Thailand is the world’s second-largest producer of bioplastic products, serving growing demand overseas thanks to plenty of raw materials to drive manufacturing, says the Thai Bioplastics Industry Association (TBIA). The country’s production capacity is 95,000 tonnes a year and manufacturers plan to increase the volume by 75,000 tonnes a year, said Viboon Pungprasert, president of TBIA. […]
Read MoreTHAILAND plans to enlist the services of private companies to boost response to its long-term resident visa programme targeted at highly-skilled foreign workers and wealthy pensioners. The firms will assist government agencies to draw more applications for the 10-year resident visas unveiled last year, according to Narit Therdsteerasukdi, secretary-general of Thailand’s Board of Investment. They […]
Read MoreKasikorn Research Center (K-Research) forecasts household debt-to-GDP will decline to 84-86.5% this year from 86.8% in 2022. Rising interest rates should make individuals more cautious about applying for new loans, said the research house. K-Research estimates the household debt-to-GDP ratio would drop for the second straight year, from 86.8% in 2022 after the ratio peaked […]
Read MoreThe Commerce Ministry remains bullish about Thailand’s foreign investment prospects, forecasting a minimum of 100 billion baht in inflows this year. According to Deputy Commerce Minister Sinit Lertkrai, active foreign investment is supported by the country being fully open in terms of both tourism and investment, as well as anticipated expansion of production bases in Thailand […]
Read MoreSustainability will remain a key trend for fundraising in Thailand, prompting companies to increasingly integrate environmental, social and corporate governance (ESG) considerations into their strategies, says international law firm Baker McKenzie. “Investors these days take into account the ESG policies that companies adopt,” Benja Supannakul, a partner in Baker McKenzie’s financial services practice group, told the company’s […]
Read MoreHotel investors are focused on buying upscale establishments because of high demand from independent guests, instead of hotels targeting mass tour groups, which have unfavourable locations and produce low returns, say Pattaya operators. Thanet Supornsahasrungsi, president of the Chon Buri Tourism Council, said 4- and 5-star properties, or those located near beaches and city centres, are more […]
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