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BUSINESS

THG set to spend B5bn on projects from 2023-25

Business, Lamonphet Apisitniran, Published on 17/03/2023

» SET-listed Thonburi Healthcare Group Plc (THG) will spend 5 billion baht between 2023 and 2025 funding various investment projects, including the construction of new hospitals in Thailand and Vietnam, as it aims to benefit from the full reopening of countries.

BUSINESS

Borneo Technical upbeat on revenue outlook this year

Business, Lamonphet Apisitniran, Published on 21/03/2023

» Borneo Technical (Thailand), an importer and distributor of industrial and automotive products, aims to benefit from the entry of more Chinese electric vehicle (EV) makers into Thailand, increasing revenue by 10-15% this year to 3.5 billion baht.

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BUSINESS

Pricey power bills expected to ease

Business, Lamonphet Apisitniran, Published on 10/03/2023

» Electricity bills are expected to decline from May to August as the fuel tariff (Ft) dips following a decrease in the price of liquefied natural gas (LNG), says Energy Minister Supattana­pong Punmeechaow.

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BUSINESS

Panel downgrades export outlook

Business, Lamonphet Apisitniran, Published on 02/03/2023

» The 2023 export outlook is growing dimmer, with the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) cutting its export forecast to -1% based on the prospect of a global recession.

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BUSINESS

FTI anticipates lower May power tariff

Business, Lamonphet Apisitniran, Published on 02/03/2023

» The Federation of Thai Industries (FTI) expects the new mid-year power tariff, which is used to calculate electricity bills, to not exceed 5 baht per kilowatt-hour (unit) following a drop in liquefied national gas (LNG) prices.

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BUSINESS

BoI talking to semiconductor makers

Business, Lamonphet Apisitniran, Published on 04/03/2023

» The Board of Investment (BoI) is in talks with semiconductor manufacturers from the US and Taiwan to encourage them to expand their production facilities to Thailand, part of government efforts to grow the electric vehicle (EV) industry.

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BUSINESS

Indorama Ventures sees its revenue rising by up to 10%

Business, Lamonphet Apisitniran, Published on 07/03/2023

» Thailand-based chemical producer Indorama Ventures Plc (IVL) expects its revenue to rise by 5-10% in fiscal 2023, driven by growing demand, despite the prospects of a global recession.

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BUSINESS

Thailand claims No.2 rank for bioplastic production

Business, Lamonphet Apisitniran, Published on 24/02/2023

» Thailand is the world's second-largest producer of bioplastic products, serving growing demand overseas thanks to plenty of raw materials to drive manufacturing, says the Thai Bioplastics Industry Association (TBIA).

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BUSINESS

MPI rises 6.6% in January to reach 10-month high

Business, Lamonphet Apisitniran, Published on 01/03/2023

» Thailand's Manufacturing Production Index (MPI) increased by 6.6% from December last year to reach 99.8 points in January, the highest level in 10 months, thanks to more business activity, driven by an uptick in tourism.

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BUSINESS

Steel makers wary of Russian product dumping

Business, Lamonphet Apisitniran, Published on 17/02/2023

» Thai steel manufacturers are worried about an influx of cheap steel products from Russia into Thai and Asean markets, following sanctions on Moscow for its invasion of Ukraine.