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BUSINESS

Subsidy on premium diesel revoked

Business, Chatrudee Theparat, Published on 30/03/2022

» The cabinet on Tuesday approved revoking the subsidy on premium diesel used in luxury cars, effective from April, in a move to save on budget expenses.

BUSINESS

Biorefinery slated for operation in 2024

Business, Chatrudee Theparat, Published on 01/04/2022

» Bio Base Asia Pilot Plant (BBAPP), which manages the multi-purpose biorefinery pilot plant in the Eastern Economic Corridor of Innovation in Rayong, is scheduled to start operation in 2024.

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BUSINESS

NESDC warns rapidly ageing society likely to hit economy

Business, Chatrudee Theparat, Published on 21/03/2022

» The increase in elderly among the Thai population and declining birth rate are expected to hinder the country's future economic expansion, according to a new study by the government's planning unit.

BUSINESS

EEC Office says aid schemes need rejig

Business, Chatrudee Theparat, Published on 22/03/2022

» The government may need to rejig its financial assistance policies involving low-income earners, farmers, employees, self-employed workers, micro-businesses, and small and medium-sized enterprises, as many of them still fail to obtain the government's financial packages and other assistance, says the chief of the Eastern Economic Corridor Office (EEC Office).

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BUSINESS

Cabinet okays EEC smart city deal

Business, Chatrudee Theparat, Published on 23/03/2022

» The cabinet approved a smart city development on Tuesday, the fifth flagship infrastructure project in the Eastern Economic Corridor (EEC), with investment worth a combined 1.34 trillion baht over 10 years.

BUSINESS

Think tank recommends metaverse to pace economy

Business, Chatrudee Theparat, Published on 08/03/2022

» The government should pay more attention to metaverse development as a potential technology to help rehabilitate the Thai economy, says the National Economic and Social Development Council (NESDC).

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THAILAND

Energy costs prompt crisis talks

News, Chatrudee Theparat, Published on 09/03/2022

» The National Energy Policy Committee (NEPC) will on Wednesday discuss measures to deal with soaring energy prices, including efforts to maintain the cap on diesel prices at below 30 baht a litre.

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BUSINESS

State slashes excise tax on fuels used by Egat

Business, Chatrudee Theparat, Published on 09/03/2022

» The cabinet on Tuesday approved cutting the excise tax on diesel and bunker oil used to generate electricity by the Electricity Generating Authority of Thailand (Egat) to zero in a bid to lower electricity bills for six months.

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BUSINESS

Loans capped for Oil Fund to be lifted

Chatrudee Theparat, Published on 09/03/2022

» The National Energy Policy Committee (NEPC) on Wednesday resolved to remove the 40-billion-baht cap on loans to support the Oil Fund in the wake of the Russian invasion of Ukraine.

BUSINESS

State vows to expedite EEC projects

Business, Chatrudee Theparat, Published on 10/03/2022

» The government vows to accelerate key investment infrastructure projects in the Eastern Economic Corridor (EEC) and pledges to ensure transparency and fairness to the private sector.