Since the 2021 military coup in Myanmar, foreign governments in particular the European Union and the United States, have issued travel bans and frozen the financial assets of corporate entities and individuals involved with the military regime. The most recent US financial sanction on the Myanmar Oil and Gas Enterprise (Moge), a major source of foreign currency revenue for the military government, which took effect in November 2023, is a potential risk to Thailand as it is reliant on gas from Myanmar for electricity generation.
The fallout from the global energy crisis is pushing Thailand to accelerate its shift to renewables after dragging its feet for years, the latest country to embrace wind and solar in order to reduce dependence on imported fuel.
PTT Exploration and Production Public Company Limited (OTCMKTS:PEXNY – Get Rating) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 800 shares, a drop of 20.0% from the March 15th total of 1,000 shares. Based on an average daily trading volume, of 1,200 […]
JAKARTA: Indonesia is seeking at least 27.4 trillion rupiah (US$1.7 billion) in damages from PTT Exploration & Production Plc (PTTEP) in a planned lawsuit next year over the Montara oil spill, even after the Thai company reached an initial settlement with farmers in the area.