Car production in Thailand rose 4.02% in January from a year earlier to 157,844 units, helped by higher exports, the Federation of Thai Industries (FTI) said on Tuesday. Domestic sales, however, fell 5.58% in January from a year earlier, after December’s 9% decline on-year, due to a lack of semiconductors in some car models, Surapong Paisitpattanapong, […]
Read MoreThe Bank of Thailand is considering whether to extend the transformation loan facility supporting small and medium-sized enterprises (SMEs) hit by the pandemic with a view to improving their operations over the longer term. The SME transformation loan facility under the Soft Loan Emergency Decree is scheduled to expire on April 9. The central bank has […]
Read MoreAlipay Thailand expects mobile payments made by Chinese travellers in Thailand to surge this year thanks to China’s reopening. During Chinese New Year between Jan 21-27, Alipay mobile app payment volumes made by Chinese visitors in Thailand grew by 150% year-on-year. Chinese visitors stayed in the country for an average of 4.18 days during the […]
Read MoreThailand wants to sign mini-free trade agreements (mini-FTAs) with the Chinese city of Shenzhen and the province of Yunnan in March and April, respectively, after the mini-FTA with Hainan resulted in a significant growth of Thai exports. Commerce Minister Jurin Laksanawisit said that after discussions in Bangkok with Shen Danyang, the executive vice-governor of China’s Hainan province, […]
Read MoreThe Federation of Thai Industries (FTI) is gripped with a fresh worry over the influx of inexpensive Chinese goods following China’s reopening, though Beijing’s policy is good for the tourism sector. Thailand will barely compete in the international trade arena because enterpreneurs currently cannot control production costs due to higher energy bills and wages than those in […]
Read MoreThai banks’ non-performing loans stood at 2.73% of total lending at the end of December 2022, down from 2.77% at the end of September, helped by debt restructuring, the central bank said on Monday. The banking system remained strong with high levels of capital, loan-loss provisions and liquidity and was able to support the economic recovery […]
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