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Thailand: Thitikorn closes in on Myanmar firm

SET-listed Thitikorn (TK) is set to finalise the acquisition of a microfinance business in Myanmar next quarter, a move expected to lend support to the company’s goal of having 30% of its loan portfolio come from neighbouring countries by year-end 2020. TK, a leading motorcycle hire-purchase provider in Thailand, is in the process of acquiring […]

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Thailand: Automaker tax aid seen as ‘win-win’

Patchara Anuntasilpa, head of the Excise Department, hinted he personally supports automakers’ tax cut proposal to boost domestic demand, saying it could be a win-win for all. Against the backdrop of a reeling economy, consumers will not purchase new cars if prices are not reduced, which hurts excise revenue, he said. “New assembled cars sitting idle […]

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Thailand: FTI mulls repurposing auto parts plants

The auto parts industry club under the Federation of Thai Industries (FTI) is conducting a study on the feasibility of repurposing domestic auto parts manufacturing plants to make medical devices or aircraft parts instead. Since the Covid-19 outbreak, the automotive and auto parts sectors have seen a considerable drop in demand, with many plants in […]

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Safety tops the tourism agenda

For the past two months or so, many of the world’s popular tourist destinations have been shuttered to visitors, leaving beaches, restaurants, shops, bars and streets almost empty. Now that the world is gradually reopening and people are stepping out again, they are faced with the reality that life today is a lot different from […]

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