PTTEP to sell Australian gas field in 2023
PTTEP to sell Australian gas field in 2023PTT Exploration and Production Plc (PTTEP) is continuing to refocus its investments on new petroleum sites, with the latest plan to sell the Cash and Maple gas and condensate field in Australia. "If we shift to liquefied natural gas production, the business will not be viable because facility costs are too high." The sale of the Cash and Maple field is in line with PTTEP's plan to direct its investments to the Middle East and Southeast Asia. In 2018, the company sold the Montara petroleum field in Australia to Jadestone Energy (Eagle) Pty. In another development, PTTEP decided to delay the development of an integrated gas-to-power project to generate electricity in Myanmar.
Source:Bangkok Post
January 23, 2023 00:07 UTC
Weed bill sees rivals take high ground
Weed bill sees rivals take high groundPublic Health Minister Anutin Charnvirakul attends a campaign in June to give away 1 million free cannabis plants in Buri Ram. REUTERSThe fate of the Cannabis Bill appears to be sealed now. Pheu Thai, for an example, is aiming high, with a landslide as its aim, and a grand ambition to form a one-party government. But the question is: Will this be acceptable to the Pheu Thai Party? The three "Por" comrades in arms, namely Gen Prawit, Prayuth and Interior Minister Gen Anupong Paochinda, are now splitting, with Gen Prawit and Gen Prayut yearning for the same top executive post while Gen Anupong is yet to make clear his future political career.
Source:Bangkok Post
January 23, 2023 00:00 UTC
Gain confidence by setting specific target for every shot
Gain confidence by setting specific target for every shotPick out a very specific target for every shot that you hit. When you have a specific target in mind as you swing, you will be far more likely to stay committed to the swing at hand. It is always important to have a target picked out before you take your stance, so rather than aiming for the fairway in general, pick out a specific target in the distance that you can use to guide your swing. Before hitting any shot on the course, you are going to be faced with a series of choices. What are you going to use as your target for the shot?
Source:Bangkok Post
January 22, 2023 06:48 UTC
Primaya Ponzi scheme suspect maintains innocence
Four more arrested in connection with alleged fraud centred on dietary supplementsSuspect Phitnari “Mae Primaya” Tantiwit has claimed that she was able to turn 6,000 baht into 15 million baht within three months. (Photo: Phitnari Tantiwit Facebook account)Four more suspects have been taken in for questioning by cyber crimes police about a fraudulent investment scheme centred on the owner of the dietary supplement brand Primaya. Lead suspect Phitnari Tantiwit, 28, more widely known as Mae Primaya, has denied all the charges against her. She was wanted on a warrant issued on Tuesday accusing her of fraud and putting false information into a computer system. The post generated complaints that she was attempting to attract victims into a Ponzi scheme.
Source:Bangkok Post
January 21, 2023 15:12 UTC
Prayut to rally in Chumphon
Prayut to rally in ChumphonPrime Minister Prayut Chan-o-cha will speak on a pre-election campaign stage for the first time as a member of the United Thai Nation (UTN) Party in Chumphon on Jan 28, a source in the party said. Chumphon has been chosen to debut Gen Prayut as the party's campaign speaker because the province is one of the UTN's strongest areas. The source added Gen Prayut planned to speak on a Saturday, as the law allows such figures to help political parties canvass for votes at weekends. Gen Prayut will fly to Chumphon on a commercial flight, where he is due to arrive at 8.45am before speaking on stage outside the Muang district town hall at 10am. Gen Prayut is scheduled to conduct official tours in Nakhon Sawan and Phichit on Jan 30.
Source:Bangkok Post
January 20, 2023 03:52 UTC
TISI decreases for first time in 7 months
The Thailand Industry Sentiment Index (TISI) decreased for the first time in seven months to 92.6 points during the festive month of December last year, says the Federation of Thai Industries (FTI). The December TISI was based on a survey of 1,303 enterprises across 45 industries under the FTI. The FTI is concerned economic contraction, especially in Europe, will affect Thai shipments and economic growth this year. The World Bank has already warned of a global recession in 2023 after central banks raised interest rates in response to high inflation. Global crude oil prices came first, accounting for 54.4% of the vote, followed by domestic politics (40.2%) and the domestic economy (37.7%).
Source:Bangkok Post
January 18, 2023 03:55 UTC
Thailand's untouchables
(Police Photo)Pol Maj Gen Jaroonkiat Pankaew, commander of the Anti-Corruption Division (ACD), has vowed to turn the agency into a high-calibre unit combatting corruption. In the past, the ACD was dubbed "the graveyard" as officers who committed offences were banished there as a punishment, according to Pol Maj Gen Jaroonkiat. Some officers worked here because they wanted to add to their job credentials and then sought transfers to other units,'' Pol Maj Gen Jaroonkiat said. As such, the level of efficiency was low," Pol Maj Gen Jaroonkiat said. Even though he has brought many perpetrators to justice, Pol Maj Gen Jaroonkiat said he is still not happy with his performance.
Source:Bangkok Post
January 18, 2023 03:46 UTC
PTTEP exits Brazil with new focus on Asia
PTTEP exits Brazil with new focus on AsiaThe Erawan gas field in the Gulf of Thailand. PTT Exploration and Production Plc (PTTEP) has exited its petroleum exploration and production business in Brazil by dissolving its subsidiary Participations and Explorations Corporation (PEC), as the company aims to focus more on investments in Asia. PEC halted its business operations last month after PTTEP decided last September to sell another subsidiary – PTTEP Brazil Investment BV – and all its other investments in Brazil. PTTEP Brazil Investment owns a 25% share in the offshore Barreirinhas AP1 crude oil exploration and production project as well as a 20% share in the BM-ES-23 project. The divestment marks the withdrawal of all of PTTEP's investments from Angola.
Source:Bangkok Post
January 17, 2023 21:29 UTC
PM tells people to vote wisely
PM tells people to vote wiselyPrime Minister Gen Prayut Chan-o-cha casts his votes for the Bangkok governor and city councillor at a polling station in Soi Pradiphat 5, Phaya Thai district, on May 22, 2022. (Photo: Nutthawat Wicheanbut)Prime Minister Prayut Chan-o-cha has expressed concern about the next general election and called on people to vote wisely when casting their ballots. It's not my place to say who is good or bad," Gen Prayut said. "But it is most important to act in a way that contributes to the country's strength and stability," the prime minister said. However, Mr Seree said he believed most senators would eventually vote for a single candidate.
Source:Bangkok Post
January 17, 2023 13:11 UTC
Tough penalties for foreign nominees
Tough penalties for foreign nomineesThe Department of Business Development is warning Thai citizens who are acting as nominees for Chinese-owned businesses along Yaowarat Road that they face up to three years in prison and/or fines of up to one million baht. Thosapone Dansuputra, director-general of the department, yesterday reminded the public of the penalties for violating restrictions on foreign-run businesses in Thailand. Officials from the Department of Business Development and Labour Ministry regularly inspect foreign-owned businesses to ensure their compliance with the regulation, Mr Thosapone said. "Thai citizens who are foreigners' nominees and act as co-investors without any actual investment are liable to a jail term of up to three years and/or a fine of 100,000-1 million baht. Last year, Yaowarat Road was ranked eight on the list of the world's "coolest" streets by Time Out magazine for its charming mix of history, food and local activities.
Source:Bangkok Post
January 16, 2023 14:52 UTC
Chuan backs earlier last debate
Chuan backs earlier last debateChuan: Admitsquorum an issueHouse Speaker Chuan Leekpai disagrees with a government plan to hold a general debate after Feb 15, saying the debate should be held early next month, as per the opposition's request. Under the government's plan, the debate is expected to be held either on Feb 15–16 or Feb 23–24, but Mr Chuan yesterday said the debate should take place next month. "The opposition has argued the schedule proposed by the government is too far off, as the opposition tabled a motion for a general debate in December," he said. "The debate -- under Section 152 of the constitution -- is held without a vote." Regarding frequent cancellations due to the lack of quorum, Mr Chuan admitted the government is struggling to control MP defections.
Source:Bangkok Post
January 16, 2023 04:03 UTC
Evaluating the China effect
"The Chinese economy already bottomed out in the second half of 2022 because of their zero-Covid policy," he told the Bangkok Post. The People's Bank of China is also projected to implement measures that provide support for specific businesses, especially vulnerable enterprises. "In 2023, we believe China reopening for domestic and international travel is the most important easing measure that will likely benefit the Thai economy," he said. "After reopening, China will return to competing with other countries," said Mr Kriengkrai. J.P. Morgan analysts are more optimistic about the Chinese economy, upgrading its growth forecast this year to 5.4% from 4.7-4.8%.
Source:Bangkok Post
January 16, 2023 03:59 UTC
House paves way for first Thai casino
The House of Representatives on Thursday approved a full report of the proposal to set up a casino-entertainment zone in Thailand following a three-hour meeting to discuss the matter. Sanhapot Suksrimuang, a committee member from the Palang Pracharath Party (PPRP), told the House the study took 240 days and its report was comprehensive. The MPs spent about two and a half hours making observations and suggestions before endorsing the report. Meanwhile, Thanakorn Komkrit, secretary-general of the Stop Gambling Foundation, criticised the committee report as lopsided, saying it hardly touched on how to prevent illegal gambling dens and widespread online gambling. Despite spending eight months studying the issue, the committee also failed to look into the exploitation of casinos by criminal gangs to launder dirty money, he said.
Source:Bangkok Post
January 14, 2023 15:23 UTC
'Tuhao' case report sent to prosecutors
'Tuhao' case report sent to prosecutorsChinese businessman Chaiyanat "Tuhao" Kornchayanant, 40, in police custody on Nov 23, 2022. (Photo: Pornprom Satrabhaya)Police forwarded their investigation report to prosecutors on Friday concerning a narcotics and money laundering case brought against businessman and suspected crime boss Chaiyanat "Tuhao" Kornchayanant and scores of other suspects. Afterward, the court approved a police request for an arrest warrant for Mr Chaiyanat, one of the prime suspects in the case. He was later charged with money laundering and for his alleged involvement with a Chinese transnational criminal gang, said Pol Gen Damrongsak. "I'm very confident the report contains solid evidence to prove all of the suspects guilty in court," Pol Gen Damrongsak added.
Source:Bangkok Post
January 14, 2023 03:39 UTC
Covid-jab rules for travellers confirmed
(Photo: AFP)The requirement that all international travellers show proof of full Covid-19 vaccination before boarding flights to Thailand will take effect from Sunday, the Civil Aviation Authority of Thailand (CAAT) said on Saturday. The aviation regulator has formally notified all parties about the change to arrival rules for international travellers aged 18 and over. The vaccination requirement was scrapped last October but it has been revived as travel from China is about to resume worldwide on a large scale. Public Health Minister Anutin Charnvirakul has said that any rules adopted in Thailand must not discriminate against any particular country. Thai passport holders or travellers in transit are not required to submit proof of vaccination or hold a Covid-19 insurance policy.
Source:Bangkok Post
January 08, 2023 03:27 UTC