The Thai Senate approved the Finance Ministry's guarantee for the Office of Oil Fuel Fund's 130 billion baht debt.
This debt accumulated due to government subsidies on cooking gas during the three-year COVID-19 pandemic, which depleted the fund's 36 billion baht reserve amid rising global prices.
European protests could raise costs for Thai exporters
25 Oct 17:46Key points summarised by AI
The Commerce Ministry warns that ongoing protests across six European countries, driven by cost-of-living concerns, could weaken consumer purchasing power, disrupt logistics, and elevate costs for Thai exporters.
Thai exporters are advised to closely monitor developments, explore alternative markets (ASEAN, South Asia, Middle East), and adjust shipping routes to reduce dependence on Europe and mitigate potential risks.