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BUSINESS

Tourism spurs manufacturing uptick

Business, Lamonphet Apisitniran, Published on 01/07/2023

» Thailand's manufacturing production index (MPI) fell by 3.14% year-on-year to 94.8 points in May because of an export slowdown, although the reading improved from April thanks to the tourism recovery, says the Office of Industrial Economics (OIE).

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BUSINESS

EconThai glum on second-half outlook

Business, Lamonphet Apisitniran, Published on 20/06/2023

» The domestic economy may slow down in the second half of the year due to a number of problems, ranging from looming drought and political uncertainties to a sluggish global economy, says the Employers' Confederation of Thai Trade and Industry (EconThai).

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BUSINESS

R&D lab to play a part in boosting JSP's revenue

Business, Lamonphet Apisitniran, Published on 22/06/2023

» JSP Pharmaceutical Manufacturing (Thailand) Plc, a distributor of medicines and nutritional supplements, expects revenue to grow by 30% this year, partly driven by the launch of its research and development service to cater to the growing medicine industry.

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BUSINESS

BoI urges Thai startups to innovate

Business, Lamonphet Apisitniran, Published on 24/06/2023

» The Board of Investment (BoI) has joined hands with the National Innovation Agency to encourage local startups to come up with new business ideas as part of efforts to promote more investments in the country.

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BUSINESS

Sugar cane decline to hit KSL production

Business, Lamonphet Apisitniran, Published on 16/06/2023

» Khon Kaen Sugar Industry Plc (KSL), Thailand's third-largest sugar producer by sales volume, expects sugar cane output for its factories to decrease by 10-15% to 5 million tonnes in the new 2023-24 crop year because of drought.

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BUSINESS

Thantawan keen to support BCG efforts

Business, Lamonphet Apisitniran, Published on 13/06/2023

» Thantawan Industry Plc, a plastic manufacturer and developer of innovative products, aims to produce more eco-friendly products to support the government's bio-, circular and green (BCG) economic development efforts.

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BUSINESS

Training event slated as part of bid to upgrade agro-processing

Business, Lamonphet Apisitniran, Published on 14/06/2023

» The Office of Industrial Economics (OIE) is pushing ahead with a plan to improve the agro-processing industry across six countries under the Mekong-Lancang Cooperation (MLC) pact by exploring the status of agrobusiness in Myanmar.

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BUSINESS

Sentiment declines again last month

Business, Lamonphet Apisitniran, Published on 15/06/2023

» Delays in establishing a new coalition government were partly blamed for a drop in the Thailand Industry Sentiment Index (TISI) for a second consecutive month, with the May reading at 92.5 points, down from 95 in April.

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BUSINESS

Alarm over weather-related threats

Business, Lamonphet Apisitniran, Published on 08/06/2023

» Drought, floods and other extreme weather exacerbated by climate change could cause damage worth 36 billion baht to the Thai economy this year, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).

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BUSINESS

Industry federation calls for greater business cooperation with Beijing

Business, Lamonphet Apisitniran, Published on 09/06/2023

» The Federation of Thai Industries (FTI) wants to increase Chinese investment in Thailand, especially in the electric vehicle (EV), food and healthcare segments, by advocating more business cooperation with Beijing.