Star Petroleum Refining Plc, a leading name in the petroleum industry, has made a daring projection about the future of global oil prices. Despite the world’s hearty appetite for energy continuing unabated, the refining company envisages a decline in oil prices by the end of this year. The main disruptor? A looming oversupply from chief oil manufacturers, says Sakchai Thamsuruk, the company’s esteemed manager of supply and planning. The global oil ecosystem has its eyes trained on Saudi Arabia and Russia, two dominant players in the oil scene. These countries are rumored to be thinking about reducing their daily crude oil output by 1.3 million barrels. A decision not to cut supply would flood the market with more oil than it can consume. Though winter’s arrival usually accelerates oil consumption for heating, Thamsuruk opines that 2022 might present an anomaly, with supply overtaking demand. Meanwhile, mounting geopolitical tensions in the…
Posts published in “Thailand”
The local fishing community of Phetchaburi is in for a thrilling adventure, as the inland fisheries prevention and suppression unit of the Fishery Department announces the start of the highly anticipated fishing season. With, not one, not two, but 60 giant Mekong catfish swimming around in the depths of the Kaeng Krachan Dam, perhaps, this could be the most engaging fishing expedition yet. Marking the start of the season on the 9th of November, avid fishermen and fishing enthusiasts alike are invited to cast their nets in the hunt for these whopping underwater creatures, the search lasting till the 9th of January. This is, however, nothing short of a regulated sporting event – those seeking to partake must adhere to strict rules. A fishing net of at least 50 centimeters in mesh size is necessary, ensuring the sustainability and safety of underwater life. Moreover, a registration fee of 1,000 Baht…
PTT Plc has expressed its unshakeable confidence that the Laem Chabang deep-sea port, situated in Chon Buri, will soon be hailed as the reference point for environmentally-friendly, or “green,” ports across the nation. This information was shared by Noppadon Pinsupa, the Chief Operating Officer of PTT’s eminent Downstream Petroleum Business Group. He iterated that GPC International Terminal, the noteworthy winner of the bidding war for the third phase of the port’s expansive development, is eagerly predicting to accept ownership of the area intended for major developmental projects from the government-run Port Authority of Thailand (PAT), come 2025. At present, PAT is avidly engrossed in implementing a land reclamation process, which is essential for laying the foundation for the deep-sea port’s anticipated construction. It is important to emphasize that PTT isn’t stepping into these uncharted waters alone. PTT Tank Terminal Co, a subsidiary of PTT, has joined forces with the industrious…
The contentious proposition from the Move Forward Party to dissolve the Internal Security Operations Command (Isoc) has ignited public discussion, shedding light on the enigmatic institution’s expansive duties. Some pundits are even conjuring images of security “superpowers”. The journey of Isoc has been both extensive and transformative, leading to its current incarnation, recognisable to the general public. Detractors of the organization liken it to a “state within a state”. Its roots can be traced back to the 2006 coup d’état headed by former military commander Gen Sonthi Boonyaratkalin, which resulted in the overthrow of the Thaksin dictatorship. In response to the political upheaval, the temporary Surayud government introduced an internal security law in 2008, which effectively breathed new life into Isoc, subsequently catapulting it to become a far-reaching and formidable force. During the Thaksin administration, Isoc’s influence was significantly diminished with other authorities such as the Southern Border Provinces Administration…
The Ministry of Public Health is contemplating an innovative approach which calls for nightspots interested in extending their business hours to administer alcohol breathalyzer tests to their clientele. The motive behind this, is to ensure the patrons don’t wander off inebriated and end up jeopardizing their safety, or potentially needing transportation services. This fresh initiative is a brainchild of a dedicated working committee set up to harmonize the government’s economic strategy, which is aiding and endorsing extended operating hours of local pubs and bars, with the concurrent objective of ensuring public health and safety. In the words of the Public Health Minister, Cholnan Srikaew, the key target is to strike a harmonious equilibrium. They yearned for an inventive solution that involved nightspots taking a proactive role in ensuring the safety of their patrons before they embark on their journey home. Such measures have seen the light of day in some…
Monday dawned mournfully as bereaved individuals laid wreaths and showers of flowers in front of the bank, situated on the bustling Sunthorn Kosa Road in the vibrant Klong Toey district. This impromptu memorial paid homage to a devoted teacher from the respected Sacred Heart Convent School who was tragically caught in the crossfire during a clash of rival student gangs on the ominous day of Saturday. The recent unrest of gun-related fatalities in Bangkok has prompted Interior minister Anutin Charnvirakul to contemplate the dire consequences of allowing civilians to carry guns in public. In the wakes of three heart-breaking shootings, his words echo concern for public safety. On Monday, the minister, who also dons the hat of a deputy prime minister, expressed this growing worry during a visit to the Ministry of Higher Education, Science, Research, and Innovation. To address this crisis, Minister Anutin has reached out to the Department…
As the hazy veil descended upon Nonthaburi and the residue from a farmer’s burnt-out pile of straw waste mudded the air, a pressing issue was thrust back into the spotlight. Thailand’s reality echoes loudly in this April photograph captured by Pattarapong Chatpattarasill— the struggle for clean air in a country known for its luscious green rice fields and sparkling blue waters. The Thailand Clean Air Network (TCAN) and State Enterprise Workers Relations Confederation are drawing attention to this weighty subject, prodding the Prime Minister, Srettha Thaivisin, to throw his weight behind a ‘clean air bill’ they had previously presented. This pressing plea made its way to the government complaints centre in the bustling city of Bangkok, carried by a group of twenty earnest representatives. Their letter, detailed and impassionate, beseeched the premier for quick approval of their proposed comprehensive management of clean air legislation. The communiqué was delivered to Pansak…
Bangkok: A visit to Pracharat Bamphen Road in the Huai Khwang district, one can’t help but notice the Chinese language signs decorating the commercial buildings alongside the road. As a travel destination of choice for many Chinese tourists, Thailand has a strong Chinese influence permeating its cities. A recent topic of debate among authorities seems to be a proposal to deploy Chinese police officers in the country. However, this idea has now been officially debunked by National Police Chief, Pol Gen Torsak Sukwimol. Earlier, there were flavored conjectures hinting at plans to invite Chinese police officers to patrol popular tourist attractions, with the aim of instilling confidence and safety among Chinese tourists, who contribute significantly to Thailand’s tourism-driven revenue. The Thai top cop refuted these claims on Monday insisting that this move would compromise the original concept of sovereignty. “There is a misunderstanding,” states Pol Gen Torsak. “I want to…
In the picturesque landscapes of Thailand, there’s a daily cavalcade of tourists, primarily from China. The Governor of the Tourism Authority of Thailand (TAT), Thapanee Kiatphaibool, disclosed recently that the daily figures of incoming Chinese tourists have been averaging around 8,000 to 10,000, notwithstanding the government’s initiative to waive visas for Chinese passport holders from September 25 to February 29, 2024. This visa exemption period, however, doesn’t seem to have resulted in any drastic increase in Chinese tourist influx. After China’s Golden Week holiday, which commences on October 1, the flow of Chinese visitors to Thailand remained largely unchanged, oscillating slightly above or under the 10,000 mark. Compare these numbers to the daily tourist influx from Malaysia, and the figures look almost identical. Given this observation, Kiatphaibool announced that TAT intends to keep a close watch on the situation through the end of the year, exploring the potential for concerted…
According to Nirut Maneephan, the governor of the State Railway of Thailand (SRT), the nation is poised to present what could arguably be the most enchanting railway journey across Thailand. Brace yourself for a thrilling ride that will take you through the heart of the country and reveal its unsung charm. This captivating 323-kilometre-long rail route is expected to navigate through four charming northern provinces – Phrae, Lampang, Phayao and Chiang Rai. Along the way, 26 stations will dot this exciting trail, making it a vibrant, ever-changing canvas of Thai culture and heritage. The governor shared that the people of Chiang Rai, a city known for its unique blend of contemporary art and ancient temples, have been eagerly anticipating a railway connection for more than six decades now. This announcement, therefore, brings a wave of joy and excitement to their waiting hearts. The new railway line is a grand investment…