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.
Martin Brundle has called on the FIA to address what he describes as a “fundamentally flawed” power delivery system, following Ollie Bearman’s high-speed crash at the Japanese Grand Prix. Bearman took avoiding action during the race at the Suzuka circuit when he quickly came up behind Alpine’s Franco Colapinto, who was harvesting energy at the time….
The construction and property sectors are being forced to adjust strategies and build greater resilience to cope with volatile energy prices, as the Middle East conflict drives up both energy and construction material costs, according to Siam Commercial Bank Economic Intelligence Center (EIC).
Thailand faces a heightened risk of stagflation as elevated oil prices nudge up inflation, with the new government unlikely to launch large stimulus measures to prop up the subdued economy given high public debt levels, warn analysts.
Former Formula 1 driver Daniel Ricciardo has shed light on the highs and lows of the championship, explaining that there “are a lot of days that hurt”.The former Red Bull driver retired from F1 after the 2024 Singapore Grand Prix when he was let go by Racing Bulls. Over 14 seasons, the Australian driver secured…