Govt caps diesel at B30/litre: The Energy Policy Administration Committee (Epac) has approved a cap on diesel prices of 30 baht per litre starting from next Monday until the end of the month to help reduce living costs for consumers, Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow said yesterday. Bangkok Post
PM outlines vision for ‘Phuket transformation’: The government is gearing up to promote Phuket as a world-class destination, hoping to lure one million foreign visitors over the next six months and generating at least 60 billion baht in revenue. Bangkok Post
Local bond market still turbulent: Thai bond yields have been volatile as a higher local debt ceiling and potential US default roiled investors. Higher public debt ceiling raises yields. The news caused outflows from Thai long-term bonds as foreign investors tried to reduce their risk and channel funds back to the dollar index. ARIYA TIRANAPRAKIT Deputy managing director, Thai Bond Market Association Bangkok Post
Shippers keep exports growth outlook at 12% this year, after shipments rose for the 6th month in a row in August.
PM thanks PPRP for poll nomination: Coalition ‘a working unit’ despite claims of party rifts. Prime Minister Prayut Chan-o-cha has welcomed the move by the ruling Palang Pracharath Party (PPRP) to nominate him as its prime ministerial candidate in the next election, government spokesman Thanakorn Wangboonkongchana said yesterday. Bangkok Post
S&P keeps Thailand’s BBB+ rating: The government has welcomed the decision by Standard & Poor (S&P) Global Ratings to maintain Thailand’s sovereign credit rating at BBB+ and rate the kingdom’s economy as having a stable outlook. Bangkok Post
Hoteliers keep domestic focus for Q4: Operators still hopeful capital can open to foreign arrivals soon. As Thailand remains on course to reopen more areas to vaccinated tourists, aiming to stimulate the national economy during the traditional high season, hoteliers are pinning their hopes on the restart of tourism, particularly in Bangkok. Bangkok Post
Thai AirAsia expects full domestic rebound in Q4: Minister of Tourism and Sports Phiphat Ratchakitprakarn, centre, along with high-ranking officials and crew of AirAsia, attend the firm’s press conference yesterday in Chiang Mai, to build confidence and stimulate domestic tourism until year-end. Thai AirAsia (TAA) is eyeing a full rebound of domestic capacity in the fourth quarter after seeing early signs of improvement. Bangkok Post
Cabinet signed off EEC area expansion to 9,088 acres from current 6,334, ROJNA & WHA are expected to be major beneficiary from IE land bank saturated in Chonburi & Rayoung, tabloid.
Talks on continuation of reduced property fees: The Finance Ministry is in talks with the Interior Ministry about the possibility of renewing the reductions in the property transfer and mortgage fees for at least another year, said the ministry’s permanent secretary Krisada Chinavicharana. Bangkok Post