PTT has announced it is entering the lithium-ion battery market
Thai oil and gas conglomerate PTT has entered the lithium-ion battery market to support its EV brand Neta and take advantage of the growing electric vehicle market. As part of…
SCB EIC to revise Thailand’s 2023 growth forecast to 2.6% and 3% in 2024
According to SCB EIC, the growth forecast for Thailand in 2023 has been revised down to 2.6% due to lower-than-expected GDP and a slow recovery of Chinese tourists. The economy…
Sino-Thai announces major restructuring for 2024
Part of that restructuring, according to STEC director Pakpoom Srichamni, is the setting up of STECON Group (Public Company) as the holding company. This aligns with the new strategic direction…
Chinese buyers dominate the purchases of Condominiums in Thailand
Foreign ownership of condominiums in Thailand showed a slight increase in the third quarter of 2023, signaling a gradual return of foreign buyers. Chinese nationals continue to dominate the market,…
Honda becomes first Japanese car to produce the EV vehicles in Thailand
Honda has become the first Japanese carmaker to manufacture a fully electric vehicle (EV) in Thailand. The first e:N1 unit was produced in Honda’s factory in Prachinburi. Honda’s move to…
Tourism in 2024 set to be record year in Thailand
Businesses associated with tourism, health, lifestyle and digital software services are considered promising for the upcoming year, according to the Business Development Department director Auramon Supthaweethum. Auramon Supthaweethum, the department’s…
Thailand revenue from tourism in 2023 breaks through the 1 trillion THB barrier
The Ministry of Tourism and Sports announced that the number of foreign tourists arriving in Thailand has reached 25.7 million since January 1, 2023, generating revenue of 1,098,082 million baht,…
Thailand Mega Fair event in Saudi Arabia opens door to Middle Eastern markets
Foreign Minister Parnpree Bahiddha-Nukara said the event was proof of the commitment to partnership between the two countries, as he presided over the fair’s opening on Wednesday. Parnpree, who also…
Thai PM announces waiving of visas for Japanese business travellers prior to Tokyo visit
Before Prime Minister Srettha Thavisin will pay an official visit to Japan from 14 to 18 December, the Cabinet has approved measures to waive visa requirements for Japanese business travellers…
Thailands household debt soars to 90.7%
Thailand’s household debt has reached 90.7% of the country’s GDP in the second quarter of this year, posing a significant challenge for the government. The increase in debt is mainly…