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GENERAL

China warns carmakers of risks overseas

Published on 12/09/2024

» SHANGHAI - China’s commerce ministry has warned the country’s carmakers of the risks of making auto-related investments overseas, say two people briefed about the matter, as companies seek global expansion to counter slowing growth in their home market.

GENERAL

Study touts tech for firms

Business, Phusadee Arunmas, Published on 12/09/2024

» The International Institute for Trade and Development (ITD) provides policy recommendations to strengthen micro, small and medium enterprises (MSMEs) in the automotive and auto parts and fashion industries by leveraging innovative technologies with low-interest financing and a focus on new markets such as Africa, India and the Middle East.

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MOTORING

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.

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WORLD

Taylor Swift endorses Kamala Harris

New York Times, Published on 11/09/2024

» NEW YORK - Taylor Swift, one of America’s most celebrated pop-culture icons with a giant following across the world, endorsed Vice President Kamala Harris in the immediate aftermath of the presidential debate of the United States on Tuesday.

GENERAL

Matching event tallies B2.8bn value

Business, Lamonphet Apisitniran, Published on 11/09/2024

» The recent Subcon Thailand in Chon Buri, a business matching event, has generated 2.8 billion baht in trade value, mainly in the automotive industry, as 669 businesses matched, says the Board of Investment (BoI).

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MOTORING

Car sales set to improve in second half

Business, Lamonphet Apisitniran, Published on 10/09/2024

» Sluggish domestic car sales are expected to improve in the second half as banks are likely to relax lending criteria in granting auto loans, says the Federation of Thai Industries (FTI).

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OPINION

Hollywood on Thames is UK's chance to shine

News, Published on 10/09/2024

» Hollywood loves a happy ending, preferably after a few twists and turns along the way. The British version has another chance to write its own after Marlow Film Studios, backed by Avatar director James Cameron and a host of UK creative talents, said it will appeal against the rejection of a planned complex in the country's movie heartland west of London. Suspense turns on whether the two-month-old Labour government will intervene to greenlight a project that so clearly aligns with its mission of stimulating economic growth.

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GENERAL

Fraying the ties that bind

Business, Post Reporters, Published on 09/09/2024

» As a new government takes over, the Thai economy has handled significant volatility during the past 12 months, driven by both internal and external challenges.

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MOTORING

Thai EV sales to miss target as banks curb loans on debt risk

Bloomberg News, Published on 06/09/2024

» Thailand’s electric vehicle (EV) sales are set to miss target this year as lenders turn more cautious in sanctioning new auto loans with the nation’s household debt hovering near a record, according to an industry group. 

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GENERAL

Bad loans expected to hit banks hard this year

Business, Nareerat Wiriyapong, Published on 06/09/2024

» The banking sector is expected to face greater pressure for the remainder of the year as asset quality continues to deteriorate, with the new government seeking to lower lending rates, while risks from bad personal loan and credit card debt rise, say analysts.