By Reuters and published by Yahoo!News WASHINGTON: The Federal Reserve raised interest rates on Wednesday (Sep. 17) and flagged more hikes in the coming months, with new US central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump administration’s inability so far to control inflation that policymakers worry could worsen.
Tag: hike
Diesel price soaring to 50.54 baht/litre tomorrow
THE Oil Fuel Fund committee decided to again decrease its subsidy for diesel and biodiesel B20 with this leading to the retail price at petrol pumps jumping to 50.54 baht/litre and 45.54 baht/litre respectively tomorrow (April 5), Amarin TV said. The committee reduced its subsidy for B7 diesel by 2.61 baht/litre, from 20.71 baht/litre
Read moreDiesel price hiked yet again, bus fares too rise
FOR the second day in a row the Oil Fuel Fund committee resolved to reduce the subsidy for diesel this time by 3.51 baht/litre to 14.27 baht/litre, resulting in an increase in the retail price at petrol pumps by 3.50 baht/litre to 47.74 baht/litre tomorrow, PPTVHD36 said this evening (April 2). In an announcement
Read moreFuel prices rising again tomorrow
ALL oil prices except for Premium Gasohol 95 are rising at 5 a.m. tomorrow (April 2) after the Oil Fuel Fund reduced the subsidy rate, Naewna newspaper said late tonight. This price increase is divided into two main groups as follows: 1/ Benzene and gasohol group: Increased by 1.20 baht/litre This covers Benzene 95,
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 moreTour boats at Bang Saray, Sattahip start docking as fuel prices rise
A BIG JUMP in fuel prices has severely impacted tourist boat operators at Bang Saray and Sattahip in Chonburi with unsustainable costs forcing many of them to dock temporarily as they called on the government for assistance, Amarin TV and TNN said today (March 26). Retail prices of diesel and petrol rose by six
Read moreFares rising on Skytrain Green Line extension routes from Nov. 1
BANGKOK Mass Transit System Plc, operator of the city’s BTS Skytrain system, announced a fare increase on the Green Line extension routes from 15 to 17 baht from Nov. 1, 2025 onwards but trips across core line and the extensions will not be higher than 65 baht, PPTVHD 36 said today (Oct. 28). Fares
Read moreChina hits back at Trump tariff hike, raises duties on US goods to 125%
By Reuters and published by USA Today Beijing/Warsaw/Washington- Beijing on Friday (Apr.11) increased its tariffs on US imports to 125%, hitting back against US President Donald Trump’s decision to hike duties on Chinese goods to 145% and raising the stakes in a trade war that threatens to up-end global supply chains. Meanwhile, the turmoil
Read moreCommerce chambers oppose nationwide 400-baht daily minimum wage
CHAMBERS of Commerce nationwide and labour-intensive trade associations have scheduled a press conference tomorrow (May 7) to voice their opposition to the Pheu Thai-led government’s move to increase the daily minimum wage across the country to 400 baht from Oct. 1, 2024, Naewna newspaper said today. The press briefing will be led by Mr.
Read moreHotelier urges govt to hike minimum wage at high season
A HOTEL association executive urged the government to increase the minimum wage for direct workers of 4-star and above hotels and resorts with minimum 50 employees in all or part of 10 provinces to 400 baht when the high season starts, Matichon newspaper said today (Mar. 27). The Tripartite Wage Committee yesterday approved this
Read moreMinimum wage for hotel, resort employees raised to 400 baht daily
By Thai Newsroom Reporters THE MINIMUM WAGE for all employees at hotels and resort places in Bangkok and nine provinces will be increased to 400 baht daily, beginning in the middle of next month, confirmed a senior government official today (Mar. 26). The Wage Committee chaired by the Ministry of Labour’s undersecretary Pairot Chotikasathian
Read morePeeraphan stunned by plan to hike petrol tax to incentivise train travel
DEPUTY Prime Minister-cum-Energy Minister Peeraphan Saleerathaviphak said today (Dec. 21) he does not know where Transport Minister Suriya Juangroongruangkit got the idea to hike excise tax on petrol only in Bangkok and surrounding provinces to incentivise people to travel by train and it probably won’t materialise, Naewna newspaper said. While Suriya said he will
Read moreTransport operators urge govt to halt NGV price hikes
LARGE TRANSPORT operators urged the Srettha Thavisin government to halt the increase of natural gas for vehicles (NGV), or compressed natural gas (CNG), after having reduced the pump price of diesel to less than 30 baht a litre starting tomorrow (Sep. 20), Naewna newspaper said. At a seminar at Suntara Hotel in Chachoengsao this
Read moreBTS confirms Skytrain fares to rise on Jan. 1
BANGKOK Mass Transit System Plc (BTS), the operator of the Skytrain system in the metropolis, today (Dec. 12) announced a fare increase for rides to 24 stations over a distance of 23.5 kilometres starting Jan. 1, 2023, TV Channel 7 said. The fare hike is applicable to the following lines: – Sukhumvit – Mo
Read moreThai central bank raises rates, willing to adjust tightening as necessary
By Reuters and published by US News & World Report THE Thai central bank raised its key interest rate modestly for a second straight meeting today (Sept. 28) to tame 14-year high inflation and said it was willing to adjust the size and timing of rate moves as necessary. The Bank of Thailand’s (BOT) monetary
Read moreBaht at its weakest point in 6 years as Fed’s aggressive rate hike looms
THE BANK of Thailand is keeping a close eye on the Thai baht which touched its weakest exchange rate to the US dollar today (June 15) as global markets brace for the sharpest rise in US interest rates in almost 30 years with the Federal Reserve taking action to halt rising inflation, INN News
Read moreTruck convoys heading for Bangkok to stage diesel price protest
A HUNDRED 10-wheel trucks, heavy trucks, trailers and buses from western and upper southern regions drove in a convoy to Bangkok this morning (Oct. 19) to join a protest by altogether a thousand large vehicles with six other convoys also participating to push for the capping of diesel price at 25 baht a litre, Matichon
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