tourism…
- Business News
Predicted surge in global gold prices to US$2,500 per ounce
Global gold prices are set to touch US$2,500 per ounce in the latter half of this year, as per predictions by local gold traders, despite a recent slump below US$2,300. The market has scaled down its expectations for US interest rate cuts this year to a maximum of two times, a reduction from the previously anticipated three to four times.…
- Business News
Thailand ramps up border telecom crackdown to curb crimes
A crackdown on crimes facilitated by local telecom signals at Thailand’s borders has been ramped up by the National Broadcasting and Telecommunications Commission (NBTC). This move followed an emergency meeting between the regulator and private telecom operators to address potential criminal activities in these areas. NBTC Deputy Secretary-General Trairat Viriyasirikul revealed that in many border regions, there have been instances…
- Economy News
Gold prices in Thailand surge to historic 42,050 baht high
Gold prices reached a new high today, with the Gold Traders Association (GTA) reporting a significant increase to 42,050 baht per baht weight, marking a historic surge. In a remarkable shift, gold ornament prices soared by 600 baht compared to the previous day’s closing figures. The GTA website showed that as of 9.02am, domestic gold bars were purchased at 41,450…
- Business News
Thai govt plan for energy cost surge amid Israel-Iran conflict
Thailand’s Ministry of Commerce issued directives to state bodies to devise strategies to mitigate potential surges in energy costs in the event of an escalation in the Israel-Iran conflict. The directive follows Iran’s missile and drone assault on Israel, a retaliatory move against Israel’s alleged attack on Iran’s consulate in Damascus earlier this month. This marked the first direct attack…
- Thailand Weather Updates
Bangkok battles hazardous levels of PM2.5 dust pollution alone
A robust surge of PM2.5, particulate matter 2.5 micrometres or less in diameter, descended upon the Thailand capital Bangkok this morning, setting the city apart as the only one battling seriously hazardous red-coded levels of fine dust pollution. This stark revelation came from the Geo-Informatics and Space Technology Development Agency (GISTDA). The state space agency’s report at 10am highlighted the…
- Thailand News
Thailand responds to surge in flesh-eating disease cases in Japan
A surge in the number of flesh-eating disease cases, officially known as necrotising fasciitis, in Japan, has prompted a response from Thailand’s Department of Disease Control (DDC). The DDC gave reassurances yesterday that no instances of the rare but deadly bacterial infection have been reported in Thailand this year. The DDC is keeping a close eye on the developments in…
- Business News
Thailand forecasts 558 billion baht foreign investment in key sectors
Following a series of global roadshows led by Prime Minister Srettha Thavisin, the Board of Investment (BoI) anticipates a surge of at least 558 billion baht (US$15 billion) in foreign investment inflows into Thailand. The funds are expected to be channelled primarily into four critical sectors – digital, electric vehicles (EVs) and components, electronics and semiconductors, and logistics. BoI’s Secretary-General,…
- Business News
Fed’s rate cut sends gold soaring past US$2,200 per ounce
Gold soared beyond US$2,200 per ounce for the first time, following the Federal Reserve’s decision to maintain its forecast of three rate cuts this year. The Federal Reserve seems undeterred by recent inflation increases. Early trading saw Bullion reach an unprecedented high before retreating slightly. Its meteoric rise since mid-February has been underpinned by enduring support such as escalating geopolitical…
- Thailand News
Pandemic alert: 8,197 Thailand dengue cases reported in January
The Disease Control Department (DCD) issued a stark warning amid a surging wave of dengue fever cases, urging the public to shield themselves from mosquito bites. With a staggering tally of over 8,000 infected individuals and a count of 13 fatalities so far, the situation demands immediate attention. Thongchai Keeratihuttayakorn, the DCD Director-General, revealed alarming statistics, indicating a 91.25% surge…
- Thailand News
Surge in Covid-19 infections and rising death toll in Thailand
According to the latest report from the Department of Disease Control (DDC), a staggering 718 patients were admitted to hospitals between January 14 and 20 in a skyrocketing surge in Covid-19 infections. The grim statistics reveal a grim reality, with the death toll soaring to 11, a stark contrast to the four reported just a week earlier. The average daily…
- Business News
TAT forecasts surge of Chinese tourists into Thailand via land in 2023
The Tourism Authority of Thailand (TAT) predicts that over 300,000 Chinese tourists are expected to cross into Thailand overland next year. This surge is due to the China-Laos railway, contributing to visitor numbers, especially in the northeast’s second-tier cities. Chuwit Sirivejkul, TAT’s regional marketing director for East Asia, indicated that around 70,000 to 100,000 Chinese tourists, 2% to 3% of…
- Phuket News
Phuket sees Covid-19 surge, lax prevention and booster shot issues
Thailand’s island province of Phuket has experienced a concerning surge in Covid-19 infections over the past month, according to the Provincial Public Health Office. Deputy Chief Dr Muanprae Boonlorm highlighted that Vachira Phuket Hospital has seen a rise in Covid-19 patients since the Songkran holiday in mid-April. The number of hospitalisations due to pneumonia and Covid-19 related fatalities have also…
