Severe shortage of microchips while steel prices rise
THAI manufacturers have been further hit with a double whammy as a severe shortage of microchips has thrown this market into turmoil while prices of all types of steel products are initially rising by 10-15 percent this month, Naewna newspaper said this morning (April 6). Mr. Nawa Chantanasurakorn, vice president of the Federation of […]
Read MoreLabour groups protest high fuel prices at Govt House
REPRESENTATIVES of two large labour union groups and various civil society networks marched to Government House today (April 2) to demand lower fuel prices and action on costly consumer goods plus to stop supporting capitalists, TV Channel 7 said. Led by Mr. Sawit Kaewwan, president of Thai Labour Solidarity Confederation (TLSC), along with the […]
Read MoreFarmers stockpiling fertilisers as war drives up prices
THE Middle East war has led to prices of fertilisers rising in Thailand with the situation exacerbated by a shortage of urea and this leading to farmers stockpiling as they fear further price hikes, Amarin TV said today (March 30). Ms. Pranee Banluesap, owner of a fertiliser and agricultural equipment store in Buriram’s Nang […]
Read MoreFederation reluctantly hikes transport charges
THE HEAD of the Land Transport Federation today (Feb. 27) tearfully announced raising charges because higher fuel prices made it difficult to maintain the cost structure while fearing a domino effect, Amarin TV said. Dr. Thongyoo Kongkhan, the federation’s president, said 136 associations nationwide covering road, bus, and water transport sectors attended a meeting […]
Read MoreTrump urges world powers to secure Iran shipping lane
By AFP and published by CNA WASHINGTON – US President Donald Trump urged other nations to help secure a vital shipping lane choked off by the war with Iran that showed no signs of slowing on Saturday (Mar. 14) as strikes hit the US embassy in Baghdad and a major Emirati energy facility. Two […]
Read MoreThailand has crude oil reserves for another 98 days
IN ALLAYING fears about oil shortage, Deputy Prime Minister-cum-Transport Minister Phipat Ratchakitprakarn confirmed that the country has sufficient crude oil reserves for 98 days while the price of diesel will stay fixed till Monday (Mar. 16), TV Channel 7 and PPTVHD36 said today (Mar. 13). As the 15-day freezing of diesel price is expiring […]
Read MoreNew govt urged to build energy security amid stagflation fears
AS energy shortages may occur during the current US-Israeli war on Iran, with this being a weak point of the Thai economy, the main challenge for the new government will be building energy security and coping with rising energy prices, People’s MP Anusorn Tamajai said today (Mar.8). Amid the looming energy shortages there is […]
Read MoreFertilizer retailers fear prolonged war will drive up prices
WITH most urea fertilizer being produced and shipped from Middle Eastern countries, should the US-Israel war on Iran drag on there will be a ripple effect with retailers seeing sales plunge while farmers would have to cope with increased costs, TV Channel 7 said today (Mar. 7). A survey of fertilizer shops in Buriram […]
Read MoreThailand has enough oil reserve for short term: Panel
WITH the US-Israel air war against Iran having expanded today (March 2) engulfing Lebanon, Gulf states and a British air base in far-away Cyprus, Thailand’s Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) reassured that there are sufficient oil reserves for 60 days and contingency plans could be utilised to secure supplies from […]
Read MoreCrude soars, stocks drop after US strikes on Iran
By AFP – published by Yahoo!News and Thai Newsroom OIL PRICES soared and stocks fell in Asia on Monday (March 2) after US-Israeli strikes on Iran sent investors fleeing the prospect of an extended conflict in the crude-rich Middle East. Brent briefly spiked almost 14 percent and West Texas Intermediate nearly 12 percent at […]
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