BANGKOK (NNT) – The energy crisis is causing a widespread impact on both the household and industrial sectors. The Minister of Energy has urged businesses to adjust their operations in keeping with the current situation. At the Energy Symposium 2022 held by the Federation of Thai Industries (FTI), Minister of Energy Supattanapong Punmeechaow delivered a […]
Thailand’s economy will be affected by global economic turbulence, which may for last two years, during which growth in Thai exports will contract while domestic inflation will increase, said Kobsak Pootrakool, former Prime Minister’s Office Minister and, currently, senior executive vice president of the Bangkok Bank, yesterday (Saturday). Speaking about “Economic Turbulence 2022 and How […]
BANGKOK (NNT) – Kobsak Pootrakool, a former Minister Attached to the Prime Minister’s Office, has suggested that the global economic situation will likely continue to face multiple risks. He said these included rising inflation, the armed conflict between Russia and Ukraine, and the property crisis in China. The former minister also said a global economic […]
BANGKOK, Feb 24 (TNA) – The conflict between Russia and Ukraine would not have any impact on the country’s import of oil and liquefied natural gas (LNG) but might affect local energy prices, according to the Energy Ministry. Kulit Sombatsiri, permanent secretary for energy, said Thailand imported only 5.22 million liters of crude oil a […]
Government critics and opposition politicians are campaigning for people impacted by COVID-19 and the associated restrictions to sue the state for compensation over the damage caused. They say the government, particularly Prime Minister Prayut Chan-o-cha, should be held responsible for the worsening epidemic and Thailand’s shortage of “quality” vaccines for mass inoculation. Prayut and his […]
Thai Airways International (THAI)’s restructuring plan was approved by creditors yesterday (Wednesday), holding 91.56% of the carrier’s combined debts. The airline’s creditors, who met via video conference, after the postponement of the meeting on May 12th, also approved the appointment of five administrators, former THAI President Piyasvasti Amranand, Acting THAI President Chansin Treenuchagron, Pornchai Thiravet […]
249 youth organizations with 1.7 million members from 65 countries joined in joint statement advocating peaceful solutions to the human rights crisis in Myanmar. Through this “Joint Statement of World’s Civil Society and Youth on Myanmar’s Human Rights Crisis,” youth organizations take into account international cooperation to increase the collective voice for seeking solutions through […]
Thai Airways International president Sumeth Damronchaitham has admitted, for the first time, that the national flag carrier is in deep financial crisis, to the extent that it may have to fold unless all staff members unite to work harder. He also said that there may still be time, albeit not much, to save the company […]
