Energy Ministry to announce new diesel price structure today as Bt30 price cap ends
The Energy Ministry decided to end the diesel price cap at THB30 per litre on April 30 as the Fuel Fund Executive Committee is running out of cash reserves. Currently, the real market price of diesel oil is about THB40 per litre, a source from the Energy Ministry said. The source said the price is expected to be THB32 per litre when the global diesel price is about US$145 per barrel. The source added that the new price structure would cap diesel price at THB35 per litre. The source said new diesel prices will be announced every week until it reaches the cap of THB35 per litre.
Source:The Nation Bangkok
April 28, 2022 06:42 UTC
URC Thailand receives Good Environmental Governance Award 2021 from Industrial Estate Authority of Thailand
URC (Thailand) Co., Ltd, a manufacturer and distributor of Jack’n Jill brand snack products, recently won the Good Environmental Governance Award 2021, presented by Dr. Veeris Ammarapala, Governor of the Industrial Estate Authority of Thailand, for two of the company’s facilities located at Samut Sakhon Industrial Estate in Samut Sakhon Province. Mr. Wattawut Ueaphumirat (left), Integrated Supply Chain Director, URC (Thailand) Co., Ltd., and Mr. Witoon Ekpiriyamont (right), Environment Health and Safety Manager, showcased the Good Environmental Governance Award 2021. Mr. Wattawut Ueaphumirat, Integrated Supply Chain Director of URC (Thailand) Co., Ltd. said, “Winning the Good Environmental Governance Award 2021 is meaningful to us at URC Thailand as it recognizes the company's excellent business conduct in all aspects of operations. Two of these awards have been given to two URC Thailand plants, plant 4, and 6, both of which are located in Samut Sakhon Industrial Estate. Prior to this, URC Thailand has also been awarded the Good Environmental Governance Award for Plants 1, and 3 in 2018.
Source:Bangkok Post
April 27, 2022 09:02 UTC
New NBTC board sets three-point plan to consider planned True-DTAC merger
Academics and consumer protection groups have called on the previous NBTC to wait for the new board to consider the deal. As a first measure, the meeting resolved to set up four panels to consider the issue, Trairat said. A third measure will see the NBTC assign its working panels and advisory committees both in the country and abroad to study possible impacts of the merger, Trairat said. “The NBTC will carefully and comprehensively study the merger plan and it will allow public participation in the study,” Trairat vowed. “It will also study legal technicalities and both negative and positive impacts by taking into account the interest of the public and the telecom industry.
Source:The Nation Bangkok
April 27, 2022 07:57 UTC
Japan vows to expand Thai expenditure
Japan vows to expand Thai expenditureMr Supattanapong, left, met Mr Matsuno on April 21 in Tokyo. They pledged to continue their strategic partnership as Thailand and Japan mark the 135th anniversary of formal relations. Automotive companies are eager to join the Thai government's EV package and invest over the next 1-2 years, said Mr Supattanapong. Regarding the electronics industry, Japan uses Thailand as a production base for midstream and downstream semiconductors, and smart electronics for EVs, which are likely to see rapid growth. The Japan Business Federation is also scheduled to bring 70 members to meet Thai government agencies and their business alliances soon, said Mr Supattanapong.
Source:Bangkok Post
April 27, 2022 06:53 UTC
Huawei: Innovating nonstop for a greener intelligent world
Huawei: Innovating nonstop for a greener intelligent worldHuawei kicked off its 19th annual Global Analyst Summit today in Shenzhen. At the event, Ken Hu, Huawei's Rotating Chairman, gave a keynote on Huawei's approach to innovation and building a greener intelligent world. "We will strengthen our approach to innovation, equip all industries to go digital and intelligent, and help build a low-carbon world," said Hu. Ken Hu, Huawei's Rotating Chairman, speaking at HAS 2022The following is a summary of these three initiatives. "We look forward to working more closely with our customers and partners to build a greener intelligent world."
Source:Bangkok Post
April 27, 2022 04:47 UTC
Baht might test new resistance level of 34.40: market strategist
Poon said the risk-averse market coupled with the Covid-19 situation in China could add more downward pressure on the baht. The Thai currency has weakened past the expected resistance level, with both exporters and importers unsure of when to carry out transactions, so it might be volatile and weaken to test the new resistance level of 34.40, he said. Meanwhile, gold purchases are rising as investors want to possess safe assets. This is adding pressure to the baht. Poon advised businesses to use hedging tools such as options to manage risks in the present highly volatile currency market.
Source:The Nation Bangkok
April 27, 2022 03:10 UTC
‘Incredibly happy’ with performance, result againts Real Madrid : Pep Guardiola
“At the end maybe the chances we create we have to convert. I want to convince my players that we won the game and heads up. We were one up but even two or three or four you have to perform. Their xG conceded figure was 1.66, but Real found three goals. It happens that way sometimes and City can also find hope in the fact that their machine doesn’t seem to be swayed by being home or away.
Source:The Nation Bangkok
April 27, 2022 01:18 UTC
What are the entry rules from May 1?
The latest easing of entry restrictions aims to make international travel more convenient and has been welcomed by both businesses and visitors. What are the new travel entry rules? Thailand's reopening to foreign travellers marks a significant milestone as pre-travel and on-arrival RT-PCR tests are no longer needed. Once vaccinated travellers pass through immigration checkpoints, they are free to travel anywhere in Thailand. Thailand was suffering from a Covid outbreak in early 2021, prompting cautious authorities to enforce stringent rules for international arrivals.
Source:Bangkok Post
April 26, 2022 23:46 UTC
Rush for weed licences ahead of narcotic delisting in June
Rush for weed licences ahead of narcotic delisting in June(Bangkok Post file photo)Thailand’s Food and Drug Administration (FDA) has received some 4,700 applications for licences from people and organisations to import, possess, grow and produce cannabis and hemp. FDA deputy secretary-general Withid Sariddeechaikool said on Tuesday that the delisting of cannabis and hemp from the narcotics list will come into force on June 9. The move follows a policy initiated by Public Health Minister Anutin Charnvirakul to allow people to use them for medical and economic purposes. The general public and organisations have filed 4,712 applications with the FDA, seeking licences related to the use of either as an ingredient or product. Licences were approved for both cannabis and hemp extracts to be used in cosmetics, as well as traditional medicines and supplements, he said.
Source:Bangkok Post
April 26, 2022 23:22 UTC
Global growth engines sputtering
Global growth engines sputteringThe International Monetary Fund's revised World Economic Outlook (WEO) is sobering. It is rare for the organisation to revise down sharply its projections for economic growth just one quarter into the calendar year. Yet in this case, it has done so for 86% of its 190 member countries, resulting in a decline of almost one percentage point in global growth for 2022 -- from 4.4% to 3.6%. The IMF does not expect its significant downward revision in global economic growth for 2022 to be offset in 2023. The IMF's report offers an important reminder to policymakers that they need to focus much more attention on generating innovation, improving productivity, and strengthening the other drivers of robust, inclusive economic growth.
Source:Bangkok Post
April 26, 2022 09:54 UTC
Ex-MP blames faulty construction for flooding in Parliament complex
Former Democrat Party MP Watchara Petthong said on Tuesday that the incident took place at 5pm, adding that the complex could get flooded even without rains. He blamed the flooding on defective construction, and warned that such incidents would expose people to risk of electrocution.
Source:The Nation Bangkok
April 26, 2022 09:35 UTC
Investigators wrap up mystery of Tangmo’s death, suspects out on bail
Tanupat "Por" Lerttaweewit• Negligence causing death in violation of Section 291 of the Criminal Code. • Violating Section 172 of the Criminal Code by providing false testimony to the police. • Violating navigation law by driving a boat without a licence. Nitas "Job" Kiratisoothisathorn• Violating Section 184 of the Criminal Code by helping others to escape the criminal penalty and destroying evidence. Idsarin "Gatick" Juthasuksawat• Violating Section 184 of the Criminal Code by helping others escape the criminal penalty or destroying evidence.
Source:The Nation Bangkok
April 26, 2022 09:35 UTC
Slumping baht under pressure after breaching 34/dollar mark
Poon said the risk-averse market and Covid-19 situation in China could add more downward pressure on the baht. He projected a key resistance level at 34.15 to 34.20 per dollar. If the baht weakens past 34.20, importers might scramble to buy dollars which would trigger significant further weakening of the Thai currency, he added. Poon advised close monitoring of foreign investors amid a lull in foreign outflows after sell-offs of Thai assets were triggered by heavy increases in the US and Thai 10-year bond yields. He advised businesses to use hedging tools such as options to manage risks in the highly volatile currency market.
Source:The Nation Bangkok
April 26, 2022 03:55 UTC
Calls for over-the-top video industry to be self-regulating
Calls for over-the-top video industry to be self-regulatingThe economic impact of employment in the OTT video industry is valued at 27 billion baht, or 0.17% of Thailand's total GDP. The economic impact of employment in the OTT video industry is valued at 27 billion baht, or 0.17% of Thailand's total GDP. Unlike traditional media that has limited time for advertising and limits consumer choice, OTT video platforms give viewers the option to watch adverts. "OTT video services should not be regulated under the traditional law due to the different business models," said Mr Suthikorn. "If Thailand adopts such an approach to oversee the OTT video industry, it is necessary to address these issues in order to have more effective governance," he added.
Source:Bangkok Post
April 26, 2022 02:24 UTC
Opposition gives censure plan timeline
Dr Cholnan said opposition parties will meet today to finalise the strategy for the censure debate and whether to target the entire cabinet or individual ministers. He said he expects the no-confidence debate will prompt some 30 government MPs to cross floor and cast a vote of no-confidence. Meanwhile, Prime Minister Prayut Chan-o-cha on Monday pledged to try and resolve problems for people during a visit to Songkhla and Phatthalung. The prime minister received a warm welcome from Songkhla residents with many of them pledging to support him returning as prime minister after the next election. Gen Prayut also urged voters to make the right choice at the polls, noting that when people elect MPs, they are also voting for a prime minister because a prime minister must receive the endorsement of MPs in parliament.
Source:Bangkok Post
April 26, 2022 02:20 UTC