Thailand
Thailand braces for impact of soaring oil prices following drone attacks on Saudi oil facilities
Source: https://www.nationthailand.com/business/30376287
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Thailand: Co-working spaces projected to rise 50%
Co-working spaces in Bangkok will rise by 50% over the next two years as many overseas firms move to Thailand because the US-China trade war is escalating, says property consultant Colliers International Thailand. Phattarachai Taweewong, Colliers’ associate director of research, said exponential growth in co-working space supply in Bangkok will be spurred by international operators. […]
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Thailand: Energy Ministry to see if oil situation will impact inflation
The Energy Ministry will hold a special meeting with the Energy Administrative Committee today (September 17) to discuss the possible impact the drone attacks on two major oil-processing facilities owned by Saudi Arabia’s Aramco may have on living costs in Thailand. Energy Minister Sontirat Sontijirawong said his ministry has already set up a war room […]
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Thailand: BoT blames easy loans for household debt woes
Zero-interest unsecured loans and online shopping are blamed for the country’s swelling household debt, says the Bank of Thailand’s chief. Previous administrations’ tax rebates for first-time car buyers, financial institutions’ promotional campaigns, and changing consumer behaviour in the digital era are also factors spurring retail loan demand and debt accumulation, said central bank governor Veerathai […]
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Thailand: B1.5bn from Oil Fund to level prices
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 […]
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Thailand: Worries rise as baht scales six-year high
The 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 […]
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