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Energy
PTT, Bangchak to replace biodiesel B2 with B3 tomorrow, cut price by 30 satang/liter
By k on May 31, 2010
BANGKOK, 31 May 2010 (NNT) – PTT and Bangchak Petroleum are set to replace biodiesel B2 with B3 while lowering its price by 30 satang per liter, effective tomorrow. From tomorrow onwards, PTT and Bangchak Petroleum will begin distributing biodiesel B3 to motorists in place of biodiesel B2 in compliance with the government’s policy to [...]
Solar energy adopted in Sci & Tec villages
By k on May 24, 2010
BANGKOK, 24 May 2010 (NNT) – The National Science and Technology Development Agency (NSTDA) join hands with the Department of Science Service (DSS) to develop solar energy for the use in the science and technology village in Ang Thong Province as the first such a village in the country. NSTDA Director Assistant Prof Sakkarin Phumirattana [...]
Fuel trucks allowed into Bangkok
By k on May 23, 2010
BANGKOK, 23 May 2010 (NNT) – Energy Minister MD Wannarat Channukul has allowed oil and gas trucks to enter the capital city once again after the recent domestic political riot. The minister explained that petrol and gas trucks could resume delivering fuel to petrol stations in Bangkok because the situation has improved; however, transportation of [...]
Oil prices down 50 Satang/liter, citizens hoarding fuel in face of curfew
By k on May 21, 2010
BANGKOK, 21 May 2010 (NNT) – PTT Plc and Bangchak Petroleum Plc will reduce retail oil prices by 50 Satang per liter across the board, except E85, from 21 May at 05.00 hrs onwards. Retail oil prices in Bangkok and vicinities will be as follows: Benzene 91 will be sold at 35.54 THB per liter. [...]
Oil contamination problem to be dealt with strictly
By k on May 21, 2010
The Ministry of Energy will set a new law to regulate the import procedures of methanol as there are many unethical oil traders trying to mix the mentioned solution with oil in order to gain price advantages for commercial purpose. The rise in oil prices has caused the problem of oil contamination nationwide as illegal [...]
PTT to reduce retail oil prices tomorrow
By k on May 18, 2010
BANGKOK, 18 May 2010 (NNT) – PTT Plc will reduce retail prices for all types of oil by 40 satang per liter, effective from 19 May 2010 at 5.00 hrs onwards. PTT has announced to adjust down the oil prices for the third time in two weeks as the global oil prices remain stable. Retail [...]
PTT asking EPPO to amend LNG purchase agreement made with Qatar
By k on May 15, 2010
BANGKOK, 15 May 2010 (NNT) – PTT is preparing to propose to the Energy Policy and Planning Office of Thailand (EPPO) to amend the conditions in liquefied natural gas (LNG) purchase contract in spot purchase instead of long term agreement since the cost of spot buying is lower than long term contract by 20%. PTT [...]
Energy Ministry prohibits oil and gas transportation in 10 districts of Bangkok
By k on May 14, 2010
BANGKOK, 14 May 2010 (NNT) – The Energy Minitry instructed oil and natural gas transportation to avoid 10 districts of Bangkok for safety, while the Electricity Generating Authority of Thailand (EGAT) pleads protestors not to damage public facilities. Deputy Director-General of the Department of Energy Business (DOEB), Ong-art Promjanyakul stated that the DOEB had exercised [...]
Benzene consumption rises by 2% in April 2010
By k on May 12, 2010
BANGKOK, 12 May 2010 (NNT) – Thailand’s petrol consumption in the benzene category for April 2010 has increased by 2% month-on-month, according to the Department of Energy Business (DOEB), under the supervision of the Ministry of Energy. DOEB Director-General Peerapol Sakarin reported that benzene consumption last month rose about 20.4 million liters a day when [...]
PTT and BCP to reduce benzene oli price by tomorrow
By k on May 9, 2010
BANGKOK, 09 May 2010 (NNT) – PTT and Bangchak Petroleum (BCP) announce to reduce retail prices of benzene 91, gasohol 91/95 and E20 by 0.80 THB each, while the price of E85 and diesel oil remain the same. Price reduction will be effective from 05.00 hrs of 10 May 2010. According to PTT’s and BCP’s [...]
Business News »
Loan clients urged to be well-prepared for higher finance costs
July 16, 2010
BANGKOK, July 16 – Loan customers, particularly small- and medium-size enterprises (SMEs), must have well-prepared business plans to cope with higher financial costs in the face of an upward interest trend, according to the Kasikorn Research Center (KRC), a leading Thai financial think tank. Kasikorn said that major domestic commercial banks had begun raising the [...]
Bank And Finance »
Commercial banks announce hikes in interest rates on fixed deposits
July 16, 2010
BANGKOK, 16 July 2010 (NNT) —Interest rates on fixed deposits and lending rates have been hiked by financial institutions following the hike in the policy rate by the Central Bank. Krungthai Bank has announced its fixed deposit interest rate hike of 0.25-0.35%, while key lending rates would be increased by 0.125-0.15%, effective today. Siam Commercial [...]
General News »
Summary of the 9th APEC Energy Meeting
July 12, 2010
Thai delegates led by Minister of National Resources and Environment, Suwit Khunkitti, along with international counterparts from 20 countries attended the 9th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting in Fukui, Japan on 19 June 2010. During the summit, a speech on the “Low Carbon Paths to Energy Security: Cooperative Energy Solutions for a Sustainable [...]
Economy »
4 Govt agencies cooperate to promote Thai investment abroad
July 12, 2010
BANGKOK, 12 July 2010 (NNT) – The Office of Thailand Trade Representative (TTR) joins force with three financial institutions to promote Thai investments abroad, with operators in various business groups showing keen interest in the project. TTR along with SME Bank, EXIM Bank and the Government Pension Fund (GPF) announced their cooperation in credit support [...]
Energy »
Moody´s chops down PTT´s credit
June 29, 2010
BANGKOK, 29 June 2010 (NNT) – An international credit rating firm, Moody’s Investors Service, has lowered the creditworthiness of Thai petroleum giant PTT Plc from A2 to A3 with a negative outlook. Moody’s Investors Service has changed the local currency issuer rating for PTT Plc from A2 stable to A3 negative while the foreign currency [...]
Politics »
One month needed for Interpol consideration over Thaksin´s case
July 16, 2010
BANGKOK, 16 July 2010 (NNT) – A nod from the Paris-based international police intelligence-sharing association, Interpol, over case of self-exiled ex Prime Minister Thaksin Shinawatra should be known within one month. Police Maj-General Terdsak Rujirawong, Commander of the Royal Thai Police Foreign Affairs Division, said on Friday that an arrest warrant on terrorism charge issued [...]