Despite a downward trend in fuel prices, airlines remain cautious about energy costs and still have to maintain low fare promotions to sustain travel demand. Tassapon Bijleveld, acting chief executive of Thai AirAsia X, said the situation regarding fuel prices has seen a gradual improvement which benefitted operational costs. However, the current price is still […]
Read MoreThailand’s last-mile delivery business is expected to grow 10-15% to 98 billion baht in 2022 despite intense competition and rising fuel costs, says Kasikorn Research Center (K-Research). But the growth will be slower than in 2021, which saw a surge of 41%, whipped up by the pandemic-induced lockdowns and a shift in people’s shopping behaviour […]
Read MoreThailand’s motorcycle industry is being hit by the ongoing global semiconductor shortage, which caused production to fall by 1.26% year-on-year to 1.24 million units during the first half of 2022, says the Federation of Thai Industries (FTI). New registrations of motorcycles in the hybrid electric vehicle (HEV) segment also plunged by 83.4% year-on-year to 191 […]
Read MoreThe baht opened at 36.12 to the US dollar on Tuesday, weakening from Monday’s close of 36.08. The currency is expected to move between 36 and 36.20 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the market is being cautious and may pressure the baht to weaken, especially if foreign investors […]
Read MoreThailand’s exports are expected to grow at least 6% this year after a strong first half, helped by higher food exports and a weak baht, the head of a shippers’ group said on Monday. If annual shipments increase just 5% in the second half of the year, shipments will rise 8.7% for the whole year, […]
Read MorePrime Minister Prayut Chan-o-cha has ordered the Energy Regulatory Commission to postpone its planned increase in the cost of electricity next month, according to an informed source. The ERC had intended to announce on Monday a new power tariff that would be the highest ever, to be effective from September to December. The ERC had […]
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Thailand
