The OFFO reported the Oil Fuel Fund is 91 billion baht in debt — 54 billion baht from subsidising diesel and 36.5 billion baht from subsidising LPG. The fund has around 11 baht billion of liquidity left and is seeking to borrow 30 billion baht to improve that position.

The five-year multiple-step-up bonds’ annual interest will increase from 2.50 per cent in the first two years to 3.00 per cent in the third and fourth years, and 3.50 per cent in the fifth year. The 10-year multiple-step-up bonds' annual interest will increase from 2.50 per cent in the first two years to 3.50 per cent from the third to sixth years, 4.00 per cent in the seventh and eighth years, and 4.50 per cent in the ninth and 10th years.

The government forecast fiscal 2023 net revenue of 2.49 trillion baht, up from an outlook of 2.4 trillion baht in fiscal 2022. Mr Pornchai said the Revenue Department, Customs Department and state enterprises all expect higher revenue next year, in line with the improving economy and growing trade. The government set next year's expenditure at 3.18 trillion baht, with a deficit of 695 billion baht. The Revenue Department's revenue collection in the period was 117 billion baht higher than its target, which offset the Excise Department's lower than expected collection. The Customs Department's revenue collection in the same period surpassed its target by 5%, or 2.92 billion baht, while state enterprises' revenue surpassed their target by 3%, or 2.68 billion baht.

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"Venezuela has shown exemplary resistance against sanctions and threats from enemies and Imperialists," Iran's Raisi said. "The 20-year cooperation document is testimony to the will of the two countries to develop ties in specific fields." Iran and Venezuela have expanded cooperation since 2020, particularly in energy projects and oil swaps. Defying U.S. pressures, Iran has sent several cargos of fuel to Venezuela and helped in refinery repairs. Last month, Venezuela began importing Iranian heavy crude, widening a swap agreement signed last year to exchange Iranian condensate for Venezuelan heavy crude.

Explainer: Everything you need to know about proposed ban on CBD products in Hong KongHong Kong authorities have proposed a ban on cannabis products. (South China Morning Post photo)HONG KONG: Hong Kong's law enforcement authorities have proposed outlawing CBD products this year, as cannabis-derived wellness items have gained popularity in the city recently. Most of the CBD products sold in Hong Kong are imported from overseas, including the United States, Britain and Europe. In the US, the federal legal limit for THC in CBD products is 0.3%. In Hong Kong, possession of a dangerous drug is punishable by imprisonment for up to seven years and a HK$1 million fine.

When police arrived, the bar was rocking, with stage music and some 195 patrons still drinking and dancing. Police found packets of drugs scattered on the floor, including 41 zip-lock bags of ketamine weighing 29 grams in total, 20 ecstasy pills and 12 zip-lock bags of “ice” or crystal methamphetamine weighing 13g in total. Of the patrons, 26 men and 57 women tested positive and three zip-lock bags of ketamine were found on two of them.

Kob, a university student, has grown cannabis plants in his room to make pressed dried cannabis for sale over the past two years. People are now allowed to grow cannabis plants at home. Soon the Department of Agriculture will start the process of handing out 1 million cannabis plants to 500,000 interested families to promote quality cannabis plants among users. Cannabiz Way grows about 75,000 hemp and cannabis plants on a 9,000 square metre plot of land in Saraburi. Possession isn't illegal either because the Public Health Ministry says it's not a narcotic drug.

US blasts China's 'destabilising' military activity near TaiwanA day after clashing with China's defence minister over Taiwan in their first face-to-face talks, Lloyd Austin called out Beijing's "growing coercion" towards the islandSINGAPORE - US Defence Secretary Lloyd Austin Saturday blasted China's "provocative, destabilising" military activity near Taiwan, a day after his Chinese counterpart warned him that Beijing was prepared to go to war over the island. A day after clashing with China's defence minister over Taiwan in their first face-to-face talks, Austin called out Beijing's "growing coercion" towards the island. "We've witnessed a steady increase in provocative and destabilising military activity near Taiwan," Austin told the Shangri-La Dialogue security summit in Singapore. "That includes (Chinese military) aircraft flying near Taiwan in record numbers in recent months, and nearly on a daily basis," he said. On Friday, the issue was top of the agenda at talks between Austin and China's Defence Minister Wei Fenghe on the sidelines of the summit.

In India and neighbouring countries, Muslims took to the streets in huge numbers after Friday prayers to condemn the remarks, with police firing on a crowd in the eastern Indian city of Ranchi. “Police were forced to open fire to disperse protesters … resulting in the death of two,” a police officer in Ranchi told AFP. Cities around India saw sizable demonstrations on Friday, with some crowds burning effigies of Nupur Sharma — the Bharatiya Janata Party (BJP) spokeswoman whose comments set off the furore. Diplomatic stormSharma’s remarks have embroiled India in a diplomatic storm, with the governments of nearly 20 countries calling in Indian envoys for an explanation. Sharma’s comments sent the BJP into damage control, with the party suspending her from its ranks and issuing a statement saying it respected all religions.

The Thai Food and Drug Administration (FDA) reported that its Plookganja websites and mobile applications for registration had recorded more than 32.1 million visits as of 7am on Saturday. A total of 582,399 people successfully registered to grow cannabis and hemp through the websites and apps, according to the FDA. Growers can register at two websites – https://plookganja.fda.moph.go.th and https://plookganjaweb.fda.moph.go.th – or via the Plookganja app, available in iOS and Android versions. Meanwhile, the FDA Facebook page issued a warning about fraudulent websites and apps created to lure prospective registrants into revealing their personal information or transferring money.

Ukraine hits Russian targets, France offers Odessa helpUkrainian tankers fire at frontline positions near the city of Soledar, Donetsk region on June 10, 2022MYKOLAIV: Ukraine tried to push back Russian troops in the east and south on Friday as France offered to help ensure access to the port of Odessa and ease a global grain crisis. And fierce fighting continued in the eastern Donbas region, where Moscow has concentrated its firepower, especially around the eastern industrial city of Severodonetsk. Local governor Sergiy Gaiday said on Friday that Russian forces had destroyed a major sports centre, adding: "One of the symbols of Severodonetsk was destroyed. France wants "victory for Ukraine", the advisor added, after Macron sparked controversy by suggesting Russia should not be humiliated. Putin has said that what Russia calls its special military operation is meant to "de-Nazify" Ukraine and suggested he is merely taking territory back.

The group also claimed that the project violated GLO laws as it must receive approval from the cabinet and stakeholders. It said the project must allow the underprivileged and disabled to sell digital lotteries.

"This could be a good opportunity for us to lead the reopening of CLMV [Cambodia, Laos, Myanmar and Vietnam]." At present, Thailand grants a visa exemption to 56 countries whose citizens don't have to apply for a visa or pay the 1,000-baht fee, but the stay is limited to 30 days. However, this option only allows a visitor to stay in Thailand for a maximum of 15 days. "We totally agree with the proposal to waive the visa fee for those who must apply for a visa, in addition to extending the length of stay for both visa-free countries and the VOA," said Marisa Sukosol Nunbhakdi, president of the Thai Hotels Association. They also support the idea of promoting Thailand as a mask-free destination by revoking the mask mandate in all areas.

(AFP photo)HONG KONG: Japan on Friday resumed visa procedures to accept foreign tourists, taking the first step toward increasing inbound tourism to help turn around its economy as worries about the Covid-19 pandemic wane. The guided tour participants will be included in the arrival quota. Travel agencies will explain that they may not be able to take part in tours unless they follow the procedures. Travel agencies will:ask tour participants to wear face masks, disinfect hands and purchase insurance to cover medical expenses. will swiftly take tour participants to medical institutions when they are found infected with novel coronavirus.