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Stocks under pressure as energy crisis bites

Thailand’s equity market is expected to come under pressure as surging diesel prices raise concerns over economic growth and corporate earnings, although easing geopolitical tensions may help cushion downside risks, analysts say.

Diesel refining margin cut to drop price by 2.14 baht

Energy Minister Akanat Promphan, in his capacity as chairman of the Energy Policy Administration Committee (Epac), has ordered a reduction in diesel refining margins aimed at lowering retail fuel prices by about 2.14 baht per litre, with the measure expected to take effect on Thursday.

Ostrich paces the traffic on Highway 36

CHON BURI – An ostrich was seen running free on the Pattaya–Rayong highway on Tuesday,  covering 10 kilometres before it was safely recaptured and returned to the cafe where it is a star attraction. 

Call for jet fuel tax break as costs soar

Bangkok Aviation Fuel Services Plc (BAFS), Thailand’s sole jet refuelling provider, has called on the government to exempt jet fuel from the excise tax of 4.72 baht per litre, warning the levy undermines the country’s aviation competitiveness.