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Gold rush picks up as stocks sold

Local price tops B25,000 for first time. As stock markets continued their sharp decline, world gold prices soared to a record $1,779 an ounce yesterday and local prices broke the 25,000-baht barrier for the first time as investors sought safer places to park their cash.

Reprieve for traders despite court order

Coal traders Asia Green Energy and Unique Mining Services will likely escape hardships from the court order to stop coal transportation in Samut Sakhon due to their spare storage space but sentiment towards their stock prices could soften, according to brokerages.

Commercial projects transform Ratchada

After being perceived as an entertainment district for decades, the Ratchadaphisek area is being transformed into a major new business district with at least seven new commercial properties totalling 800,000 square metres scheduled to be completed in 2013.