Silom Road, Bangkok’s nightlife district, is the most expensive area to buy land in Bangkok, followed by Phloen Chit Road, according to data the Treasury Department gathered from 2016-2019. The pandemic may have fluctuated the prices, but no data on land value for 2020 has been reported by the department. They also say only asking prices were recorded, so it’s unclear how much the price decreased by during negotiations. On Silom Road, land prices per square wa are up to 1 million baht while land on Phloen Chit Road have been reported to cost up to 900,000 per square wa. A square wa is about 4 square metres. Land on Rajadamri Road ranges from 750,000 baht to 900,000 baht per square wa. The cheapest areas to buy land in Bangkok are farmlands in the Bangkhuntian district. Land prices range from 500 baht to 10,000 baht per square wa. Properties on Silom Road are also the most expensive in Bangkok. The price for a 170 square wa 4 storey office on the road costs around 155 million baht, ... » Learn More about Silom Road tops as the most expensive area to buy land in Bangkok
Petrol prices in area
ASF and the recovery of our local hog industry
The outbreak of the African swine fever (ASF) was first officially recorded in September 2019 in one of the backyard hog raisers in Rodriguez, Rizal. Animal scientists hypothesized that the ASF virus must have originated from leftover food (kaning baboy or swill in the local language) collected by backyard hog raisers from major restaurants and hotels in Metro Manila and then fed to their pigs. From there, the virus spread to Bulacan and other Central Luzon provinces where carcasses of infected animals were sold or used by meat processors. At present, around half of the country’s provinces located in nine regions have been hit by the ASF. Most of those affected are located in the island of Luzon, particularly Central Luzon and the Calabarzon regions which produced 18.2 percent and 17.2 percent, respectively (more than 35 percent), of total hog production in 2019. Impacts on supply and prices As a result, total hog population, which is estimated by the Philippine Statistics ... » Learn More about ASF and the recovery of our local hog industry
Tariffs, triumphs and thoroughness
Thoroughness is the key for tariffs to result in triumphs for both consumers and producers. This is especially important today since tariff charges are being considered to address our pork crisis. The pork price has significantly increased, partly causing an inflation uptick that should be controlled immediately. Tariff levels are a critical strategy for national economic development. If they are too high, they cuddle inefficient local producers. Consumers lose because they are forced to buy unnecessarily expensive products. If tariffs are too low, our producers will not be able to compete with imported products. Jobs will be lost and, with few options available, poverty will increase. The pork tariff levels today appear to have been working well. They are now at 40 percent. A small volume of 54,000 tons is given an in-quota 30-percent tariff because of special negotiated agreements. There is currently a proposal that for the targeted 400,000 imported tons, the 30 ... » Learn More about Tariffs, triumphs and thoroughness
February inflation highest in 2 years
The Philippines posted its fastest inflation rate in over two years last February, racing to 4.7 percent on higher pork prices, the Philippine Statistics Authority (PSA) reported on Friday. The surge is the fastest since the 5.1 percent in December 2018 but slower than the 4.8-percent projected by economists surveyed by The Manila Times. The year-to-date consumer price growth averaged 4.5 percent, surpassing the central bank’s 2- to 4-percent range for 2021. In a briefing, National Statistician Claire Dennis Mapa said inflation was boosted by the 6.7-percent growth in the heavily weighted food and nonalcoholic beverages sector, which was faster than the 6.1 percent in January. Meat prices climbed by 20.7 percent in February from 17.1 percent in January, Mapa said. A kilo of pork meat with bones in Metro Manila slid to P299 in February, from the P338 the month before. A kilo of pork with pure meat dropped to P323 in February from the P368 in January. In areas outside Metro ... » Learn More about February inflation highest in 2 years
Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8
Thousands of residents in Songkhla, Yala and Narathiwat, in the very south of Thailand, have been evacuated from their homes due to flash flooding from nearly a week of almost continuous heavy rain. Local authorities say a total of 18,024 households across 19 districts have been impacted. In Yala, the Sai Buri River has burst its banks, flooding homes and farmland. The director of Yala’s Irrigation Project Office says they remain worried about the low-lying areas, adding that the total amount of rainfall to date has broken records set more than a decade ago. Landslides have also been reported but with no report of fatality or injuries. In Songkhla, 2 districts were flooded by rainwater coming down from the mountains, while some residences and farmlands on riverbank areas of Narathiwat were flooded. Local government agencies said food and other aid were already sent to the affected areas. Only essential travel is now allowed to and from the 5 coastal “red zone” provinces. ... » Learn More about Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8
Value of gold continues to soar in Myanmar
Gold entrepreneurs said that the price of the precious metal had increased by K10,000 compared to prices at border areas. “The price of local gold is high right now due to the political developments in the country,” said U Zaw Aung from Teik Sein Gold Shop. The value of local gold currently stands at K1.375 million per tical, an increase of K5,000 from last week, he said. The price of gold per tical was approximately K1.368 million at the beginning of February 2021. It reached K 1.37 million following the Tatmadaw’s forced transfer of power and currently stands at K 1.375 million. An earlier report said the increase in demand for the precious metal had resulted in a shortage of the commodity. It said the value of gold in Myanmar soared due to the ongoing political unrest and rumours surrounding the demonetising of certain bills in the country. The Central Bank of Myanmar has since dispelled the rumours. - Translated ... » Learn More about Value of gold continues to soar in Myanmar
5G is about to be real
People mill about in front of a poster for the licence auction. Wichan Charoenkiatpakul After years of hype, hope and techno-futuristic promises, Thailand will finally see the beginnings of the fifth generation of wireless broadband as the nation's telecoms bet big on 5G. On Feb 16, the three major mobile operators and two state telecom enterprises bid a combined 100 billion baht at the auction for the spectrum required to set up 5G infrastructure. The high winning prices raised eyebrows among industry experts, media outlets and the general public. The haul the state raised is the envy of neighbouring governments and a big blow to the budgets of domestic telecom companies. The auction for three spectrum ranges ran for over five hours with a total of 23 rounds of bidding, raising some 30 billion baht more than targeted by the National Broadcasting and Telecommunications Commission (NBTC). The high bidding prices came as a surprise, as telecom companies had earlier loudly ... » Learn More about 5G is about to be real
Saviour or hype?
Panellists discuss whether 5G will truly be a game changer in the telecom world. (Photo by Pornprom Satrabhaya) 5G can lead to an explosion of innovation among creatives and content creators, but not before the technology becomes affordable and widely available, says a panel of local tech gurus at the Bangkok Post's "5G: The Game Changer" event on Thursday. BETTER SPEEDS, BETTER CONTENT Aticharn Cherngchavano, the renowned tech content creator known as Ou-Spin9, pointed out 5G not only ensures the fastest speed internet signal, but also caters to multiple connected devices in a certain area. "When 5G speeds come into full force, developers will be able to usher in broader ranges of content, including immersive 3D elements." — Aticharn Cherngchavano, Tech content creator He said content developers are now designing their materials in line with the current network speed, such as 4G, but in the future when 5G speeds come into full force, developers will be able to usher in ... » Learn More about Saviour or hype?
SMART CITY: THE WORLD OF OUR MAKING
The COVID-19 pandemic has provided a timely demonstration of the extent to which digital technology could become fully entrenched in a city, as a means to support public health precautions and maintain effective infection control. Sensor connectivity and the Internet of Things (IoT) have been used to facilitate the screening for and tracking of infections while also enabling the delivery of contactless services in the new normal of people’s daily lives. Thailand has successfully implemented a smart tracking system called “Thai Chana”, which allows residents to check in and out when visiting public spaces. By tracking people’s visits to public places, the system is able to recommend a test and/or quarantine via a notification to users who visited that specific place, at the same time as a person who was later found to be infected. As the latest ICT technologies and next-generation data platforms become realities, Thailand and its fellow ASEAN members remain committed to enhancing ... » Learn More about SMART CITY: THE WORLD OF OUR MAKING
Blueprint for a greener recovery
The initial and individual country responses to the pandemic have been two-pronged: first to tackle the health emergency and second to restore the economy. Given the scale of socio-economic impacts, the 37th ASEAN Summit recognised the need for coordinated actions and promulgated the ASEAN Comprehensive Recovery Framework (ACRF), which serves as the consolidated exit strategy for the region. The five strategic areas of ACRF are intended to address both the region’s immediate needs during the reopening stage for a successful transition to the “new normal” as well as medium- and long-term needs through the stages of COVID-19 recovery and for longer-term sustainability. The framework also aims to advance a more sustainable and resilient future. The pandemic has put ASEAN governments in a bind, forcing them to choose between saving lives and protecting livelihoods. Since March, ASEAN members have announced several special economic recovery packages equal to 2pc to 7pc of their ... » Learn More about Blueprint for a greener recovery