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BUSINESS

EV sector may face new chip shortage

Business, Lamonphet Apisitniran, Published on 15/07/2023

» Electric vehicle (EV) manufacturers may encounter another chip shortage following China's recent decision to restrict the export of two metals as a result of the US-China trade dispute, says the Federation of Thai Industries (FTI).

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BUSINESS

Skills-based compensation mooted

Business, Lamonphet Apisitniran, Published on 17/07/2023

» Pledges to hike the daily minimum wage made by major political parties during their election campaigns raised the hopes of blue-collar workers, but sparked grave concerns among businesses.

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BUSINESS

BoI applications catapult by 70% to B364bn in first half

Business, Lamonphet Apisitniran, Published on 11/07/2023

» Applications for investment promotion in the first half of this year soared by 70% year-on-year to 364 billion baht in value, led by foreign direct investment skyrocketing 141% as global companies continue to choose Thailand as a manufacturing base, says the Board of Investment (BoI).

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BUSINESS

Nation urged to find more Middle Eastern investors

Business, Lamonphet Apisitniran, Published on 12/07/2023

» Thailand has the potential to develop more joint investments with Middle Eastern companies that are seeking business opportunities here, says Dubai-based consultancy firm Gulf Analytica.

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BUSINESS

Panel trims export growth forecast

Business, Lamonphet Apisitniran, Published on 06/07/2023

» Dim economic prospects over the next six months have caused the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) to cut its export growth forecast to -2% this year, down from -1%.

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BUSINESS

Svolt preps B1.25bn EV battery factory

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

» Svolt Energy Technology, a Chinese manufacturer of batteries and energy storage systems, is spending 1.25 billion baht to build an electric vehicle (EV) battery factory in Chon Buri to serve Chinese and Japanese EV makers.

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BUSINESS

EEC officials woo French executives

Business, Lamonphet Apisitniran, Published on 08/07/2023

» Thai authorities are encouraging French companies to invest in targeted industries, including aviation, in the Eastern Economic Corridor (EEC).

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BUSINESS

Production hit by export slowdown

Business, Lamonphet Apisitniran, Published on 03/07/2023

» Manufacturers in 25 industries are adjusting their production plans following an export downturn that caused a drop in value for eight consecutive months, says the Federation of Thai Industries (FTI).

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BUSINESS

Japanese eye EEC outlay of B3.7bn

Business, Lamonphet Apisitniran, Published on 28/06/2023

» At least three Japanese firms are expected to invest roughly 3.7 billion baht in industries such as electric vehicles (EVs) and smart electronics in the Eastern Economic Corridor (EEC), says the Industrial Estate Authority of Thailand (IEAT).

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BUSINESS

Manufacturers seek steps to reduce costs

Business, Lamonphet Apisitniran, Published on 29/06/2023

» Manufacturers want the government to boost exports despite facing what appears to be an uphill struggle after witnessing a decline in export value over a period of eight consecutive months, according to the latest survey conducted by the Federation of Thai Industries (FTI).