Soft loans to grow EV chargers: The government looks set to offer soft loans to small and mediumsized enterprises (SMEs) and startups that want to invest in charging stations for electric vehicles (EV), a move aimed at increasing domestic EV purchases. Bangkok Post
Woo factor: The TAT wants to entice a half-million Koreans to visit Thailand this year as both countries ease their entry regulations. As Thailand and South Korea have started to ease travel restrictions, Thai tourism has high hopes of attracting more than 500,000 Korean tourists this year before surging to 1.3 million next year, according to the Tourism Authority of Thailand (TAT). However, outbound tourists from Thailand are still encountering a glitch with the Korea Electronic Travel Authorization (K-ETA) registration, according to the Thai Travel Agents Association (TTAA). Bangkok Post
Hopewell, govt trade threats: Saksayam says he’s unfazed by litigation. Transport Minister Saksayam Chidchob has downplayed a threat from Hopewell (Thailand) Co regarding a criminal lawsuit against the government for failing to pay several billion baht in compensation over a cancelled transport project about two decades ago. Bangkok Post
Cabinet extends low-income aid: 3 more months for existing measures. The cabinet yesterday approved extending the existing measures for three months devised to alleviate the hardship of lowincome earners from the surge in oil prices. Bangkok Post
Transport Ministry’s downplayed a threat from Hopewell (Thailand) Co regarding a criminal lawsuit against the government for failing to pay several billion baht in compensation over a cancelled transport projects about two decades ago.
Fitch Ratings has affirmed Thailand’s credit rating at “BBB+” with a stable outlook. Growth outlook set at 3.2% in 2022
Nissan Powertrain Thailand (NPT) cod battery assembly line in Samutprakarn plant, the 1st outside JPN, 1 of 4 Nissan factories that producer e-power
KBank foresees weaker baht over next 2 months: Kasikornbank (KBank) expects the baht to bottom out in the next two months, depending mainly on the US Federal Reserve’s benchmark interest rate hike. Bangkok Post
Exporters urged to adopt regional focus: Thai exporters are advised to shift their focus to regional markets such as Asean, China, the Middle East and India instead of the world market in the second half this year. Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said the Russia-Ukraine war is likely to be prolonged and power polarisation between the US and China is expected to broaden. More importantly, he said the energy crisis and a sharp rise in the prices of agricultural raw materials and rare-earth elements is expected to continue this year, causing overall production costs in the manufacturing sector and product prices to rise accordingly. Bangkok Post
Output for export slides 40% amid dip in orders: Thailand’s car manufacturing for export from January to May decreased by 40% year-on-year to 72,527 units due to sluggish purchase orders, particularly from the European and US markets, says the Federation of Thai Industries (FTI). In May, car production for export fell by 23% year-on-year to 13,925 units. The decrease was attributed to the prolonged semiconductor shortage and the economic slowdown in the US, European and Asian markets, said Surapong Paisitpatanapong, vicechairman and spokesman for the FTI’s automotive club. Bangkok Post
Wait what??? Are you really implying that the manufacturing of solar panels and wind turbines require..gasp…fossil fuels??? And that the raw mats for solar and wind turbines are…gasp….fossil fuels??
And that EV’s will be powered by …. gasp…fossil fuels???
As a friend commented…we’re in a bull market for the entire periodic table.
KB
maybe Im wrong but EV demands electricity and where that come from? Solar, wind, coal, oil, batteries?
all of these things are very much pollutants, but what would I know.
Pon
Wait what??? Are you really implying that the manufacturing of solar panels and wind turbines require..gasp…fossil fuels??? And that the raw mats for solar and wind turbines are…gasp….fossil fuels??
And that EV’s will be powered by …. gasp…fossil fuels???
As a friend commented…we’re in a bull market for the entire periodic table.