surge

  • 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

    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

    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…