Thai firms expanding presence in Vietnam despite COVID-19
Hanoi (VNA) – Vietnam has remained an attractive destination for Thai enterprises to expand their business despite the COVID-19 pandemic ravaging the region. Thailand’s Delta Electronics PCL, a global producer of power and thermal management products and solutions, earlier this month announced it will establish a new subsidiary in Vietnam in the second or third quarter of this year.
Ministry keen to build LNG stockpile while prices low
The Energy Ministry has thrown full support behind a plan by state-owned energy firms to import additional liquefied natural gas (LNG) from spot markets, where LNG has hit record low prices, in order to lower energy costs. The move aims to help businesses and homeowners struggling from the lockdown, and save the government money as it […]
Thai refinery IRPC delays $1 bln chemical project amid coronavirus outbreak
BANGKOK, April 28 (Reuters) – Thai oil refiner and petrochemical producer IRPC Pcl has delayed a 32.4 billion baht ($1 billion) petrochemical investment and cut run rates by 20% as demand for petroleum and petrochemical products falls amid the coronavirus outbreak, the company’s president said on Tuesday.
Thailand energy commission considering cutting electricity charges to help businesses
As a measure to help hasten business sector recovery, the Energy Regulatory Commission earlier initiated a cut to electricity charges for large and medium-sized enterprises for three months. However, the COVID-19 outbreak situation has not improved and the Energy Regulatory Commission will now consider extending the measure until the end of 2020 to lessen the […]
Cabinet gives nod to slash power bills
The cabinet has agreed with the Energy Ministry’s decision to temporarily waive or lower electricity bills for households to help cut people’s expenses during the coronavirus pandemic.
No negative oil prices in Thailand
Oil prices in Thailand are unlikely to fall below zero in line with what happened in the US on Monday for the first time in history, as other index prices around the world remain intact.
Power bill cut for 22m houses
The cabinet has formally approved energy authorities’ decision to either waive or cut electricity charges for 22 million households where people are working at home because of the coronavirus disease.
Covid 19 electricity price reductions overshadowed by reports of skyrocketing energy bills nationwide
Hard-pressed households looking forward to electricity price reductions instead this week were confronted with startling increases in bills well beyond the seasonal rise in demand or even what might be expected from the Covid 19 emergency lockdown. Minister of Energy Sontirat Sonthichirawong is treating the reports seriously and is investigating. It comes as the Thai […]
