Showing 1 - 10 of 20
Thai economy 'nearly in crisis'
Reuters, Published on 21/08/2024
» Thailand's economy is nearly in crisis due to declining exports and uncompetitive manufacturing, caretaker Finance Minister Pichai Chunhavajira said on Wednesday.
Incentives for auto parts joint ventures approved
Reuters, Published on 08/08/2024
» Thailand has approved incentives for joint ventures (JV) between Thai and foreign companies to manufacture automotive parts for vehicles using all types of propulsion systems, its Board of Investment (BOI) said on Thursday.
Hyundai to invest $28m in Thailand for EV assembly, batteries
Reuters, Published on 07/08/2024
» South Korean auto maker Hyundai Motor Company will invest 1 billion baht (US$28 million) to set up a facility to assemble electric vehicles (EVs) and batteries in Thailand, the country's Board of Investment (BOI) said on Wednesday.
Measures approved to boost stock market with tax breaks for sustainable funds
Reuters, Published on 30/07/2024
» The government has approved measures aimed at boosting the local stock market by increasing tax breaks and reducing lockups for individuals investing in so-called sustainable funds.
Thailand to offer investment incentives for makers of hybrid vehicles
Reuters, Published on 26/07/2024
» Regional auto making hub Thailand will introduce investment incentives for manufacturers of hybrid vehicles, its Board of Investment (BOI) said on Friday, with excise taxes for hybrids to be lowered from 2028 to 2032.
Exports fall for first time in 3 months, weaker than expected
Reuters, Published on 26/07/2024
» Thai exports fell for the first time in three months in June due to slowing agriculture and food sales, the Commerce Ministry said on Friday, adding that it still expected exports to grow overall in 2024.
Thai investigation into BYD EV discounts moves ahead despite cash-back offer
Reuters, Published on 19/07/2024
» A Thai investigation into discounts from China's BYD (Build Your Dreams) will continue despite a cash-back programme from its distributor in response to a backlash from consumers who felt they overpaid for their electric vehicles (EVs), a senior official said on Friday.
Chinese EV maker GAC AION opens factory in Thailand
Reuters, Published on 17/07/2024
» BANGKOK - China's electric vehicle (EV) maker GAC Aion, a subsidiary of GAC Group, on Wednesday opened its first factory in Thailand, a key regional auto export and assembly hub and fast-growing EV market.
Thailand approves B100bn soft loan scheme for banks
Reuters, Published on 16/07/2024
» BANGKOK - Thailand's cabinet on Tuesday approved a 100-billion-baht (US$2.8-billion) soft loan scheme where funds would be lent to commercial banks so they could on-lend to borrowers at below-market rates, a deputy finance minister said.
World Bank cuts Thai outlook to 2.4% on weaker exports
Reuters, Published on 03/07/2024
» Thailand's economy is expected to grow 2.4% this year, down from the 2.8% expansion projected in April, largely due to weaker-than-expected exports and public investment early in the year, the World Bank said on Wednesday.