The National Energy Policy Committee (NEPC) on Wednesday resolved to remove the 40-billion-baht cap on loans to support the Oil Fund in the wake of the Russian invasion of Ukraine. Kulit Sombatsiri, permanent secretary for energy, said the decision will give the government more room to deal with soaring oil prices. The decision reached in […]
Read MoreMANILA, Philippines — Labor Secretary Silvestre Bello III has directed wage boards across the country to hasten their review of minimum wages over zooming fuel prices on account of Russia’s invasion of Ukraine that has sent global oil prices skyrocketing. In a statement, Bello said oil prices — which increased this week by between P3.60 […]
Read MoreThe National Energy Policy Committee (NEPC) has resolved to lift borrowing limits of the state Oil Fund to allow for management flexibility and approved guidelines to address surging fuel prices. Chaired by Prime Minister Prayut Chan-o-cha, the NEPC met on Wednesday to review plans to tackle soaring energy prices and decided to remove the borrowing limits […]
Read MoreThai consumer confidence dropped for a second straight month in February, hitting a five-month low, due to concerns over the Covid-19 outbreak, the Ukraine crisis and a slow economic recovery, a survey conducted by the University of the Thai Chamber of Commerce (UTCC) showed on Wednesday. The UTCC consumer index fell to 43.3 in February […]
Read MoreCainiao Network, the logistics arm of Alibaba Group, has announced the development of Cainiao Dong Nai Smart Logistics Park, which will be located in the Dong Nai province of Vietnam. The project, which has a total land size of nearly 168,000 square meters, will provide around 90,000 square meters of warehouse leasing space to support […]
Read MoreJAKARTA :Indonesia will further restrict exports of palm oil from Thursday to increase domestic supplies, as authorities ramp up efforts to contain a surge in cooking oil prices, Trade Minister Muhammad Lutfi said. The world’s biggest producer and exporter of palm oil will require companies to sell 30per cent of their planned exports of crude […]
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