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GENERAL

Hermes, US firm to carry out green hydrogen study

Business, Lamonphet Apisitniran, Published on 19/07/2024

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Industrial estate developer Hermes Cooperation Co is planning to jointly conduct a feasibility study with a US company for a green hydrogen-derived electricity project to serve tech companies interested in investing in data centres and cloud services at the company's new industrial estate in Chon Buri.

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INVESTMENT

Saudi event leads to 100 partnerships

Business, Lamonphet Apisitniran, Published on 16/07/2024

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The latest investment roadshow in Saudi Arabia has led to new opportunities as up to 100 pairs of Thai and Saudi entrepreneurs agreed to forge business partnerships, says the Board of Investment (BoI).

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MOTORING

Zeekr to launch EV range amid sales dip

Lamonphet Apisitniran, Published on 15/07/2024

» Domestic premium car sales plunged by 30% year-on-year during the first half amid the economic slowdown and intensifying competition, fuelled by more Chinese electric vehicles entering the Asian market as a result of the impact of the US-China trade war, says Zeekr Intelligent Technology, a Chinese EV maker under the Zeekr brand.

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MOTORING

Auto parts makers nudged towards medical devices

Business, Lamonphet Apisitniran, Published on 12/07/2024

» The Federation of Thai Industries (FTI) expects to submit a plan this month to the government to support the local medical device business as part of efforts to help auto parts manufacturers diversify into this field.

GENERAL

Saudis encouraged to invest in S-curve sectors

Business, Lamonphet Apisitniran, Published on 11/07/2024

» Thai authorities are preparing to encourage entrepreneurs from Saudi Arabia to invest in S-curve industries here, following their earlier interest in the electric vehicle (EV) industry.

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GENERAL

KSL pulls out investment in Cambodia

Business, Lamonphet Apisitniran, Published on 05/07/2024

» The expansion of the sugar business from Thailand into Cambodia has hit a roadblock as Khon Kaen Sugar Industry Plc (KSL), Thailand's third-largest sugar producer, decided to withdraw its investment because of unfavourable business conditions.

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GENERAL

US-China spat set to boost Thai exports, says panel

Business, Lamonphet Apisitniran, Published on 04/07/2024

» Thai exports should gain from the latest round of the US-China trade war, with growth estimated at 0.8-1.5%, up from an earlier projection of 0.5-1.5%, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).

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INVESTMENT

Board of Investment plan targets data centres, cloud

Business, Lamonphet Apisitniran, Published on 02/07/2024

» The Board of Investment (BoI) is speeding up a plan to promote investment in data centres and cloud services in Thailand, in line with global trends and the government's policy to support digital technology.

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GENERAL

Industrial Estate Authority of Thailand to develop B2.8bn estate with Hermes

Business, Lamonphet Apisitniran, Published on 02/07/2024

» The Industrial Estate Authority of Thailand (IEAT) has joined hands with industrial estate developer Hermes Cooperation Co to co-develop a new estate to support S-curve industries with a budget of 2.8 billion baht.

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MOTORING

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).