Government Relations
Oil Market Outlook
Crude prices remained at 30-month highs last week as supply worries persisted amid turmoil in Libya and the Middle East. Concerns over softer demand, triggered by interest rate hikes in China and Europe and a major aftershock in Japan, capped a further rally. ICE Brent gained $7.95 from the previous week to settle at $126.65 a barrel. West Texas Intermediate (WTI) rose $4.85 to $112.79.
European SMEs especially keen on Asean presence and role in global supply chain.
PHNOM PENH : The European Union, despite the ongoing economic woes of some of its members, is keen to increase its trade and investment into the smaller countries of Asean as it says there is a greater potential for growth in this part of the world.
BOI approves measure to relieve impact from strong bath
Thailand Board of Investment (BOI) has offered new measures to help allevaite the impact from strong bath
Business as usual in border areas
Amid rising concerns over the recent border clashes between Thailand and Cambodia, Thai businesses insist it is business as usual because they are confident the clashes will remain contained.
EU urges Thailand to speed up FTA
The EU is calling on the Thai government to speed up opening free trade negotiations with it, saying otherwise the country could lag behind its neighbours about to gain more benefits from the grouping’s new trade policy.
Panel delays wage increase
The Central Wage Committee has postponed a decision on a proposed hike to the minimum wage pending another study to arrive atan ”appropriate” figure.
PM: Yuan should replace dollar
Prime Minister Abhisit Vejjajiva said on Friday he has proposed the use of China’s yuan currency instead of the US dollar as the standard in Asia to the Asian Development Bank (ADB).