Bangkok: The Cabinet has approved the transfer of 40% of the rights and obligations of MP G2 Co., Ltd. to PTT Exploration and Production Public Company Limited (PTTEP) for an exploration block in the Gulf of Thailand. This decision involves the production sharing contract for exploration block G1/61, which holds significant potential for petroleum development. According to Thai News Agency,

Bangkok: The Cabinet has introduced tax measures aimed at bolstering the purchase of art and supporting art creators, in a bid to promote Thailand’s soft power in the arts. Mr. Chulaphan Amornvivat, Deputy Minister of Finance, announced the new tax policies designed to align with the government’s strategy to enhance the country’s cultural influence. According to Thai News Agency, the

Bangkok: The Cabinet has approved the establishment of the National Credit Guarantee Agency (NaCGA), which is set to merge with the SME Bank within one year. Deputy Finance Minister Paopum Rojanasakul announced that the Cabinet has green-lighted the draft National Credit Guarantee Agency Act, aimed at supporting SMEs and small entrepreneurs in accessing capital. The draft will now proceed to

Bangkok: The Cabinet has approved a series of measures aimed at stabilizing paddy rice prices for the 2025/26 production year, allocating a budget of 61.697 billion baht. This decision was announced by Deputy Government Spokesperson Anukul Prueksanusak and is part of a proposal from the Ministry of Commerce (MOC). According to Thai News Agency, the primary component of the plan

Bangkok: The Oil Crops Board (OIC) has given the green light for the import of soybeans and coconuts as a strategy to maintain a balanced domestic production. Mr. Chatuporn Buruspat, the Minister of Commerce, was tasked by Deputy Prime Minister Mr. Pichai Chunhavajira to lead the 1/2025 meeting of the Oil Plants and Vegetable Oil Committee, held at the Kitiyakara

Bangkok: The Department of Internal Trade (DIT) has launched a new initiative aimed at promoting the consumption of Thai beef through the “First Love, Thai Beef Flavor” campaign. This campaign seeks to highlight the superior quality of Thai beef, showcasing its tender texture and delicious taste to rival imported beef, with the ultimate goal of rebranding the product and boosting

Bangkok: Thailand’s top-quality intellectual property products, including artificial bones and surgical equipment, are playing a crucial role in aiding injured frontline soldiers during the Thai-Cambodian border conflict. This initiative is not only boosting exports but also generating long-term income for Thailand. According to Thai News Agency, Mr. Chatuporn Buruspat, Minister of Commerce, announced that the Department of Intellectual Property, in

Bangkok: BAFS announced its second-quarter operating results with a net profit of 56 million baht, admitting that jet fuel sales missed targets significantly due to a slowdown in Chinese flights, but showing hope after Indian flights recovered. M.L. Nattasit Diskul, President of Bangkok Aviation Fuel Services Public Company Limited (BAFS), revealed that the recent recovery in the tourism sector is