Search Results for: oil prices
- Business News
Shifting gears: Thai interest charges towards hybrids, veers from EVs
Interest in battery electric vehicles (BEVs) among Thai consumers has declined over the past year, while hybrid electric vehicles (HEVs) have gained popularity, according to a survey conducted by Deloitte. The 2024 Global Automotive Consumer Study indicates that the percentage of Thai respondents interested in purchasing a BEV has dropped to 20% this year from 31% in 2023. Conversely, interest…
- Thailand video news
Thailand Video News | British pedophile arrested after 30 years in Thailand faces new charges, drunk Russian women assault Thai woman after car crash in Phuket
In Thailand Video News, Alex discusses the latest events and stories in Thailand today. A British pedophile who evaded capture for almost 30 years has been arrested and faces new charges. Two Russian women who were allegedly drunk have crashed into a Thai woman’s car in Phuket and assaulted her. Brothers in Thailand have been arrested for a Facebook scam…
- Business News
Commerce Ministry monitors 18 categories as transport costs surge
The Commerce Ministry launched a comprehensive monitoring initiative for prices across 18 categories as transport costs for the logistics sector surged by up to 9%. The Director-General of the Internal Trade Department, Wattanasak Sur-Liam, stated that the categories under scrutiny include instant noodles, fresh food, canned food, bagged rice, seasoning sauce, vegetable oil, carbonated drinks, milk and dairy products, electrical…
- Thailand News
Thailand’s 44,410 trillion baht mineral reserves unveiled
Thailand harbours over 30 trillion tonnes of mineral reserves, with 40 types of minerals, estimated at a staggering value of 44,410 trillion baht, which could prove pivotal for securing the country’s raw material needs in the coming years, according to the Department of Mineral Resources (DMR). In a recent press conference, the DMR Director-General, Phichit Sombatmak revealed that the National…
- Business News
Lay’s chips in: PepsiCo to grow revenue by 15% for Thai farmers
Pepsi-Cola (Thai) Trading Co (PepsiCo), the producer and distributor of Lay’s potato chips, has intensified efforts to boost agricultural productivity among its 5,800 contract farmers, aiming to increase revenue by 15% for 35% of these farmers by 2030. General Manager of Indochina Foods and Chief Commercial Officer for Asia-Pacific, Sudipto Mozumdar highlighted the challenges posed by climate change and rising…
- Thailand News
Ratchaburi farmers back new fertiliser project to cut costs
Farmers in Ratchaburi are optimistic about the Half-and-Half Fertiliser project, designed to alleviate financial strain and reduce production costs for rice farmers. The project, approved by the Ministry of Agriculture and Cooperatives, aims to support farmers planting rice in the 2024 to 2025 production year by providing 50 kilogrammes of fertiliser per rai, with a cap of 20 rai per…
- Lifestyle
Rising hookup culture in Thailand
As global advancements propel societal transformations, one significant shift gaining momentum is the rise of the hookup culture in Thailand. Particularly in the face of the global pandemic, there’s been an increased prevalence of alternative forms of social engagement. This compelling transition in social norms warrants a comprehensive examination. Within Thailand, also fondly referred to as the Land of Smiles,…
- Thailand News
Flooding in Nakhon Ratchasima boosts income with tadpole sales
Heavy rainfall in Nakhon Ratchasima has led to flooding in several areas, prompting locals to catch tadpoles in rice fields. These tadpoles are used in traditional dishes, reducing household expenses and generating additional income as they sell for 300 baht per kilogramme. Recent reports indicate that various parts of Nakhon Ratchasima province have experienced rainfall, which has moistened the soil…
- Tourism News
Record sea temperatures leave Thai corals feeling the heat
Sea surface temperatures on Thailand’s eastern gulf coast hit record highs during a regional heatwave, causing significant coral bleaching and threatening the local marine ecosystem. This poses severe risks to tourism and the livelihoods of local communities. Marine biologists and locals are alarmed by the impact of rising sea temperatures on marine life. The vibrant and colourful corals, typically found…
- Thailand News
Cannabis crackdown: Only buds back on the blacklist
Public Health Minister Somsak Thepsutin revealed that only cannabis buds will be reclassified as Category 5 narcotics, while the rest of the marijuana plant remains legal. This dramatic shift is set to clarify the murky waters of Thailand’s cannabis regulations, following Prime Minister Srettha Thavisin’s controversial pledge to recriminalise marijuana. “The new directive will specify that leaves, branches, roots, stems,…
- Thailand News
Record sea temperatures devastate coral reefs and marine life
Record sea surface temperatures in Thailand’s eastern gulf coast are causing severe damage to the region’s aquatic life, raising concerns among scientists and local communities. Coral reefs that were once vibrant and colourful, situated about 5 metres underwater, have turned white due to coral bleaching. This phenomenon indicates deteriorating health caused by elevated water temperatures. Data reveals that sea surface…
- Business News
Tipco Asphalt profits plummet 99% due to delays
Tipco Asphalt Plc (Tasco), listed on the Stock Exchange of Thailand (SET), faced a challenging first quarter with reduced earnings and profits due to delays in state budget spending and low global asphalt prices. Despite this, the company remains optimistic about returning to normal growth levels within the year. The company reported a significant revenue drop of 37%, falling to…
- Cannabis
Thailand faces cannabis reclassification deadline
The Government of Thailand faces a rapidly approaching reclassification deadline set by cannabis advocacy groups. Cannabis Future Network, a prominent pro-cannabis group, stated last week that whether the Public Health Ministry intends to fully or partially reclassify cannabis, the decision must be backed by scientific evidence. The group has given the government 15 days to substantiate its stance. Reclassifying cannabis…
- Guides
Tips & practices for first-time travel adventurers in Thailand
Are you preparing for your inaugural expedition to the esteemed Land of Smiles? Thailand, widely known for its sophisticated culinary culture and congenial atmosphere to backpackers, provides an ideal sanctuary for first-time travellers from various backgrounds. Irrespective of whether you’re embarking on a solo expedition, as part of a duo, or in the context of a group, the nation’s congenial…
- Cannabis
The importance of having a cannabis zipper
Considering the investment in cannabis with prices for an ounce, or a zip, in legal markets, ensuring your stash remains top-notch is critical. A cannabis zipper comes to the rescue here, expertly sealing in that freshness and shielding your precious greens from any pesky external factors. It means that every single pound spent mirrors directly in the awesomeness of your…
- Thailand Cannabis Guide
Best dispensaries in Bangkok 2024
Looking for a place to buy weed in Bangkok? With a significant number of cannabis dispensaries scattered around the city, it can be very overwhelming to choose one. Obviously, quality and variety vary widely among dispensaries, so selecting the right one is vital for a satisfactory experience. If you wish to have all the time in the world to visit…
- Thailand News
Military’s risky rice plan revealed
Thailand’s Defence Minister Sutin Klungsang unveiled a bold plan regarding the nation’s rice surplus, promising to purchase rice stored under a contentious scheme. Responding to the alleged disclosure by Deputy PM and Commerce Minister Phumtham Wechayachai, Sutin confirms that a portion of the 15,000-tonne rice stockpile could be destined for the bellies of military personnel. Sutin addressed concerns about oversupply.…
- Thailand News
Thai government greenlights energy subsidies and price caps
Subsidies on electricity bills for vulnerable groups and caps on cooking gas and diesel prices have received the green light from the Thai government. The move aimed to alleviate the burden of burgeoning energy costs on the population. Deputy government spokesperson Rudklao Intawong Suwankiri disclosed that diesel prices will now be fixed at 33 baht per litre, from April 20…
- Business News
Thai energy business reports 2.6% decline in Q1 fuel consumption
The Department of Energy Business (DOEB) reported a 2.6% decline in fuel consumption in the first quarter of the year, amounting to 156.7 million litres per day. This decrease is attributed to the expiration of the capped price policy. The Director General of DOEB, Sarawut Kaewtathip, noted a rise in the daily average volume of jet fuel and liquefied petroleum…
- Automotive
The hidden expenses of car ownership in Bangkok revealed
We all know that cars are expensive, but many are unaware of how much it really costs to own one. While many think fuel is the only cost to worry about, there’s actually a whole lot more to consider when it comes to owning a car in Bangkok. From maintenance to insurance, the hidden expenses can sneak up on you.…
- Automotive
Electric car sales to surge by 2024 despite economic challenges
The International Energy Agency (IEA) predicts a robust growth in the sales of electric cars in 2024, despite economic challenges in certain markets. Key driving factors for this surge include affordability and the development of charging infrastructure. The IEA estimates that electric car sales will reach 17 million this year, a boost from 14 million the previous year. This indicates…
- Business News
Thai govt plan for energy cost surge amid Israel-Iran conflict
Thailand’s Ministry of Commerce issued directives to state bodies to devise strategies to mitigate potential surges in energy costs in the event of an escalation in the Israel-Iran conflict. The directive follows Iran’s missile and drone assault on Israel, a retaliatory move against Israel’s alleged attack on Iran’s consulate in Damascus earlier this month. This marked the first direct attack…
- Featured Dispensaries
Top 10 cannabis dispensaries in Thailand
Forget about transactions at shady back alleys in Thailand. After the country decriminalised marijuana back in 2022, you can now go to brick-and-mortar shops to buy flowers, edibles, and pot paraphernalia. These weed shops in Thailand are not simply places to grab your greens and go, but vibrant destinations in themselves. But with so many dispensaries sprouting up all over…
- Business News
PTT assures adequate LNG reserves to beat heat in Thailand
With summer temperatures expected to soar, PTT Plc, Thailand’s national oil and gas conglomerate, has assured that its liquefied natural gas (LNG) reserves are up to the task of meeting the country’s increased electricity demand. In Thailand, 60% of the fuel used for electricity generation is gas. As a result, PTT is prepared, with gas reserves of 6 billion cubic…
- Business News
Fuelling fears: Thai diesel price hike won’t ignite retail inflation
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) stated that a potential increase in domestic diesel prices, which could surpass 30 baht a litre following the termination of the Oil Fuel Fund subsidy scheme on March 31, is unlikely to prompt manufacturers to raise the prices of their goods. Prime Minister Srettha Thavisin revealed on Tuesday, April 2,…
- Thailand News
Rayong fisherman nets suspected ambergris worth millions of baht
A fishing expedition near Hua Hin beach in Rayong province recently turned up an unexpected catch for a local fisherman, who netted what appeared to be a lump of ambergris, a valuable substance used in the production of perfume. The discovery has sparked excitement among residents, and experts are being called upon to confirm the authenticity of the find. The…
- Business News
Thailand’s manufacturing production index falls for 17th time
The Office of Industrial Economics (OIE) disclosed that Thailand’s Manufacturing Production Index (MPI) has fallen for the 17th consecutive month. February saw a year-on-year decrease of 2.8%, bringing the index to 99.2 points. This slump is largely attributed to a drop in manufacturing within key sectors, including the automotive industry. The OIE has also highlighted ongoing issues with high household…
- Thailand News
Price surge in off-season rice boosts Thai farming
The president of Ban Mai Khao Farmers Group commended the recent increase in the price of fresh off-season rice, which has hit 10,000 baht (US$280) per tonne. This price surge not only encourages the traditional practice of rice cultivation among Thai farmers but also ensures a steady income for them. Suphan Phathom’s area of oversight includes the last remaining rice…
- Thailand News
Chon Buri police nab thief stealing 18,000 baht gold bracelet
A theft at a gold shop in Chon Buri Province was foiled when police apprehended a 21 year old factory worker who posed as a customer to steal a gold bracelet. The suspect, Shinawatra, was arrested and confessed to the crime, prompted by the high gold prices to fund personal expenses. The brazen theft occurred at a gold shop in…
- Featured Dispensaries
How Thai Cannabis Club sets the standard for cannabis in Thailand
If you ever spot a big, bright green sign adorned with the iconic weed leaf, there’s no mistaking it; that’s Thai Cannabis Club. With multiple locations scattered throughout Bangkok, Pattaya, and Koh Chang, their presence dominates the Thai cannabis scene. Thai Cannabis Club came to life back in November 2018, right when the Thai government gave the green light to…
