More than 1,500 new cars hit the streets of Bangkok every day. That is double the number of cars just before some years.
Predictably the traffic has dropped to under 15km/h and the average commute takes around 120 minutes a day.
As a solution to this, Uber is launching UberMOTO in Bangkok that enables people to book a ride on a motorcycle at the push of a button.The increasing number of cars causes congestion, which is bad for productivity in Bangkok and the ensuing pollution undermines everyone’s quality of life.
It’s why Uber decided to launch the motorcycle-sharing service in Bangkok, which is the most affordable option available in the city for short trips.In Bangkok, motorbike taxis are already a well-liked way to beat the city’s outrageous traffic and reach quicker to the destination.
Previously, Uber had also launched two wheels for courier services, such as UberRush, but with UberMOTO, it is the first time that the company is using two wheels for helping passengers to commute. The new motorcycle-sharing service will be available on the existing Uber app, the base fare is 10THB ($0.30) and 0.85 THB ($0.025) per minute or 3.5THB ($0.10) per kilometer.
Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.
How will oil prices shape the Covid-19 recovery in emerging markets?
– After falling significantly in 2020, oil prices have returned to pre-pandemic levels
– The rise has been driven by OPEC+ production cuts and an improving economic climate
– Higher prices are likely to support a rebound in oil-producing emerging markets
– Further virus outbreaks or increased production would pose challenges to price stability
A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.
Brent crude prices rose above $60 a barrel in early February, the first time they had exceeded pre-Covid-19 values. They have since continued to rise, going above $66 a barrel on February 24.
The ongoing increase in oil prices, which have soared by 75% since November and around 26% since the beginning of the year, marks a dramatic change from last year.
Following the closure of many national borders and the implementation of travel-related restrictions to stop the spread of the virus, demand for oil slumped globally.
In the wake of the Saudi-Russia price war in early 2020, Brent crude prices fell from around $60 a barrel in February that year to two-decade lows of $20 a barrel in late April, as supply increased and demand plummeted. The value of WTI crude – the main benchmark for oil in the US – fell to record lows of around $40 a barrel last year on the back of a lack of storage space.
While global demand for oil remains low, one factor credited with reversing the trend is the decision to make significant cuts to oil production, which subsequently tightened global supplies.
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