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Search Result for “downturn”

Showing 1 - 10 of 21

BUSINESS

Car exports decline 12%

Lamonphet Apisitniran, Published on 23/12/2025

» Thailand's car exports dropped 12% year-on-year between January and November to 78,692 units, as internal combustion engine (ICE) vehicles lost ground in overseas markets amid growing competition, according to the Federation of Thai Industries (FTI).

BUSINESS

Car production suffers sharp downturn

Business, Lamonphet Apisitniran, Published on 26/08/2025

» The Thai automotive industry has remained sluggish so far in 2025 as total car production fell by 5.73% year-on-year during the first seven months, affecting employment among car manufacturing plants, says the Federation of Thai Industries (FTI).

BUSINESS

Motorcycle production and sales set to slow in 2nd half

Business, Lamonphet Apisitniran, Published on 11/07/2025

» More motorcycle production and sales in Thailand during the first five months of 2025 do not guarantee bright business prospects as the industry looks likely to slow in the second half, says the Federation of Thai Industries (FTI).

BUSINESS

Motorcycle sales see 3.8% uptick in April

Lamonphet Apisitniran, Published on 03/06/2025

» Domestic motorcycle sales slightly improved in April, attributed to sales promotions targeting prospective buyers keen on purchasing a new model, said the Federation of Thai Industries (FTI).

BUSINESS

Federation of Thai Industries optimistic auto output will achieve new lower target

Lamonphet Apisitniran, Published on 25/12/2024

» The Federation of Thai Industries (FTI) remains hopeful that car manufacturing output will reach the new lower target set for 2024, despite a significant drop in domestic car sales and exports in November, which seems to show no signs of abating.

BUSINESS

EV makers mull forgoing subsidies

Business, Lamonphet Apisitniran, Published on 06/12/2024

» Many electric vehicle manufacturers are considering forgoing subsidies under the state's EV incentive scheme as the automotive industry remains sluggish, causing them to adjust production plans, says the Electric Vehicle Association of Thailand (EVAT).

BUSINESS

Thai auto industry employment declining

Lamonphet Apisitniran, Published on 22/11/2024

» Employment in Thailand’s automotive and auto parts industries as well as car financing services is declining as domestic car sales have been sluggish for months, with the latest job cuts by Nissan Motor adding to the misery.

BUSINESS

SCG halts operations at Vietnam complex

Business, Lamonphet Apisitniran, Published on 01/11/2024

» SET-listed Siam Cement Group (SCG), Thailand's largest cement maker and industrial conglomerate, has suspended operations at its Long Son Petrochemicals (LSP) complex in Vietnam in order to cope with high production costs and the impact of a downturn in the global petrochemical market.

BUSINESS

FTI to help small herbal businesses up their game

Business, Lamonphet Apisitniran, Published on 20/08/2024

» Small and medium-sized herbal business operators will be given help to improve their products for export, following sluggish domestic sales due to weak consumer spending, which could lead to factory shutdowns, says the Herbal Industry Club of the Federation of Thai Industries (FTI).

BUSINESS

New calculation seen likely to boost MPI

Business, Lamonphet Apisitniran, Published on 01/08/2024

» The Manufacturing Production Index (MPI) is expected to increase in the second half of this year if four growing industries -- solar panels, solid state technology, smart electronics and electric vehicles -- are included in the MPI calculation, says the Office of Industrial Economics (OIE).