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BUSINESS

Honda to scale back on EVs, Nissan plans workforce reduction

Reuters, Published on 20/05/2025

» TOKYO — Honda Motor said on Tuesday that it was scaling back its investment in electric vehicles (EVs) given slowing demand and would be focusing on capturing growing demand for hybrids with new models.

BUSINESS

Thailand's fuel consumption ticks up y/y in Q1

Yuthana Praiwan, Published on 16/05/2025

» Thailand's fuel consumption rose by 1.3% year-on-year to 158.6 million litres per day (MLD) in the first quarter, with diesel and gasohol usage falling, in line with economic circumstances in early 2025, says the Department of Energy Business.

BUSINESS

UHG to sink B1.5bn into hotel expansion

Business, Kanana Katharangsiporn, Published on 09/05/2025

» Commercial property developer UHG plans to invest 1.5 billion baht to expand its hotel portfolio in fringe areas of Bangkok and convert office space on Lat Phrao Soi 4 into hotel rooms, capitalising on tourism and escaping the oversupplied office market.

BUSINESS

Anabuki plans to sink B1bn into residential market

Business, Kanana Katharangsiporn, Published on 06/05/2025

» Japanese developer Anabuki Group is planning to invest more than 1 billion baht in Thailand's residential market over the next five years, eyeing low-rise condos that have garnered greater interest following the recent earthquake.

BUSINESS

Trump plans 100% levy on foreign films, deepening trade war

Bloomberg, Published on 05/05/2025

» President Donald Trump announced on Sunday that he plans to impose a 100% tariff on films produced overseas, extending his restrictive trade policies on US imports to the entertainment sector for the first time.

BUSINESS

State enterprises disburse 30% of investment budget

Business, Wichit Chantanusornsiri, Published on 02/05/2025

» At the end of March, state-owned enterprises had disbursed 30% of their total investment budget, which was set at 258 billion baht.

BUSINESS

Jorakay eyes 10% growth as overseas sales boom

Business, Kanana Katharangsiporn, Published on 01/05/2025

» Jorakay Corporation, a manufacturer of tile adhesive, grouting products and construction chemicals, is targeting 10% sales growth this year as its key export markets in Southeast Asia remain unaffected by US tariffs.

BUSINESS

Lucky Flame frets over possible influx of foreign-made cookers

Business, Kuakul Mornkum, Published on 30/04/2025

» Lucky Flame Co Ltd, a Thai manufacturer and distributor of gas cookers and pressure regulators, is calling on the government to implement mandatory Thai Industrial Standard (TIS) certification on all foreign gas cookers sold in Thailand.

BUSINESS

NT, SpaceSail upbeat on tie-up opportunities

Business, Komsan Tortermvasana, Published on 29/04/2025

» State enterprise National Telecom (NT) has entered into a partnership with Chinese satellite company Shanghai Spacesail Technologies Co Ltd (SpaceSail) to strengthen the country's digital economy and digital infrastructure through the broadband internet connectivity of SpaceSail's low-Earth orbit (LEO) network.

BUSINESS

Is the EV sector losing its drive?

Business, Lamonphet Apisitniran, Published on 26/04/2025

» Whether the number of locally made electric vehicles (EVs) increases year-on-year remains murky as domestic car sales have slumped since the start of the year.