Thailand ready to attend RCEP trade deal Thailand is ready to attend the signing of the long-awaited Regional Comprehensive Economic Partnership (RCEP) at the 37th Asean Summit under the chairmanship of Vietnam next week. It will be the first-ever virtual signing of an agreement Asean has undertaken, a Foreign Ministry official said on Thursday. The…
Thai private sector expects better economic recovery in Q4 The JSCCIB now expects the Thai economy in Q4, 2020 to continue recovering, with the annual performance this year expected to shrink to within the margin of -7 to -9 percent. BANGKOK (NNT) – The Thai economy is receiving a boost from government aid measures and…
Thailand BOI Approves New electric vehicles (EV) Package The new promotional package, which replaces the first EV package which expired in 2018, covers a comprehensive range of electrical vehicles, namely passenger cars, buses, trucks, motorcycles, tricycles, and ships. The Thailand Board of Investment (BOI) today approved the roll out of a comprehensive set of incentives…
Thailand’s E&E, Food, Auto and Medical Sectors Lead Jan-Sep Rise in Investment, BOI Applications Data Shows BANGKOK, Nov. 5, 2020 /PRNewswire/ — Sustained commitment to Thailand by both foreign and local companies resulted in a slight increase in the number of investment applications in the January-September period to 1,098, as firms in targeted sectors including electrical and electronics (E&E),…
Volvo Cars Thailand launches an expansive new warehouse in Thailand “VOLVO CAR THAILAND CENTRAL DISTRIBUTION & TRAINING CENTER (VCT CDTC)” Creating the ultimate one-stop Volvo hub in ASEAN complete with a distribution center, vehicle inspection center, spare parts warehouse, training center, and a performance testing center for the media all housed in the one place…
Biden win would boost Thai economy: Research house BANGKOK (The Nation/ANN) — If Democratic candidate Joe Biden wins the US presidential election as polls predict, it will be a boon for US, global and Thai economies, said Kasikorn Research Centre. Americans are voting in the high-stakes election on Tuesday, though about 100 million have voted…
Inequality likely after economic recovery – Bank of Thailand governor It’s expected to take at least 2 years for Thailand’s economy to recover, but once it does, inequality is likely to become a top concern, according to the Bank of Thailand governor Sethaput Suthiwart-Narueput. “It is expected to take at least two years before the…
Great Wall Motor (China) takes over GM factory in Thailand The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum. Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong…
Thai Airways to launch one-off flight over sacred Buddhist sites Thai Airways has announced a special flight on November 30 that will give passengers the opportunity to chant Buddhist mantras while flying over 99 sacred sites in the Kingdom. Wiwat Piyawiroj, executive vice-president at the struggling national carrier, says passengers will fly over Bangkok and…
Government to consider rescue packages for tourism businesses in South The government will hold a mobile Cabinet meeting in Phuket today to consider potential rescue packages for tourism-related businesses that have been ravaged by the closure of international borders. The proposals, which include soft loans for airlines and other businesses, come after PM Prayut Chan-o-cha…