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People flocked to sell their gold at China town. The Gold Traders Association announced the buying and selling prices of gold has increased by 50 baht to a historic high.

The price of gold is currently high. The price of gold ornaments has reached nearing 29,000 baht, tempting people to sell.

The price of gold rose by Bt450 per baht weight in the morning trade on Tuesday (July 28), the Gold Traders Association reported.

As of 9.31am, the buying price of gold bars was Bt29,200 per baht weight and the selling price Bt29,300, while gold ornaments cost Bt28,667.56 and Bt29,800, respectively.

The price has increased by 1,200 baht since the beginning of the week, which is in line with the world market price, which has risen to a nine year high due to the concerns about the outbreak of COVID-19, which is affecting the growth of the global economy. It is also a result of the baht depreciation which has caused the price of gold in the count…

The Thai Rice Exporters Association cut its projection for 2020 rice exports from 7.5 million tonnes to 6.5 million tonnes, the lowest in a decade.

Thailand shipped 3.14 million tonnes of rice in the first six months of this year, down 32.7% from the same period last year, with an export value of US$2.2 billion, down 12% year-on year said the Thai Rice Exporters Association.

Based on those estimates Thailand could drop to the world’s third largest rice exporter, after Vietnam and India, due to a prolonged drought, which has affected rice output.

A prolonged drought has caused first crop output to fall by about one million tonnes and second crop output to fall short by about four million tonnes.

Other negative factors include the strong baht currency, which is about ten percent higher than last year, causing t…

BANGKOK (NNT) – In addition to several projects and agreements approved in the Cabinet meeting yesterday, the government has agreed to accept a 5 million dollar U.S. grant from the World Bank to reduce emissions of hydrofluorocarbon gas (HFC), which is one of the greenhouse gases affecting the globe’s ozone layer.

A Deputy Government Spokesperson, Rachada Dhanadirek, disclosed that the Cabinet, at its meeting yesterday, approved an acceptance draft for a 5.084 million dollar grant from the World Bank, to fund projects reducing the emission of environmentally harmful HFC gas.

At the same meeting, the Cabinet approved a financial aid campaign for Myanmar, providing a 1.46 billion baht loan to fund Yangon’s electricity system renovation project, on the understanding that the project utilises goods and services from Thailand for at least 50 percent of the contract’s value, and must hire Thai companies for construction and engineering consultations.<…

Thailand’s internationally admired performance in the pandemic of the COVID-19 virus has showcasedthe exceptional strengths of the country’s health care system and medical industry to further justifyits drive towards becoming one of the world’s top medical hubs.

A sophisticated healthcare system, universal healthcare coverage and robust public health consciousness have all contributed to Thailand’s success in containing the pandemic of COVID-19 virus and reporting one of the world’s lowest mortality rates from the disease.

Johns Hopkins University’s 2019 Global Health Security Index 1 ranked Thailand as the world’s 6th best prepared country for confronting the pandemic, reflecting the country’s public health care system’s preparedness for coping with major public health emergencies such as the pandemic of the Covid-19 virus.

Thailand ranks as the best country to have recovered from COVID-19 in Asia and ranks second among 184 countries recov…

Amid the rising adoption of cleaner cars around the globe, the Thailand Board of Investment (BOI) has already approved 24 projects by car makers to produce in the country electric vehicles of all types.

This includes hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs), with a combined capacity of over 500,000 units per year, BOI data shows.

With the ongoing shift towards EV in the global, regional and domestic markets, Thailand is counting on its strong foundation in the automotive and support sectors, as well as its strategic location, and comprehensive investment incentives to attract car makers investment in EV manufacturing.

The approved projects include Mitsubishi Motors (Thailand) Co., Ltd.’s 5.48 billion baht investment to upgrade the company’s existing car production line at Laem Chabang Industrial Estate to allow the annual production from 2023 of a total of 39,000 vehicles…