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Search Result for “bankruptcy”

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WORLD

Trump nominates ‘alpha male’ influencer as envoy to Malaysia

Published on 12/07/2025

» WASHINGTON — US President Donald Trump has nominated a fiery right-wing influencer known for his machismo and professed love for steaks and Hooters to be the ambassador to Malaysia.

BUSINESS

Detailing Neta's fall from grace

Published on 12/07/2025

» Jutamas Tadthiemrom, an employee of a Bangkok-based media corporation, has been using her Neta electric vehicle (EV) for just over a year. The main reason she bought it was to reduce her fuel expenses, as she had used her previous car for more than 12 years.

BUSINESS

Thai Airways ‘has no plans’ to resume direct US flights

Published on 09/07/2025

» SINGAPORE - Thai Airways International has no plans to resume direct flights to the United States, despite the US upgrading Thailand’s air safety rating this year to permit them, CEO Chai Eamsiri said on Wednesday.

BUSINESS

China's intense EV rivalry tests Thailand's local production goals

Published on 04/07/2025

» Hyper-competition in China's electric vehicle sector is spilling over to its biggest market in Asia, Thailand, as smaller players struggle to compete with dominant BYD, putting ambitious local production plans at risk.

BUSINESS

Thailand car production rises for first time in nearly 2 years

Reuters, Published on 24/06/2025

» Car production in Thailand rose 10.32% in May from a year earlier, with the first annual rise in 22 months helped by higher pickup truck output for export markets, the Federation of Thai Industries (FTI) said on Tuesday.

BUSINESS

Hozon, Chinese EV giant behind NETA, files for bankruptcy - what it means for Thailand

Online Reporters, Published on 23/06/2025

» On June 19, China's state-owned media outlet CCTV reported that Zhejiang Hozon New Energy Automobile, the parent company of electric vehicle brand NETA, had officially filed for bankruptcy. The filing came after a creditor sued the company over an unpaid debt of approximately 5.3 million yuan (about US$730,000), amid total liabilities exceeding 10 billion yuan ($1.4 billion).

BUSINESS

Thai Airways concludes rehabilitation, to relist in August

Supoj Wancharoen, Published on 16/06/2025

» Thai Airways International (THAI) announced plans to relist on the Thai stock exchange in early August after the Central Bankruptcy Court ended its rehabilitation process on Monday.

BUSINESS

Chinese EV maker Neta woes pose threat to Thai car dealers

Nareerat Wiriyapong, Published on 09/06/2025

» Troubles facing ailing Chinese electric vehicle (EV) maker Neta could have a drastic spillover effect on Thai car dealers, possibly forcing them to shut down, while insurance companies may choose to collect premiums directly from policyholders, says Allianz Ayudhya General Insurance (AAGI).

BUSINESS

Executives advise caution for EV insurers

Business, Nuntawun Polkuamdee, Published on 09/06/2025

» Thailand's non-life insurance sector is on high alert as reports circulate that a Chinese electric vehicle (EV) manufacturer active in the Thai market may face bankruptcy, hinting that EV insurance is already a loss-making business.

BUSINESS

EV sector faces bumpy road

Published on 09/06/2025

» A recent uptick in electric vehicle sales may not signify a smooth path for the Thai EV industry following double-digit growth.