oil prices
- Economy News
PTT top revenue-earning company in Thailand in 2021
In news that is likely not surprising but probably very frustrating, amid soaring fuel prices, petrol company PTT has topped the list as the highest revenue corporation in Thailand for 2021. The national oil and gas conglomerate breakdancing 1 trillion baht over the last year no doubt thanks in part to huge inflation in the price of oil that has…
- Economy News
Poll: 92% don’t earn more than their expenses, oil price main factor
A new poll revealed that over 90% of people are not earning more money than their expenses, and that, of all the expenses people are grappling with in the current economy, oil prices are the main factor they say has the greatest effect on their daily lives. The new poll, conducted by the National Institute of Development Administration, saw the…
- Thailand News
Thailand to borrow 20 billion baht to maintain fuel subsidies
The Office of Fuel Fund plans to borrow 20 billion baht to top up the country’s oil price subsidies as residents and different departments are being increasingly affected by the rising oil price. The fund is seeking inbound loans from the Government Saving Bank and Krungthai Bank. The details are expected to be clear at the end of this month.…
- Business News
Thai airlines say recovery being held up by high fuel prices
The head of commercial operations at Thai Lion Air says high oil prices continue to hinder recovery in the aviation sector. Nuntaporn Komonsittivate says that, while tourism is slowly improving since the easing of entry restrictions, airlines are still struggling. “The airline business has grappled with the pandemic for more than 2 years. Oil prices account for 30% of operational…
- World News
Asia News Today | Record Covid cases in South Korea, Japan and Australia add extra Russia sanctions
The Asia-Pacific region has been lagging behind other parts of the world, in regards to Covid recover, but now appears primed for a tourist and business travel comeback. Unlike most of North America and Europe, the omicron variant surge in most locations in the Asia-Pacific region still hasn’t peaked. Countries including South Korea, Thailand, Hong Kong, Malaysia, Singapore and Vietnam…
- World News
Asia News Today | Taiwanese army reserves on high alert
Hundreds of Taiwanese army reserves have carried out training exercises after a call from the Taiwanese president calling for “unity” as the island keeps an eye on China’s reaction to the invasion of Ukraine. Taiwan has kept its military reservists on high alert over the past year.About 400 personnel took part in target training and combat simulations yesterday in efforts…
- Video
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…
- World News
Asia News Today | Shares in Asia-Pacific decline & oil prices to surge
Shares in Asia-Pacific have declined in today’s trade as oil prices continue to surge, with the ongoing Russia-Ukraine war continuing to weigh heavily on investor sentiment. The Hang Seng led losses across the region, dropping more than 4% at one point before a small bounce back. Shares of HSBC plummeted 6%. China’s Shanghai composite shed 1.42% and the Shenzhen composite…
- Economy News
Government to discuss measures to mitigate economic fallout from Russian invasion of Ukraine
The Thai Cabinet meets later today to discuss a number of measures aimed at mitigating the fallout from Russia’s invasion of Ukraine, according to a Bangkok Post report. Government spokesman Thanakorn Wangboonkongchana says PM Prayut Chan-o-cha will meet with officials to discuss the impact on the economy, in particular on global energy prices and instabilities in the equity and cryptocurrency…
- Video
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
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…
