The Federation of Thai Industries (FTI) has increased its total car production target this year to 1.55-1.6 million units, fuelled by good export prospects, although the third wave of the pandemic is expected to deal a blow to the domestic car industry.

Paiboon Nalinthrangkurn, chairman of the Federation of Thai Capital Market Organizations (Fetco), has urged the government to accelerate economic stimulus and temporarily raise the public debt ceiling to 70-75% of GDP, or borrow an additional 800 billion to 1 trillion baht to help the country weather the pandemic.

The Thai Shopping Center Association (TSCA) has urged the government to launch immediate measures to help rehabilitate the business sector and reduce the impact of the pandemic.

Domestic car sales rose 15.07% in June from a year earlier to 61,758 vehicles, the Federation of Thai Industries said on Thursday.

The Thai banking industry will continue to face high levels of uncertainty in business operations in the second half of the year, mainly due to the rising number of Covid-19 cases, said Thanyalak Vacharachaisurapol, deputy managing director at Kasikorn Research Center (K-Research).

The Federation of Thai Industries (FTI) and the Thai Listed Companies Association (TLCA) will on Thursday propose four debt and health-related measures to Prime Minister Prayut Chan-o-cha to help small and medium-sized enterprises (SMEs) survive the Covid-19 crisis.

The Office of Insurance Commission (OIC) is discussing with the Thai General Insurance Association (TGIA) tightening the interpretation framework for the conditions of Covid insurance contracts to protect consumers and prevent abuse of legal loopholes, said Suthiphon Thaveechaiyagarn, OIC's secretary-general.

The ongoing Covid-19 outbreak is threatening to hinder the export sector from achieving its 8%-10% growth target as more factories are hamstrung by rising infections, says the Federation of Thai Industries (FTI).

The Commerce Ministry looks set to propose negotiation frameworks for the Thai-EU free trade agreement (FTA) and Asean-Canada FTA for cabinet approval in the third quarter, aiming to boost the country's exports.

A group of Thai exporters is growing concerned about the rising number of infections, particularly in the industrial manufacturing sector, pointing out if the infection rate is not controlled it may affect the country's export performance this year.

Thailand's economy is forecast to grow 2.2% this year, down from the 3.4% projected earlier, due to the impact of a third wave of Covid-19 infections and weak tourism, the World Bank said on Thursday.

The Federation of Thai Industries (FTI) expects the government's 14-day lockdown measures in 10 provinces to cost the economy 50-60 billion baht amid concerns over further damage if the government fails to curb the ongoing Covid-19 outbreak.

The Thai economy is likely to see zero growth at best this year because Covid-19 infections are expected to continue rising for at least another 2-3 months and the tourism industry will not recover in the fourth quarter as projected, says an economist from Bangkok Bank (BBL).

Digital disruption and the pandemic have served as a wake-up call to Thai exporters to change their business strategies to ensure sustainable growth in the global market, says Rak Vorrakitpokatorn, the new president at Export-Import Bank of Thailand (Exim Bank).

The net asset value of Thai foreign investment funds (FIFs) hit 1 trillion baht for the first time in April, raising the total value of Thai equity funds by 39.6% from last year.

The Federation of Thai Industries (FTI) is closely monitoring the foreign exchange rate after the baht recently fell to its weakest value in 14 months at 32.29 baht to the US dollar, although this benefits Thai exporters.

The Bank of Thailand (BoT)'s view is that the government's latest lockdown measures will lead to higher downside risks for the Thai economy amid the spread of the Delta variant of Covid-19, which is fuelling the latest wave of infections.

The COVID-19 pandemic has accelerated digital adaptation among Thai organisations and citizens as they increasingly turn to online tools for healthcare, remote working and business transactions. The trend has driven a demand for data centres and cloud services which has been underpinned by changes to the global business environment and ...

AirAsia is aiming to use its strong network in Thailand to speed up the growth of Gojek in the country and put the loss-ridden service on the path towards profit within one year via upcountry expansion, starting with three key provinces in the fourth quarter.

The Royal Thai Embassy in Madrid, in collaboration with Spain-ASEAN Business Association (ASEMPEA) and Centre for Industrial Technological Development (CDTI), and The Thailand Board of Investment (BOI) Paris office, invite you to attend “Thailand-Spain Partnership towards Green Energy” seminar.