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BUSINESS

EV sector may face new chip shortage

Business, Lamonphet Apisitniran, Published on 15/07/2023

» Electric vehicle (EV) manufacturers may encounter another chip shortage following China's recent decision to restrict the export of two metals as a result of the US-China trade dispute, says the Federation of Thai Industries (FTI).

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BUSINESS

BCPG acquires two US power plants

Yuthana Praiwan, Published on 13/07/2023

» SET-listed BCPG, the power generation arm of energy conglomerate Bangchak Corporation, has completed the purchase of two more gas-fired power plants in Pennsylvania for 8.9 billion baht as it continues to increase electricity generation capacity in the US.

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BUSINESS

PTT’s units to serve modern lifestyles

Business, Published on 13/07/2023

» National oil and gas conglomerate PTT Plc expects its petrochemical business units to benefit from the development of new products to serve lifestyles that have become more focused on health and environmental stewardship.

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BUSINESS

Banpu unit wraps up Temple II buyout

Business, Published on 12/07/2023

» SET-listed Banpu Power (BPP), the power generation arm of energy conglomerate Banpu Plc, has completed a 16-billion-baht buyout of Temple II gas-fired power plant in Texas to strengthen its power business in the US.

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BUSINESS

Banpu expands in Texas

Yuthana Praiwan, Published on 11/07/2023

» SET-listed Banpu Power (BPP), the power generation arm of the energy conglomerate Banpu Plc, has completed a 16-billion-baht buyout of the Temple II gas-fired power plant in Texas to strengthen its power business in the United States.

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BUSINESS

Foxconn exits $19.4bn chip deal in India

AFP, Published on 11/07/2023

» TAIPEI" Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.

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BUSINESS

BoI applications catapult by 70% to B364bn in first half

Business, Lamonphet Apisitniran, Published on 11/07/2023

» Applications for investment promotion in the first half of this year soared by 70% year-on-year to 364 billion baht in value, led by foreign direct investment skyrocketing 141% as global companies continue to choose Thailand as a manufacturing base, says the Board of Investment (BoI).

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BUSINESS

Malaysia PM to meet virtually with Elon Musk by week’s end

Published on 10/07/2023

» Malaysian Prime Minister Anwar Ibrahim will hold a virtual meeting Tesla Inc’s Chief Executive Officer Elon Musk by the end of this week, according to Trade Minister Zafrul Aziz.

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BUSINESS

Investment pledges up 70% in H1

Reuters, Published on 10/07/2023

» Investment applications between January and June jumped 70% from a year earlier, driven by foreign investors' projects in the electronics, food and auto sectors, the government said on Monday.

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BUSINESS

Man with a mission

Business, Somruedi Banchongduang, Published on 08/07/2023

» Household debt should be a national agenda item and legal support is required to manage the problem comprehensively, says Piti Tantakasem, chief executive of TMBThanachart Bank (ttb), in an exclusive interview with the Bangkok Post.