surge
- 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
Commerce Ministry monitors 18 categories as transport costs surge
The Commerce Ministry launched a comprehensive monitoring initiative for prices across 18 categories as transport costs for the logistics sector surged by up to 9%. The Director-General of the Internal Trade Department, Wattanasak Sur-Liam, stated that the categories under scrutiny include instant noodles, fresh food, canned food, bagged rice, seasoning sauce, vegetable oil, carbonated drinks, milk and dairy products, electrical…
- 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
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…
- Thailand News
Southern simmer: Betong noodle vendor stays grounded as prices boil over
In the southern Thai town of Betong, Yala Province, consumers and food vendors are feeling the pinch as the prices of essential goods and ingredients creep upward. Amidst this economic squeeze, one noodle vendor remains resolute in her commitment to her customers, refusing to increase prices despite soaring operational costs. The 45 year old woman, Lampai Langprakhon, who runs Nuch…
- 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 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
Bitcoin forecast to break US$80,000 barrier by year-end
Cryptocurrency prices, particularly Bitcoin, have experienced an unexpected surge this year. The world’s largest cryptocurrency exchange, Binance’s chief executive, Richard Teng, previously predicted Bitcoin would conclude 2024 at approximately US$80,000. However, current market trends indicate that Bitcoin could surpass that figure before the year ends. Bitcoin’s popularity has been on the rise, reaching an all-time high of US$73,750 in mid-March.…
- 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
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
Rice prices surge to 15-year high amid demand and El Niño concerns
Rice prices have surged to a 15-year high amid growing concerns about the impact of increased demand and the effects of El Niño on supplies. The grain, a dietary staple for billions of people in Asia and Africa, saw its cost rise 2.5% last week, reaching US$650 a tonne, the highest point since October 2008. This information, provided by the…
- 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…
