AS PRIME Minister/Interior Minister Anutin Charnvirakul is keen on further considering the 1-trillion-baht Land Bridge project, the Transport Ministry will be tabling the scheme to the cabinet sometime between June and July with the aim of starting it within this year, Amarin TV said today (April 25). The Land Bridge project is designed to
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Govt urged to quickly initiate serious energy conservation steps
AS A prolonged closure of the Strait of Hormuz, lasting over eight weeks, is pushing the world toward an energy lockdown rather than just soaring prices, the Thai government should implement serious energy conservation measures before a forced shutdown occurs, which could be too late, PPTVHD36 quoted TISCO Economic Strategy Unit (TISCO ESU) as
Read morePM calls 3 private sector bodies to economic cabinet meeting
PRIME Minister Anutin Charnvirakul today (April 21) said representatives from three key private sector institutions will be invited to join the economic cabinet meeting held on Mondays with the one they will first participate in scheduled for next Monday (April 27) with various issues to be discussed including economic stimulus measures and policies to
Read morePeople’s MP warns borrowing additional 500 billion baht increases fiscal risks
SHOULD the government issue an emergency decree to borrow an additional 500 billion baht Thailand’s debt-to-GDP ratio would rise to 75 percent and thereby increasing fiscal risks, People’s MP for Bangkok Dr. Anusorn Tamajai said today (April 20). The government also has to guarantee an additional 150 billion baht for the Oil Fuel Fund
Read moreGovt working on ensuring sufficient palm oil supply for domestic use
WITH an increase in the use of palm oil for production of B7 and B20 biodiesel the Commerce Ministry this morning (April 20) said the entire system is being balanced to ensure sufficient supply for domestic use while simultaneously maintaining price stability for the benefit of farmers, PPTVHD36 and Thai Rath newspaper said. Mr.
Read moreOil prices drop 9% and Wall Street rallies to a record after Iran reopens the Strait of Hormuz
By AP and published by Yahoo!News NEW YORK – Oil prices dropped back to where they were in the early days of the Iran war, and US stocks raced to another record on Friday (April 17) after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude from the Persian
Read moreKhaosan road expecting 200,000 revellers on last day of Songkran
WITH the Songkran fun at Silom road having ended today (April 15) the last day of Songkran festival a lot of revellers have turned up at Khaosan road with the total expected to exceed 200,000, Amarin TV said. Mr. Sanga Ruangwattanakul, president of Khaosan Road Business Association, said it is estimated that approximately 140-150
Read moreOver 8% surge in foreign tourist arrivals during Songkran
SONGKRAN festival led to an 8.76 percent increase in the number of foreign tourist arrivals this week compared to last week with holidaymakers from China topping the list, TV Channel 7 said this evening (April 14). The Ministry of Tourism and Sports said 106,504 Chinese tourists came to Thailand this week, followed by 90,524
Read moreHow a US blockade near the Strait of Hormuz could work and the impact ahead for the global economy
By AP and published by Yahoo!News A BLOCKADE of Iranian ports that US President Donald Trump said began Monday (April 13) could further disrupt oil prices, has spurred questions about international law and leaves doubts about whether the pressure tactic will force Tehran to reopen the vital Strait of Hormuz. Trump threatened to impose
Read moreEkniti unveils ‘old car for new car’ scheme to cut oil use
BEING considered is a measure to promote exchanging old cars for new electric/hybrid cars to reduce reliance on oil with this being part of the Finance Ministry’s strategy to drive economic growth, PPTVHD36 said this evening (April 10). Deputy Prime Minister/Finance Minister Ekniti Nitithanprapas said other steps include reducing officials’ study trips, topping up
Read moreJoint working group set up to tackle plastic pellet shortage
WITH THE situation in the Middle East having led to increasing scarcity of plastic pellets in Thailand, a joint working group comprising representatives from four ministries has been set up to address this issue and prevent it from impacting cost of living and product prices, PPTVHD36 said today (April 8). Industry Minister Varawut Silpa-archa
Read moreSevere shortage of microchips while steel prices rise
THAI manufacturers have been further hit with a double whammy as a severe shortage of microchips has thrown this market into turmoil while prices of all types of steel products are initially rising by 10-15 percent this month, Naewna newspaper said this morning (April 6). Mr. Nawa Chantanasurakorn, vice president of the Federation of
Read moreCAAT foresees flight reduction after Songkran festival
THE Civil Aviation Authority of Thailand (CAAT) expects airlines to gradually reduce the number of flights as they adjust their operational plans to align with rising fuel costs while mitigating oil supply risks after Songkran festival, TV Channel 7 said this evening (April 3). Signs of international airlines gearing up to reduce the number
Read moreBusiness group slashes Thai GDP forecast over soaring energy prices
THE Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) today (April 1) cut its 2026 GDP forecast for Thailand to 1.2-1.6 percent, down from previous projection of 1.6-2.0 percent, citing soaring global energy prices brought on by the Middle East war, PPTVHD26 said. Mr. Kriengkrai Thianukul, chairman of this key committee, said the
Read moreKorn: Isn’t 17 baht a litre refining margin excessive?
DEMOCRAT deputy leader and party-listed MP Korn Chatikavanij today (March 31) said that as he calculates the refining margin has surged to 17 baht a litre and questioned whether this isn’t already excessive profiteering, TV Channel 7 said. In a post on his personal Facebook page, the former finance minister said today with diesel
Read moreFarmers object to midnight oil price hikes
FARMERS pleaded with the authorities to not announce oil price hike in the middle of the night as occurred last night and took effect at 5 a.m. this morning (March 31) with this being the second time a midnight announcement was made, the first being a 6 baht hike that took effect last Thursday
Read more6 baht fuel price hike will not stop smuggling: MP
THE SUDDEN increase of oil prices by 6 baht a litre in the middle of the night will not significantly solve the problem of smuggling fuel to neighbouring countries because the price difference is still very high with a gradual or tiered increase based on world market being a more appropriate measure, People’s MP
Read moreFederation reluctantly hikes transport charges
THE HEAD of the Land Transport Federation today (Feb. 27) tearfully announced raising charges because higher fuel prices made it difficult to maintain the cost structure while fearing a domino effect, Amarin TV said. Dr. Thongyoo Kongkhan, the federation’s president, said 136 associations nationwide covering road, bus, and water transport sectors attended a meeting
Read moreIran ‘sends message to Thailand offering to sell crude oil at special price’
IN A dramatic turn in the current energy crisis, Dr. Lerpong Sayed, president of the Thai-Iranian Alumni Association, said Tehran had sent a message to Prime Minister Anutin Charnvirakul offering to help Thailand by selling crude oil at a special price below global market rate to help alleviate the hardship of the Thai people,
Read moreFishing boats may stop operating at month’s end: Industry leaders warn
THE OIL crisis has so badly hit the fishing industry that leaders of this sector in Samut Sakhon province, better known as Mahachai, today (March 23) warned that fishing boats may cease operation nationwide at the end of this month leading to hundreds of thousands of job losses unless the government reins in soaring
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