Business

Electricity rate for August frozen to ease burden on low-income households

The Ministry of Energy and the Energy Regulatory Commission agreed, at their joint meeting yesterday (Monday), to freeze the electricity rate for August after Prime Minister Prayut Chan-o-cha expressed concern that the increase in the fuel tariff (FT),…

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Tensions with U.S. spur Chinese buying of chipmaking stocks

SHANGHAI, Chinese chipmakers’ shares jumped by the most in two years this week as House of Representatives Speaker Nancy Pelosi’s visit to Taiwan heightened tensions with the U.S., driving patriotic bets on a sector Beijing sees as key to its rivalry w…

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Indonesian Company Delivered NC212i Aircraft To Thailand

JAKARTA, Indonesian state-owned aircraft manufacturer, PT Dirgantara Indonesia (DI), said yesterday that, the company delivered an NC212i aircraft, ordered by Thailand Department of Royal Rainmaking and Agricultural Aviation (DRRAA).The aircraft took a…

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Thailand’s Auto Production Up 6.53 Percent In June

BANGKOK, Thailand’s auto producers churned out 143,016 vehicles in June, up 6.53 percent year on year, the Federation of Thai Industries (FTI) said yesterday.In the first half of this year, the country’s auto production totalled 870,109 units, an incre…

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Lacklustre trade as ex-farm egg prices increase

Trade at chicken farms in Bangkok’s Rom Sai-Bang Bon area was lacklustre today (Wednesday), the first day that the price of ex-farm chicken eggs increased by 20 satang to 3.40 baht per egg, or a six baht increase for a pack of 30.The price increase, th…

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Ukraine becomes Association country of International Energy Agency

BAKU, Azerbaijan, Ukraine became an Association country of the International Energy Agency (IEA), Trend reports.The signing ceremony took place in Warsaw, Poland. The IEA-Ukraine Joint Association Agreement was signed by German Galushchenko, Ukraine’s …

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Thailand’s trade deficit for June amounts to 40 billion baht as currency weakens

Thailand’s trade deficit for the month of June was over 40 billion baht, partly due to a 19% increase in the value of imports, especially energy. The figure includes a 10% increase in the value of exports. The Thai baht also weakened against the US dol…

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Retail price of bottled palm oil in Thailand reduced by up to ?5

Retail prices of one-litre bottles of palm oil at department stores and super markets have reduced from 69-70 baht to 64-65 baht, in response to a request from the Internal Trade Department.The department’s deputy director-general, Udom Srisomsong, sai…

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PTT, Bangchak to cut petrol prices by 3 baht/litre from Friday

PTT Public Company and Bangchak Corporation have agreed to reduce the prices of benzine products at their gas stations by three baht per litre, in line with a drop in global fuel prices, effective from 5am on Friday.Benchmark U.S. crude oil for August …

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Chinese investors buy up more land in Laos

Chinese businesses investing in Laos are quickly buying up land for factories, hotels and other development projects, as China’s influence continues to grow in the impoverished, landlocked country to its south.“A lot of Chinese are buying land for futu…

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