The strengthening of the currency could cause foreign tourist arrivals to miss this year's target of 40 million, resulting in Thailand losing an opportunity to benefit from their spending during their time in the country.
Thailand emits roughly 350 million tonnes of carbon dioxide equivalent annually, with the energy and industrial sectors accounting for more than 75% of this amount. Though this volume represents just 1% of global emissions, the Thai Government is eager to achieve carbon neutrality, a balance between carbon dioxide emissions and absorption, by 2050.
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is preparing to hold discussions with the Bank of Thailand, the National Economic and Social Development Council (NESDC), the Finance Ministry and the Commerce Ministry to realign economic priorities given the limited available resources, with a focus on the next 6-12 months.
Car output dropped to 1.47 million units from 1.83 million in 2023. Production on a year-on-year basis contracted for the 17th successive month in December, falling 17.4% to 104,878 units, according to the FTI.
The Federation of Thai Industries (FTI) has called for thorough preparations to address potential trade challenges resulting from the US’s policy changes.
Thailand’s Ministry of Commerce has pledged to pursue more free trade agreements (FTAs) in 2025 in an effort to boost the country's economic growth rate to 3%.
A conference to foster connections between the logistics sectors of Vietnam and Thailand was jointly held in Bangkok on October 29 by the Vietnam Logistics Human Resources Development Association (VALOMA) and the Federation of Thai Industries (FTI).
The Federation of Thai Industries (FTI) has raised concerns over the potential domination of Thailand’s steel industry by Chinese companies, and called for regulatory action, reported The Nation.
Thailand's car manufacturing target for 2024 may be downgraded as production continues to decline, with a sluggish economy affecting car sales, according to the Federation of Thai Industries (FTI).
The Federation of Thai Industries (FTI) forecasted that the country’s economy, particularly exports, will be driven by high-potential industries such as agriculture, food, cars and auto parts, as well as bio- circular and green (BCG) manufacturing.
The Industry Ministry is being asked to allow the creation of a new regulatory unit to help it monitor product standards, aiming to control the influx of cheap Chinese imports, said the Federation of Thai Industries (FTI).
Thailand's domestic car and motorcycle sales may suffer the brunt if Thai financial institutions are affected by the risk of bank failures in the US and Europe, according to the Federation of Thai Industries (FTI).
The Ministry of Industry of Thailand has emphasized the importance of manufacturers seriously embracing renewable energy, highlighting higher electricity bills as a critical factor in bringing firms’ attention to this issue.
Car production in Thailand rose 15% in November from a year earlier to 190,155 units, thanks to improvement in the supply of chips, the Federation of Thai Industries (FTI) said on December 20.
More and more foreign investors are interested in the possibility of investing in the production of electric vehicles (EVs) in Thailand thanks to measures to attract investment, encourage the use of EVs as well as an increase in local demand for the products.
Despite slower economic growth in neighbouring countries and zero-COVID measures in China, Thailand's cross-border trade is still expected to grow by at least 5% this year to 1.8 trillion THB (49.24 billion USD), driven by greater demand for gasoline, edible oil, tyres and auto parts.
The Federation of Thai Industries (FTI) has projected that Thai food exporters are likely to benefit from a global food shortage expected to intensify during the third and fourth quarters this year.
The Ministry of Labour of Thailand is negotiating with neighbouring countries to allow migrant workers who complete their four-year term this year to carry on working in the country for another six months.
The prospect for Thailand's food export is promising, with exports forecast to grow by 8.4 percent this year driven by higher global demand and a rise in the prices of commodities, energy and logistics.
The COVID-19 crisis has resulted in a serious labour shortage in factories, and hard hit Thailand’s exports, its main economic engine, according to CEOs surveyed by the Federation of Thai Industries (FTI).
