The Energy Ministry plans to use 1.5 billion baht from the state Oil Fund to support local oil prices, expected to rise one baht per litre in the short term after 10 drones struck Saudi oil facilities on Saturday. The plan is an urgent agenda item for the Energy Policy Administration Committee (Epac) meeting on […]
Read MoreIndonesia posted a trade surplus of US$85.1 million in August in a reversal from the trade deficit it recorded the previous month, according to the latest data from Statistics Indonesia (BPS). “In August 2019, exports fell, but imports fell even more sharply in value,” BPS head Suhariyanto said on Monday in Jakarta, explaining the surplus. […]
Read MoreThe baht continued its upward trend, appreciating to Bt30.42 to the US dollar on Friday, up from Bt30.67 the previous Friday, after having risen to a six-year high of Bt30.36 at some time during the day. Regional currencies also moved up against the US dollar as markets expressed relief about the trade war and the […]
Read MoreExperts warn that the retail price of oil is likely to rise Bt1-2 per litre following the weekend attack on Saudi oil facilities, with some calling on the government to subsidize the price. The world oil prices jumped 15-19 per cent on Monday following Saturday’s attack.. “It could translate into retail oil prices going up […]
Read MoreThe CPI in July 2019 decreased by 0.5 per cent year-on-year compared to July 2018. Prices of Food and Non-Alcoholic Beverages decreased by 0.6 per cent. Non-Food prices also decreased by 0.5 per cent. The CPI decrease was largely attributed to decreases in the prices and costs of Transport (4.2 per cent); Housing, Water, Electricity, […]
Read MoreAnother day, another technology to consider. In recent years, the buzz has been all about blockchain, which was created initially to support bitcoin and other cryptocurrencies that operate independently from central banks. Blockchain, also known as distributed ledger technology (DLT), is valued for its ability to publicly validate, record and distribute transactions in unhackable encrypted […]
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Thailand
