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Thai Oil Public Company Limits Selling to Iran aircrafts

The PTT Public Company has limits on the amount of oil selling to Iran aircraft. President and Chief Executive Officer of PTT Public Company Pailin Chuchottaworn denied a rumor that PTT will stop selling oil to Iranian aircrafts.

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PTT industrial estate

The PTT Public Company has limits on the amount of oil selling to Iran aircraft. President and Chief Executive Officer of PTT Public Company Pailin Chuchottaworn denied a rumor that PTT will stop selling oil to Iranian aircrafts.

He said the company will only set a limit on the amount of oil selling to Iran aircrafts, as suggested by the government, led by the Foreign Affairs Ministry.

The Foreign Affairs Ministry stressed that Thailand as a member of the United Nations, must abide by the UN resolution to impose a sanction on Iran.

Moreover, he added the company limited a quota selling since last year, reaffirming that its policy has nothing related to the recent Bangkok’s triple explosions.

Moreover, he conceded that stressful situation in Iran adversely affect global oil prices in the short term. Currently, global prices stand at 110 US dollars a barrel.

He said other oil-producing countries in the Organization of the Petroleum Exporting Countries or OPEC group, in particular Israel, announced to increase its productions.

Meanwhile, the company has store its stock in various places, including Africa, the Mediterranean, and the Far East to reduce possible risks.

via Thai-ASEAN News Network – PTT Limits Selling Oil to Iran.

Thailand’s Criminal Court approved on Wednesday an extension to the detention of Mohammad Hazaei, one of the suspects in the Sukhumvit bomb incidents last week, and the suspect is being detained at high-security Bangkok Remand Prison.

Security was tightened along the route where police brought Hazaei to seek court approval for a further 12-day detention.

He was charged with conspiracy to make and possess explosive devices intended to cause harm to others.

Police investigators said they opposed bail, citing possible flight risk as the case concerned serious offences with severe punishment. In addition, the explosive devices found were especially powerful and destructive, posing a threat to the public. The suspect, if released, might tamper with witnesses or evidence.

Mr Hazaei was taken into police custody at Suvarnabhumi Airport last week as he was trying to board a flight to Malaysia.

So far, arrest warrants have been issued for five suspects, with two suspects still at large, while police are gathering evidence to seek an additional arrest warrant for a sixth suspect.

Thailand on Tuesday sent a request to Malaysia for extradition of Masoud Sedaghatzadeh, a suspect in this explosion case, who was arrested by Malaysian authorities in Kuala Lumpur, one day after three explosions in Sukhumvit area.

Corporate

The environmental case for remote working

Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.

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During the pandemic, the environmental and societal benefits of working at home quickly became apparent. How can businesses protect these benefits in the future?

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Investment

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI

The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.

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The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.

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