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BUSINESS

Flooding leads to downgrade of GDP forecast

Phusadee Arunmas, Published on 02/12/2025

» The University of the Thai Chamber of Commerce (UTCC) has reduced its economic growth projection to 1.9% this year from 2%, mainly due to the Hat Yai floods, which are expected to cause losses of at least 40 billion baht.

BUSINESS

Apple AI chief leaving as iPhone maker plays catch-up

AFP, Published on 02/12/2025

» SAN FRANCISCO — Apple on Monday said the head of its artificial intelligence (AI) team is stepping down, and the effort is to be led by a veteran engineer from Google and Microsoft.

BUSINESS

Thailand's key tech, car parts hub 'paralysed' by record floods

Reuters, Published on 02/12/2025

» The floods that have devastated much of Thailand's South, claiming at least 181 lives, have “paralysed” the flow of high-tech components and car parts from Hat Yai district, potentially benefiting rival exporters in Indonesia and Vietnam, the Ministry of Commerce reported on Tuesday.

BUSINESS

Vietnam 2025 rice exports seen falling 11.5% on Philippines import ban

Reuters, Published on 02/12/2025

» HANOI- Vietnam's rice exports are forecast to fall 11.5% this year to around 8 million metric tonnes due to a sharp fall in shipments to the Philippines, the chairman of the country's food association said on Tuesday.

BUSINESS

China floods the world with gasoline cars it can't sell at home

Reuters, Published on 02/12/2025

» WARSAW — China's electric vehicle (EV) industry captured half its domestic market in just a few years, crushing sales of gasoline-powered vehicles from once-dominant global automakers.

BUSINESS

YouTrip to expand into Australia after Thailand

Reuters, Published on 02/12/2025

» SINGAPORE — Singapore-based fintech firm YouTrip said on Tuesday it will launch in Australia, its first new market since the coronavirus 2019 (Covid-19) pandemic, aiming to use it as a springboard for further expansion into other high-travel Asia-Pacific markets.

BUSINESS

What's next for China's economy in 2026 - and how it plans to tackle challenges

South China Morning Post, Published on 02/12/2025

» After a turbulent year marked by the trade war and domestic headwinds, China will head into 2026 cautiously as it grapples with structural challenges to growth.

BUSINESS

Intel pledges $208 million Malaysia chip investment

Bloomberg News, Published on 02/12/2025

» KUALA LUMPUR — Intel Corp will invest an additional 860 million ringgit (US$208 million) to make Malaysia its assembly and testing operations centre, according to Prime Minister Anwar Ibrahim, giving a boost to the Southeast Asian nation’s critical role in the global semiconductor supply chain.

BUSINESS

Airbus to inspect hundreds of A320 jets for defective panels

Bloomberg, Published on 02/12/2025

» Airbus must inspect hundreds of its bestselling A320 jets for potential quality flaws in the aircraft’s body, an arduous process that risks complicating the company’s last-ditch effort to meet its delivery target.

BUSINESS

China–Thailand QR payments made seamless for travellers

Post Reporters, Published on 02/12/2025

» Chinese tourists visiting Thailand can now enjoy easier payments, thanks to expanded, interoperable quick response (QR) code services enabled by deepening cross-border collaboration between the two countries. The initiative is powered by UnionPay’s global payment capabilities and QR infrastructure from UnionPay International (UPI).