Category: Business

Gold Prices Surge as Federal Reserve Rate Cut Looms

Bangkok: Gold prices have experienced a notable rise, reaching a new high as expectations mount for an interest rate cut by the US Federal Reserve. Analysts predict that gold futures in New York are set to hit record levels, driven by the anticipation of a rate cut during the Federal

Push for Thai Beef in High-End Market Through Farmer-Buyer Business Negotiations

Bangkok: The Department of Internal Trade (DIT) is spearheading an initiative to boost awareness and consumption of Thai beef by organizing a unique business matching event under the theme “First Love, Thai Beef Flavor.” This event invites locals to experience high-quality beef from Thai farmers, with an aim to decrease

PEA Advises on Safe Electricity Practices During Floods

Bangkok: The Provincial Electricity Authority (PEA) has issued critical guidelines for electricity usage in anticipation of potential flooding or stagnant water conditions. The public is urged to stay informed by closely monitoring weather updates and advisories from government and related agencies to ensure preparedness for any flooding events. According to

YLG Predicts Surge in Thai Gold Prices to 56,000 Baht This Year

Bangkok: YLG expects Thai gold prices to reach 56,000 baht this year. Thais are among the top 10 gold buyers globally, with demand surpassing 21% in the first half of 2024. According to Thai News Agency, Ms. Pawan Nawawattanasap, Chief Executive Officer of YLG Bullion International Co., Ltd. (YLG), stated

Suriya Steps Down as Transport Minister, Emphasizes Rama II Road Project

Bangkok: Suriya Juangroongruangkit has resigned from his position as Minister of Transport. Suriya, alongside Deputy Transport Minister Manoporn Charoensri, bid farewell to Ministry officials, urging the incoming minister to prioritize the completion of the Rama II Road by the year’s end. The decision on the continuation of the 20 baht

TFEX Collaborates with Gold Traders to Establish Thai Gold Benchmark Price

Bangkok: TFEX has partnered with five prominent gold traders to create a Thai gold benchmark price aimed at enhancing wholesale trading in the global market. The initiative aspires to eventually use this benchmark as a regional reference price, ensuring a standardized, transparent, and reliable calculation process. According to Thai News