Showing 1 - 10 of 2,168
Motorbike sales fall as banks cut back on lending
Business, Lamonphet Apisitniran, Published on 27/06/2024
» Thailand's motorcycle manufacturing and sales are declining this year as the economy falters, attributed to high household debt and weak consumer purchasing power, says the Federation of Thai Industries (FTI).
Factories closing as cheap imports flood Thailand
Business, Lamonphet Apisitniran, Published on 27/06/2024
» Many local factories producing electronics, steel and plastics have shuttered this year as purchase orders shrink and cheap imports flood the Thai market, says the Industry Ministry.
Pickup sales hit by faltering economy
Business, Lamonphet Apisitniran, Published on 26/06/2024
» Domestic car sales continue to be a concern, with pure pickup sales plummeting by 40.8% in the first five months of 2024 and likely to keep falling, attributed to a sluggish economy and restricted access to loans, says the Federation of Thai Industries (FTI).
Amata VN forecasts revenue to rise by up to 20%
Business, Lamonphet Apisitniran, Published on 25/06/2024
» SET-listed Amata VN, an industrial estate developer in Vietnam, expects its revenue to increase by 15-20% in 2024, driven by more foreign investment in Vietnam, especially from China, as a result of geopolitical conflicts and the US-China trade war.
Harman building B2.8bn Thai factory
Business, Lamonphet Apisitniran, Published on 24/06/2024
» Harman, a US-based subsidiary of Samsung Electronics, is building its first Southeast Asian factory, with Thailand chosen as its production base to export electronic products for cars.
Khon Kaen Sugar Industry Plc forecasts sugar price edging lower this year
Business, Lamonphet Apisitniran, Published on 21/06/2024
» Global sugar prices are expected to stand at US$0.22-23 per pound in 2024, only slightly lower than a range of 25-26 cents per pound in the first half of this year, which was the highest rate recorded in 12 years, according to Thai sugar producer Khon Kaen Sugar Industry Plc (KSL).
Sentiment dips again in May as layoffs unveiled
Business, Lamonphet Apisitniran, Published on 20/06/2024
» The industrial sector remains lacklustre as the Thai Industries Sentiment Index (TISI) continued to fall in May to 88.5 from 90.3 points, with 15,000 workers losing their jobs since early this year, according the Federation of Thai Industries (FTI).
Vimut seen hitting revenue goal
Business, Lamonphet Apisitniran, Published on 19/06/2024
» The Thai economy is likely to remain sluggish in the second half this year, resulting in fewer visits at privately-run Vimut Hospital, but its operator remains confident of reaching a revenue target of 1.3 billion baht this year, driven by the treatment of foreign patients.
FTI urges auto parts producers to diversify
Lamonphet Apisitniran, Published on 18/06/2024
» Local auto parts manufacturers are being urged to adapt to the technological disruption caused by electric vehicles (EVs) and transition to the production of medical devices, which are expected to have a promising business future, says the Federation of Thai Industries (FTI).
Association sees uptick in used car market
Business, Lamonphet Apisitniran, Published on 14/06/2024
» The used car market is expected to grow in the latter half of this year as financial service providers may ease the lending criteria for prospective buyers, following discussions regarding the stringent loan conditions, says the Association of Used Car.