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BUSINESS

KSL pulls out investment in Cambodia

Business, Lamonphet Apisitniran, Published on 05/07/2024

» The expansion of the sugar business from Thailand into Cambodia has hit a roadblock as Khon Kaen Sugar Industry Plc (KSL), Thailand's third-largest sugar producer, decided to withdraw its investment because of unfavourable business conditions.

BUSINESS

Isuzu teams up with PTT on hydro vegetable oil project

Business, Lamonphet Apisitniran, Published on 02/04/2024

» Tri Petch Isuzu, the local distributor of Isuzu vehicles, is working with PTT Plc to jointly test vehicles powered by a new clean fuel to support a campaign to cut carbon dioxide emissions, which are high in Thailand's transport sector.

BUSINESS

FTI mulls plan for standards

Business, Lamonphet Apisitniran, Published on 15/03/2024

» The Federation of Thai Industries (FTI) is conducting a study of a plan to set standards for renewable resources that can be turned into sustainable aviation fuel (SAF) to support campaigns aimed at combatting global warming.

BUSINESS

Sentiment declines in February amid high debt

Business, Lamonphet Apisitniran, Published on 14/03/2024

» The Thai Industry Sentiment Index (TISI) fell in February to 90 points from 90.6 the previous month as people remained cautious about spending amid high household debt, says the Federation of Thai Industries (FTI).

BUSINESS

Office reduces manufacturing outlook

Business, Lamonphet Apisitniran, Published on 01/09/2023

» The Office of Industrial Economics (OIE) has downgraded its growth forecast for Thailand's manufacturing production index (MPI) this year to a contraction ranging from -2.8% to -3.8%.

BUSINESS

Further diesel excise cut sought

Business, Lamonphet Apisitniran, Published on 15/03/2022

» The Land Transport Federation of Thailand (LTFT) has called on the government to further cut diesel excise tax and abandon sales of diesel, blended with expensive palm oil-derived methyl ester, for six months to better control domestic diesel prices during the global oil price surge.

BUSINESS

Fuel tariff freeze demanded as oil prices imperil economy

Business, Lamonphet Apisitniran, Published on 04/03/2022

» Executives at the Federation of Thai Industries (FTI) want the government to freeze the fuel tariff (Ft) on power bills and maintain retail gas prices to ease the impact of soaring global oil prices on economic activities and the cost of living.

BUSINESS

Call for cap on utility prices

Business, Lamonphet Apisitniran, Published on 10/02/2022

» The Federation of Thai Industries (FTI) wants the government to put a cap on electricity, water and cooking gas prices to slow down living cost increases as well as push stimulus measures as the Thailand Industry Sentiment Index (TISI) continued to increase to 88 points in January.

BUSINESS

Imports of Norwegian seafood remain robust

Business, Lamonphet Apisitniran, Published on 20/01/2021

» Thailand has continued to import fish from Norway, with salmon at the top of the list, but while the pandemic seriously dented the global economy, Norwegian seafood exports recorded a 2% increase.

BUSINESS

Blockchain eyed for palm oil

Business, Lamonphet Apisitniran, Published on 14/05/2020

» The Energy Ministry has ordered the Energy Business Department to discuss with Thai oil traders the prospect of using blockchain to facilitate palm oil trade.