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BUSINESS

Thailand steps up efforts to lure ‘future industries’

Chairith Yonpiam, Published on 02/01/2025

» The Thai government aims to attract more investments in five core “future industries” by vastly improving the ease of doing business through amended laws and regulations, according to Jirayu Houngsub, spokesman for the Prime Minister’s Office.

BUSINESS

Chinese stocks tumble in worst start to a year since 2016

Bloomberg, Published on 02/01/2025

» Chinese stocks posted their worst start to a year in nearly a decade as investors braced for economic uncertainties with weaker-than-expected manufacturing data and an anticipated hike in tariffs.

BUSINESS

Malaysia grants WeChat, TikTok licences to operate under new law

Reuters, Published on 02/01/2025

» KUALA LUMPUR - Malaysia's communications regulator said it granted Tencent's WeChat and ByteDance's TikTok licences to operate in the country under a new social media law, but that some other platforms had not applied.

BUSINESS

Government expects Bank of Thailand chairman decision soon

Bloomberg News, Published on 02/01/2025

» The government expects a selection panel to quickly conclude the process of choosing a new Bank of Thailand chairman after previous nominee Kittiratt Na Ranong was was deemed unsuitable due to his ties with the Pheu Thai Party.

BUSINESS

Thai economic uncertainty increasing, central bank minutes say

Reuters and Online Reporters, Published on 02/01/2025

» Uncertainty about the Thai economy has increased significantly, primarily due to the unclear impact of possible US economic policies, minutes of the most recent Bank of Thailand policy meeting showed on Thursday.

BUSINESS

Push to expedite shallot exports

Business, Phusadee Arunmas, Published on 02/01/2025

» The Ministry of Commerce will tackle the challenges of exporting shallots to Indonesia and Vietnam. The move aims to stabilise shallot prices for farmers ahead of the peak harvest season.

BUSINESS

EV charging firm Sharge aims to expand client base

Business, Yuthana Praiwan, Published on 02/01/2025

» Sharge Management Co, a provider of charging systems for battery-powered vehicles, is targeting logistics and express delivery operators for new customers in order to rapidly expand its client base.

BUSINESS

LG Electronics upbeat on outlook for 2025

Business, Kuakul Mornkum, Published on 02/01/2025

» LG Electronics (Thailand) anticipates a promising outlook for the Thai electrical appliance market in 2025, driven by a tourism recovery that is expected to stimulate the Thai economy.

BUSINESS

Korat hopes Unesco sites will spur visitor numbers

Business, Molpasorn Shoowong, Published on 02/01/2025

» A sluggish economy and disputes over the planned transformation of land in Wang Nam Khieo district led tourism in Nakhon Ratchasima to grow at a slower rate than expected in 2024, according to Jim Thompson Farm.

BUSINESS

Thai luxury car sales fell 25% in 2024

Business, Lamonphet Apisitniran, Published on 02/01/2025

» Domestic sales of luxury cars in Thailand were estimated at 30,000 in 2024, down 25% from 40,000 the year before, as prospective buyers have been unable to avoid the impact of the sluggish economy, says Wearnes Automotive Thailand, the importer of Lotus Cars, the British premium sports car maker.