Showing 1 - 10 of 54,708
Oil prices remain under pressure after the OPEC policy change to increase oil production
Published on 18/06/2024
» ICE Brent crude oil prices have been hovering around $80 to $90 per barrel since early February, supported by OPEC+ crude oil production cuts and conflicts in the Middle East. However, at the beginning of June, prices fell back below $80 per barrel after an OPEC+ policy change. On June 2nd, the OPEC+ group decided to increase oil production by a total of 2.2 million barrels per day (0.18 million barrels per day per month from October to December 2024 and 0.213 million barrels per day per month from January – September 2025) which is the main supply pressure on prices. PTT Trading’s international market analysis team predicts that ICE Brent crude prices will range between $75 and $85 per barrel in Q3 2024.
EV startup files for bankruptcy
Published on 18/06/2024
» BENGALURU - American electric vehicle (EV) maker Fisker filed for bankruptcy protection late on Monday as deal talks with a big automaker collapsed, exposing the startup to the fallout of a rapid cash burn to deliver its 'Ocean' SUVs in the United States and Europe.
Bank of Thailand governor warns against tweaking inflation target
Published on 18/06/2024
» Bank of Thailand Governor Sethaput Suthiwartnarueput on Tuesday warned that any move to raise the monetary authority’s inflation target may unanchor expectations and result in quickening price gains, which carries risks for economic growth.
Frasers shifts focus to high-priced homes
Kanana Katharangsiporn, Published on 18/06/2024
» Residential developer Frasers Property Home (Thailand) (FPH) is focusing on high-priced segments for new launches and will adjust product prices at existing projects to cope with the market slowdown.
Central bank unfazed by factory closures
Business, Somruedi Banchongduang, Published on 18/06/2024
» The Bank of Thailand says new business registrations still outnumber factory and business closures, with no adverse impact yet on the country's employment figures.
FTI urges auto parts producers to diversify
Lamonphet Apisitniran, Published on 18/06/2024
» Local auto parts manufacturers are being urged to adapt to the technological disruption caused by electric vehicles (EVs) and transition to the production of medical devices, which are expected to have a promising business future, says the Federation of Thai Industries (FTI).
Julapun questions phone inclusion
News, Wichit Chantanusornsiri, Published on 18/06/2024
» Deputy Finance Minister Julapun Amornvivat is urging the Commerce Ministry to reconsider its decision to allow recipients of the 10,000-baht payout through the digital wallet scheme to spend the money on mobile phones, saying the move won't benefit the domestic economy.
Survey reveals younger generations' preferences
Business, Suchit Leesa-nguansuk, Published on 18/06/2024
» Meaningful work, flexible work-life balance and career opportunities are key to recruiting and retaining Generation Z and millennial cohorts in Thailand, according to a survey by consulting firm Deloitte.
Launch prepared for Thaicom 9A broadband satellite
Business, Komsan Tortermvasana, Published on 18/06/2024
» SET-listed Thaicom is set to launch its new broadband satellite Thaicom 9A in the 119.5° East orbital slot, with the service expected to start in the first quarter of 2025, according to its space economy business strategy.
Emirates turns aircraft scrap into school bags
Life, Pattarawadee Saengmanee, Published on 18/06/2024
» As a unique way to commemorate World Environment Day, Emirates will recycle more than 50,000kg of scrap material from 191 aircraft undergoing an interior refurb to create thousands of backpacks and school bags. This year, they will be distributed to schools and organisations that support early education in Asia and Africa.