A global energy crunch is sending liquefied natural gas (LNG) prices skywards, but Thailand needs to ramp up its purchases to offset a steep production fall at its largest gas field and as sanctions threaten supplies from Myanmar. The Southeast Asian country has little choice but join the scramble for alternative gas supplies at a […]
Read MoreMORE affordable electric vehicle (EV) prices as well as rising crude oil and petroleum prices are set to prompt a surge in EV demand nationwide, according to DBS Group Research. In a report on Tuesday (Mar 15), DBS said it believed demand for EVs are on the rise due to a combination of environmental concerns, […]
Read MoreThe baht opened at 33.44 to the US dollar on Tuesday, weakening from Monday’s close of 33.38. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.35 and 33.50 during the day. Poon said the Thai currency could weaken further but the fall would slow and cause the baht to swing […]
Read MorePayments technology company Mastercard has been working closely with related parties everywhere, including Thailand, to prepare for the future of payments in which digital currencies will be a critical choice for consumers, said Aileen Chew, country manager of Mastercard for Thailand and Myanmar. Regarding Mastercard’s vision for Thailand in terms of the future of payments, […]
Read MoreThe Land Transport Federation of Thailand (LTFT) has called on the government to further cut diesel excise tax and abandon sales of diesel, blended with expensive palm oil-derived methyl ester, for six months to better control domestic diesel prices during the global oil price surge. The Energy Policy Administration Committee earlier decided to reduce the […]
Read MoreAfter 18 years of suspended exports, 11 Thai chicken factories have been given permission by Saudi Arabia to export chilled and frozen fresh chicken, effective as of March 13. According to Commerce Minister Jurin Laksanawisit, on March 13 the commercial ambassador in charge of the Saudi market and a charge d’affaires of the Thai Foreign […]
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