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GENERAL

ABM to restructure after hefty losses

Business, Yuthana Praiwan, Published on 06/03/2024

» Asia Biomass Plc (ABM), Thailand's largest biomass fuel producer and distributor by volume, is struggling to escape a 77-million-baht loss last year by restructuring its business.

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GENERAL

Pilatus Marine expects flat revenue growth

Business, Yuthana Praiwan, Published on 12/10/2023

» SET-listed Pilatus Marine, Thailand's largest liquefied petroleum gas (LPG) transport operator by capacity, expects its 2023 revenue to be on par with last year when it earned 795 million baht, attributed to declining sales, oil prices and freight fees.

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BUSINESS

Public to ponder power tariff options

Business, Yuthana Praiwan, Published on 11/03/2023

» The Energy Regulatory Commission (ERC) is gathering public opinion on its proposal for a single power tariff rate, which would make electricity bills cheaper for businesses but slightly more expensive for households.

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BUSINESS

The struggle in harnessing power prices

Business, Yuthana Praiwan, Published on 25/01/2023

» Following protests from the business community, the Energy Regulatory Commission (ERC) reduced its planned hike to the power tariff for companies to 13%, down from 20.5%, but entrepreneurs say they cannot maintain product prices at these rates.

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BUSINESS

Oil fund considering second B30bn loan

Yuthana Praiwan, Published on 04/01/2023

» The Oil Fuel Fund Office (Offo) is considering seeking an additional 30-billion-baht loan within March to repay debts incurred by using the fund to subsidise diesel and liquefied petroleum gas (LPG) prices.

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BUSINESS

PTTEP hopes to access Erawan next month

Business, Yuthana Praiwan, Published on 17/12/2021

» PTT Exploration and Production Plc (PTTEP) expects to be able to enter the disputed Erawan gas field in January next year, assuming months-long talks on site access can be concluded within December.

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BUSINESS

Power bills poised to rise 4.6% in early 2022

Business, Yuthana Praiwan, Published on 20/11/2021

» Power bills are set to increase by 4.6% from January to April next year to an average of 3.78 baht per kilowatt hour (unit) as Thailand needs to import costly liquefied natural gas (LNG) for electricity generation, says the Energy Regulatory Commission (ERC).

BUSINESS

Office expects drop in global oil price

Business, Yuthana Praiwan, Published on 10/04/2021

» The Energy Policy and Planning Office (Eppo) expects global oil prices to decrease after Opec and its allies agreed to increase petroleum production in a cautious move in line with global economic recovery.

BUSINESS

Mineral Fuels chief shuffled amid dispute

Business, Yuthana Praiwan, Published on 16/10/2019

» The director-general of the Mineral Fuels Department, Premrutai Vinaiphat, has been reassigned as inspector-general of the Energy Ministry amid an unresolved dispute over gas platform decommissioning expense in the Erawan and Bongkot offshore fields.

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BUSINESS

PTTEP evolves with the times

Business, Yuthana Praiwan, Published on 26/11/2018

» Phongsthorn Thavisin was appointed chief executive of PTT Exploration and Production Plc (PTTEP), the SET-listed oil and gas drilling firm, in early October.