Mortgage Rejection Rates Expected to Remain High
Mortgage applications for homes priced below 3 million baht are expected to continue experiencing higher rejection rates over the next two years due to a slowdown in the residential market.…
Hyundai Mobility to Produce BEVs and Batteries by 2026
Hyundai Mobility Manufacturing (Thailand), based in South Korea, plans to produce battery electric vehicles (BEVs) and batteries in Thailand by 2026 following the approval of its 1-billion-baht project by the…
Condo Launches Expected to Underperform Projections
New condo launches in Greater Bangkok for this year are anticipated to fall short of expectations, primarily due to weak demand stemming from an economic slowdown, as reported by consulting…
Toshiba Subsidiary Aims for 20% Sales Growth Target
Toshiba Thailand has set a goal of achieving 20% growth for the entire year, shifting more of its product lineup toward mid-range and high-end products to address weak consumer spending…
Bank of Thailand Encourages Banks to Support Sustainable Transition for SMEs
The Bank of Thailand (BoT) is urging financial institutions to assist small and medium-sized enterprises (SMEs) in their transition to sustainable business practices. During a seminar hosted by the central…
Government Takes Action on Vaping Among Mothers
The Ministry of Social Development and Human Security (MSDHS) has intervened to assist two children whose young mothers were captured in a viral video vaping in their presence. The video,…
Proposal for New Tariffs on Chinese Imports
Photo credit: Nutthawat Wichieanbut The surge of Chinese industrial products entering Southeast Asia is negatively impacting Thailand’s trade, resulting in a diminished market share in the region and a trade…
K Mile to take first 767-300F
Photo credit Jiyebinghuo/ Planespotter.net K-Mile Asia (8K, Bangkok Suvarnabhumi) is expanding into widebody freighter operations with the acquisition of the first of two B767-300ER(BFC) aircraft, which it anticipates receiving this…
Bangkok Bank Explores Virtual Banking Opportunities
Bangkok Bank (BBL) is exploring opportunities in virtual banking as it adapts to digital banking services in response to evolving customer preferences. BBL President Chartsiri Sophonpanich stated that the bank…
MRTA Requests Approval for New Orange Line Route
The Mass Rapid Transit Authority of Thailand (MRTA) has submitted a request to the Bangkok Metropolitan Administration (BMA) for approval to utilize its areas for the construction of the western…