FTI sanguine on vehicle output, buyer confidence

FTI sanguine on vehicle output, buyer confidence

FTI sanguine on vehicle output, buyer confidence Car manufacturing is expected to increase by 5.12% to 1.5 million units this year from 1.42 million units last year as the Federation of Thai Industries (FTI) pins hopes on the state’s ability to get the ongoing outbreak under control to bring Thailand back on track towards economic…

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Future of Thai department stores is being redefined

Future of Thai department stores is being redefined While department stores have been a familiar destination for Thai people for many decades, CBRE, an international property consultant, is witnessing a decline in popularity and stunted growth, particularly in 2020 when Covid-19 adversely impacted the sector. CBRE believes that to adapt to e-commerce disruption and the…

Making palm oil more sustainable

Making palm oil more sustainable Helping oil palm smallholders adopt more responsible practices is key to reducing the industry’s environmental impact. Palm oil has long been a major economic backbone of Southeast Asian economies, notably Indonesia, Malaysia and Thailand. But the undeniable environmental impact of extensive deforestation, haze and forest fires caused by oil palm…

Thai Air Asia says new Covid outbreak has destroyed business

Thai Air Asia says new Covid outbreak has destroyed business The executive chairman of Asia Aviation, the largest shareholder in Thai Air Asia, says the Covid-19 resurgence has destroyed the low-cost carrier. Tassapon Bijleveld says that even without a national lockdown, bookings have plummeted. “Travel sentiment has plunged lower than last year. This is different…

No dine-in service at Bangkok restaurants after 9 pm

No dine-in service at Bangkok restaurants after 9 pm Bangkok officials announced a ban on dine-in services at restaurants after 7 pm, but PM Prayut Chan-o-cha quickly changed the order to allow people to eat at the restaurants until 9 pm, saying an earlier-hour ban would have a negative impact on the restaurant owners and…

Thailand plans large-scale 5G adoption by next year

Thailand plans large-scale 5G adoption by next year Thailand could adopt a large-scale 5G network by next year. The fifth generation wireless technology has higher speeds, lower latency and the ability to connect more devices. The National Broadcasting and Telecommunications Commission, or NBTC, says they are ahead of schedule. Along with the mass adoption of…

Bangkok’s commercial property market struggles through 2020

Bangkok’s commercial property market struggles through 2020 This year Thailand’s developers had to work around the effects of government lockdowns and restrictions because of the Covid-19 pandemic. Indeed significant changes have occurred to the commercial property market in Thailand. CBRE Research reports that the Bangkok office market suffered a significant change in the net up-take,…