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Search Result for “mitigate”

Showing 1 - 10 of 16

BUSINESS

Business leaders slash Thai growth forecast

Business, Lamonphet Apisitniran, Published on 02/04/2026

» The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has lowered its Thai GDP growth forecast to a range of 1.2-1.6%, citing the ongoing energy crisis triggered by war in the Middle East. The previous projection was 1.6-2.0%.

BUSINESS

Oil turmoil speeds up Thailand's electric shift

Business, Lamonphet Apisitniran, Published on 02/04/2026

» Banks and car buyers are increasingly shifting towards battery electric vehicles (BEVs) as surging oil prices, fuelled by Middle East tensions, reshape Thailand's auto market, says Ford Thailand.

BUSINESS

Call for fuel tax cut as crisis mounts

Business, Lamonphet Apisitniran, Published on 31/03/2026

» The Federation of Thai Industries (FTI) has called on the government to introduce urgent measures, including a possible excise tax reduction on fuel, to help small and medium-sized enterprises (SMEs) cope with escalating operating costs driven by surging global crude oil prices.

BUSINESS

Industry chief vows quick wins

Business, Lamonphet Apisitniran, Published on 04/10/2025

» The industry minister has pledged to implement "quick-win" projects to support Thailand's industrial sector and economy, prioritising industrial restructuring.

BUSINESS

SCG Décor investing in renewables

Business, Lamonphet Apisitniran, Published on 10/09/2025

» SCG Décor Plc (SCGD), the operator of a decor surfaces and bathroom business, is investing 1.5 billion baht in renewable energy and improving business operations to enhance its competitiveness in the long term.

BUSINESS

Panel to add new rights, perks to ease impact of GMT

Business, Lamonphet Apisitniran, Published on 05/08/2025

» The Commission on the National Competitiveness Enhancement for Targeted Industries Policies has resolved to add new rights and investment incentives, including tax credit refunds, to a law now being amended to ease the impact of the government's adoption of the global minimum tax (GMT).

BUSINESS

Investments to surge in 2025

Business, Lamonphet Apisitniran, Published on 14/01/2025

» Investments in Thailand are expected to gain momentum this year, following a surge in applications for investment incentives by 35% in value terms to 1.14 trillion baht last year, the highest level recorded since 2014, led by large foreign direct investment (FDI) projects in data centres and cloud services, says the Board of Investment (BoI).

BUSINESS

SCG preps green transformation

Business, Lamonphet Apisitniran, Published on 18/09/2024

» SET-listed Siam Cement Group (SCG), Thailand's largest cement maker and industrial conglomerate, plans to allocate 200 billion baht to develop its businesses between 2025 and 2030, in a bid to make them more eco-friendly and competitive.

BUSINESS

Industry group predicts short-term price stability

Business, Lamonphet Apisitniran, Published on 03/05/2024

» Manufacturers are expected to maintain the prices of goods in the short term following a recent hike in domestic diesel rates to avoid adding a burden to people's cost of living, says the Federation of Thai Industries (FTI).

BUSINESS

EEC prepares for water shortages

Business, Lamonphet Apisitniran, Published on 30/04/2024

» A water shortage, caused by an El Niño-induced drought, in the Eastern Economic Corridor (EEC) could be avoided as water supplies have been prepared for factories to help them get through the dry season this year, says the Industrial Estate Authority of Thailand (IEAT).