Search Results for: oil prices
- Business News
Fuelling growth: Thailand’s energy use rises as tourism powers up
The Department of Energy Business revealed fuel consumption in Thailand saw a 2.1% rise last year, reaching a daily average of 155.4 million litres, in tandem with an estimated GDP growth of 2.6-2.7%, largely fuelled by bustling tourism-related industries. In 2023, total fuel consumption was slightly less, at 152.3 million litres per day. Jet fuel, driven by the surge in…
- Bangkok News
Bangkok exercise equipment probe clears officials of corruption
An investigation into alleged corruption in the procurement of exercise equipment for seven recreation and sports centres in Bangkok has concluded with no evidence of misconduct. Bangkok governor Chadchart Sittipunt announced yesterday, January 27, that the inquiry, initiated in June last year, found no grounds for graft allegations involving 29 Bangkok Metropolitan Administration officials in the 77.22 million baht project.…
- Featured Dispensaries
Best weed shops in Phuket [2025]
It’s been almost three years since cannabis was legalised in Thailand, and Phuket has become the home to a variety of super cool, licensed dispensaries. The best weed shops in Phuket offer everything from premium buds and edibles to rosins and accessories that wouldn’t look out of place in a high-end boutique. However, with so many establishments popping up, it can…
- Travel Guides
Finding the perfect souvenir in Thailand is closer than you think
What’s the best thing to bring home from Thailand? For me, it’s always been about finding keepsakes that characterise the soul of the place. One of my favourite souvenirs is a small glass elephant I found at a market in Chiang Mai and people say that elephants are symbols of good luck – so why not have one around? Now,…
- Things To Do
Bill Bensley holds 3-month art exhibition at MOCA Bangkok, Four Seasons Hotel
Celebrated architect, designer and artist Bill Bensley, will return to the Four Seasons Hotel’s Art Space by MOCA Bangkok with an extraordinary rotating art exhibition with three separate collections, between January 10 and April 20. Bensley’s latest collections, filled with works inspired by his travels across 11 countries since his last exhibition at the venue in 2023, are dedicated to…
- Thailand News
Caught red-handed: 6 arrested at illegal gold mining site in Phitchit
Forestry police apprehended a Vietnamese man and five Thai nationals at an unauthorised gold mining site on Panompa Mountain in the northern province of Phichit yesterday, January 10. This action followed a report alleging that a Vietnamese investor had entered the site on the mountain in Nong Phra subdistrict, Wang Sai Phun district, to excavate gold. The Vietnamese individual was…
- Thailand News
Thai man arrested for hammer attack in Pathum Thani temple
A 41 year old man has been arrested by investigative police from the Thanyaburi district in Pathum Thani province for attacking a woman with a hammer at a temple. Anusorn, a resident of Loei province, was apprehended following an incident where he allegedly attacked a Burmese woman with a hammer in a temple bathroom. The assailant reportedly tied her hands…
- Thailand News
Fuel for thought: Thailand sees shift in consumer petrol gears
Thailand’s engines are revving as fuel consumption takes a notable 2% leap, in line with the country’s economic growth, which is pegged at a healthy 2.6% to 2.7% for 2024. The Department of Energy Business reveals that from January to November, Thais guzzled an average of 155 million litres of fuel daily. Turning heads in the petrol station queue is…
- Thailand News
Poll reveals what’s draining happiness from the Land of Smiles
It seems 2024 has been a tough year for many in Thailand, and despite its moniker, the Land of Smiles, not many are feeling the joy as economic woes, political turmoil, and cybercrime topped the list of frustrations in a new poll by the National Institute of Development Administration (NIDA). The annual survey, titled What Have You Been Tired of…
- Thailand News
Banana leaf caterpillars bring flavour to Phayao province
The rural community of Pa Fang, located in Huai Kaeo, Phu Kham Yao, Phayao province, has a unique culinary tradition involving banana leaf caterpillars. Residents often venture into the banana groves at the edge of the village to gather these caterpillars, known for their high protein content and distinctive taste. The caterpillars, which are the larvae of banana leaf-rolling moths,…
- Things To Do
Welcome the New Year in style at INNSiDE by Meliá Bangkok Sukhumvit
Bangkok doesn’t hold back when it comes to New Year’s celebrations, and neither should you. If you’re still working on your plans, INNSiDE by Meliá Bangkok Sukhumvit has the perfect lineup: delicious buffets for a laid-back feast, fancy rooftop dinners if you’re feeling a bit bougie, a rooftop party to dance your way into 2025, and brunches to start the…
- Thailand News
Airline industry poised to surpass US$1 trillion despite delays
The global airline industry anticipates surpassing US$1 trillion in revenue due to record passenger numbers, despite facing significant challenges in acquiring new aircraft, according to the International Air Transport Association (IATA). Issues with Boeing and Airbus have caused delivery delays, impeding airlines‘ ability to upgrade their fleets with more efficient planes that could reduce fuel expenses while accommodating increased passenger…
- Business News
Thailand’s economy shifts into gear but auto industry hits a bump
Thailand’s economy is on a cautious upswing, buoyed by a surge in exports, a bustling tourism sector, and healthier private consumption. Yet, the road ahead isn’t entirely smooth, with the automotive industry hitting a bump. The Fiscal Policy Office (FPO) has laid bare the mixed fortunes in its recent October economic report, painting a picture of resilience tinged with challenges.…
- Business News
Thailand’s biz boom buzzes past 90,000 as exports, tourism take off
Thailand’s business scene is buzzing, with new registrations expected to smash through the 90,000 mark this year. This surge comes courtesy of a rebound in exports and tourism alongside government stimulus measures kicking in as 2024 draws to a close. According to Auramon Supthaweethum, the Director-General of the Department of Business Development (DBD), there was a promising 2.18% uptick in…
- Thailand News
Caterpillar outbreak devastates Songkhla’s coconut plantations
A significant outbreak of black-headed caterpillars has severely impacted coconut plantations across four districts in Songkhla, causing extensive damage to the crops. Local agricultural officials are responding by deploying parasitic wasps and chemical agents to combat the infestation. Agricultural experts have reported that the black-headed caterpillar infestation is affecting coconut trees in the Sathing Phra Peninsula and other areas of…
- Thailand video news
Thailand video news | Thai woman sentenced to death for cyanide murders, Fundraiser supports injured British teacher in Thailand
In today’s Thailand video news, Alex and Jay present a range of stories from across Thailand and Asia. Highlights include a woman sentenced to death for a series of cyanide poisonings, the nation faces rising fuel prices and debates over alcohol sales regulations. Meanwhile, tourism sees a major rebound with over 30 million visitors this year, and experts address safety…
- Business News
Banpu strikes a green chord amid energy chaos
While the energy industry faces turbulent times, Thai powerhouse Banpu is staying the course, determined to hit the right note with its ambitious green agenda. Listed on the Stock Exchange of Thailand (SET), Banpu is full steam ahead in its mission to produce quality energy with a keen focus on environmental care, even as market volatility looms large. Under the…
- Transport News
EV excitement with a shock: Thailand’s green dream hits a snag
Thailand’s electric vehicle (EV) industry may be sparking excitement but beneath the surface, a storm of challenges is threatening to short-circuit the nation’s EV ambitions. Despite a surge in EV usage, the sector is grappling with poor domestic car sales, sluggish economic growth, crippling household debt, and cutthroat pricing wars that could derail its progress. Chinese EV manufacturers, with their…
- Bangkok Travel
4 Bangkok streets that every shopper must visit
Bangkok has unlimited shopping options from malls full of designer stores to streets filled with vendors. If you consider yourself a shopper this is the perfect chance. We have curated Bangkok’s most exciting shopping streets, where you’ll discover everything that make Bangkok’s street shopping scene truly unique. Here are our top picks for Bangkok streets every shopper must visit 4…
- Best Bites
Where to eat at One Bangkok?
Bangkok’s newest mega-mall, One Bangkok, has finally opened in Lumpini, and to the delight of shoppers and foodies everywhere. Easily accessible by MRT (MRT Lumpini, Exit 3), One Bangkok is the newest swathe of uncharted territory for the Bangkok food enthusiast. But where to eat? Filled to the brim with dozens of new and familiar restaurants to try, this huge…
- Things To Do
11.11 super shopping day Thailand 2024
The 11.11 Super Shopping Day is around the corner, and if you’re living in Thailand, you’re in for some amazing deals! This global shopping phenomenon has become one of the biggest sales events in Southeast Asia, with platforms like Shopee, Lazada, and TikTok offering the most worthwhile promotions. If you’re looking for electronics, home essentials, fashion, or even unique items…
- Thailand News
Trump victory prompts Thai stock market strategy reevaluation
Donald Trump’s victory in the US presidential election, coupled with a comprehensive Republican majority in Congress, has prompted a reevaluation of investment strategies in the Thai stock market. Natchat Mekmasin, assistant managing director of securities analysis at Trinity Securities, suggests that the Thai stock market is likely to align with the broader trend observed in emerging markets. However, he points…
- Thailand News
Thailand biofuel subsidy ends in 2027, costs to rise for farmers
Thailand’s Energy Ministry is set to introduce measures to mitigate the effects of the impending cessation of biofuel price subsidies in 2027. With the expiration of these subsidies, the cost of biofuels is anticipated to rise, impacting palm and sugar cane growers who supply raw materials for biofuel production. Farmers sell their crops to factories that produce two types of…
- Thailand News
Thailand introduces new inspection system for fuel measurement
Thailand’s Ministry of Commerce has initiated a new registration system for private entities to become certified inspection units, aiming to enhance the reliability of fuel measurement at service stations. The Department of Internal Trade (DIT) announced the criteria for this registration process. Starting July 26, they have been promoting this initiative and welcoming applications since August. This move is part…
- Business News
BoT inflates hopes: Targets snug 1-3% to turbo-charge economy
In a bold move to turbo-charge Thailand’s economic engine, the Bank of Thailand (BoT) pegged its hopes on keeping inflation between a snug 1% and 3%. The aim is to shift the economy into top gear, with deputy governor Piti Disyatat revealing at the Monetary Policy Forum that they’re targeting headline inflation of 1.2% by 2025. That’s a noticeable bump…
- Business News
Crime coins: SEC cracks down on crypto laundering in Thailand
In a bold move, the Securities and Exchange Commission (SEC) has thrown down the gauntlet, demanding digital asset operators report suspicious transactions as part of a crackdown on crypto money-laundering scams. This action follows hot on the heels of accusations against iCon Group, a direct sales outfit allegedly involved in laundering dirty money through the stablecoin USDT. The Department of…
- Business News
Baht appreciation leads to 4 to 5 billion baht revenue shortfall
Revenue collection for the 2024 fiscal year fell short of government expectations by 4 to 5 billion baht due to the appreciation of the baht. This shortfall occurred as the fiscal year concluded in September, impacting the value-added tax (VAT) revenue from imports, particularly affecting oil imports. Finance Permanent Secretary Lavaron Sangsnit explained that the rapid strengthening of the baht…
- Automotive
Why are cars so expensive in Thailand?
Cars in Thailand come with hefty price tags, leaving many people wondering why they’re so expensive. The rising cost of both new and used cars in Thailand can be confusing, but by looking into the factors behind these prices, we can uncover a complex combination of taxes, import duties, and market forces that contribute to the overall expense of car…
- Best Bites
10 best noodle restaurants in Bangkok
Bangkok is nothing short of a noodle lover’s paradise. Whether you prefer rice noodles or egg noodles, clear broth or creamy, this city has something for everyone. Noodles in Bangkok is a cuisine in and of itself, with hundreds of noodle restaurants catering to every imaginable fancy. With so many options, it can be difficult to know where to even…
- Thailand News
Thailand unveils 110 billion baht economic recovery plan
Thailand’s government rolled out a comprehensive economic recovery initiative, aiming to inject up to 110 billion baht into the economy by supporting small businesses through collaborations with major corporations. This campaign, running from September to January, encompasses three main strategies: reducing expenses, generating income, and creating opportunities. The focus is primarily on small operators, who constitute 90% of the country’s…
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