Gold skyrockets as banks still wobble
Gold prices passed US$2,000 for the first time in more than a year on Monday as UBS's recent takeover of its Swiss rival Credit Suisse for $3.2 billion failed to assure investors about ongoing bank woes.

PHICHIT: The Akara gold mine, also known as Chatree gold mine, resumed operations on Tuesday after a six-year suspension.
The Board of Investment's (BoI) ability to approve new investment applications and hold roadshows in foreign countries will remain intact after Prime Minister Prayut Chan-o-cha dissolved parliament on Monday.
Gold prices passed US$2,000 for the first time in more than a year on Monday as UBS's recent takeover of its Swiss rival Credit Suisse for $3.2 billion failed to assure investors about ongoing bank woes.
International trade growth is forecast to stagnate this year as countries have raised interest rates to combat surging inflation, says DHL.
BRUSSELS: European Union antitrust investigators have raided the energy drink maker Red Bull over suspicions it abused its dominance in the wildly popular market, officials said Tuesday.
Electricity Generating Plc (Egco), the power generation arm of Electricity Generating Authority of Thailand, plans to spend 30 billion baht on growing its power business this year by increasing capacity by 1 gigawatt.
PHICHIT: The Akara gold mine, also known as Chatree gold mine, resumed operations on Tuesday after a six-year suspension.
Flights between Thailand and China on Spring Airlines have recovered to 50% of pre-pandemic levels and are expected to resume normal frequencies this year, aided by high demand and a forecast of 5% Chinese GDP growth.
The Office of the National Broadcasting and Telecommunications Commission (NBTC) started the recruitment process for a new secretary-general on Monday, running to April 7.
Energy authorities expect to launch a new national power development plan (PDP) in an effort to better promote and support greater use of renewable energy.
The Board of Investment's (BoI) ability to approve new investment applications and hold roadshows in foreign countries will remain intact after Prime Minister Prayut Chan-o-cha dissolved parliament on Monday.
Central Restaurants Group (CRG) looks set to spend almost 1.5 billion baht to expand its food business this year.
The Tourism and Sports Ministry expects investment in the Songkhla Lake Basin to generate more than 100 billion baht in revenue for local communities over 10 years.
Bangkok Aviation Fuel Services Plc (BAFS) expects its jet fuel sales to increase by 40% to 4.2 billion litres this year, up from 3 billion litres in 2022, thanks to the lifting of international travel restrictions.