Decade-old rice sale concluded, contracts to be signed Tuesday

12 Sept 01:31 Key points summarised by AI

Thailand's Public Warehouse Organisation (PWO) finalized the sale of 15,000 tonnes of decade-old pledged rice to Sup Saengthong Rice and Sahatan companies after a two-month delay.
The two companies are scheduled to sign contracts and remit a 5% down payment next Tuesday, with the deal expected to generate approximately 244 million baht for the state.
Sup Saengthong Rice increased its bid for 11,656 tonnes, intending to convert the rice into animal feed for export, while Sahatan Company secured 3,356 tonnes.
Commerce Minister Phumtham Wechayachai expressed dissatisfaction with the PWO's performance due to the long delays and lapses in bidder qualification checks, hinting at an organizational overhaul.

Thailand secures US$200m World Bank loan for clean energy and low carbon cities

Yesterday 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).