SET-listed companies' total sales and net profits for the first nine months of 2023 fell from the same period a year before, weighed by the Energy Utility and Petrochemicals Chemicals sectors. Stripping out these sectors, the overall operating resu
Mr.Kriengkrai Thiennukul, Chairman of the Federation of Thai Industries (FTI), revealed that Thailand Industry Sentiment Index (TISI) for May 2022 was 84.3, which decreased f
PTT Station has indicated that there will be no increase in oil prices for a total of ten days, from April 9 to April 18, 2022, and that they will reduce the price to reflect in
Sanctions on Russia have bumped up commodity prices and lowered risky asset prices. Crude oil prices in the global market which surpassed USD 100 per barrel have stoked concerns that the Federal Reserve could tighten monetary policy to curb the rising inflation. However, the inverted yield curve of the 2-y
The Russia-Ukraine conflict, the spike of global oil prices beyond 100 USD/barrel, the hike of the US policy rate by 25 basis points, accelerating inflation and the transition to the full-fledged digital economy - all of these are both opportunities and challenges which Thai
KASIKORNBANK (KBank) is collaborating with PTT Oil and Retail Business Public Company Limited (OR) in launching emergency relief measures for SMEs and retail clients reeling from the present surge in oil prices. Th
In October 2021, the International Monetary Fund (IMF) revised its forecast on the global economic growth in 2021 slightly downwards mainly on the new wave of the COVID-19, rising oil prices and supply chain problems which raised concern on rising inflation in many countries. These could prompt various c
KResearch raises 2021 Thai economic projection to 0.2 percent, with next year's growth forecast at 3.7 risks exist in surging oil prices and inflationKASIKORN RESEARCH CENTER (KResearch) holds the view that the Thai economy in 2021 may p
PTTEP reported net income of USD 598 million in the first half of 2021, primarily driven by increased sales volume and higher selling price as a result of global crude oil prices rally. The company announced interim dividen
PTTEP announced improved net profit of USD 376 million for the first quarter of 2021. The favorable growth was primarily attributed to higher selling price following the rise in global crude oil prices and the recognition of an extraordinary income from the inves
Bangkok-31 Jan-PTT In respond to Ministry of Energy and Ministry of Transport toward supporting the use of B20 in public transportations to help reducing small dust particles thus solving the problem of falling palm oil prices. BMTA urged to change all 2,075 buses to use B20 by 1 February 2019. PTT prepares to supply B20 at volume of 187,000 liters per day. Hino Isuzu is confidenc
Bangkok-25 Jun-Coface - A sense of dej-vu between the economic contexts of 2018 and of 2012-2013 - Italy, downgraded to A4, has been the focus of all attention - The rise in oil prices is benefiting the energy sector in several countries but, combined with capital outflows, is detrimental to the economies of Argentina, Turkey, Sri Lanka and India - Construction and retail are the
Bangkok-22 May-SET - Net profits worth THB 286 billion, up 15.15 pct q-o-q during Jan-Mar - Total sales up 5.61 pct to THB 2.83 trillion, pushed up by higher oil prices and uptrend economic growth Companies listed on The Stock Exchange of Thailand (SET) reported a net profit at THB 286 billion (approx. USD 8.94 billion) for the first quarter of 2018, a 0.3 percent rise from the same period last year (Q1/2017
Bangkok-24 Jul-Coface Weak energy prices and lower government spending across the GCC region put pressure on lending opportunities Despite current business conditions, GCC to register solid loan growth of 4.9% in 2017 Banks more selective in granting loans in 2017 and 2018 Alternative financing options due to tight market conditions Stagnation of oil prices: a
Bangkok-28 Apr-PTTEP Increased total revenue from average selling price that rose in line with global crude oil price recovery Continue to deliver strong cost performance with unit cost lowered to USD 27.54 per BOE Accelerating development projects to boost future sales volume Ready to bid for expiring concessions in the Gulf of Thailand, confident will be able to deliver gas supply cont
Bangkok-27 May-by i2C Communications KTIS Group is confident that its Q2 operating results will be aided by revenues from new power plants and by rising global sugar and crude oil prices. Mr.Nathapun Siriviriyakul, Deputy Chief Executive Officer, Kaset Thai International Sugar Corporation Public Company Limited (SET: KTIS), a leader in sugar and connected industries, revealed tha
Bangkok-8 Oct-Coface Thailand - Sharp decline in oil prices reveals the importance of economic diversification - Countries with fewer financial buffers, such as Bahrain and Oman, are experiencing problems related to low growth performance - Saudi Arabia and UAE are less impacted by declining oil prices as strategies underway to promote non-oil trade - Private consumption and the govern
Bangkok-24 Jun-Coface Thailand Although growth was accelerated by the high prices of commodities on which sub-Saharan Africa is highly dependent, the region must now deal with the effects of falling oil prices. The 45 countries screened by Coface are affected to different degrees. Three of these countries have all the ingredients needed for dynamic growth in the short and the lon
Bangkok-24 Jun-Coface Thailand Many countries are facing the full brunt of the decline in oil prices, especially emerging countries for which Coface has revised growth forecasts to 4% for 2015 (compared to 4.2% in March 2015). Meanwhile, developed economies (2% growth forecast for 2015 and 2016) are benefiting from the slight recovery tak
Bangkok-30 Apr-PTTEP - Posted unreviewed consolidated net profit of USD 264 million - Sales volume of 327,145 barrels of oil equivalent per day, an increase of 9.5% from the same period of last year - Continue SAVEto be SAFE program to tackle with unpredictable global oil prices Tevin Vongvanich, President and Chief Executive Officer, PTT Exploration and Production Public Company Limited (PTTEP), said that
Bangkok-26 Jan-AirAsia AirAsia will be abolishing fuel surcharge effective 26 January 2015 across all of its airlines in the group, as well as its low-cost long haul affiliates AirAsia X, Thai AirAsia X and Indonesia AirAsia X,in line with declining global oil prices. AirAsia was the first airline to abolish fuel surcharge for all its domestic and international flights back in 2008, however rocketing fuel
Bangkok-13 Jan-ESCAP Growth in Asia-Pacific developing economies willpick up moderately in 2015. Prospects for growth would be better ifsupported by much-needed structural reforms, and could also be boosted bylower oil prices that are an opportunity to mobilize resources forinclusive and sustainable development, the United Nations said here today. Developing countries in Asia and the Pacif
Bangkok-8 Dec-Coface Thailand North American chemicals, transport, textiles and clothing upgraded from medium risk to low risk In North America, sector risk has improved due to the positive economic outlook and the drop in oil prices For Coface, this year-end shows a clear improvement in the North American sector risk. After a short-lived downturn due to the poor climate condi
Bangkok-7 Sep-SET - Performance improved in Q2 year-on-year, despite rising oil prices - Return on equity (ROE) at 4.20 pct, up from 3.28 pct a year earlier - Profits down from Q1 hit by higher costs, signaling slowdown Financial status of Thai listed companies improved in April-June with a 38.65 percent growth of net profit from a year earlier despite higher fuel costs, reflecting to companies efficiency in
Bangkok-19 May-UN Top government officials from 60 Asia-Pacific countries meet today to discuss a social protection and economic growth blueprint for the region where high food and oil prices have pushed millions more into poverty. Although the dynamic Asia-Pacific developing economies are helpingstabilize global recovery from the financial crisis, new challenges threaten to slow
Bangkok-14 Mar-SET The Stock Exchange of Thailand (SET) Index closed February at 987.91 points, up 2.47% from the preceding month and a contradiction of the decline in regional markets. This increase was due to the return of foreign investors, who posted a net buy of THB8.43 billion (approx. USD278 million) and the increase in investment weight of energy stocks when oil prices soared rapidly. The in
Bangkok-19 Mar-Standard Poor's Standard Poor's Ratings Services assigned its 'AA ' long-term rating, and stable outlook, to Alaska's $165 million general obligation (GO) debt. The rating reflects our opinion of Alaska's strong financial management, with very significant financial reserves to weather the current downturn in oil prices, said Standard Poor's credit analyst David Hitchcock. We believe this
Bangkok-5 Nov-TRIS Rating TRIS Rating Co., Ltd. has assigned the company rating to The Bangchak Petroleum PLC (BCP) at BBB with stable outlook. The rating reflects BCPs satisfactory refinery operations, strengthened balance sheet, and greater integration and support from PTT PLC (PTT). The fluctuations in oil prices and gross refining margins, as well as declining demand for refined petroleum products are
Bangkok-4 Aug-Moody's Investors Service Moody's Investors Service says that the risks confronting India's economy have grown, but not yet to the extent that the government's Baa3 foreign currency and Ba2 local currency ratings are threatened. Higher oil prices and the lack of adequate fiscal policy reactions amidst high pent-up price pressures are putting the burden of macro-economic adjustment on the
Bangkok-24 Apr-UN 64th Commission Session Takes Place in Bangkok 24 -30 April With oil prices continue to break new records, government ministers and senior officials from the 62 members of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) will focus on energy security, and its impact on sustainable development, when they gather for the Commissions annual sess
