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Oil Prices Predicted to Recover Amidst Global Economic Rebound
Published on 14/07/2023
» The average price of ICE Brent crude oil in the second quarter of 2023 (April 1 - June 30, 2023) remained stable at $77.75 per barrel, indicating tighter supply in the market compared to the previous quarter. Following the OPEC and its allies (OPEC+) meeting on April 3, 2023, a consensus was reached to reduce crude oil production by 2 million barrels per day until the end of 2023. Additionally, several countries, including Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Iraq, Algeria, Kazakhstan, and Gabon, volunteered to implement additional production cuts totalling 1.16 million barrels per day from May to December 2023. Furthermore, Russia extended its planned production cut by 500,000 barrels per day from March to June 2023 until December 2023. As a result, the total production reduction from May to December 2023 stands at 3.66 million barrels per day.
'We were duped' by studios, says Hollywood actor union president
AFP, Published on 14/07/2023
» LOS ANGELES - Hollywood actors were "duped" into extending negotiations for two weeks by studios who wanted more time to promote their summer blockbuster movies, union president Fran Drescher told AFP on Thursday.
PGA Tour, LIV backers drop no-poaching clause from deal
AFP, Published on 14/07/2023
» MIAMI - The PGA Tour and the Saudi Public Investment Fund have dropped a provision from their framework agreement that barred LIV Golf and the Tour from recruiting each other's players, the PGA Tour confirmed Thursday.
Consumers upbeat for 13th month
Business, Phusadee Arunmas, Published on 14/07/2023
» Consumer confidence rose for a 13th straight month in June and posted the highest level in 40 months since March 2020, driven by a resilient tourism sector and increasing agricultural product prices.
New measures to help SMEs in state auctions
Business, Wichit Chantanusornsiri, Published on 14/07/2023
» The Comptroller-General’s Department has issued measures to help small and medium-sized enterprises (SMEs) gain access to government auctions, aiming to deter large firms disguised as SMEs from participating in them, says comptroller-general Kulaya Tantitemit.
A new threat on the banking horizon
Business, Somruedi Banchongduang, Published on 14/07/2023
» The Bank of Thailand warns that online financial fraud is increasing as criminals turn to false base stations.
Tourism operators jittery over protests
Business, Molpasorn Shoowong, Published on 14/07/2023
» Tourism operators are worried about possible protests that could harm the image of the country, while hoping a government is formed as soon as possible.
Investors advised to await clearer political signals
Business, Published on 14/07/2023
» Investors are urged to hold some cash amid the political uncertainty and demonstrations, while any outcome from the parliamentary vote for prime minister will be positive for the stock market because it would provide clarity about Thai politics, say analysts.
Delay poses risks to the economy
Business, Phusadee Arunmas, Published on 14/07/2023
» The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline in GDP.
ALL NEW! Advanced Laser Lipo & Latest Body Contouring and Fat Reduction Laser Technologies
Published on 14/07/2023
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