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Search Result for “gulf economy impact”

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BUSINESS

Thailand touts $31 billion 'Land Bridge' plan amid Hormuz crisis, courts Singapore

Reuters, Published on 27/04/2026

» The closure of ​the Strait of Hormuz has given Thailand impetus to advance a longstanding plan to create ​a logistics link between the Indian ‌and Pacific oceans, with its government on Monday seeking to court Singapore as a potential investor.

BUSINESS

Japan bathhouses in deep water as energy costs boil over

Kyodo News, Published on 27/04/2026

» Traditional public bathhouses in Japan are in deep water as soaring energy costs triggered by the Middle East oil supply disruptions threaten to extinguish the fires of a fading tradition, with some of them forced to shorten their hours or even shut their doors for good.

BUSINESS

Oil climbs nearly 2% as US-Iran peace talks stall

Reuters, Published on 27/04/2026

» SINGAPORE - Oil prices extended gains on Monday, rising nearly 2% as peace talks between the United States and Iran stalled while shipments through the Strait of Hormuz remained limited, keeping global oil ​supplies tight.

BUSINESS

Thai banks pivot as fees are regulated

Business, Somruedi Banchongduang, Published on 27/04/2026

» Banks are preparing for a potential decline in fee-based income following the central bank's move to standardise banking fees, despite strong growth in the first quarter of this year.

BUSINESS

Thailand wilts as 'financial summer' batters households

Business, Somruedi Banchongduang, Published on 27/04/2026

» As temperatures climb across Thailand, households are feeling more than just the heat. This year's hot season has brought a sharp rise in living costs, particularly fuel prices, tightening budgets and amplifying financial strain.

BUSINESS

Rising oil, power costs weigh on steel

Business, Lamonphet Apisitniran, Published on 27/04/2026

» Thailand's steel and iron industry is reeling from the impact of soaring oil prices triggered by the Middle East conflict, as higher shipping costs for imported iron ore -- the key raw material for steelmaking -- push production expenses to new heights.

BUSINESS

Bitkub targets HK listing as it diversifies

Business, Nuntawun Polkuamdee, Published on 27/04/2026

» Bitkub Group has reaffirmed its position as Thailand's leading cryptocurrency platform despite intensifying competition, while accelerating strategic diversification into new businesses and exploring a potential listing on the Hong Kong stock exchange.

BUSINESS

Nation prepares for long, hot dry season

Business, Wichit Chantanusornsiri, Nareerat Wiriyapong and Somhatai Mosika, Published on 27/04/2026

» The likelihood of a "super El Niño" poses a serious threat to Thailand's agricultural sector, particularly rice production, potentially increasing food security risks.

BUSINESS

Discount tilt enhances Tops' spending, sales growth

Business, Kuakul Mornkum, Published on 27/04/2026

» Tops, a food business under Central Retail Corporation, aims to emphasise its house brand products amid challenging economic conditions, while launching discount campaigns to attract customers.

BUSINESS

Rise of the AI civil servants

Business, Published on 27/04/2026

» At least 80% of governments will deploy AI agents to automate routine decision-making, enhancing efficiency and service delivery by 2028, according to the business and technology insights company Gartner Inc.