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ptt
Moody´s chops down PTT´s credit
By k on 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 [...]
PTT, PEA collaborate to develop wind-powered electricity
By k on June 12, 2010
BANGKOK, 12 June 2010 (NNT) – Thailand’s petroleum giant, PTT Plc, is joining hands with the Provincial Electricity Authority (PEA) in developing the wind farm project for generating wind-powered electricity and reducing oil consumption. Chief Executive Officer and President of PTT Prasert Bunsumpun revealed that the company had agreed with the PEA to build wind [...]
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 [...]
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 [...]
PTT ready to replace biodiesel B2 with B3 by June
By k on May 7, 2010
BANGKOK, 7 May 2010 (NNT) – Thai national energy company PTT Plc is ready to replace biodiesel B2 with B3 within June, hoping to help reduce diesel imports by 11 billion THB. Mr Prajya Phinyawat, Chief Operating Officer of PTT’s Downstream Petroleum Business Group, stated that the replacement should help strengthen the stability of the [...]
PTT, Bangchak to reduce gasohol prices by 40 Satang tomorrow
By k on April 21, 2010
BANGKOK, 21 April 2010 (NNT) – Domestic oil retailers will reduce oil prices by 40 Satang per liter for Gasohol 91, 95 and E20, and 20 Satang a liter for benzene 91 from 22 April 2010 at 5.00 hrs onwards. The oil prices have been adjusted in line with the reduction of crude price in [...]
PTT to begin phasing out benzene gas
By k on March 26, 2010
BANGKOK, 26 March 2010 (NNT) – Thai petrol giant PTT Public Co. Ltd. is planning to phase out benzene 91 and 95 within the next few years. PTT President Prasert Bunsumpun stated that the company will gradually replace benzene 91 and 91 with gasohol over the coming years but noted no exact time frame for [...]
PTTEP’s project in Indonesia scrapped
By k on March 22, 2010
BANGKOK, 22 March 2010 (NNT) – PTT Exploration and Production Plc (PTTEP) has scrapped a joint venture project in Indonesia — Bengara-1. PTTEP has recently announced that its subsidiary PTTEP Bengara Company Limited has terminated the Bengara-1 project in which PTTEP holds 40% investment. The decision will take effect as soon as the firms’ request [...]
Diesel oil price hiked by 50 satang from today
By k on February 20, 2010
BANGKOK, 20 February 2010 (NNT) – The Petroleum Authority of Thailand (PTT) and Bangchak Petroleum Public Company have raised the retail price of diesel oil by 50 satang a liter, starting from today at 05.00 hrs. Benzene oil remained at the same price. Oil retail prices of PTT in Bangkok and its perimeter today will [...]
PTT will not pose price hikes on lubricant oil
By k on February 19, 2010
BANGKOK, 19 February 2010 (NNT) – The Petroleum Authority of Thailand (PTT) will not propose a price increase in lubricants if the price of crude oil does not exceed 80 USD/barrel, according to the Manager of the Lubricant Division of PTT, Ratdej Kemthong. Mr Ratdej said from the prospects of economic recovery, the sales of [...]
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 [...]