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Thailand: Factory output unexpectedly falls

Thailand’s manufacturing production index (MPI) in October dropped 3.71% from a year earlier, due to weaker exports and refinery maintenance shutdowns, the Industry Ministry said on Wednesday. The figure compares with a forecast rise of 1.2% in factory output for October in a Reuters poll, and after September’s revised 3.34% rise year-on-year. Source: https://www.bangkokpost.com/business/2449732/thai-factory-output-unexpectedly-falls-3-71-y-y-in-oct

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Thailand: Cabinet approves tax on share sales

The cabinet has approved a financial transaction tax on individual stock investors, ending a four-decade waiver. According to Finance Minister Arkhom Termpittayapaisith, Tuesday’s decision aims to create fairness in the tax system between securities traders in the stock market and people who do not interact with the Thai bourse. The financial transaction tax on share sales […]

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Thailand predicted to fail on EV target

Thailand is likely to miss its ambitious target of electric vehicles (EVs) comprising 50% of locally made vehicles by 2030 for a variety of reasons, notably high energy prices and limited EV charging facilities, says global management consultancy Arthur D. Little. The company expects EVs to make up only 7% of Thailand’s locally made vehicles by […]

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Global consumer trends for 2023

Five trends are emerging that have the potential to have an impact on global consumer markets in 2023, over the next five years and beyond, according to Mintel, the international market research firm. Centred around seven core drivers of consumer behaviour — identity, rights, surroundings, experiences, technology, well-being and value — the trends are: Me Mentality: […]

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