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BUSINESS

Car production down in 2019

Piyachart Maikaew, Published on 22/01/2020

» Car production fell 7.1% year-on-year in 2019 to 2.014 million units on contractions of both local sales and exports, the Federation of Thai Industries reported on Wednesday.

BUSINESS

FTI has modest view for 2020 output

Business, Piyachart Maikaew, Published on 23/01/2020

» The Federation of Thai Industries (FTI) has a conservative outlook for car production in 2020, staying at 2 million units because of many global economic difficulties.

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BUSINESS

Car sales projected to fall 6.7%

Piyachart Maikaew, Published on 23/01/2020

» Toyota Motors Thailand expects overall domestic car sales to drop 6.7% to 940,000 units in 2020, as the market faces challenges from a shrinking global economy, tightened loan conditions by local banks and lower consumer confidence.

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BUSINESS

Swag EV lines up electric scooter plant

Business, Piyachart Maikaew, Published on 24/01/2020

» Singaporean startup Swag EV plans to establish an assembly plant for electric scooters in Thailand next year to take advantage of the large motorcycle supply chain locally, reducing assembly costs.

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BUSINESS

Toyota reels from strong baht but still banks on local plants

Business, Piyachart Maikaew, Published on 24/01/2020

» Toyota Motor Thailand is feeling the pinch of baht appreciation and has a negative outlook on car and auto part exports in 2020.

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BUSINESS

Nissan vows to initiate hybrid investment in 2020

Business, Piyachart Maikaew, Published on 07/01/2020

» Nissan Motor Thailand has confirmed the beginning of an almost 11-billion-baht investment to produce hybrid vehicles with its e-Power technology this year at facilities in Samut Prakan.

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BUSINESS

Gulf forms JV to supply utility services for One Bangkok

Piyachart Maikaew, Published on 10/01/2020

» SET-listed Gulf Energy Development Plc on Friday announced a joint venture for power distribution and a district cooling system for the country's largest mixed-use project, One Bangkok

BUSINESS

Businesses ready to roll with clear 5G timeline

Business, Piyachart Maikaew, Published on 16/01/2020

» Business operators are keen on 5G adoption after seeing a clear-cut schedule from the National Broadcasting and Telecommunications Commission (NBTC) to proceed with 5G licence auctions next month.

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BUSINESS

Car market confident 2020 sales will hit 1m

Business, Piyachart Maikaew, Published on 29/11/2019

» Local car distributors remain optimistic that the car market will reach 1 million sold for a third straight year in 2020, with an economic recovery predicted in next year's second half.

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BUSINESS

Mazda budgets B1bn to refresh AAT plant

Business, Piyachart Maikaew, Published on 11/12/2019

» Mazda Sales Thailand, the local arm of the Japanese car maker, plans to allocate roughly 1 billion baht to improve its local manufacturing site in Rayong for 2020.