Showing 1 - 10 of 27
American invasion likely to shape crude prices, baht
Business, Wichit Chantanusornsiri, Published on 06/01/2026
» The US invasion of Venezuela is likely to send global oil prices lower and weaken the baht, according to a researcher, while managing economic and diplomatic policy amid geopolitical entanglements could become more complicated.
India and UAE to develop Sri Lanka energy hub
Published on 05/04/2025
» COLOMBO - India and the United Arab Emirates have agreed to develop an energy hub in Sri Lanka, the Indian foreign ministry said on Saturday, as New Delhi’s competition with China grows in the Indian Ocean island nation.
Asian shares retreat as US rate-cut prospects dim
Business, Published on 21/12/2024
» RECAP: Asian equities declined on Friday and the dollar traded near a two-year high as investors continued to fret about the likelihood of fewer US interest rate cuts in the coming year.
Joint Venture Payment Dispute Leaves Workers Unpaid
Published on 07/08/2024
» From 24 July 2024 to the present, workers have continuously gathered along Sukhumvit Road in front of Thaioil’s refinery in Si Racha District, Chonburi Province, due to non-payment by contractors. Initially, the gathered workers were employees not paid by their employers: One Turn Ten Company Limited ("One Turn Ten"), EMCO LTD (Thailand) Company Limited ("EMCO"), and Thai Fong Engineering and Construction Company Limited ("Thai Fong"), who are subcontractors of Sinopec Engineering Group (Thailand) Co., Ltd. ("Sinopec").
Thai Oil refutes claims of B567m wage settlement
News, Post Reporters, Published on 01/08/2024
» Thai Oil Public Company Ltd denies agreeing to issue a payment of 567 million baht to help settle outstanding wages owed to workers by subcontractors.
Unpaid Subcontractors Gather Again at Thai Oil Refinery
Published on 31/07/2024
» Following the continuous gathering of workers along Sukhumvit Road in front of Thai Oil’s Refinery in Si Racha District, Chonburi Province from 24 – 26 July 2024, due to non-payment from contractors, an inquiry by Thai Oil Public Company Limited (the “Company”) revealed that the workers are employees of One Turn Ten Company Limited (“One Turn Ten”), EMCO LTD (Thailand) Company Limited (“EMCO”), and Thai Fong Engineering and Construction Company Limited (“Thai Fong”). These three companies are subcontractors of Sinopec Engineering Group (Thailand) Co., Ltd. (“Sinopec”), which in turn is a subcontractor of the Unincorporated Joint Venture of Petrofac South East Asia Pte. Ltd. (“Petrofac”), Saipem Singapore Pte. Ltd. (“Saipem”), and Samsung E&A (Thailand) Co., Ltd. (formerly Samsung Engineering (Thailand) Co., Ltd.) (“Samsung”) (collectively, the “UJV”). The UJV is the main contractor for the construction of the Clean Fuel Project (CFP) for the Company, and the workers have gathered to demand payment for their services from the three companies (One Turn Ten, EMCO, Thai Fong), as well as from Sinopec and the UJV. The three companies did not receive payment from Sinopec, and Sinopec itself has not received payment as per the relevant subcontract from the UJV, leading to Sinopec’s inability to pay the subcontractors, including the aforementioned three companies.
Oil workers protest wages
News, Post Reporters, Published on 27/07/2024
» The Labour Ministry has ordered relevant parties to resolve the unpaid wage issue that has led to hundreds of workers protesting in front of Thai Oil's refinery in Chon Buri since Wednesday.
China rice imports set to soar
Business, Phusadee Arunmas, Published on 13/03/2024
» Thailand expects rice exports to Hong Kong and China, especially riceberry and brown rice, to increase this year thanks to the global economic recovery and a preference for high-quality rice.
Qatar announces first major gas deal for Germany
AFP, Published on 29/11/2022
» DOHA: Qatar on Tuesday announced its first major deal to send liquefied natural gas to Germany as Europe scrambles to find alternatives to Russian energy sources.
Five Chinese firms to exit US stock market
Published on 12/08/2022
» SHANGHAI: Five major Chinese companies including two of the country’s largest oil producers will delist from the New York Stock Exchange, the firms said in filings on Friday.