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Economics at bangkokpost.com

Friday, Apr 19

17

Diesel price rising by another 50 satang

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Diesel prices will rise by 50 satang a litre on Saturday after an excise tax cut for the fuel expires, energy policy makers said on Friday.

16

PM reviews plans to fix Phuket traffic

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Prime Minister Srettha Thavisin met local authorities in Phuket on Friday to follow up on construction plans aimed at alleviating traffic congestion in the island province.

12

Beijing orders Apple to pull WhatsApp from China store

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Apple Inc said that it removed Meta Platforms’ WhatsApp and Threads from its China apps store after an order from the country’s internet regulator, which said the services pose risks to the country’s security.

10

Bitcoin's 'halving': what is it and does it matter?

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LONDON - Bitcoin's long-anticipated 'halving' is, depending on where you sit, a vital event that will burnish the cryptocurrency's value as an increasingly scarce commodity, or little more than a technical change talked up by speculators…

05

Stocks sink, oil surges on reports of Middle East attacks

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OKYO: Asian shares and bond yields sank on Friday while the dollar, yen, oil and gold surged after reports of a sharp escalation in Middle East hostilities.

03

Taiwan's Somnics co-invests in factory

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The government plan to develop Thailand as a medical hub in Southeast Asia has encouraged Thai and Taiwanese medical equipment companies to co-invest to build a new factory here, aiming to establish an export base for a variety of products…

02

New Energy Plus Solutions foresees 66% growth in earnings

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An older demographic and greater use of electric vehicles (EV) are the driving forces behind the solar power business in Thailand, says New Energy Plus Solutions Co (NEPS), which expects 66% growth in its earnings this year from sales of…

Indorama allots $1.89bn capex for 3 years

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Indorama Ventures (IVL), one of the world's largest petrochemical producers, plans to invest US$1.89 billion (68 billion baht) over three years, noting a gradual recovery of the global petrochemical industry and asset optimisation should…

Thursday, Apr 18

00

Bitcoin halving set to reshape market

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The upcoming Bitcoin halving has the potential to reshape the digital asset industry as the four-year cyclical event restricts the influx of new Bitcoin, supports long-term price appreciation and drives institutional interest in the world…

Bad loans set to surge at banks in Q1

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The banking sector is poised for higher non-performing loans (NPLs) in the first quarter this year, stemming from retail and small and medium-sized enterprises (SMEs), according to brokerages.

14

BAAC union queries lending capacity

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The labour union of the Bank for Agriculture and Agricultural Cooperatives (BAAC) is seeking legal opinions about whether the government can borrow from the state-owned bank to support its costly digital wallet handout.

Diesel subsidy possible if excise tax cut ends

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The Oil Fuel Fund Office (Offo) says it will continue to subsidise retail diesel prices if the government decides to end the diesel excise tax cut.

13

Final high-speed rail contracts to be signed soon

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The State Railway of Thailand (SRT) expects the last two construction contracts for the first phase of the Thai-Chinese high-speed railway to be signed soon, according to Deputy Transport Minister Surapong Piyachote.

Suriya vows 20-baht flat fare next year

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Transport Minister Suriya Jungrungreangkit says he is pushing for a 20-baht flat fare for all electric train lines to be introduced by September 2025 through a common ticketing system.

12

India ready for election marathon

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NONGRIAT, India - India was preparing on Thursday for the world's largest general election, as polling officers clambered up hills, travelled deep into areas riven by violent insurgencies and crossed rivers to reach millions of voters…

09

Google fires 28 staff who opposed Israeli contract

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SAN FRANCISCO — Google on Wednesday fired 28 workers after dozens of employees participated in sit-ins at the company's New York and Sunnyvale, California, offices to protest against the company’s cloud computing contract with the Israeli…

02

EV sales expected to miss target

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Electric vehicle sales in Thailand are expected to miss the estimate of 130,000 units this year as prices are likely to keep changing, attributed to a price war among Chinese EV makers, says Hyundai Mobility Thailand, a subsidiary of the…

Major creditors support Italian-Thai Development

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Major creditors have agreed to infuse fresh liquidity into cash-strapped Italian-Thai Development (ITD) Plc, to support the company's business operations without requiring a rehabilitation plan.

01

Thailand Post considers 'neutral' virtual banking agent role

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State-run logistics provider Thailand Post is considering expanding its scope by becoming a "neutral virtual banking agent", with the aim of complementing the operations of nascent virtual banks, says chief executive Dhanant Subhadrabandhu.

PTT touts hydrogen as fuel of the future

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While electric vehicles (EVs) gain in popularity as an option to replace oil-powered cars, hydrogen still holds promise as a future energy that may suit mobility technology and help reduce air pollutants, says national oil and gas…

Wednesday, Apr 17

08

Big EV battery cell plant likely in two years

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The Board of Investment (BoI) expects foreign investors to set up a big plant in Thailand to produce battery cells for electric vehicles (EVs) within two years, following its roadshow in China last week.

05

Kyndryl sees opportunities in IT services

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Digital transformation, the smart cloud, artificial intelligence (AI) and the modernisation of IT infrastructure are among the drivers of IT services growth in Thailand, according to Kyndryl, global tech infrastructure and managed service…

Oil prices dip as demand concerns outweigh Middle East supply fears

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TOKYO: Oil prices eased in early trade on Wednesday as worries about global demand due to weak economic momentum in China and fading hopes for U.S. interest rate cuts in the near term outweighed supply fears on heightened tensions in the…

03

Developers want foreign quotas to be hiked

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Foreign ownership quotas for condos should be increased in certain areas to stimulate the economy as increasing demand from foreign buyers last year is expected to continue this year.

02

Digital wallet 'super app' to link with bank apps

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The so-called super app earmarked for the 10,000-baht digital wallet scheme will work in sync with existing mobile applications for banks on users' phones, according to Deputy Finance Minister Julapun Amornvivat.

Amended draft for satellite orbital bids passes hearing

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An amended draft for the auction of the 50.5° East, 51° E and 142° E satellite orbital slots recently passed the last focus group hearing, according to the National Broadcasting and Telecommunications Commission (NBTC).

Property tax rejig to amplify revenue

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Amendment of the land and building tax law is meant to enhance both the efficiency of collection and levy an appropriate rate, while the criteria will have to be tightened to close tax loopholes, says finance permanent secretary Lavaron…

01

Markets join BMA's food waste reduction drive

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Nearly 200 fresh markets in Bangkok have joined a Bangkok Metropolitan Administration (BMA) campaign to separate food scraps from other waste, which helps reduce carbon emissions by about 142.5 tonnes per day.

Tuesday, Apr 16

11

Apple seeks bigger Vietnam supply chain

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HANOI - Apple Inc wants to increase its investment in Vietnam, state media quoted Tim Cook, the CEO of the iPhone maker, as saying in Hanoi on Tuesday.

10

Extreme heat shuts Philippine power plants

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A heat wave in the Philippines forced some power plants to shut down on Tuesday, placing the country at risk of blackouts and prompting the government to call on people to reduce consumption.