BANGKOK (NNT) – The current discount campaigns on LPG and NGV will be extended by 1-3 months, according to the latest resolution from the Committee on Energy Policy Administration (CEPA).

The discount campaign on household LPG gas will be extended until September this year, from the initial campaign expiry this month. The campaign offers 45 baht discount per 15-kilogram LPG cylinder for households, making the retail price now 318 baht. Holders of the government’s welfare card will also receive 100 baht per person per month discount.

The discount for NGV gas for taxis, vans, and buses is now extended until the end of July, reducing the retail price of NGV at service stations from 13.62 baht per kilogram to 10.62 baht per kilogram.

These discounts have been extended to help aid the economy which has been affected by COVID-19 restriction measures, even after the reopening of many businesses in Phase 4 of restrictions easing.

The CEPA has also approved a new oil pricing calculation at refineries, which will result in 0.5 baht per liter reduction in retail oil prices in general. The new calculation will be effective from 17th June.

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BANGKOK (NNT) – Bank of Thailand clarifies misunderstanding regarding the 6 trillion baht liabilities.

Mrs. Chantavarn Sucharitakul, Assistant Governor, Communications and Corporate Relations Group, Bank of Thailand (BOT) revealed that there has been misunderstanding regarding BOT’s 6 trillion baht liabilities as public debt that will have to be repaid by future generations.

The BOT wishes to clarify that BOT’s financial statements reflect activities of the BOT associated with its central banking operations. When there is excess liquidity in the financial system the BOT absorbs the excess liquidity via instruments such as BOT bonds.

Conversely the BOT inject liquidity back into the system through reduction in BOT bond issuance to maintain an appropriate monetary condition. BOT’s assets and liabilities are therefore conditioned on changes in its financial operations to maintain economic stability.

Like other central banks, the liabilities in the BOT’s account are not considered as public debt, and will not pose fiscal burden on the country. The liabilities shown in BOT’s financial statements are merely reflection of its liquidity management activities.

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Since Covid-19 first appeared in Wuhan towards the end of 2019, it has spread all over the world, infecting over 7 million people and killing over 400, 000.

BANGKOK(NNT) – The COVID-19 situation has affected the economies of countries worldwide. Thailand is having to adjust its export and commercial plans to aid economic recovery. The Department of International Trade Promotion (DITP) has prepared over 250 projects to spearhead the penetration of export markets, focusing on online activities. It is also to organize expositions after the easing of restrictions that have been imposed to control COVID-19.

Mr Somdet Susomboon, DITP Director General, said today that the 250 projects that have been prepared to support, maintain and expand the export market, include promoting Thai products online, and online business matching, while organizing online virtual exhibitions in different regions worldwide, upgrading the image of Thai products and services in foreign countries, utilizing the government’s quality certification marks including Tmark, Demark, PM’s Award and Thai Select, and creating standards for quality and the safety of Thai products and services such as Halal food and organic agricultural standards.

The DIPT will lead Thai entrepreneurs to attend exhibitions abroad but it is necessary to take into account the readiness and regulations of each country. Many postponed exhibitions in Thailand can now be staged after the easing of restrictions that were imposed to control COVID-19. These include TILOG-LOGISTIX 2020, TAPA 2020, a food exposition, and the Bangkok Gems & Jewelry Fair that will be held from the end of August to September.

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