Finance Minister Ekniti Nitithanprapas asserts that Thailand’s economy remains resilient in the face of escalating Middle East conflict due to stable economic fundamentals and a flexible financial sector. While the turmoil poses risks to energy costs, tourism, and global trade, the government has implemented proactive measures, such as securing significant oil reserves and providing financial support for exporters, to cushion the impact.

The escalating conflict in the Middle East has created significant economic and logistical pressure on Thailand as of March 2026. ^{While the Thai government maintains that the situation is manageable, several key sectors are currently on high alert.}

1. Energy Security and Costs

Thailand is highly vulnerable to energy shocks due to its reliance on Middle Eastern oil.

• Oil Reserves: Thailand currently holds approximately 60–61 days of oil reserves. However, the Ministry of Energy has already suspended oil exports to preserve domestic supplies.
• Price Hikes: Officials have identified Wednesday, March 4, 2026, as a critical tipping point. If global diesel prices exceed $100 per barrel, significant domestic retail price hikes are expected.
• Power Pivot: To reduce reliance on imported Liquefied Natural Gas (LNG), the government has ordered coal-fired and hydroelectric plants to operate at maximum capacity.

2. Trade and Logistics

While direct trade with conflict zones like Iran and Israel is a small percentage of total volume, the broader regional impact is severe.

• Shipping Disruptions: The potential closure of the Strait of Hormuz—a chokepoint for 20% of global oil—is the primary concern. Freight rates and maritime insurance premiums have already spiked by roughly 50%.
• Vulnerable Exports: Canned fruits, rubber products, automotive parts, and machinery are the most exposed sectors.
• Financial Relief: The EXIM Bank of Thailand has introduced an emergency package, including a 365-day debt moratorium and 20% interest rate cuts for affected exporters.

3. Tourism and Aviation

The tourism sector, a vital pillar of the Thai economy, is facing immediate headwinds.

• Market Loss: High-spending tourists from the GCC (Gulf Cooperation Council) and Israel, who spend an average of 100,000 THB per trip, are seeing massive travel disruptions.
• Airspace Closures: Thousands of flights have been delayed or canceled globally, affecting Thailand’s recovery as a regional hub. Some experts warn of a potential 80% plunge in Middle Eastern arrivals if the conflict persists.
• Opportunity: On a strategic note, if Middle Eastern aviation hubs remain unstable, there is a long-term possibility of flight traffic and investment shifting toward Southeast Asian hubs like Bangkok.

4. Government “War Room” Response

Prime Minister Anutin Charnvirakul and several ministries have established an Economic War Room to coordinate responses:

• Labor Safety: Monitoring the safety of over 77,000 Thai workers currently in the Middle East (primarily Israel, UAE, and Saudi Arabia).
• Market Diversification: Accelerating a pivot toward “safe-haven” markets in South Asia, Africa, and Latin America to reduce regional dependency.
• Inflation Control: Despite the pressure, the government is attempting to hold its 2026 inflation forecast at 0.3% through the use of the Oil Fuel Fund.

Despite potential inflationary pressures and safety concerns for the approximately 100,000 Thai workers in the region, officials believe the domestic economy is well-equipped to navigate these external volatilities.

Key Points

• Finance Minister Ekniti Nitithanprapas emphasizes that Thailand’s strong economic fundamentals and flexible financial sector are capable of managing risks posed by global volatility.
• The conflict is expected to impact several key areas, including energy prices, global trade, supply chains, tourism, inflation, and the labor market.
• To mitigate energy supply risks, the government has secured domestic oil reserves sufficient to meet demand for at least two months.
• Approximately 100,000 Thai nationals working in the Middle East face safety risks, prompting the Foreign Ministry to prepare evacuation contingency plans.
• The tourism sector faces potential setbacks from flight cancellations, airspace closures, and a likely reduction in international arrivals.
• The Finance Ministry is coordinating with financial institutions to provide liquidity support for exporters and importers burdened by rising freight and insurance costs.
• While rising oil prices may drive inflation, the impact is expected to be moderate, with the annual inflation forecast remaining low at 0.3%.
• Security measures have been tightened at the US, Iranian, and Israeli embassies in Bangkok, and Thailand may seek alternative oil supplies from Africa and the Americas if regional tensions worsen.

Additionally, the Finance Minister emphasized the importance of diversifying trade partnerships to reduce dependency on volatile regions. He highlighted ongoing efforts to promote domestic industries and attract foreign investments, ensuring long-term economic growth.

Other People are Reading

Start Yard boss says Birkenhead can rival Shoreditch or the Meatpacking District

Liverpool and the areas around it need to move on from The Beatles’ and celebrate what Liverpool is best at now, a business owner has said.

David Tully, who runs virtual reality company Scene Graph Studios, said more needs to be done to promote technology companies in the region, adding: “Liverpool is a fantastic place in the UK, it’s been said so many times, but I think we need to carry on and celebrate ourselves a bit more.”

The business was one of the first tenants in Start Yard, a collection of different start up businesses based at a former Cammell Laird depot in Birkenhead. While the hub’s early days “were a bit quiet”, Start Yard now has 22 spaces with 19 of them filled. It is bringing people in from Liverpool, and its owner hopes to have eight more units in the next year.

David said: “We did look at the Baltic but for something that we get here, you could probably get a closet for the same price. This place is very good, it’s flexible.

“Birkenhead companies can compete with the big players. You have just got be good at what you do. That gives you hope.”

However he feels Merseyside should do more to shout about the gaming and other tech industries that are based in the region, adding: “Liverpool has been seen as the land of music since the Beatles but it’s not.

“It’s the land of tech but we do not talk about it. The amount of games companies in Liverpool, we do not talk about it. I think everybody has got their head down working so hard you do not have the time to celebrate ourselves.”

Pointing to Birkenhead’s decline in recent decades, he said: “We have got to bring back the tech money and the jobs but no one is going to do it for us.

“We have got to make a change and we have got the infrastructure for it. We have got good companies, good students, and good universities.

“Now we just need to get tech jobs to come in. The amount of brain drain from Liverpool is insane.”

Start Yard is the idea of Chris Lee, who also worked on the regeneration of Liverpool’s Baltic Triangle from its earliest days. Central Birkenhead he feels could follow in its footsteps with Start Yard offering an affordable and easier place to set up a business and create jobs in the area.

Comparing Birkenhead’s potential to Shoreditch in London or the Meatpacking District in New York, Chris said: “It’s no different here. The biggest issue is you can always make it happen fast with a bit of joined up action.”

Four years after it started supported by funding awarded to Wirral Council to regenerate the town, Start Yard is hosting a free start-up event on April 16 aimed at bringing more young people into business.

Chris said: “I know how difficult it is to start a business and I know in the first three to four years, they can fail.

“They could be brilliant ideas but if you do not have luck or determination, it’s difficult to make things happen. It hasn’t been easy for us but we are four years in and the community has flourished.”

Another Start Yard tenant, Darran Medley, who works for fashion networking company MIF Industries, said: “Getting people out of London isn’t easy but you can get a train here in two hours and you can’t do that across London sometimes. This place really does make sense.

“Sometimes people are surprised this is here but then that leads to what else is going on in Birkenhead. There’s lots going on here. Perhaps the reputation isn’t good but the opportunity to change that narrative is there and places like Start Yard do that.”

Park Cakes bought former pub in 2024 and now wants to clear ‘visual blight’

The bakery responsible for creating the much-loved Colin the Caterpillar cake for M&S is expanding. Park Cakes has permission to bulldoze a former pub right outside its bakery in Oldham to extend its grounds.

The Honeywell Arms at 491 Ashton Road has stood boarded-up since September 2024 and was bought-up by the bakery shortly after. Once a long-standing Robinsons Brewery pub, it struggled to remain open in the challenging conditions for the hospitality industry and a violent attack on the pub landlord in 2023.

Oldham Council has approved the demolition of the two-storey building, which includes a private flat for the pub landlords on the first floor. Town planners said the boozer had suffered ‘long-term decline’ with no visible investment in improving its facade since 2008. They also noted there were alternative pubs available within 1km (0.6 miles).

In a planning report, council officer Dave Richards said: “The demolition does not amount to the unnecessary loss of a valued community facility … and would remove a degraded, visually harmful structure from a prominent location. With appropriate conditions, the proposal would secure a safer, tidier and more coherent interim site appearance.”

Park Cakes bakery hasn’t yet revealed what it plans to do with the land. But in the short-term, they told town planners they wanted to ‘modernise the frontage of the Park Cakes Sites, by improving traffic management and access safety and removing a visual blight at a major junction’.

The bakery has not confirmed when the works are due to happen. The demolition will take place over the course of two-weeks. Work hours are restricted to between 8am and 6pm on weekdays and 9am to 1pm on Saturdays, to minimize impact on the surrounding residential areas.

The demolition will mark the end of an era for the pub building, which was last managed by Jack Dodd and his partner. Dodd ran the pub for 26 years before it was formally dissolved in August 2025.

In 2023, his partner was left needing 15 stitches after the couple tried to defend the pub from burglars. At the time, the pair told local press that the attack had made them want to move out of the area.

To find all the planning applications, traffic diversions, road layout changes, alcohol licence applications and more in your community, visit the Public Notices Portal.

At the same time, markets will be closed in the United Arab Emirates on Monday and “until further notice,” according to a statement by the UAE Capital Market Authority, which oversees the Abu Dhabi Securities Exchange and the Dubai Financial Market. The authority said it continues to monitor developments in the region.

Operator

Welcome to the Gorilla Technology Group Inc. Fiscal Year 2025 Financial Results Conference Call. [Operator Instructions] The conference is being recorded [Operator Instructions].

Before we begin, we will read the forward-looking statement. Today’s call includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements reflect management’s current expectations and projections about future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially.

Forward-looking statements often include terms such as expects, believes, plans, anticipates, may, should and similar expressions. For a discussion of important factors that could affect Gorilla’s results, please refer to our filings with the SEC, including our most recent annual report on Form 20-F. Except as required by law, Gorilla undertakes no obligation to update or revise any forward-looking statements made on this call, whether as a result of new information, future events or otherwise.

I would now like to turn the conference over to Jay Chandan Chairman and Chief Executive Officer; and Bruce Bower, Chief Financial Officer. Please go ahead.

Jayesh Chandan
CEO & Executive Chairman

Thank you very much, Crystal. Thanks, everyone, and thanks for joining. I will keep it quick. If you want drama, the market’s already provided enough already today. So I will stick to the facts.

Now let me start with the

The iPhone 17e is now here as part of Apple’s exciting week of launches for early March. Not only is it a refresh of the mid-range smartphone lineup, but it also brings significant upgrades.

With the iPhone 17e, users are getting MagSafe wireless charging, which was not present in last year’s release, as well as twice the storage for its base version and more improvements.

Apple iPhone 17e Finally Gets MagSafe Charging

Apple introduced the latest iPhone 17e as part of the annual refresh of its mid-range smartphones following last year’s iPhone 16e. But apart from its massive improvements like the transition from A18 to the A19 chipset, one of the biggest news here is that it finally received a MagSafe wireless charging feature.

Last year’s iPhone 16e did not get the MagSafe technology, and this is one of the reasons it faced backlash from the public as not all are fond of the wired charging method.

Now, the mid-range smartphone from Apple comes includes the MagSafe charging option while staying at the same starting price as last year’s release.

New Features on the Apple iPhone 17e

Apple has added many features to the iPhone 17e, which makes it a worthy smartphone to purchase, especially for those looking for a cost-effective device.

The company included its latest-generation A19 chipset in it, offering the same processor as the base iPhone 17 model.

However, the most important addition to the iPhone 17e is the latest C1X chip, Apple’s latest-gen cellular modem that it claims to be twice as fast as the iPhone 16e’s C1 5G chip.

The iPhone 17e now starts at a 256GB storage option, which is twice as much as last year’s 128GB.

Apple also upgraded the single rear camera of the iPhone 17e with the 48MP Fusion camera, now adding what it calls “next-generation portraits,” as well as 2x Telephoto and 4K Dolby Vision video. The screen also receives a Ceramic Shield 2 upgrade.

Lastly, Apple added a new “Soft Pink” colorway alongside Black and White. The iPhone 17e starts at $599 and will open preorders by Wednesday, March 4.

Shipping will take place by March 11.

Originally published on Tech Times

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