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
Tag: prices
Oil 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
Read moreCrude soars, stocks drop after US strikes on Iran
By AFP – published by Yahoo!News and Thai Newsroom OIL PRICES soared and stocks fell in Asia on Monday (March 2) after US-Israeli strikes on Iran sent investors fleeing the prospect of an extended conflict in the crude-rich Middle East. Brent briefly spiked almost 14 percent and West Texas Intermediate nearly 12 percent at
Read moreStruggling rice farmers face planting zone adjustment
By TV Channel 7 and Thai Newsroom FARMERS who have grown rice their entire lives on their own land are preparing for a new life after the recent drop in rice prices as the government moves to encourage them to switch to other crops by establishing pilot planting zones covering 1 million rai. The
Read moreSuffering mangosteen farmers helped with prices now rising
AFTER THE Commerce Ministry’s Internal Trade Department stepped in to help mangosteen farmers in southern Nakhon Si Thammarat province last week prices of this fruit have now increased, Naewna newspaper said today (July 10). The farmers’ plight came to light when Commerce Minister Jatuporn Buruspat visited this province on July 4 after which he
Read morePrice of imitation gold jewellery climbs as real gold price skyrockets
WITH the selling price of 96.5% real gold jewellery reaching 53,500 baht a baht weight this morning (Apr. 26) a shop in Nonthaburi too has increased the price of imitation gold jewellery by 50 baht, TV Channel 7 said. As of 9.04 a.m. this morning the Thai Gold Traders Association set the selling price
Read moreLocal oil and gold prices set to rise as Songkran festival ends
WITH GLOBAL oil prices still rising while gold prices have been volatile amid growing chaos in the Middle East it is expected that the local prices of both will soar after Songkran festival ends tomorrow (Apr. 17), TV Channel 7 said this morning. Thai investors are continuously buying gold leading to major local gold
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