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Long-term outlook for gold sturdy
Despite near-term price pressure, gold’s longer-term outlook remains firmly bullish, supported by structural demand and rising geopolitical risks, says YLG Bullion International.
Hotel bookings plunge as Mideast war hits travel
Hotels nationwide across all segments, including luxury, have reported a significant drop in bookings from May, with provinces dependent on European markets such as Phangnga facing a 50% decline, according to the Thai Hotels Association (THA).
PP maps out plans for ‘shadow cabinet’
The opposition People’s Party (PP) has set a framework and priorities for its newly formed “shadow cabinet”, pledging intensive oversight of the government over the next month while offering alternative policy proposals.
Democrats call for review of Land Bridge plan
The Democrat Party has called for the House of Representatives to set up a committee to scrutinise the government’s proposed Land Bridge megaproject, citing concerns over transparency, economic viability and what they described as an unusual rush to push the plan ahead.
‘On the verge of closing down’: India’s aviation industry under strain as fuel costs surge
The Federation of Indian Airlines has sought government support, warning of flight suspensions if the sector does not receive fuel tax relief.
Thai ex-PM Thaksin to be released from prison next month
Former Prime Minister Thaksin Shinawatra’s age and the fact that he had less than a year left to serve justified his early release, said Thailand’s corrections department.
Power tariff revamp, solar rooftop overhaul approved
The National Energy Policy Council (NEPC) has approved a new electricity tariff structure that will help millions of Thai households save money, along with sweeping measures to unlock residential rooftop solar development.
Thaksin granted parole, set for release on May 11
Former prime minister Thaksin Shinawatra has been approved for parole without the requirement to wear an electronic monitoring (EM) device, with his release scheduled for May 11.
Gold outlook stalls amid war inflation
Gold prices are projected to fall short of the previous forecast of US$6,000 an ounce for this year as war-induced inflation has lowered the possibility that global central banks will slash their interest rates as Middle East peace talks stalled, say gold and currency traders.