Industry

Diesel up by another ?1 per litre, to ceiling of ?35, effective June 14

Thailand’s Fuel Fund Executive Committee decided today (Monday) to increase the diesel price by another one baht per litre, to 34.94 baht, effective tomorrow, the fourth rise since May 1st and almost reaching the ceiling price set at 35 baht/litre.Dire…

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Oil Falls as U.S. Inflation Data Surges, China Imposes Lockdowns

NEW YORK (Reuters) -Oil prices fell on Friday, after U.S. consumer prices rose more than expected and China imposed new COVID-19 lockdown measures.Brent crude fell $1.06 to settle at $122.01 a barrel. U.S. West Texas Intermediate crude fell 84 cents to…

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Monetary Policy Committee forecasts 4.9% inflation for Thailand this year

The Thai cabinet today (Tuesday) acknowledged the Monetary Policy Committee’s projection that the country’s inflation this year will reach 4.9%, which is higher than previous forecasts, mainly due to increases in energy and food prices, according to De…

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Thailand’s diesel price to rise by another baht per litre from Tuesday

The Fuel Fund Executive Board decided to increase the price of diesel fuel by another baht today (Monday), to 33.94 baht per litre, effective tomorrow, following a spike in global prices, due to worries of disruption in supplies from Russia and ease of…

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Atmospheric CO2 more than 50 percent higher than pre-industrial era

Concentrations of carbon dioxide in the atmosphere in May were 50 percent higher than during the pre-industrial era, reaching levels not seen on Earth for about four million years, the main US climate agency said on Friday.Global warming caused by huma…

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Slim prospects for consumer goods price drop for several months

The prices of many consumer products have been increasing, as the Thai Retailer Association warns that there is little prospect that they will come down in the next few months.Meanwhile, Commerce Minister Jurin Laksanawisit told the Lower House, during…

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More than 2.4 million digital lottery tickets snapped up in just one day

More than 2.4 million digital lottery tickets were sold yesterday (Thursday), the first day of Thailand’s online lottery ticket sales, via the ”Pao Tang” application, by the Government Lottery Office (GLO) in a bid to address the overpricing of lottery…

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NFT market sees first insider trading case in US

US authorities have charged a former manager at a digital exchange platform with fraud and money laundering, in what they said was the first insider trading case involving non-fungible tokens, or NFTs.Nathaniel Chastain was working as a product manager…

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Food prices double in Laos as inflation grips economy

Runaway inflation in Laos has caused prices of food, gas and other essentials to nearly double over the past year, some even within the last month, sources in the country told RFA.Inflation in the country is closely related to the value of the kip rela…

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Digital assets stare at uncertain future in Thailand as regulators clip their wings

Ending weeks of speculation, the Bank of Thailand (BOT) and the Securities and Exchange Commission (SEC) on March 24 put in place new regulations governing the digital assets business, effectively curbing their ambitious outreach.The authorities made i…

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