Domestic car and motorcycle sales may bear the brunt if Thai financial institutions are affected by the risk of failed banks in the US and Europe, says the Federation of Thai Industries (FTI). The concern was raised after US and European banking executives and regulators stepped in to save California-based Silicon Valley Bank, New York-based Signature […]
Read MoreSET-listed WHA Corporation, the country’s largest developer of built-to-suit logistics facilities, is calling for the next government to take advantage of more foreign investment, especially from China, to boost technology transfers and local employment. Authorities should ensure foreign investment does not solely intensify competition with local entrepreneurs, said Jareeporn Jarukornsakul, chairman and group chief executive of […]
Read MoreCentral Pattana (CPN) is joining forces with WeChat Pay to stimulate Thai tourism, creating a seamless shopping experience for Chinese tourists. Nattakit Tangpoonsinthana, executive vice-president of marketing for CPN, said the Tourism Authority of Thailand forecasts 5-8 million Chinese tourists this year. Chinese were one of the top five source markets for tourists in January […]
Read MoreCar production in Thailand rose 6.39% in February from a year earlier to 165,612 units, as a shortage of microchips eased and car exports increased, the Federation of Thai Industries (FTI) said on Thursday. Car exports climbed 11.42% in February from a year earlier, after January’s 24.28% rise, Surapong Paisitpattanapong, a spokesperson for FTI’s automotive industry division, […]
Read MoreThai exports are expected to contract by 0.5% this year because of the global economic slowdown, according to ttb analytics, the research arm of TMBThanachart Bank (ttb). The most severe contraction is forecast to take place during the first five months of the year, before beginning to recover during the remaining seven months, said Naris Sathapoldeja, […]
Read MoreThe private sector is urging the government to upgrade soft power to a national agenda item and establish a board to directly manage its development. Speaking at a seminar organised by the Thammasat Economics Association of Thammasat University, Vuthithorn Milintachinda, chief executive of Woody World Co, said Thailand has tremendous opportunities to enhance the value of […]
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