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Search Result for “high excise tax”

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BUSINESS

ECB holds interest rates as strong euro causes jitters

AFP, Published on 05/02/2026

» FRANKFURT (GERMANY) - The European Central Bank held interest rates steady for its fifth straight meeting Thursday, saying the eurozone economy remained "resilient" despite mounting worries about the impact of a stronger euro.

BUSINESS

Bitcoin drops below $70,000 as ‘forced deleveraging’ accelerates

Bloomberg News, Published on 05/02/2026

» NEW YORK — Bitcoin tumbled below US$70,000 Thursday as negative momentum deepened across cryptocurrencies, driven by vanishing marginal demand and this week’s volatility in tech equities along with precious metals.

BUSINESS

Toyota to raise global hybrid car output by 30% in 2028 as EV demand slows

Kyodo News, Published on 05/02/2026

» KYODO — Toyota Motor Corp will increase its global hybrid vehicle production in 2028 by 30% from the level planned for this year, accounting for some 60% of its worldwide output, sources close to the matter said Thursday.

THAILAND

TCMA Turns Waste into Value with Co-processing for Net Zero 2050

Published on 05/02/2026

» The Thai Cement Manufacturers Association (TCMA) reaffirmed the role of the cement industry as a key national mechanism in supporting systematic waste management, reducing greenhouse gas emissions and creating economic value through co-processing in cement kilns, under the theme “Turning Waste into Purpose for Net Zero 2050”. The initiative reflects collaboration among all cement producers in Thailand, alignment with government policy, and area-based implementation through the SARABURI SANDBOX, contributing tangibly to Thailand’s Net Zero 2050 ambition.

WORLD

Hong Kong temperatures to drop to 13C on Sunday as cold front sweeps in

South China Morning Post, Published on 05/02/2026

» Temperatures in Hong Kong are expected to drop on Sunday as a cold front sweeps across southern China, ending several days of warm and humid weather.

THAILAND

AIT and MIT convene regional policy workshop on data-driven energy transition in Asia

Published on 05/02/2026

» Bangkok, Thailand, Jan 29, 2026 - The Asian Institute of Technology (AIT), in partnership with the MIT Management ASEAN Office, convened a high-level policy workshop in Bangkok on Jan 28 to advance the use of energy–climate modelling and strategic foresight in shaping public decision-making across Asia. 

BUSINESS

Billionaire clan said to weigh $2bn Thai Summit sale

Bloomberg, Published on 05/02/2026

» Thai Summit Group, the country’s largest auto-parts manufacturer, is weighing a sale of its business amid mounting pressure from the global shift to electric vehicles, political uncertainty and family succession gaps, according to people familiar with the matter.

BUSINESS

CPN property fund looks to upgrades for growth

Business, Published on 05/02/2026

» CPN Retail Growth Leasehold Real Estate Investment Trust (CPNREIT) is reinforcing the strength of its high-quality asset portfolio by transforming Central Pinklao and Central Chiangmai Airport.

THAILAND

Thailand and Hungary strengthern relations

News, Post Reporters, Published on 05/02/2026

» Hungarian Foreign Affairs and Trade Minister Péter Szijjártó says people-to-people relations are the key to strengthening bilateral relations between Thailand and Hungary.

THAILAND

Pheu Thai kindles 'sparks of hope'

News, Aekarach Sattaburuth, Published on 05/02/2026

» The Pheu Thai Party has unveiled its three prime ministerial candidates, with Yodchanan Wongsawat -- widely known as "Ajarn Chain" -- named as the party's top choice and first in line to assume the premiership should Pheu Thai win the upcoming general election.