Federation of Thai Industries
- Covid-19 News
Thai industry body confident government will curb spread of Omicron variant
The Federation of Thai Industries says it believes the government can slow the rate of Covid-19 infection, despite the alert level being raised yesterday. The level moved from 3 to 4, with officials asking people to work from home if possible and to avoid all non-essential travel. However, Kriengkrai Thiennukul from the FTI is confident Thailand will cope. “The FTI…
- Thailand News
Thai car production expected to grow
Car production in Thailand is expected to grow, according to the Federation of Thai Industries. With the rates of Covid-19 infections falling and the careful management of the semiconductor shortage, the target of 1.6 million units is expected to be surpassed. Lockdowns and other restrictions are being eased in many countries that buy cars produced in Thailand, which means that…
- Thailand video news
Thailand News Today | Tropical storm update, Thanathorn faces judgment | October 13
The Prime Minister’s announcement of a November 1st reopening has sparked mixed reactions from different sectors. Meanwhile, Phuket and Koh Samui said they’re easing entry restrictions for domestic arrivals, and authorities are warning, yet again, of another tropical storm.
- Tourism News
Thai industry bodies encouraged by tourism re-opening plan
The chairman of the Federation of Thai Industries has welcomed the plan to re-open Thailand to vaccinated tourists from low-risk countries. Supant Mongkolsuthree says the planned November 1 re-opening will accelerate economic growth and increase business confidence. According to a Bangkok Post report, Supant predicts the return of foreign tourism could see GDP growth achieve its target of 0% –…
- Economy News
Industry body says Thai government must borrow another 1 trillion baht
The chairman of The Federation of Thai Industries is calling on the government to borrow another 1 trillion baht to kick-start the economy in 2022. Supant Mongkolsuthree says the extra funds are desperately needed to boost an economy devastated by the fallout from the pandemic. According to a Bangkok Post report, he says the government’s borrowing of 500 billion baht…
- Covid-19 News
Private sector says lockdowns won’t work without vaccines, mass testing
Industry representatives in Thailand say Covid-19 lockdowns won’t work unless accompanied by mass screening and vaccination. Supant Mongkolsuthree from the Federation of Thai Industries has expressed scepticism that the proposed tightening of restrictions in 13 high-risk provinces will bring the virus under control. Instead, he says the proposal could cost the economy around 100 billion baht and will be ineffective…
- Covid-19 News
Thai industry representatives call on Health Minister to roll out vaccines in factories
Public Health Minister Anutin Charnvirakul will meet with the Federation of Thai Industries next week as the FTI calls for Covid-19 vaccines to be rolled out in factories. FTI chairman Supant Mongkolsuthree says the factory rollout is a priority as the surge in infections is causing some sites to close. To date, just 10% of around 10 million industrial workers…
- Environment News
Calls for factories to be moved out of residential areas after blaze at plastics plant
The Federation of Thai Industries is calling on the government to move factories away from residential neighbourhoods, following the devastating blaze in Samut Prakan, outside Bangkok. According to a Bangkok Post report, FTI chairman Supant Mongkolsuthree suggests factory owners could be given incentives to relocate, such as a reduction in corporate income tax and land tax. “Factory relocation requires support…
- Covid-19 News
Multiple business associations oppose lack of Bangkok lockdown
After the government announced yesterday a one-month closure of construction camps, the Federation of Thai Industries and many other business associations complained that the action was too weak. The FTI and other business groups believe that a full lockdown is necessary to control Covid-19 outbreaks in Bangkok and half-measures like this are ineffective at best. The federation is one of…
- Covid-19 News
Thai industry body says government may miss vaccination target due to supply issues
The Thai government is being warned that ongoing issues with Covid-19 vaccine supply may cause it to miss its target of obtaining 10 million doses in June. The Federation of Thai Industries says the supply problems will impact the country’s vaccination rollout and is calling on the government to accelerate the process by allowing private companies to import doses from…
- Covid-19 News
Thai businesses frustrated over limited choice of vaccines, slow pace of rollout
Business and tourism representatives are expressing growing anger over the slow pace of Thailand’s vaccine rollout and the limited number of vaccines on offer. Their frustration comes as other countries around the world begin to see encouraging results from their vaccination efforts. And, while the latest rise in Covid-19 infections can be partly attributed to the presence of the so-called…
- Covid-19 News
Industry representatives call on government to prioritise vaccination, include tourism workers in first rollout
The Joint Standing Committee on Commerce, Industry and Banking is urging the government to make the rollout of Covid-19 vaccines a national agenda and to prioritise those working in the tourism industry. According to a Bangkok Post report, the JSCCIB says tourism workers need to be vaccinated to keep them safe while interacting with travellers. It has also suggested that…
- Business News
PM urges Thai industry representatives to adjust to “new normal”
PM Prayut Chan-o-cha is urging Thai business representatives to accept and adapt to the new way of doing things in the aftermath of the Covid-19 crisis. He was speaking during a meeting with the Federation of Thai Industries, where he called for the private and civil sectors to work with the government to get the economy going again. In talks…
- Covid-19 News
Thailand’s GDP to contract up to 5% for 2020 – business thinktank
Thailand’s GDP is expected to contract between 3-5% for 2020, and exports by up to 10%. The predictions from Suphan Mongkolsuthee, president of the Federation of Thai Industries and chairman of the private sector joint committee. He also believes that the Thai economy has probably reached its ‘low point’ and will start recovering from now. He said that, as the…
- Business News
Industry group calls for further cut in Thai policy interest rate
“Thai private sector, recently adjusted downward the export growth projection for this year to 2.9 – 3%.” The Federation of Thai Industries have their hopes set on the Monetary Policy Committee of the Bank of Thailand making another cut in the policy interest rate, currently set at 1.5%. With the US Fed looking to drop its interest rate this week,…
