Bangkok-based PTT Exploration and Production Plc (PTTEP) has acquired a 100 per cent stake in the Murphy Oil Corporation’s (Murphy) business in Malaysia The deal, worth $2.1 billion ( Bt67 billion) was reported to the Stock Exchange of Thailand late on Thursday and was struck through the purchase by PTTEP’s subsidiary company, PTTEP HK Offshore […]
Read MoreThe Hanoitimes – Coal-fired power would still play a key role in the country’s electricity industry in the coming years. Foreign investors have recently shown their concerns about the country’s risk of power shortage next time, but experts said the government will increase the electricity supply, especially from coal-fired power, to meet the country’s rapidly rising […]
Read MoreCustoms-cleared exports rebounded in February after a three-month contraction, but the increase was largely due to a one- time shipment of arms for military drills and the transport of oil-related products and gold. The Commerce Ministry reported on Thursday that Thailand’s outbound shipments rose 5.9% year-on-year last month to US$21.55 billion. Without oil-related products, gold and […]
Read MoreSingapore’s trade minister said on Wednesday he was hopeful that an Asia-wide trade pact, which is backed by China and excludes the US, could be sealed by the end of the year. On a visit to Washington, Minister for Trade and Industry Chan Chun Sing said a clearer picture would emerge on the Regional Comprehensive […]
Read MoreKUALA LUMPUR: The ringgit opened unchanged against the US dollar today as investors awaited the release of the Consumer Price Index (CPI) for February by the Department of Statistics later in the day. At 9 am, the local currency was traded at 4.0600/0650. A dealer said as the previous CPI showed the country facing deflation, […]
Read MoreJAKARTA: Indonesia threatened to ban imports of some goods from the European Union in retaliation for the bloc’s move to impose stricter limits on how palm oil can be used in green fuels. The world’s largest palm oil producer is considering such a step to protect the interest of almost 20 million people, whose livelihood […]
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Thailand
