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Search Result for “saudi arabia”

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BUSINESS

TAT eyeing visitors from Middle East

Business, Molpasorn Shoowong, Published on 17/07/2023

» The Tourism Authority of Thailand (TAT) is targeting 400,000 visitors from the Middle East this year, including a new record for the Saudi Arabia market.

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BUSINESS

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.

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BUSINESS

Nation urged to find more Middle Eastern investors

Business, Lamonphet Apisitniran, Published on 12/07/2023

» Thailand has the potential to develop more joint investments with Middle Eastern companies that are seeking business opportunities here, says Dubai-based consultancy firm Gulf Analytica.

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BUSINESS

PTT puts renewable strategy into overdrive

Business, Yuthana Praiwan, Published on 11/07/2023

» National oil and gas conglomerate PTT Plc is stepping up efforts to use more renewable power and further develop its hydrogen fuel business, part of a move to grow the company in a sustainable manner.

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BUSINESS

Asian shares fall as rate-hike bets increase

Business, Published on 08/07/2023

» RECAP: Asian stocks slid yesterday to cap a busy first week of the quarter for financial markets, with the dollar standing tall and bonds tumbling as resilient US jobs data has investors bracing for interest rates to head higher still.

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BUSINESS

Production hit by export slowdown

Business, Lamonphet Apisitniran, Published on 03/07/2023

» Manufacturers in 25 industries are adjusting their production plans following an export downturn that caused a drop in value for eight consecutive months, says the Federation of Thai Industries (FTI).

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BUSINESS

Horns of a dilemma

Business, Post Reporters, Published on 26/06/2023

» With the Move Forward Party (MFP) still on track to establish a new government, fresh concerns over the next chapter in Thai-Chinese economic relations have surfaced.

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BUSINESS

Phuket eager to host Specialised Expo 2028

Business, Narumon Kasemsuk, Published on 21/06/2023

» The 172nd general assembly of the Paris-based intergovernmental organisation Bureau International des Expositions (BIE) has scheduled an election for Wednesday that people in Phuket have been planning for since 2020.

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BUSINESS

Thailand moves up competitiveness table

Published on 20/06/2023

» Thailand has improved by three places to 30th in the World Competitiveness Ranking released on Tuesday by the International Institute for Management Development (IMD).

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BUSINESS

Sentiment declines again last month

Business, Lamonphet Apisitniran, Published on 15/06/2023

» Delays in establishing a new coalition government were partly blamed for a drop in the Thailand Industry Sentiment Index (TISI) for a second consecutive month, with the May reading at 92.5 points, down from 95 in April.