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BUSINESS

Global debt dominates G20 finance talks

AFP, Published on 17/07/2023

» GANDHINAGAR, India: G20 finance ministers and central bank chiefs opened talks Monday on debt restructuring deals, multilateral bank reform and finance to tackle climate change, as they aim to bolster a sagging global economy.

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BUSINESS

Waiting for the dominoes to fall

Business, Post Reporters, Published on 17/07/2023

» Thai politics stands at a crossroads as an attempt to form a new government by eight coalition parties was blocked by military-appointed senators during the vote for a premier in parliament last week.

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BUSINESS

Skills-based compensation mooted

Business, Lamonphet Apisitniran, Published on 17/07/2023

» Pledges to hike the daily minimum wage made by major political parties during their election campaigns raised the hopes of blue-collar workers, but sparked grave concerns among businesses.

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BUSINESS

Asian markets jump as US inflation cools

Business, Published on 15/07/2023

» RECAP: Asian stocks rose for a fifth straight day on Friday, on course for their best week this year, as cooling US inflation stoked speculation that the Federal Reserve could pause interest-rate increases after this month.

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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

Pattaya confronts slow rebound

Business, Molpasorn Shoowong, Published on 13/07/2023

» Tourism operators on the Eastern seaboard project a restrained year in terms of revenue as Chinese visitors trickle back as their economy struggles.

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BUSINESS

Premier delay will affect fiscal budget

Business, Phusadee Arunmas, Published on 12/07/2023

» The implementation of the fiscal 2024 budget, starting on Oct 1, will be delayed if the new prime minister and government are not appointed within this month, according to the Budget Bureau.

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BUSINESS

Rice soars to two-year high in Asia

Bloomberg News, Published on 11/07/2023

» Rice prices in Asia have surged to the highest level in more than two years as importers build up stockpiles on fears that the onset of El Niño will parch plantations and damage crops.

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BUSINESS

Hire-purchase lenders call for rate hike

Business, Somruedi Banchongduang, Published on 11/07/2023

» The Thai Hire-Purchase Association (THPA) has asked the Office of the Consumer Protection Board (OCPB) to increase the maximum interest rate for hire-purchase loans as the business is being affected by rising rates.