Showing 11 - 20 of 2,220
The high costs of new US tariffs on Chinese EVs
Published on 25/05/2024
» US President Joe Biden’s administration has just announced 100% tariffs on electric vehicles (EVs) manufactured in China, prompting Donald Trump to promise a 200% tariff on Chinese cars made in Mexico if he is elected in November. Neither policy would have notable effects on the US car market because imports of Chinese EVs are minuscule, owing to past tariffs and the anti-Chinese sentiment that has gripped the country in recent years. Nonetheless, the announcement is significant for three reasons.
Asian shares decline as US rate-cut hopes dim
Business, Published on 25/05/2024
» RECAP: Asian stocks tracked Wall Street lower in response to more economic data that signalled the US Federal Reserve might keep interest rates on hold for most of this year. Regional currencies also took a hit as dollar strength persisted.
Stimulus measures on the agenda
Business, Wichit Chantanusornsiri, Published on 25/05/2024
» The first meeting of economic ministers slated for Monday will focus on discussions for new measures to stimulate the economy, says Deputy Finance Minister Julapun Amornvivat.
Exports being held back by declining competitiveness
Business, Nareerat Wiriyapong, Published on 24/05/2024
» Declining competitiveness for key export segments such as automobiles has kept Thailand from cashing in on improving global trade, according to analysts, as some start to downgrade shipment projections amid contracting manufacturing output and a slim private investment recovery.
2024 car output target could be trimmed
Lamonphet Apisitniran, Published on 24/05/2024
» The country's car manufacturing target for 2024 may be downgraded as production continues to dip, with a sluggish economy affecting car sales, according to the Federation of Thai Industries (FTI).
Exports rebound to record 6.8% growth in April
Business, Phusadee Arunmas, Published on 24/05/2024
» Thai exports rebounded to growth in April, following a sharp 10.9% decline in March, driven by the improving global economy and an easing of the average inflation rate worldwide.
April export growth beats forecasts
Published on 23/05/2024
» The dollar value of Thai exports rose 6.8% in April from a year earlier, the Ministry of Commerce said on Thursday, beating analysts’ expectations.
Thailand, Bhutan start trade talks
Business, Phusadee Arunmas, Published on 23/05/2024
» Thailand and Bhutan opened free trade agreement (FTA) negotiations, aiming to complete the deal by next year.
Shanghai meeting paves way for more investment
Chairith Yonpiam, Published on 22/05/2024
» Thai trade representative Narumon Pinyosinwat discussed avenues for trade and investment between Thailand and Shanghai during a meting on Wednesday in the Chinese city with Zhao Zhuping, deputy secretary-general of the municipal government.
Various factors hurt Tasco's Q1 earnings
Business, Yuthana Praiwan, Published on 22/05/2024
» The delay in state budget spending and low asphalt prices in the global market reduced first-quarter earnings and profit of SET-listed Tipco Asphalt Plc (Tasco), but the company remains upbeat about a return to normal growth levels this year.