The Lao government is so desperate for cash that it is offering about U.S. $340 million in bonds with a six-month interest rate of 20 percent, terms that sources told RFA sounded too good to be true.The Lao economy is struggling with rampant inflation,…
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Bitcoin stems heavy losses but pessimism reigns in crypto markets
LONDON (Reuters) – Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network’s freezing of withdrawals and the prospect of sharp U.S. interest rate rises shook the volatile asset class.Bitcoin clawed i…
Read MoreDiesel up by another ?1 per litre, to ceiling of ?35, effective June 14
Thailand’s Fuel Fund Executive Committee decided today (Monday) to increase the diesel price by another one baht per litre, to 34.94 baht, effective tomorrow, the fourth rise since May 1st and almost reaching the ceiling price set at 35 baht/litre.Dire…
Read MoreDurian is Thailand’s top export earner, outranking rice and rubber
Thai durian has outranked rice and para rubber as Thailand’s top export performer, with export volume last year estimated at about 187 billion baht, compared to 100 billion baht for rice exports and 90 billion baht for rubber, according to the Centre f…
Read MoreWhy India Holds the Key to Global Rice Market Outlook
India’s surprise decision to ban wheat exports has raised concerns about potential curbs on rice exports as well, prompting rice traders to step up purchases and place atypical orders for longer-dated deliveries.Government and trade officials have said…
Read MoreThailand’s diesel price to rise by another baht per litre from Tuesday
The Fuel Fund Executive Board decided to increase the price of diesel fuel by another baht today (Monday), to 33.94 baht per litre, effective tomorrow, following a spike in global prices, due to worries of disruption in supplies from Russia and ease of…
Read MoreAtmospheric CO2 more than 50 percent higher than pre-industrial era
Concentrations of carbon dioxide in the atmosphere in May were 50 percent higher than during the pre-industrial era, reaching levels not seen on Earth for about four million years, the main US climate agency said on Friday.Global warming caused by huma…
Read MoreSlim prospects for consumer goods price drop for several months
The prices of many consumer products have been increasing, as the Thai Retailer Association warns that there is little prospect that they will come down in the next few months.Meanwhile, Commerce Minister Jurin Laksanawisit told the Lower House, during…
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