Manufacturing
- 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…
- Expats
Expat shift drives changes in Bangkok’s condo market
Thailand’s dominant working expat nationality in past decades has been Japanese, currently making up 18% of expatriates in the country. But, while Japanese expatriate numbers are decreasing, a CBRE report notes that Chinese and Filipinos are on the rise. There were 28,560 Japanese expats in Thailand as of Q3 2020, just ahead of the Chinese expat contingent at 25,811. As China’s manufacturing has…
- Tourism News
A new flaw detected on Boeing’s 787 as company’s problems mount
The problems at Boeing are starting to stack up, at a time when few airlines are ordering new planes and going through their current orders to see which order they can cancel. Boeing has now disclosed another problem with the construction of its 787 Dreamliner aircraft that could cause further delays on aircraft deliveries, and provide another headache for the…
- Economy News
Thai car production hits 30 year low
As late as last year, the automotive industry in Thailand was the largest in Southeast Asia and the twelfth largest in the world, with an annual output of around 2 million vehicles. But in April this year, Thailand’s car production hit its lowest level in 30 years – just 24,711 units – amid weak global demand, factory shutdowns and widespread…
- Business News
Business recovery in the Covid-19 era
As some countries begin to tentatively look to reboot their economies in a Covid-19 world, what does the future hold for business? Nation Thailand reports today on an extensive Bank of Thailand survey that examined the impact of the pandemic on four business sectors and what might happen next. Things are looking a bit brighter for the manufacturing and retail…
- Covid-19 News
700,000 employees unemployed as more factories suspend production
According to the Thai Department of Labour Protection and Welfare, thousands of factory workers have now become unemployed due to manufacturing shutting up shop because of the Covid-19 pandemic. The number of people now claiming government financial aid has also doubled to 700,000 since December 2019. Yesterday Apinya Sujarittanan, director general of the DLPW, said that the Social Security Fund…
- Covid-19 News
Final stages before CP start punching out face masks in Thailand
The Charoen Pokphand Group also known as CP has announced that the plane that they chartered from China has arrived in Thailand carrying the new mask manufacturing machine and materials to complete the face mask assembling. CP’s senior chairman Dhanin Chearavanont, says that they’ve invested around 100 million baht to build the factory to produce surgical face masks for medical…
- Business News
Chevrolet Thailand says ‘no’ to compensation demands for cars sold before discounts were announced
Yesterday, a group of Chevrolet car buyers submitted a letter to Chevrolet Sales (Thailand) at the company national HQ at Rasa Tower, in Bangkok’s northern suburbs. They were demanding the company should compensate them for having bought their cars at full price, just before Chevrolet announced it was pulling out of manufacturing cars in Thailand. Specifically they were complaining about…
- Transport News
Thailand charges towards an electric car future, with a few speed bumps
Thailand has the biggest automotive industry in Southeast Asia and the 12th largest in the world. Most of those coming out of Thai factories, well just about all really, are standard internal combustion engines with a few ‘hybrid’ models sprinkled in there as well. The hybrids include electric motors and charging systems which saves fuel and load on the petrol engines. But there…
- Economy News
Chonburi manufacturers suspend operations, workers laid off
PHOTO: Nippon Steel Steel Processing Company storage yard and port facilities Thailand’s division of the Nippon Steel Steel Processing Company, in Rayong province, says they will suspend operations, temporarily, starting November 9, citing a steady drop in steel sales. Japan’s local affiliate Nippon Steel, says that, if all its employees work full-time, the company’s output of steel will far exceed…
- World News
China’s manufacturing sector improves during September
PHOTO: China Daily “Caixin said confidence among goods producers was still subdued as worries persisted over the outcome of China-US trade negotiations.” China’s manufacturing sector showed unexpected signs of improvement during September with two indexes showing that manufacturing activity edged up, despite ongoing trade pressures with the US. According to the National Bureau of Statistics, the Purchasing Managers’ Index rose…
- Economy News
Thai economic committee warns about stagnant growth in second half of 2019
The Joint Standing Committee on Commerce, Industry and Banking says they’re concerned by threats to the performance of the Thai economy in the second half of this year. The office says the lack of stimulating factors and the project of an ever-stronger baht will stifle economic expansion and the economy will fail to reach targets. The JSCCIB President Preedee Daochai…
- Environment News
Energy Minister pushing for investment in electric vehicle production in Thailand
PHOTO: Wikipedia Energy Minister, Sontirat Sontijirawong, has announced a package to allow for the production of electric vehicles in Thailand. The package includes incentives on investment, as well as on the production of components and batteries. It’s understood that the package also has measures to promote the wider use of electric vehicles among the public, following environmental and emissions concerns…
- World News
Thailand and South Korea partner on development of electric buses
Original story by Shin Ji-hye An all-electric bus sits on the campus at King Mongkut’s University of Technology in Thonburi, Bangkok. The electric bus is a joint project between Korea and Thailand, led mainly by Korean automaker Edison Motors, which currently provides public transport services with eco-friendly buses at Namsan in Seoul and on Jeju Island. The project involves 11 organisations from both…
- Thailand News
Thai GM’s diesel plant in Rayong builds 500,000th engine
GM Powertrain Thailand has produced its 500,000th four-cylinder Duramax turbo-diesel engine, a production milestone since production officially started in 2011. GM announced that the Rayong plant is the first GM facility in the world to produce the engine. Hector Villarreal, president of GM Southeast Asia says the Duramax engines serve as the heart of the company’s ‘Colorado’ and ‘Trailblazer’ models. “They…
- Thailand News
Thai business sector drops 2019 export projections by 1%
The Thai Chamber of Commerce and Board of Trade are revising down Thailand’s 2019 export growth projections from 3.1% to 2.1%. They say several unfavorable external factors are contributing to the revised outlook. Thai PBS reports that Mr. Sanan Aung-ubonkul, vice president of TCC and BoT, says that, in order to maintain the 3.1% growth projection, the value of monthly…
