Showing 1 - 10 of 41
Auto sector reels from falling orders, soaring household debt
Reuters, Published on 25/09/2024
» Thailand's US$53 billion automobile industry is facing a grim future as highly indebted domestic consumers struggle to finance purchases and overseas buyers of its mainstay traditional vehicles increasingly switch to electric alternatives.
Thailand’s EV Industry Fuels Commercial Real Estate Boom
Published on 23/09/2024
» Thailand is poised to become Southeast Asia’s leading market for electric vehicle (EV) manufacturing and innovation, which will have significant implications for the country’s commercial real estate industry. According to JLL (NYSE: JLL), sustained growth in Thailand’s EV industry, supported by government policies and foreign investment, will create an addressable real estate market of at least $6.5 billion (THB220 billion) by 2030, underpinning the country’s rise as a regional leader in EV manufacturing and innovation.
Singapore ready to make ‘bold changes’ to revive stock market
Published on 16/09/2024
» Singapore is prepared to make “bold changes” to regulatory structures in an attempt to revive its languishing stock market, according to its Second Minister for Finance.
Thailand's EV makers seek to renegotiate govt incentives as sales slow
Reuters, Published on 11/09/2024
» As sales of electric vehicles (EVs) miss expectations in Southeast Asia's largest market, Thailand's main group of manufacturers, comprising large Chinese and Japanese firms, seeks to extend production deadlines set in a government scheme of incentives.
Europe's AI Act will shake up businesses
Oped, Published on 11/09/2024
» As businesses across the globe brace for the European Union's newly adopted Artificial Intelligence (AI) Act, the ramifications are becoming more apparent. The AI Act will create opportunities and challenges, particularly for companies that rely heavily on AI technology. The regulation classifies AI systems based on the level of risk and will mandate new standards for developers and deployers, pushing businesses to reevaluate their strategies in a bid to comply with this EU legislation that will open doors to the EU market.
Analysts expected to raise bourse's year-end target
Business, Nuntawun Polkuamdee, Published on 10/09/2024
» The Investment Analysts Association (IAA) is expected to revise up the Stock Exchange of Thailand (SET) end of year target from the current estimate of 1,460 points, boosted by the launch of the Vayupak Fund and Thai ESG Fund, along with the new government's stimulus measures.
Adapt to new tax policy
News, Editorial, Published on 09/09/2024
» Thailand is now faced with the inevitable task of imposing a top-up tax on transnational firms operating within its borders, in compliance with the global requirements of the Global Minimum Tax (GMT). This tax policy imposes a formidable challenge for the government as it seeks to maintain the nation's competitiveness and continue attracting vital foreign direct investment (FDI).
IEAT sees record land sales
Business, Lamonphet Apisitniran, Published on 03/09/2024
» The Industrial Estate Authority of Thailand (IEAT) is set to see its industrial land sales reach a new high of more than 6,000 rai for the second consecutive year, due partly to the state policy to boost investment, especially in the electric vehicle (EV) segment.
Satisfying all customers
Business, Lamonphet Apisitniran, Published on 31/08/2024
» MG Sales (Thailand) is not limiting itself to manufacturing only electric vehicles (EVs), despite the growing popularity of the next-generation segment.
Hyundai allocates B1bn for electric vehicle expansion
Business, Lamonphet Apisitniran, Published on 29/08/2024
» Hyundai Mobility Thailand, a subsidiary of South Korea's Hyundai Motor Group, is preparing to expand its electric vehicle business in the country within September under a 1-billion-baht investment in a move to compete with other EV manufacturers.