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
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Severe 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 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 moreThailand to strengthen controls on gold trading to curb baht rise, central bank chief says
By Reuters and published by CNA THAILAND will impose controls on gold trading as it bids to tackle its overvalued baht currency and ease pressures on economic growth, central bank governor Vitai Ratanakorn said on Wednesday (Jan. 28). The baht has gained about 1.5 percent against the dollar so far this year after a
Read moreDon Mueang tollway rates to rise from December
THE Don Mueang Tollway Pcl, operator of Uttraphimuk elevated tollway better known as Don Mueang tollway, today (June 20) announced that it is increasing toll rates from Dec. 22, 2024 onwards, Amarin TV said. Thenceforth for five years, Dec. 22, 2024 to Dec. 21, 2029, the toll fee for Din Daeng-Don Mueang stretch will
Read moreWheat prices jump following collapse of major dam in southern Ukraine
By AP and published US News & World Report Washington – The collapse of a major dam in southern Ukraine sent global prices of wheat and corn higher early on Tuesday (June 6). Wheat prices gained 2.4% in early trading on Tuesday at the Chicago Mercantile Exchange, to $6.39 a bushel. The cost of
Read moreMonthly pay increase for all subdistrict administrative officials confirmed
By Thai Newsroom Reporters PRIME MINISTER PRAYUT Chan-o-cha today (Mar.2) confirmed monthly pay for all local administrative officials in the provinces nationwide will be increased across the board later this year. Prayut told an audience of local government officials in Udon Thani that Interior Minister Anupong Paojinda will issue a statement in a royal
Read moreElectricity bills set to rise in 2022
THE Energy Regulatory Commission (ERC) has decided to increase the fuel tariff (FT) rate to 1.39 satang per per kilowatt-hour (unit) during the first four months of next year leading to average electricity rate of 3.78 baht per unit, or a 4.63 percent increase from the current period., Thai Rath newspaper said. This afternoon (Nov.
Read moreUS Ambassador to China stepping down as tensions with Beijing rise
By Reuters staff, published by Swissinfo.ch Beijing – US Ambassador to China Terry Branstad will retire and leave Beijing early next month, the embassy said today (Sept. 14, 2020) Branstad, 73 years old and a former governor of Iowa, leaves at a time when relations are strained, notably over bilateral trade, allegations about information security,
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