Soaring global oil prices are not expected to exceed US$100 per barrel despite worries over supply disruptions caused by conflicts in exporting countries, says national oil and gas conglomerate PTT Plc. Conflicts in several regions have made some oil traders uneasy, including a dispute between Russia and Ukraine, an attack by Yemeni rebel groups on […]
Read MoreThe Commerce Ministry has set up 55 teams to inspect the prices of goods and food throughout Bangkok and surrounding provinces to prevent price gouging and hoarding as prices continue to spike. According to Wattanasak Sur-iam, director-general of the Internal Trade Department, the inspection teams are set to take immediate legal action against merchants who […]
Read MoreThe baht opened at 33.15 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 32.96. The Thai currency is likely to move between 33.05 and 33.25 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht is likely to fluctuate and weaken as the dollar strengthens after the […]
Read MoreThe government is considering taxing stock trading for the first time in more than three decades, along with making crypto traders part with a share of their profits, as the government hunts for revenue to fund billions of dollars in pandemic relief. Prime Minister Prayut Chan-o-cha’s administration is expected to decide by end-January on the […]
Read MoreCommerce Minister Jurin Laksanawisit has pledged to tackle high palm oil prices this week after cooking oil prices jumped to nearly 70 baht per bottle from 56-60 baht at the end of last year. Speaking after chairing a war room yesterday to supervise ongoing increases in essential consumer goods prices including cooking palm oil, Mr […]
Read MoreRegulators plan to prohibit the use of digital assets to pay for goods and services because it could create a risk for financial stability and the economy. According to a joint statement by the Bank of Thailand, Securities and Exchange Commission (SEC) and the Finance Ministry on Tuesday, they have reviewed the benefits and risks […]
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