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BUSINESS

Small power tariff cut gets preliminary approval

Yuthana Praiwan, Published on 21/04/2023

» Energy regulators on Monday will review a recommended adjustment that would reduce household electricity bills by 1.5%, to 4.70 baht per kilowatt-hour (unit) from 4.77 baht planned earlier, from May to August.

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BUSINESS

ERC doubles down on GPSC block decision

Business, Yuthana Praiwan, Published on 14/12/2018

» As expected, the country's power regulator, the Energy Regulatory Commission (ERC), has finally declared a second resolution to derail a takeover effort by Global Power Synergy Plc (GPSC), a PTT subsidiary, for Glow Energy Plc.

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BUSINESS

Audit panel asks SEC for intervention in IFEC vote

Business, Yuthana Praiwan, Published on 14/03/2018

» An audit committee of SET-listed Inter Far Energy Corporation Plc (IFEC) has called for the Securities and Exchange Commission (SEC) to intervene in the election of the executive board, saying too many board members have resigned and the remaining members cannot sign off on the company's internal audit.

BUSINESS

Licence laws close to passing

Business, Yuthana Praiwan, Published on 07/03/2017

» The energy committee of the National Legislative Assembly (NLA) is close to clearing the new Petroleum Act and Petroleum Exploration and Production Tax Act, a major facet of which will be used to govern licences granted for petroleum exploration.

BUSINESS

Petroleum Act gains cabinet nod

Business, Yuthana Praiwan, Published on 08/06/2016

» The revised Petroleum Act was approved by the cabinet yesterday, including allowances for the production sharing contract (PSC) and service contract (SC) systems as alternatives for benefit sharing in upstream petroleum.

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BUSINESS

Energy reform 'would end political meddling'

Business, Yuthana Praiwan, Published on 01/09/2015

» The next stage of energy reform under the military government will focus on how to prevent political interference in the energy business, says Thongchat Hongladarom, chairman of the Energy Reform Committee.

BUSINESS

FTI chairman Payungsak insists he will never resign

Business, Yuthana Praiwan, Published on 23/11/2012

» Despite mounting pressure, Federation of Thai Industries chairman Payungsak Chartsutipol yesterday insisted he will never resign.

BUSINESS

PTTEP extends Cove deadline again

Business, Yuthana Praiwan, Published on 27/07/2012

» PTT Exploration and Production Plc (PTTEP), Thailand's sole gas explorer, has again extended its offer to purchase shares of the London-based Cove Energy Plc, this time to next Tuesday.