FTI

  • Thailand NewsShocking hike: Thai industries spark concern over electricity rates

    Shocking hike: Thai industries spark concern over electricity rates

    Thailand’s plan to hike electricity rates later this year could deter foreign direct investment, warned the Federation of Thai Industries (FTI). The alert followed the Energy Regulatory Commission’s (ERC) announcement on Friday, indicating an imminent rise in power bills for both businesses and households. The ERC has proposed three new power tariff options, featuring increases from 11% to 44% above…

  • Business NewsThai auto parts makers pivot to medical devices amid EV shift

    Thai auto parts makers pivot to medical devices amid EV shift

    The Federation of Thai Industries (FTI) plans to present a proposal to the government this month aimed at bolstering the local medical device business. This initiative seeks to assist auto parts manufacturers in diversifying their operations amid the vehicle industry’s transition to electric vehicle (EV) technology. The shift in the industry provides an opportunity for auto parts makers, particularly those…

  • Thailand NewsFTI argues minimum wage hike would primarily benefit migrants

    FTI argues minimum wage hike would primarily benefit migrants

    The Federation of Thai Industries (FTI) is urging the government to reconsider its plan to raise the daily minimum wage to 400 baht nationwide, arguing that the policy would primarily benefit migrant workers rather than stimulate the local economy. Every year, migrant workers from neighbouring countries remit approximately 100 billion baht to their families back home. The FTI contends that…

  • Business NewsThai industries launch initiatives to boost SMEs post-pandemic

    Thai industries launch initiatives to boost SMEs post-pandemic

    New initiatives by the Federation of Thai Industries (FTI) aim to bolster local entrepreneurs, particularly small and medium-sized enterprises (SMEs) still grappling with the effects of the pandemic. The FTI is focusing on critical sectors such as agribusiness and the auto parts industry to foster resilience and growth. Efforts are being made to help SMEs become more competitive through the…

  • Business NewsEnergy Absolute CEO runs for top spot in FTI

    Energy Absolute CEO runs for top spot in FTI

    The race for the top position at the Federation of Thai Industries (FTI) has heated up, as vice-chairman Somphote Ahunai, also the CEO of Energy Absolute, a company specialising in renewable energy and electric vehicles, has thrown his hat into the ring. The FTI, a significant body in Thailand, boasts a membership of over 15,000 nationwide. The current chairman, Kriengkrai…