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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.

  • 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.

  • BUSINESS

    Hoping for a quick political resolution

    Business, Published on 15/07/2023

    » Whichever faction of parties comes together to form a new government, the business sector insists there is an urgent need to swiftly establish an administration.

  • 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.

  • 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.

  • BUSINESS

    Investors advised to await clearer political signals

    Business, Published on 14/07/2023

    » Investors are urged to hold some cash amid the political uncertainty and demonstrations, while any outcome from the parliamentary vote for prime minister will be positive for the stock market because it would provide clarity about Thai politics, say analysts.

  • BUSINESS

    Delay poses risks to the economy

    Business, Phusadee Arunmas, Published on 14/07/2023

    » The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline in GDP.

  • BUSINESS

    Companies on edge regarding delay

    Business, Post Reporters, Published on 13/07/2023

    » The private sector has grown increasingly concerned about the delay in the new government’s formation, which could affect new investments and the tourism sector.

  • BUSINESS

    SET index fluctuates amid uncertain political outlook

    Business, Published on 13/07/2023

    » The Thai stock market switched from gains in the morning session to losses in afternoon trade on Wednesday after the Election Commission (EC) decided to send Move Forward Party (MFP) leader Pita Limjaroenrat’s iTV shareholding case to the Constitutional Court for final judgement.

  • BUSINESS

    Airlines push Pita to help reduce expenses

    Business, Narumon Kasemsuk, Published on 12/07/2023

    » Airlines are urging the new government to relieve the huge burden from exaggerated operational costs, which is 15-20% higher than in other countries, attributed largely to taxes on fuel, revenue and importing aircraft, saying this issue should be fixed within the first 100 days.

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