Thailand Energy & Resources

SET-listed Sri Trang Agro-Industry (STA)expects to see its revenue jump by 30-40% to B100b this year from business expansion and an increase in production capacity in all types of rubber products. Kitichai Sincharoenkul, an executive director of STA, the world's largest block rubber distributor, said the company was seeing solid demand in the market driven by strong economic growth in Asia and emerging economies.

Despite the govt's price controls, many people are having to pay more when there is a shortage of goods. The continuation of the government's price-freezing policy for more than a year has hit consumers hard, hiking the cost of living and resulting in shortages of essential goods.

Consumers will have to shoulder higher living costs as the government intends to allow manufacturers in a number of key...

BANPU reported to the SET that Banpu Minerals (Singapore) (BMS), its wholly-owned subsidiary, has formed a strategic partnership with Hunnu Coal (Hunnu) by acquiring 30mn shares in Hunnu through a private placement at A$1.5 per share or a total of A$45mn (Bt1.4bn).

Domestic oil product demand, excluding bitumen and liquefied petroleum gas, rose 3.7% year-on-year in January to 592,754 barrels per day, reflecting expanded business activity and industrial use of energy.

Banpu Plc, Asean's largest coal miner, expects its average coal selling prices to reach US$90 per tonne this year with total sales volume of around 45m tonnes, says chief executive Chanin Vongkusolkit.

PTTEP share prices declined sharply by Bt4.50 yesterday to close at Bt176 a share.

Indorama Ventures aims to boost production capacity to 10m tons in 2014

IVL Closes Deals with INVISTA and SK Chemicals Assets in USA, Mexico, Indonesia and Poland to create global Polyester Value Chain powerhouse

Thailand's economy should continue its growth in the first quarter, but high oil prices will soften domestic demand, says the Fiscal...