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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

Refilling stomachs, not cars

Business, Yuthana Praiwan, Published on 05/07/2021

» The next job on the checklist for PTT Oil and Retail Business Plc (OR), which operates the Cafe Amazon franchise, may stun its rivals embarking on non-oil ventures.

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

Stocks climb as prospects for fed rate hike recede

Business, Published on 06/06/2016

» Recap: Global stock markets rose last week as investors now believe the US Federal Reserve will not raise interest rates until July at the earliest, given concerns about the market impact of the June 23 UK referendum on EU membership. Poor US job figures for May also weakened the case for a rate hike. A recovery in oil prices also lifted sentiment. Thai shares advanced on buying of energy and bank blue chips.

BUSINESS

Smooth sailing for Mermaid in offshore oil business

Business, ShareInvestor, Published on 07/11/2014

» Mermaid Maritime Plc, a provider of subsea and drilling services for the offshore oil and gas industry, is a subsidiary of Thailand-based shipping group Thoresen Thai Agencies Plc (TTA). Mermaid has been listed on the Singapore Exchange since 2007. Chalermchai Mahagitsiri, executive vice-chairman and chief executive, discusses his company's strategy and outlook.