Showing 1 - 10 of 9,217
Pushback on VAT scheme for Thai SMEs
Business, Published on 09/05/2025
» Even though Finance Minister Pichai Chunhavajira has decided not to impose the value-added tax (VAT) on businesses earning less than 1.8 million baht annually to increase state revenue and reduce the budget deficit, the business community and especially small and medium-sized enterprises (SMEs) are concerned that any expansion of VAT would exacerbate their struggles.
Tariff measures weigh on oil and global growth
Published on 08/05/2025
» The average price of ICE Brent crude oil in Q1/ 2025 was US$74.97/BBL, slightly higher than $74.01/BBL in the fourth quarter of 2024. The increase followed US sanctions imposed on major Russian energy companies such as Gazprom Neft and Surgutneftegas, as well as 183 oil tankers involved in Russia's "shadow fleet" exports. Platts estimated the sanctions affected about 1.5 million barrels per day of Russia’s seaborne oil exports, driving crude prices up to $82/BBL on Jan 15, 2025, the highest level since August.
Thai fuel prices unchanged despite tax hike
Yuthana Praiwan, Published on 07/05/2025
» Retail prices of fuel remain unchanged in Thailand despite a decision to increase the fuel excise tax by 15%, according to Energy Minister Pirapan Salirathavibhaga.
Big Oil sails on amid storm threat
News, Published on 07/05/2025
» Top oil and gas companies are watching the worsening global economic outlook with trepidation, but they currently appear to be doing little to correct course in the face of the approaching storm. The level of uncertainty in global energy markets has shot up in recent months due to US President Donald Trump's tariff flip-flops, stop-start negotiations over the Ukraine conflict, tightening sanctions on Iran, and growing signs of disagreement among Opec and other major producers.
Oil fund loss likely to evaporate in H2
Yuthana Praiwan, Published on 06/05/2025
» The state Oil Fuel Fund’s huge loss of 47.7 billion baht is expected to be wiped out this year thanks to a decrease in global crude oil prices, says an Energy Ministry official.
Thailand inflation drops 0.22%, supporting more rate cuts
Bloomberg News, Published on 06/05/2025
» Thailand's inflation turned negative for the first time in more than a year on cheaper fuel prices and increased fresh food supplies, creating more room for the central bank to cut rates further to deal with the impact of the trade war.
Asian currencies surge on weaker dollar, oil falls
Published on 05/05/2025
» Asian currencies advanced amid broad weakness in the dollar and US assets as investors awaited further progress on trade deals. Crude oil slumped 3.6% after OPEC+ agreed to a further surge in output.
Call for major rethink of economic policy
Business, Wichit Chantanusornsiri, Published on 05/05/2025
» Academics have raised concerns about the lack of tangible progress in the government's economic performance.
Supply glut hits petrochemicals
Business, Published on 02/05/2025
» This year is likely to be another tough one for downstream petrochemical businesses, which serve various industries ranging from automotive and textiles to medical equipment and toys.
Oil prices set for biggest monthly drop since 2021
Published on 30/04/2025
» Oil prices are headed for their largest monthly decline since November 2021 on signs that the US-led trade war is hurting economic growth and energy demand at a time when the Opec+ alliance has been loosening supply curbs.