The Gold Traders Association on Tuesday morning announced buying prices at 19,298.68 baht per baht-weight for gold ornaments and 19,650.00 baht per baht-weight for gold bar. Selling prices were set at 20,250.00 baht per baht-weight for gold ornaments, and 19,750.00 baht per baht weight for gold bar. This means gold prices are down 200 baht […]
Read MoreFearful that Thailand’s new labor rules will get them into trouble, tens of thousands of migrant workers are returning to neighboring Myanmar, Cambodia and Laos, causing hardship to themselves and their Thai employers. Labor regulations that took effect June 23 could give foreign workers without proper permits up to five years in prison, while their employers could […]
Read MoreA new wave of retail investment is taking over the Eastern Seaboard with local and Bangkok operators jumping on the bandwagon of the government’s Eastern Economic Corridor (EEC) initiative. The EEC, spanning a combined 30,000 rai in Chon Buri, Rayong and Chachoengsao, is intended as a special zone for investment in 10 targeted industries promoted […]
Read MoreExporters are more upbeat about the sector’s prospects after May’s strong performance, conceding that growth in shipments could hit 5% as projected by the government. Visit Limlurcha, vice-chairman of the Thai National Shippers’ Council, says Thai exports may manage to grow more than the 3.5% growth forecast by the council if the world economy continues to […]
Read MoreThai economic growth in the second half is expected to outpace the first half’s rate, underpinned by a recovery in domestic demand, says a senior official at the Bank of Thailand. “We [the Bank of Thailand] expect the Thai economy to grow better in the second half of this year from a stronger recovery in […]
Read MoreThe Bank of Thailand is set to announce tighter regulations governing unsecured loans next month as part of its effort to discourage consumers, particularly low-income earners, from accumulating further debt. The central bank is conducting public hearings on the regulations, expected to be announced in the Royal Gazette in July, said Ruchukorn Siriyodhin, deputy governor overseeing […]
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