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BUSINESS

BYD overtakes LG as world's No.2 EV battery supplier

South China Morning Post, Published on 06/06/2023

» BYD, backed by Warren Buffett's Berkshire Hathaway, has gone past LG Energy Solution as the world's second-largest electric vehicle (EV) battery producer, reinforcing China's dominance of the industry as EV adoption picks up pace globally.

BUSINESS

Baht has worst day in two weeks

Reuters and Online Reporters, Published on 06/06/2023

» The Thai baht led losses amid mixed trade in most Asian currencies on Tuesday, as US economic data pointed to sluggish growth in the country’s services sector, strengthening the case for a pause in interest rate increases by the Federal Reserve next week.

BUSINESS

Exports seen rising up to 1% this year

Reuters, Published on 06/06/2023

» Thailand's exports are likely to be flat or rise up to 1% this year as global demand has slowed but a weak baht is providing support, the Thai shippers' council said on Tuesday.

BUSINESS

Headline inflation lowest in 21 months

Reuters, Published on 06/06/2023

» Thailand's headline inflation rate dropped to its lowest in 21 months in May due to falling energy and food prices and a high base in 2022, the Commerce Ministry said on Tuesday.

BUSINESS

Mice returns to Asia after long absence

Business, Narumon Kasemsuk, Published on 06/06/2023

» With demand for on-site Mice (meetings, incentives, conferences and exhibitions) activities bouncing back after the pandemic, Asian nations are dusting off exhibition venues and ramping up marketing plans to welcome international visitors once again.

BUSINESS

Lion to expand into pet market

Business, Pitsinee Jitpleecheep, Published on 06/06/2023

» Lion Corporation Thailand, a manufacturer of consumer goods including Pao detergent, Kodomo baby powder and Shokubutsu oral care, is expanding into the country's 40-billion-baht pet market.

BUSINESS

WHAUP to acquire assets in Vietnam

Business, Yuthana Praiwan, Published on 06/06/2023

» SET-listed WHA Utilities and Power (WHAUP), which provides utilities under Thailand's biggest industrial land developer and operator, is planning to acquire new wind and solar power generation facilities with a capacity of 50-100 megawatts in Vietnam to benefit from growing energy demand there.

BUSINESS

Data exchange to fight tax evasion

Business, Wichit Chantanusornsiri, Published on 06/06/2023

» Starting this month, the exchange of financial information should help combat transnational tax evasion, says director-general of the Revenue Department Lavaron Sangsnit.

BUSINESS

Food industry looks to the future

Business, Phusadee Arunmas, Published on 06/06/2023

» Thailand's future food industry is projected to grow 5% this year, driven by emerging trends and increasing demand for healthier and more environmentally friendly food options.

BUSINESS

Thailand at risk of drought as water demand outstrips supply

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

» Thailand is at risk of water scarcity in the eastern region, where the government's flagship investment project Eastern Economic Corridor (EEC) is being developed, as water demand grows while supply is limited, says the Federation of Thai Industries (FTI).