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GENERAL

Federation of Thai Industries announces glum export outlook

Business, Lamonphet Apisitniran, Published on 10/08/2023

» Exports may contract by more than 2% this year, following an interest rate hike by the US Federal Reserve and concerns over higher global energy prices in the winter, says the Federation of Thai Industries (FTI).

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GENERAL

New government urged to prioritise exports

Business, Lamonphet Apisitniran, Published on 03/08/2023

» Thailand not only needs to quickly establish a new government but also set new policies to cope with sluggish exports after the value of shipments to Asean, the largest export market, fell by 7.4% to US$28 billion, says the Federation of Thai Industries (FTI).

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GENERAL

Egat against further power bill cut

Business, Lamonphet Apisitniran, Published on 04/08/2023

» Debt-ridden Electricity Authority of Thailand (Egat) cannot yield to any further requests for cheaper electricity bills in the next four-month cycle as this would affect its future investment in the power infrastructure.

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GENERAL

Employment set to remain flat in H2

Business, Lamonphet Apisitniran, Published on 18/07/2023

» Thailand's employment rate is expected to remain flat in the second half of this year as the global economy has turned sluggish, the country's tourism industry has yet to fully recover, and local politics remain uncertain, says the Employers' Confederation of Thai Trade and Industry (EconThai).

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BUSINESS

Panel trims export growth forecast

Business, Lamonphet Apisitniran, Published on 06/07/2023

» Dim economic prospects over the next six months have caused the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) to cut its export growth forecast to -2% this year, down from -1%.

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NEWS

Agencies unite for electric car innovation

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

» Five state and private agencies have joined hands to develop the electric vehicle (EV) industry through more R&D projects as well as better support for local startups and small and medium-sized enterprises (SMEs) in the automotive market.

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BUSINESS

EEC officials woo French executives

Business, Lamonphet Apisitniran, Published on 08/07/2023

» Thai authorities are encouraging French companies to invest in targeted industries, including aviation, in the Eastern Economic Corridor (EEC).

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NEWS

BMW observes growing corporate demand for EVs

Business, Lamonphet Apisitniran, Published on 11/05/2023

» BMW Group Thailand has recorded a growing preference for electric vehicles (EVs) among its corporate customers, with EV sales in this group increasing by 11.9% year-on-year in the first quarter of 2023.

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BUSINESS

SCG Cement unit upbeat on growth in 2023

Business, Lamonphet Apisitniran, Published on 06/05/2023

» Construction materials producer SCG Cement-Building Materials expects cement consumption this year to grow by 1-2% year-on-year to more than 30 million tonnes, mainly attributed to the tourism recovery.

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BUSINESS

Investment in factories creates 30,000 jobs in H1

Business, Lamonphet Apisitniran, Published on 03/05/2023

» Thailand built or expanded 1,211 factories during the first half of fiscal 2023 with an investment value of 113 billion baht, generating more than 30,000 jobs, according to the Industry Ministry.