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BUSINESS

PTT in advanced talks with Qatar for LNG deal

Reuters, Published on 07/07/2023

» SINGAPORE/LONDON: Thailand's largest energy company, state-controlled PTT, is in advanced talks with Qatar for a 15-year liquefied natural gas (LNG) supply deal, according to four trading sources.

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BUSINESS

Rice to get costlier as supply threatened

Reuters, Published on 06/07/2023

» MUMBAI: Global rice prices, now at their highest in 11 years, are set to rally further after India moved to boost payments to farmers, just as El Nino threatens yields in key producers and alternative staples get costlier for poor Asians and Africans.

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BUSINESS

Samsung profit 'lowest in over 14 years'

Reuters, Published on 06/07/2023

» SEOUL: Samsung Electronics' June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant's cash cow business despite a supply cut.

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BUSINESS

Uniqlo latest big brand to quit Russia

Reuters, Published on 24/05/2023

» TOKYO: The Japanese clothing brand Uniqlo has decided to leave Russia after suspending its operation there last year, paving the way for a sale of the business, the Izvestia newspaper quoted Russia’s deputy trade minister as saying.

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BUSINESS

Malaysia's chicken export ban 'to end on Aug 31'

Reuters, Published on 04/08/2022

» KUALA LUMPUR: Malaysia's ban on chicken exports is expected to end on Aug 31, Agriculture and Food Industries Minister Ronald Kiandee told parliament on Thursday.

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BUSINESS

Asia LNG spot prices continue rising

Reuters, Published on 24/06/2022

» LONDON: Asian liquefied natural gas (LNG) spot prices continued its upward trend this week as fears of further market tightening following a major outage at a Freeport plant and reduced Russian gas flows to Europe pushed buyers to cover short-term needs.

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BUSINESS

EVs in spotlight at Bangkok motor show as petrol prices soar

Reuters, Published on 30/03/2022

» Thousands attended the Bangkok International Motor Show this week where electric vehicles (EVs) were in the spotlight due to rising petrol prices and a government subsidy taking 15% off the price of some EV cars.

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BUSINESS

Thailand seeks more LNG supply

Reuters, Published on 16/03/2022

» A global energy crunch is sending liquefied natural gas (LNG) prices skywards, but Thailand needs to ramp up its purchases to offset a steep production fall at its largest gas field and as sanctions threaten supplies from Myanmar.

BUSINESS

Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply

Reuters, Published on 01/03/2022

» MUMBAI:- Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil shipments from the top exporting Black Sea region that were disrupted by Russia's invasion of Ukraine.

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BUSINESS

Virtual block of land sells for $2.4m

Business, Reuters, Published on 25/11/2021

» LONDON: A patch of virtual real estate in the online world Decentraland sold for a record US$2.4 million worth of cryptocurrency, the buyer crypto investor Tokens.com and Decentraland said.