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Search Result for “refining margins”

Showing 1 - 10 of 12

BUSINESS

Thailand mulls windfall tax on oil refineries

Business, Wichit Chantanusornsiri, Published on 28/03/2026

» The Fiscal Policy Office (FPO) has acknowledged it is studying the feasibility of introducing a windfall tax on refinery businesses in Thailand.

BUSINESS

SCB expects panel to cut policy rate to 1%

Business, Wichit Chantanusornsiri, Published on 22/12/2025

» Siam Commercial Bank (SCB) expects the Monetary Policy Committee (MPC) to cut the policy rate to 1% by the first half of next year to support inflation and mitigate debt deflation risks.

THAILAND

Thais use rare earth leverage

News, Wichit Chantanusornsiri, Published on 29/10/2025

» The recent signing of a memorandum of understanding (MoU) between Thailand and the US on rare earth minerals is expected to enhance Thailand's opportunity to negotiate on reciprocal tariffs, says Ekniti Nitithanprapas.

BUSINESS

Tariff no threat to mid-sized motorcycles

Business, Wichit Chantanusornsiri, Published on 18/08/2025

» Thailand's medium-sized motorcycles (engines of 250-800cc), a key export product to the US, are likely to retain their market share despite the new 19% reciprocal tariff.

BUSINESS

Excise mulls retail tweak

Business, Wichit Chantanusornsiri, Published on 13/01/2025

» The Excise Department is considering updating the suggested or recommended retail price for products subject to excise tax to ensure they are up to date.

BUSINESS

Excise review to focus on low retail prices

Business, Wichit Chantanusornsiri, Published on 16/12/2024

» The Excise Department is preparing to review recommended retail prices, which are used as the basis for calculating excise taxes, as the current prices for many products are 5-10% lower than their actual prices.

BUSINESS

Government Savings Bank president maintains focus on social impact

Business, Wichit Chantanusornsiri, Published on 09/08/2024

» Vitai Ratanakorn, now in his second term as president of Government Savings Bank (GSB), has reiterated the bank's commitment to operating as a social bank, increasing access to the financial system for all people rather than focusing on maximising profits.

BUSINESS

Total premiums expected to reach B1tn by 2026

Business, Wichit Chantanusornsiri, Published on 18/01/2024

» The Office of the Insurance Commission (OIC) says the insurance sector expanded by 4.5% recently, with total insurance premiums expected to reach 1 trillion baht in 2026, up from 800-900 billion baht at present, according to secretary-general Chuchatr Pramoolpol.

THAILAND

Extra revenues could help limit fuel price rises

News, Wichit Chantanusornsiri, Published on 03/07/2022

» Chiang Mai: Any surpluses in the country's revenues could be spent to fund the kingdom's diesel subsidy initiative and keep fuel prices down, according to Finance Minister Arkhom Termpittayapaisith.

BUSINESS

Shaving shipping risk

Business, Wichit Chantanusornsiri, Published on 15/03/2021

» The pandemic is a once-in-a-century crisis that will leave scars in the form of persistent economic damage, and some insurance companies see the risks as a ticking time bomb.