TOP expects global oil prices to continue to fall

Thai Oil Plc (TOP), Thailand’s largest oil refinery by capacity, expects global oil prices to continue to decline this week to US$84-94 per barrel amid growing concerns over a global economic recession, but the decrease will not cause authorities to reduce domestic diesel prices. Source: Business

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Rever allots B3bn to nurture BYD venture

Newly established Rever Automotive Co, the sole distributor of electric vehicles (EVs) produced by Chinese automaker BYD, has allocated an investment budget of 3 billion baht to develop an EV business as it looks forward to becoming a leading EV company in Thailand. Source: Business

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Rayong villa project targets Europeans

SET-listed Grande Asset Hotels and Property Plc has launched the luxury villa project Amatara Residences Rayong with 61 units priced from 33 million baht to lure Europeans looking for a resort home and executives working in eastern provinces. Source: Business

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