DEFENCE Minister Lt. Gen. Adul Boonthamcharoen said a key lesson learnt from the Thai-Cambodian conflict is that “money can’t buy weapons” and even if they are available an additional 30% surcharge is added and for this reason the country should produce what is essential for survival, PPTVHD36 said today (Aug. 18). In opening the
Tag: prices
New attacks on shipping as Iran war talks hit fresh impasse
– By Reuters and published by US News & World Report DUBAI: The US and Yemen’s Iran-aligned Houthis reported separate attacks on shipping on Tuesday (Aug. 11) as prospects for ending the Iran war appeared to dim, with Tehran saying the Strait of Hormuz would remain closed unless Washington accepts its conditions. The attacks, in
Read moreThailand able to cope with oil and LNG price volatility
AMID volatility of oil and liquefied natural gas (LNG) prices globally the Energy Ministry confirmed that as of July 30 Thailand has sufficient oil reserves for 101 days with several measures being implemented to mitigate the impact of higher oil prices and electricity costs on the public, PPTVHD36 said today (July 31). Mr. Veerapat
Read moreBrent falls below US$75 as Nasdaq drops for third straight day
By AFP and published by CNA NEW YORK: Oil prices retreated on Wednesday (June 24) to their lowest levels since the start of the United States-Iran war while tech shares continued to show weakness on a mixed day for global stocks. Brent crude dropped below US$75 a barrel for the first time since the
Read moreNetizens pile in after clip of deserted Koh Phi Phi goes viral
A VIDEO clip of deserted Koh Phi Phi off Krabi went viral online and attracted lots of comments with netizens pointing to high prices as a major issue dissuading tourists from visiting the well-known destination, Naewna newspaper said today (June 23). A TikToker by the name of Warinthonexworrac posted the video footage on the
Read morePrices of building materials soar as Middle East war drags on
THE Commerce Ministry said today (May 22) that ongoing US-Iran war has led to the construction materials price index rising 112.4 points in April, a jump of 5.9%, which is the highest in 44 months, according to PPTVHD36. Mr. Nantapong Chiralerspong, director of the Trade Policy and Strategy Office, said as the Middle East
Read moreOil touches 2-week high after drone attack on UAE nuclear power plant
By Reuters and published by The Star SINGAPORE: Oil prices extended gains on Monday (May 18) as efforts to end the US-Israeli war on Iran appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as US President Donald Trump is expected to discuss military options
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 moreMiddle East conflict hits Phang Nga tourism – hundreds of tour boats sitting idle
THE Middle East conflict has led to tourism in southern Phang Nga province declining with hundreds of tour boats sitting idle at Surakul pier, aka Kasom pier, in Takua Thung district which is a popular departure point for tours of Phang Nga Bay, Naewna newspaper said today (April 16). Ms. Chotimont (surname withheld), manager
Read moreUS oil benchmark jumps 8%, surpasses US$100 after failed US-Iran talks
By Agencies and published by CNA TOKYO – The US oil benchmark rebounded above US$100 a barrel on Monday (April 13) after peace talks between the United States and Iran failed to make a breakthrough, and with US President Donald Trump ordering a blockade of Iranian ports. Shortly after trading began, a barrel of
Read moreEnergy prices may not drop for another one to two years: Ekniti
AT the marathon parliamentary debate following the delivery of the Bhumjaithai-led government’s policy statement by Prime Minister Anutin Charnvirakul this morning (April 9), Deputy Prime Minister/Finance Minister Ekniti Nitithanprapas this evening thanked MPs for their suggestions on various economic issues while warning that energy prices may not return to pre-conflict low level for another
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 moreLabour groups protest high fuel prices at Govt House
REPRESENTATIVES of two large labour union groups and various civil society networks marched to Government House today (April 2) to demand lower fuel prices and action on costly consumer goods plus to stop supporting capitalists, TV Channel 7 said. Led by Mr. Sawit Kaewwan, president of Thai Labour Solidarity Confederation (TLSC), along with the
Read moreFarmers stockpiling fertilisers as war drives up prices
THE Middle East war has led to prices of fertilisers rising in Thailand with the situation exacerbated by a shortage of urea and this leading to farmers stockpiling as they fear further price hikes, Amarin TV said today (March 30). Ms. Pranee Banluesap, owner of a fertiliser and agricultural equipment store in Buriram’s Nang
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 moreTrump urges world powers to secure Iran shipping lane
By AFP and published by CNA WASHINGTON – US President Donald Trump urged other nations to help secure a vital shipping lane choked off by the war with Iran that showed no signs of slowing on Saturday (Mar. 14) as strikes hit the US embassy in Baghdad and a major Emirati energy facility. Two
Read moreThailand has crude oil reserves for another 98 days
IN ALLAYING fears about oil shortage, Deputy Prime Minister-cum-Transport Minister Phipat Ratchakitprakarn confirmed that the country has sufficient crude oil reserves for 98 days while the price of diesel will stay fixed till Monday (Mar. 16), TV Channel 7 and PPTVHD36 said today (Mar. 13). As the 15-day freezing of diesel price is expiring
Read moreNew govt urged to build energy security amid stagflation fears
AS energy shortages may occur during the current US-Israeli war on Iran, with this being a weak point of the Thai economy, the main challenge for the new government will be building energy security and coping with rising energy prices, People’s MP Anusorn Tamajai said today (Mar.8). Amid the looming energy shortages there is
Read moreFertilizer retailers fear prolonged war will drive up prices
WITH most urea fertilizer being produced and shipped from Middle Eastern countries, should the US-Israel war on Iran drag on there will be a ripple effect with retailers seeing sales plunge while farmers would have to cope with increased costs, TV Channel 7 said today (Mar. 7). A survey of fertilizer shops in Buriram
Read moreThailand has enough oil reserve for short term: Panel
WITH the US-Israel air war against Iran having expanded today (March 2) engulfing Lebanon, Gulf states and a British air base in far-away Cyprus, Thailand’s Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) reassured that there are sufficient oil reserves for 60 days and contingency plans could be utilised to secure supplies from
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