Search Results for: oil prices
- Thailand video news
Thailand News Update | Khao san pushing to host activities for Songkran
Business owners on Bangkok’s Khao San Road are pushing for government officials to allow the popular nightlife district to host activities for Songkran, the Thai New Year which is celebrated with massive water fights. Well, that was in the past… this year it’s certainly going to be a much-diluted celebration. Khao San Road has become known as a top destination…
- Economy News
Thailand’s power will be more expensive in May
From May until August, Thailand’s electricity price will rise to four baht per kilowatt hour, going up by 0.23-1.3 baht per unit. The country’s Energy Regulatory Commission is raising fuel tariffs following Russia’s invasion of the Ukraine. An ERC spokesman said another reason for the price surge is the declining supply of natural gas from the Gulf of Thailand. Russia’s…
- Property
Thai steel producers brace for higher production costs, slower market
Thailand steel producers are preparing for the fallout of higher steel prices and growing demand from Asia in the wake of Russia’s invasion of Ukraine. Within a week, the world market price of steel billet rose to roughly US$800 per tonne, up from $650 per tonne, EAF Long Product Steel Producers Association committee member Pravit Horungruang told the Bangkok Post.…
- Tourism News
Can we say good-riddance to the Thailand Pass on July 1?
OPINION “Hopefully, and essentially, there has to be a radical Thailand Pass-ectomy.” July 1 seems so far away as the rest of the world has moved on and opened up, with many SE Asian destinations also dispensing with many of their Covid-arrival procedures already, or in the next month. Whilst the rest of the world has established new travel lanes…
- Thailand video news
Thailand News Update | Thailand Pass applicants warned about scam emails
Thailand Pass applicants are being warned about numerous scam emails from accounts posing as the Department of Consular Affairs or a team from the Thailand Pass system. Some emails are requesting personal information, such as passport numbers, and others include an encrypted link. Officials haven’t confirmed if any other information besides email addresses has been compromised from the Thailand Pass…
- Tourism News
End in sight for Thailand Pass once Covid-19 declared endemic – TAT
The governor of the Tourism Authority of Thailand says tourism numbers may need to be revised down due to the fallout from Russia’s invasion of Ukraine, which includes surging oil prices and rising inflation. Yuthasak Supasorn adds that entry restrictions will be relaxed in stages as officials move to declaring Covid-19 endemic. Cabinet has already approved a Public Health Ministry…
- Thailand video news
Thailand News Today | Health Ministry to declare covid endemic by July 1 (Thai style rules)
Tourism officials have shrugged off a US CDC notice which advised citizens to avoid travel to Thailand. Earlier this week, the US CDC added Thailand to its list of Level 4 countries, due to the ongoing Covid situation in the kingdom. However, Yuthasak Supasorn from the Tourism Authority of Thailand says that won’t make much of a difference to an…
- Thailand Travel
Phuket boat tour business begs government to stop fuel price spike
A speedboat tour company in Phuket is begging the government to not allow fuel prices to spike. The company, Nikorn Marine Tour Phuket, offers tourists group boat trips, as well as private trips. It also offers beach parties, but its main services require boats. The company’s CEO told The Phuket News yesterday that after Covid-19 had already hit marine tourism…
- Thailand video news
Thailand News Update | Thai F-16 fighter crashed during a training session
The National Energy Policy Committee is meeting today to discuss Thailand’s soaring energy prices, including efforts to maintain the cap on diesel prices at below 30 baht a litre. Like the rest of the world, Thailand is suffering under a wave of inflation and high energy costs at the moment. Yesterday the Deputy PM and Energy Minister Supattanapong Punmeechaow said…
- Tourism News
Travel in 2022 – how Russia is reshaping the world’s travel industry
Russians were the most visible travellers heading to Thailand post February 1, 2022, when the Thailand Pass Test & Go option was rebooted. Even with its 2 days of pre-booked SHA+ quarantine and PCR tests, along with US$50,000 Covid insurance (which has since been reduced to $20,000), the Russian travellers were delighted to jump on a plane and take the…
- World News
Asia News Today | Calls for stronger sanctions by China over Russia & Singapore flash floods
The US White House is calling on China to condemn Russia’s invasion of Ukraine as the Russian onslaught against its neighbour continued. They also noted that Russian President Vladimir Putin has put nuclear forces on high alert, a significant ramp up in the ongoing rhetoric. China has implemented some sanctions imposed by the US and its allies against Russia over…
- World News
Russian flights keep arriving in Thailand, for now
Aeroflot, Ural Airlines and S7 Airline planes are still arriving on schedule in Thailand today as nothing has changed, thus far, as flights into Thai airports from Russia are concerned. But Thailand’s tourism tzars continue to monitor Russia’s invasion of Ukraine, as the world looks to ways of pressuring and sanctioning Russia, including access to its airlines across the world.…
- Thailand video news
Asia News Today | Asia’s stocks fluctuate, gold and Bitcoin rally
In the Asia Pacific region, only Japan, South Korea and Australia have so far officially condemned the actions of Russia after its invasion of Ukraine yesterday. They’ve said they will join with the US in imposing international sanctions but have so far declined to add unilateral sanctions. Indonesia has taken a slightly different tack and is calling for negotiation and…
- World News
UK hits Russia hard with economic sanctions for Ukraine invasion; targets banks, oligarchs, airlines
In an address to members of parliament, UK Prime Minister Boris Johnson announced what he is calling “the largest and most severe package of economic sanctions that Russia has ever seen”. The new sanctions target Russian oligarchs and banks, which will now be excluded from UK’s financial system. Additionally, the Russian national airline Aeroflot will be banned from landing flights…
- World News
Asian stocks rise with new Russian sanctions, market volatility increases worldwide
Asia markets ticked higher at opening on Friday, encouraged by a rebound of the US stock market, after Russia was struck with a flurry of international sanctions. US President Joe Biden has announced a new round of sanctions against Russia, crippling its ability to conduct business in major currencies. Many indexes were in the green on Friday morning, including Tokyo’s…
- World News
LATEST: Russia invades Ukraine, attacks in major cities, more than 40 dead
UPDATE: Ukraine’s President Volodymr Zelensky says his nation’s armed forces are trying to repel the Russian advance in several areas of the country, including eastern Ukraine’s Donbas region. But Russia claims it has met weak resistance, with Ukrainian border guards reportedly surrendering, as the two countries further engage in an information war to control the narrative. Russian state media has…
- World News
Asia News Today | Asian stocks sink over Russian incursion, China ramps up microchip production
Russian President Vladimir Putin has formally recognised two breakaway regions in eastern Ukraine as independent. He’s used this diplomatic word-play as a reason to order the Russian army to launch a so-called peacekeeping mission into the area. His actions are a significant ramping up of diplomatic tensions in the ongoing Russian/Ukraine crisis.The president has ordered his defence officials to deploy…
- Thailand video news
Thailand News Update | Only Fans Girl “Shoots herself in the foot”
The cabinet eventually caved in this week by agreeing to cut the excise tax on diesel by three baht per litre, from the current 6 baht tax. This will for up to three months to help ease the impact of high energy prices on the cost of transport and consumer goods in Thailand.The cabinet approved halving the price until May…
- Thailand video news
Thailand News Update | Songkran cancelled for 2022?
Thailand’s famous water festival Songkran might be cancelled for 1 third year in a row if the daily Covid-19 infections reach 30,000 per day. The massive water festival and gun fight, celebrating the Thai New Year, has already had the tap turned off due to coronavirus restrictions. The DDC warns that Songkran, which is April 13 to 15 this year,…
- Covid-19 News
New Covid-19 strain named “Omicron” and a variant of concern
Omicron is the new Covid-19 to watch out for, having just received its Greek name and the highest category of classification, “variant of concern”. The B.1.1.529 strain, recently uncovered in southern Africa and already seeing some spread, was given the Omicron name and classified as a variant of concern by the World Health Organisation yesterday. From least worrisome to most…
- Covid-19 News
Austria to enter lockdown Monday, Germany may follow
As Europe is increasingly engulfed in another wave of Covid-19 infections, Austria announced it will go into a full lockdown on Monday, and Germany in a national emergency is considering following with a lockdown of its own. The announcement makes Austria the first country in Western Europe to go back into a lockdown in the face of a worsening Covid-19…
- Economy News
Economist predicts economy will shrink 8.9% this year, despite easing of restrictions
A leading economist is predicting the Thai economy will contract by 8.9% this year despite the easing of Covid-19 restrictions, far higher than previous estimates from local and international economic pundits. Amonthep Chawla, head of the research office at CIMB Thai Bank says that although Thailand is heading toward the fourth phase of lockdown easing, with more businesses to be…
- Economy News
Local markets in Asia retreat as US President Trump talks up revised trade war
Steep losses are the order of the day as local markets follow the lead from a sell off in New York after US President Trump foreshadowed a new round of trade sanctions on China. The US President and his Secretary of State Mike Pompeo have openly accused the Chinese government that the Covid-19 started in a lab in Wuhan, and that…
- Covid-19 News
Tourism ministry floats long-stay travel packages
The Covid-19 outbreak has crushed Thailand’s tourism industry, already battered by a flat high season in the previous year, and with the national ban on international arrivals extended until at least May 30, and domestic travel still heavily restricted, the situation isn’t likely to improve soon. But the coronavirus crisis, like all things, will pass, and Thailand’s Tourism and Sports…
- Covid-19 News
Discounts on 72 consumer goods to ease Covid-19 impact
Thailand’s commerce minister yesterday announced the reduction in price for 72 consumer goods by 5-58% to help people affected by the Covid-19 crisis. The new discounts, which went into effect yesterday, will run until June 30. The products include rice, palm oil, instant noodles, milk, frozen foods, condiments, toilet paper, talcum powder, toothpaste, toothbrushes, sanitary napkins, soap, shampoo, face cleansers,…
- Covid-19 News
Currency will be a key driver in Phuket’s (eventual) tourism recovery?
OPINION by Bill Barnett from c9hotelworks.com In the lead-up to the Covid-19 crisis one constant complaint by Thailand’s hotel sector has been the strength of the Thai Baht. Zeroing in specifically on the Mainland Chinese market, the rapid demise to the island was in part triggered by the tragic boat accident in mid-2018, along with a number of other country-wide negative…
- Covid-19 News
Government aims to limit travel around Thailand by 90%
It won’t do much for oil prices, but it will flatten Thailand’s Covid-19 ‘curve’ and help with the country’s air pollution problems. The Centre for Covid-19 Situation Administration is aiming to cut public transport use by as much as 90% around the country in order to stem the rise of Covid-19 coronavirus infections. Just yesterday, Thailand’s Department of Land Transport announced that…
- Covid-19 News
Opportunities for 2020 export growth in Thailand
Despite the whirlwind of shutdowns, lockdowns and craziness descending on Thailand at the moment, the departments are still churning out numbers and trying to forecast the way ahead. They say that, due to the Thai baht weakening and massive government interventions around the world for both monetary and fiscal policies, there is still a chance that Thailand could reduce the…
- Economy News
Thai government planning more economic stimulus packages
Economists have urged the government to expand the fiscal deficit to up to 600 billion baht, while more stimulus packages are hopefully on course to counter the impact of the Covid-19 outbreak in Thailand. Secretary to the Council of Economic Ministers, Kobsak Pootrakool, says that the economic ministers would consider extra packages as relief for certain sectors, that were hit…
- Covid-19 News
Coronavirus UPDATE: 107 dead, more cases in Singapore and 1 in Cambodia
The death toll in China from the respiratory illness called the Wuhan Coronavirus or the Novel Coronavirus, has now reached 106, according to Channel News Asia. There are no deaths reported outside China and the vast majority of deaths are in the province of Hubei (76) where Wuhan is the capital. The number of total confirmed cases has risen to…
