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The Office of the Cane and Sugar Board (OCSB) expects purchases of sugar cane leaves to more than double this year as Thailand reduces its reliance on liquefied natural gas imports, shipments of which have been disrupted by war in the Middle East.
House Speaker Sophon Zaram expressed confidence that Thursday’s parliamentary vote to select a new prime minister will proceed smoothly, in line with regulations and fairness.
The pump price of diesel, previously capped at 30 baht a litre, will increase by 50 satang on Wednesday, and will continue to rise gradually to 33 baht to reduce the burden of subsidies, authorities said on Tuesday.
A former Thai national team e-sports player and a gamer who conspired to cheat during the SEA Games in Thailand last year were both sentenced to three-months detention by the Pathumwan Kwaeng Court on Tuesday, avoiding a prison term.
The AFC overturned two of Malaysia’s wins, leaving them six points off the top of their Asian Cup qualifying group and out of contention for the tournament.
Thailand is looking to export food and raw materials to Iran and other Middle East countries in exchange for its ships being allowed to safely bring back cargoes of plastic pellets and fertiliser from the conflict region, according to the commerce minister.
While rising fuel cost is inevitable, Thai Airways International (THAI) is on course to gain from airspace closures across several countries in the Middle East amid tensions in the Gulf region, where the flag carrier has no direct exposure, analysts say.
Thailand is set to receive a new shipment of liquefied natural gas (LNG) from overseas, ensuring adequate fuel for power generation as electricity demand surges during the hot season, according to an energy official who requested anonymity.
Gold prices could slide below US$5,000 an ounce if rising energy prices and mounting inflation concerns stemming from war in the Middle East prompts the Federal Reserve’s meeting this week to signal fewer or no interest rate cuts this year, traders say.
