Showing 1 - 10 of 132
Part of debt-ridden Oil Fuel Fund posts positive reading
Business, Yuthana Praiwan, Published on 04/06/2025
» The State Oil Fuel Fund, once riddled with huge debts after heavily subsidising oil and gas prices, has seen a shift from red to black ink in its oil account, thanks to decreasing global oil prices, said a source at the Energy Ministry.
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.
Sluggish year ahead for SET following 2 down years
Published on 11/01/2025
» The Stock Exchange of Thailand (SET) was volatile in December with several negative news items affecting the market and blunting modest gains during the first week.
Cooking gas prices unchanged
Business, Yuthana Praiwan, Published on 18/12/2024
» Domestic cooking gas prices will remain unchanged at 423 baht per 15-kilogramme cylinder until the end of March next year, though this increases the financial burden for the debt-ridden state Oil Fuel Fund, says the Energy Policy Administration Committee (EPAC).
Making the solidarity levies case
Oped, Published on 19/11/2024
» From Bridgetown to Nairobi to Paris, no country is immune to the worsening effects of the climate crisis. With each passing year, we witness more climate-related destruction. This year, we have set a number of new records: wildfires in Chile have destroyed more than 14,000 homes; extreme rainfall in Brazil has devastated 478 cities and left nearly 2 million people stranded in Bangladesh; and in July, the world experienced its hottest day ever.
BoT, govt may have wrong inflation data
Oped, Chartchai Parasuk, Published on 17/10/2024
» At the time of writing (Tuesday), the Bank of Thailand's Monetary Policy Committee (MPC) had not met to decide on the policy interest rate which is currently set at 2.50%. The panel was scheduled to meet yesterday and the committee was under pressure to lower the rate by 25 basis points. The pressure arises from many months of low inflation rates and the recent strong Thai baht. Several central banks in the region have cut their policy interest rates for those two reasons. The latest one is the Bank of Korea.
Oil price could hammer indebted fuel fund
Business, Yuthana Praiwan, Published on 07/10/2024
» Escalating tensions between Israel and Iran are expected to drive up global crude oil prices, affecting the Oil Fuel Fund Office's (Offo) debt repayment plan, says an official at the Energy Ministry.
Asian shares extend rally sparked by Fed
Business, Published on 21/09/2024
» RECAP: Asian shares extended their rally yesterday in the afterglow of an outsized US interest rate cut, while the yen edged higher as the Bank of Japan held rates steady and stayed upbeat on the economy.
Asian shares advance on tech rally, rate optimism
Business, Published on 14/09/2024
» RECAP: Most Asian equity markets advanced on Friday, following a tech rally on Wall Street, while US economic data sustained expectations that the Federal Reserve would start cutting interest rates next week.
Asian equities steady after turbulent week
Business, Published on 07/09/2024
» RECAP: Asian equities were poised to end a turbulent week on a steady note and Thai shares had their best week of the year, while currencies edged higher ahead of crucial US payrolls data that could set the stage for a larger interest rate cut.