Industry Minister Suriya Jungrungreangkit expects Thailand to become a leading country with robotic and automation technology by 2026, following investments in robot-based production systems. The country is emphasising robotics, automation and system integration (SI) development in a move to eventually produce technologies of its own. “Thailand is currently in a middle-term development plan from 2018 […]
Read MoreMore generous economic relief and a clear alternative plan after a missed vaccination procurement target is required, according to 40 CEOs who met Prime Minister Prayut Chan-o-cha remotely to discuss a solution to the pandemic crisis on Wednesday. Thai Chamber of Commerce (TCC) chairman Sanan Angubolkul said the business sector was concerned about the pandemic […]
Read MoreHotel investment in Asia Pacific remained flat in the first half of 2021 with US$3.7 billion in sales, a decline of 3.7% year-on-year, according to JLL Hotels & Hospitality Group. In total, 61 hotel investment deals were transacted in the first half across nine countries and representing over 10,000 rooms. Hotel transaction volumes in the […]
Read MoreOver 20,000 employees from seven airlines are on the verge of losing their jobs if the ban imposed on domestic flights is prolonged to three months without help from the long-awaited 5-billion-baht soft loan from the government, according to the Airlines Association of Thailand (AAT). AAT president, Puttipong Prasarttong-Osoth, said the aviation industry in Thailand […]
Read MoreTris Rating has revised its forecast of Thailand’s 2021 real gross domestic product (GDP) growth downward to 1.0%, from a February forecast of 2.6%, mainly due to the severity of economic fallout from the third wave of the Covid-19 outbreak. The country’s overstretched public health system and slow progress of vaccine rollout will likely cause […]
Read MoreThe Bank of Thailand (BoT) is debating a reduction in interest rates for some consumer loans amid fears that lenders will reject high-risk borrowers and drive them towards loan sharks, an assistant governor said Wednesday. Last month, Prime Minister Prayut Chan-o-cha asked the Bank of Thailand to review the ceiling of interest rates for credit […]
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