industry
- Business News
Thailand courts Hungary for investment to boost global influence
Hungary has been courted by Thailand for potential investment opportunities in a bid to broaden the Southeast Asian nation’s global influence or soft power. This strategic call for investment was made by the Deputy Prime Minister of Thailand, Phumtham Wechayachai, in a recent conversation with Sandor Sipos, the Hungarian Ambassador to Thailand. The dialogue, which took place yesterday, comes ahead…
- Business News
Thai-llywood lights, camera, baht! 2023 sees record of 6.6 billion baht roll in from film shoots in Thailand
A record-breaking 6.6 billion baht was generated by over 466 film shoots in Thailand in 2023, marking an impressive 40% increase in revenue from the previous year. This remarkable upturn was largely credited to the production of high-budget films, including a blockbuster with a budget of 3 billion baht. Jaturon Phakdeewanit, the head of the Tourism Department, noted the significant…
- Thailand News
BOI electric push: Thai circuit suppliers charged up with global incentives
Thailand’s Board of Investment (BOI) unleashed a wave of support and several incentives to catapult local electronic circuit suppliers onto the global stage. This commitment aligns with Thailand’s grand vision of becoming Southeast Asia’s electronic industry hub, focusing on the cutting-edge production of Printed Circuit Boards (PCB) and Printed Circuit Board Assembly (PCBA) – the lifeblood of all smart devices.…
- Thailand News
Thailand’s bid to become ASEAN halal haven
Thailand‘s Industry Ministry, under the dynamic leadership of Minister Pimpattra Wichaikul, is set to revolutionise the nation into an ASEAN Halal hub. The minister is gearing up for a high-stakes meeting with Saudi Arabian officials, the powerhouse behind the world’s colossal halal markets. Scheduled to confer with the Saudi Standards, Metrology and Quality Organization (SASO), Pimpattra is on a mission…
- Thailand News
Thailand’s growing spa industry (video)
President of the Thai Spa Association, Sunai Wachirawarakarn, or Nai, talks about the secrets behind Thailand‘s spa industry meteoric rise and unveils the trends reshaping the wellness landscape. The Thai Spa Association, a non-profit powerhouse dedicated to propelling Thailand’s spa industry, boasts 200 privileged members relishing perks like exclusive newsletters, seminars, and high-profile networking events. Across the Middle East, spa…
- Thailand News
Thai PM seeks Japanese investment in country’s EV industry
Thailand Prime Minister Srettha Thavisin is set to persuade top Japanese car manufacturers to invest in Thailand’s burgeoning electronic vehicle (EV) industry, boarded a plane to Japan yesterday. The visit, marking his first to Japan since his tenure as prime minister began, coincides with the 50 Years of the Asean-Japan Friendship and Cooperation Commemorative Summit. Accompanying the 61 year old…
- Business News
Industrial estates in Thailand surge 182% due to foreign manufacturing influx
Industrial land sales in Thailand, managed by the Industrial Estate Authority of Thailand (IEAT), witnessed a dramatic rise of 182% year on year in fiscal this year, totalling 5,693 rai. This substantial increase was due to the migration of foreign manufacturing plants to Thailand and the country’s government’s investment incentives. The sales figures surpassed the previously projected target of 2,500…
- Business News
Banpu’s rare earth pivot for cleaner energy
Banpu, a Stock Exchange of Thailand (SET)-listed company, is planning a strategic shift towards the mining of rare earth, a move anticipated to replace its coal mining operations as the firm prioritises the creation of a cleaner, smarter energy. The company’s interest is especially piqued by the elements required to produce lithium-ion batteries for electric vehicles (EVs). Banpu is in…
- Business News
Power play: FTI cheers new government’s energy cost pledge
The Federation of Thai Industries (FTI) expressed its satisfaction with the newly elected government’s commitment to lowering energy costs and retail diesel prices. Newly inaugurated Prime Minister Srettha Thavisin has prioritised energy price reductions as an early objective of his administration. An immediate cut in energy prices has been promised by the 61 year old Srettha and his Cabinet upon…
- Business News
Map Ta Phut port to see third phase by 2027, IEAT confident
Reports from Thailand indicate that the Industrial Estate Authority of Thailand (IEAT) remains optimistic about presenting the third phase of development of the Map Ta Phut deep-sea port in Rayong by the year 2027. The port, a notable part of ongoing development in the Eastern Economic Corridor (EEC), is seen as an essential addition to Thailand’s infrastructure. Map Ta Phut…
- China News
China’s courier sector sees notable growth, June industry report reveals
China’s courier sector exhibited noticeable growth in June, according to a recently-released industry update. As per the State Post Bureau, the index illustrating the development of express delivery for June showcased a notable increase. Recorded at 366.3, it marked a tectonic jump, expanding by 26.6% compared to the same timeframe the prior year. Parsing the various sub-indices provides an even…
- Business News
China’s industrial output and retail sales miss forecasts, raising recovery concerns
China‘s industrial output and retail sales growth for April fell short of expectations, indicating the economy experienced a further slowdown at the beginning of the second quarter. This comes amid a series of recent data pointing to a shaky post-pandemic recovery. In April, China’s industrial output increased by 5.6% year-on-year, picking up pace from the 3.9% growth seen in March,…
- Thailand News
Our take on the new GWM Haval H6 ULTRA
The recent launch of Great Wall Motor’s 2021 Haval H6 ULTRA Hybrid SUV in Thailand, has definitely set car lovers’ tongues wagging. Around 3 months ago, GWM announced it would be introducing the new H6 Haval ULTRA (the top model for the Thai range) with an accompanying theme of ‘It’s Time to CHANGE.’ The SUV is a true hybrid, including…
- Tourism News
What has the pandemic taught hotels about luxury. Is ‘less’ more?
by Anthony Lark “Let’s say goodbye to all that stale pretence and manufactured pomp” Until the collective nightmare that was 2020, many of the so-called high-end hotels had a reputation for trying to convince guests to pay for often dingy guestrooms lacking any real views inside an otherwise ornate structure with a storied, celebrated past, where the first impression was…
- Covid-19 News
China’s economy expected to grow 1.6% in 2020 – World Bank
Much the world is currently seeing continuing surges of new Covid-19 cases, some countries are well into their 2nd wave. Meanwhile China is quietly getting it’s industrial engine and economy going again as new cases. In fact China’s number of ‘active cases’ has been dropping since April, and now is fewer than 200 total cases across the country. Along with…
- Things To Do
Things that have changed in Thailand in the Covid Era | Top 10 | VIDEO
Top 10 things that have changed in Thailand during the Covid-era Things have changed. In some cases they’ve changed a lot and may never be the same again. Many people are suffering as a result of the impacts of lockdowns and the border closures. Some people are being forced to re-invent their lives as a result. Here are some of…
- Covid-19 News
The transformation of Thai hotels under the ‘new normal’ – CBRE
The full impact from Covid-19 could be prolonged, even after the actual virus is finally brought under control. CBRE, an international property consultant, expects Thailand’s hotel industry will undergo inevitable changes as part of the ‘new normal’. A new report says there will be an added emphasis on hygiene, a redefined restaurant concept, new partnerships and design alterations in line…
- Covid-19 News
World travel business faces slow recovery – UN report
Plenty of businesses are suffering and recovery will be slow, and lumpy. One of the hardest hit, and probably one of the most difficult industries to re-start, is the world travel business. Hotels, airlines, tour companies, travel agencies and online booking systems… and the millions of people employed to make all those work together as a working machine. Now a…
- Covid-19 News
Global aviation in acute crisis
by Andrew J Wood “…by the end of May 2020 most airlines in the world will be bankrupt.” Global aviation has been battered and commercial scheduled air traffic remains mostly grounded as countries enforce their lockdowns and travel restrictions. There are few signs that the end is in sight. For the largest of carriers like IAG (British Airways), United, American…
- Thailand News
Thailand News Today – Thursday, May 14
Tenants bailing out of pricey Bangkok offices amid pandemic Bangkok’s high-end office district is looking more like a ghost town as the coronavirus pandemic seems to have many companies bailing out of their pricey office spaces. Business owners have had a wake-up call from employees discovering the advantages of working from home. A spokesperson from Phoenix Property Development and Consultancy…
- Covid-19 News
6 million unemployed in tourism alone – a stark outlook for Thailand’s tourist industry
More accurate predictions are starting to emerge as the full impacts of the Covid-19 outbreak in Thailand start to become clearer, and we still don’t have the shops open yet. Reports from the UN’s International Labour Organisation, in collaboration with the University of the Thai Chamber of Commerce, have already made stark predictions about the problems that lay ahead for…
- Covid-19 News
Alcohol industry asks PM to lift booze ban nationwide
Thailand’s alcohol industry is banding together to ask PM Prayut Chan-o-cha to lift the ban on alcohol sales, imposed as part of the national state of emergency to halt the spread of Covid-19. Alcohol-industry organisations, led by the Thai Fruit Wine and the Local Spirit Producer Association, the Thailand Bartender Association and Thai Wine Association, have made their case to…
- Tourism News
Back to business – time for Thailand’s tourist industry to get ready
OPINION by Bill Barnett from c9hotelworks.com Tourism is a vital part of Thailand’s economy. And as the country emerges into the post-Covid world, getting tourists back to the country will be an essential springboard to the rest of the Thai economy. None of that will be automatic or easy as international travel has been severely disrupted and will take months,…
- Covid-19 News
Aviation industry estimates that 25 million jobs are in peril
Amongst industries hit during the Covid-19 situation, the aviation industry has probably been hit harder than most with huge investments, millions of staff, complicated infrastructure, small margins and thousands of down-stream businesses. It will also take a lot longer to wind the whole aviation machine back up when things eventually settle down. The International Air Transport Association estimates that some 25…
- Business News
Huge potential for electric car industry in Thailand
Have you considered getting an electric car yet? What’s your impediment? Cost? Selection? Too ‘out there’ for you at this stage? Electric cars (EVs) are yet to go mainstream in Thailand as yet. But there is little doubt the popularity of locally built and imported EVs will rise over the next few years. There will be more choice, the cars…
- World News
Last five years “Hottest on record” – UN Climate Summit
PHOTO: Greenpeace USA “Average global temperature between 2015-2019 is on track to be the hottest of any five-year period on record, according to the report compiled by the World Meteorological Organisation.” A damning new UN report published yesterday says the world is falling badly behind in the race to avert “climate disaster” because of runaway warming, with the five-year period…
- Thailand News
Thai fishing industry says new laws are ‘unrealistic’
by Kanittha Thepajorn A draft bill for the improved protection of fishing boat crews has sailed through the National Legislative Assembly. NLA members voted unanimously to endorse the Bill on Labour Protection in the Fisheries Sector. The Nation reports that the writers of the Bill say the new laws will bring the conditions on fishing vessels up to par with the…
- Thailand News
Greenpeace positive on lifting of Thailand’s Yellow Card fishing sanction
PHOTO: VOA Thai Kobsak Pootrakool, from the PM’s Office says that the European Union (EU) decision to lift its yellow card status on the Thai fishing industry practices reflects significant progress made by the Government in recent years. “The government continues to work hard to improve the state of fishery industry regulations and administration. The next step is to make…
