Laos, Malaysia and Thailand have agreed to expand a trilateral power deal, under which Lao electricity will be sold to the Malaysians via the Thai grid, Thailand’s minister of energy said Thursday. “Thailand, Laos and Malaysia achieved a new purchase deal, raising the capacity from 100 to 300 megawatts,” Sontirat Sontijirawong, Thailand’s minister of energy, […]
Read MoreIn an interview with the Bangkok Post, chairman of the Joint Foreign Chambers of Commerce in Thailand (JFCCT) Stanley Kang called for the government to review the enforcement of the draconian TM30 immigration reporting regulation for expatriates, overseas students and foreign retirees, citing a slew of negative impacts not only on those affected but also […]
Read MoreThe government has moved to ally fears about the state of the economy, insisting the country is not in recession. Government spokeswoman Narumon Pinyosinwat said some critics are relaying inaccurate descriptions of the state of the economy. Certain civic groups have said the country has slid into recession, which is incorrect. A recession is when […]
Read MoreCP Vietnam Corporation, a subsidiary of SET-listed Charoen Pokphand Foods Plc (CPF), expects 2019 revenue to grow by 10%, driven by higher purchasing power in Vietnam. Montri Suwanposri, president of CP Vietnam, said the market is rapidly expanding because of Vietnam’s GDP growth of 7-8% annually. The Vietnam government is investing heavily in megaprojects to […]
Read MoreThe Revenue Department estimates that value-added tax (VAT) collection will fall short of the target for this fiscal year because of waning domestic consumption and the stronger baht, and the shortfall could extend to next year if the situation remains unchanged. VAT collection, an indicator of domestic consumption, was 0.5% lower than targeted for the […]
Read MoreFuel Pipeline Transportation (FPT) plans to conduct a feasibility study to extend an oil pipeline to Myanmar to capture dynamic oil demand. FPT is a subsidiary of SET-listed Bangkok Aviation Fuel Services. FPT chairman MR Supadis Diskul said the company has set up a study team in August to determine project viability. The oil pipeline […]
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