Manufacturing
- 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…
- Economy News
Baht loses nearly half its 2019 gains
The Thai baht, whose meteoric rise seemed unstoppable only weeks ago, has become Asia’s worst performing currency so far this year. It’s lost nearly half of its 2019 gains in just a month as fears over the Wuhan Coronavirus outbreak threaten Thai tourism. The Year of the Rat has not been kind to Thailand. As late as December, there were…
- 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…
- World News
Thailand industrial property a winner as US-China trade war drags on
Amongst all the bad economic news, Thailand’s industrial property sector is profiting from the protracted US-China trade war, as mainland Chinese manufacturers shift production to ASEAN countries in an attempt to avoid escalating tariffs. Chinese foreign direct investment into the south east Asia sector rose last year by 31.7% to USD 233 million, after declining by 15.7% in 2016-17, according…
- 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…
