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Search Result for “war on povery”

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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

Middle East conflict delays auto exports to key market

Business, Lamonphet Apisitniran, Published on 25/03/2026

» Thailand's automotive industry is facing mounting pressure as the Israel-US war on Iran disrupts shipping routes through the Strait of Hormuz, delaying vehicle exports to the Middle East, says the Federation of Thai Industries (FTI).

BUSINESS

Mideast conflict dents chip manufacturing

Lamonphet Apisitniran, Published on 23/03/2026

» The United States and Israeli military operations against Iran are disrupting global supply chains, hitting semiconductor manufacturing hard and reverberating through chip‑dependent industries, particularly the automotive sector, which is watching developments closely.

BUSINESS

Plastic packaging at risk as war hits crucial raw material supplies

Business, Lamonphet Apisitniran, Published on 23/03/2026

» Packaging may be the next industry to bear the brunt of petrochemical supply disruptions if the Israel-US war on Iran does not abate, says Veera Kwanloetchit, a director of the Public Private Partnership for Sustainable Plastic and Waste Management.

BUSINESS

BMW faces flat sales amid rising oil prices

Lamonphet Apisitniran, Published on 20/03/2026

» Rising crude oil price volatility, fuelled by escalating tensions between the US and Iran, is threatening to stall Thailand's automotive recovery, with luxury car sales projected to remain flat this year, according to BMW Group Thailand.

BUSINESS

SCG halts olefins unit following Hormuz disruption

Business, Lamonphet Apisitniran, Published on 11/03/2026

» Industrial conglomerate Siam Cement Group (SCG) is temporarily shuttering its olefins plant in Rayong, though it remains confident its other businesses will continue to operate as normal during the conflict in Iran.

BUSINESS

US rare earth deal strains China ties

Business, Lamonphet Apisitniran, Published on 23/12/2025

» Thailand's surprise signing of a memorandum of understanding (MoU) with the US on rare earth minerals cooperation in October threatens to affect its efforts to maintain a well-calibrated balance between China and the US.

BUSINESS

Foreign investors upbeat despite political uncertainty

Business, Lamonphet Apisitniran, Published on 09/12/2025

» Foreign investors remain upbeat about expanding their businesses in Thailand, even as political uncertainty surrounds Prime Minister Anutin Charnvirakul's government, according to the Board of Investment (BoI).

BUSINESS

Rare earths deal ‘could strain Thai-China ties’

Lamonphet Apisitniran, Published on 29/10/2025

» An agreement with the United States on the joint development of a rare earth minerals supply chain could put Thailand at risk of straining its diplomatic ties with China, warns the Federation of Thai Industries (FTI).