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BUSINESS

Euro 5 upgrade delayed at 6 refineries

Business, Yuthana Praiwan, Published on 15/07/2020

» The enforcement of Euro 5 emissions standards will be postponed from 2024 after lockdown measures halted upgrade plans at six refineries, says the Energy Business Department.

BUSINESS

GPSC restructuring to elevate renewables ahead of schedule

Business, Yuthana Praiwan, Published on 10/07/2020

» National oil and gas conglomerate PTT says it will restructure its power generation arm, Global Power Synergy (GPSC), to hasten its transition to renewable energy despite revenue shortfalls resulting from the pandemic.

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BUSINESS

IRPC slashes capex to maintain liquidity

Business, Yuthana Praiwan, Published on 10/07/2020

» SET-listed IRPC Plc, the petrochemical arm of national energy conglomerate PTT Plc, is slowing investment in new projects, slashing its spending by 27.8 billion baht to maintain liquidity.

BUSINESS

JSCCIB urges deep CPTPP examination

Business, Yuthana Praiwan, Published on 09/07/2020

» The unsettled debate on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has prompted the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) to conduct a new thorough study to decide whether Thailand should join the trade deal.

BUSINESS

EPG turns to healthcare market after sales drop

Business, Yuthana Praiwan, Published on 07/07/2020

» SET-listed Eastern Polymer Group (EPG), Thailand's top plastic moulder by capacity, is considering a move into the lucrative healthcare plastics market after suffering sales drops in its automotive products and insulation materials in air conditioners because of the pandemic.

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BUSINESS

Solar leader SPCG cuts 2020 growth estimate

Business, Yuthana Praiwan, Published on 07/07/2020

» SET-listed SPCG, the largest solar farm operator by capacity, is slashing its 2020 revenue estimate, expecting growth of only 3.3% because of the pandemic.

BUSINESS

Institutional investors keen on PTT debentures

Business, Yuthana Praiwan, Published on 08/07/2020

» National oil and gas firm PTT received a warm welcome as it issued debentures for the first time since 2015, with institutional investors showing huge interest by offering 65 billion baht.

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BUSINESS

Gulf Energy buys German wind farm

Business, Yuthana Praiwan, Published on 08/07/2020

» Gulf Energy Development has acquired Germany's Borkum Riffgrund 2 (BKR2) offshore wind farm, worth more than 19 billion baht, in a move to expand its renewable energy business in Asia and Europe this year.

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BUSINESS

Gulf to buy Vietnamese wind farms

Business, Yuthana Praiwan, Published on 04/07/2020

» SET-listed Gulf Energy Development Plc announced yesterday that it would purchase wind farms in Vietnam worth roughly US$200 million to take advantage of low interest rates as the firm seeks projects with a quick return on investment.

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BUSINESS

Ratch giving Teco to Hin Kong Power

Business, Yuthana Praiwan, Published on 06/07/2020

» Ratch Group has announced a plan to decommission the wholly owned Tri Energy (Teco), a 20-year-old operator of a combined-cycle power plant, after its power purchase agreement (PPA) with Electricity Generating Authority of Thailand (Egat) expired on June 23.