US probe finds solar makers in Cambodia, Malaysia, TH and VN and evading tariffs on China and could now face tariffs as high as 254% from Jun 2024.
SEC files stock manipulation charges against 13 individuals for their involvement in price manipulations in SCI, GSC, ASIAN,
Domestic tourism has recovered by 93% compared to that of 2019, estimated to generate Bt808b in tourism-related revenue by end of year, said TAT director of Chiangmai office.
BAM predicts bad loan sales of B100bn in 2024: Increase in distressed debts provides buying opportunity. SET-listed Bangkok Commercial Asset Management Plc (BAM) expects sales of nonperforming loans (NPLs) to reach 100 billion baht by 2024, in line with rising distressed debts. Bangkok Post
Thailand signs trade pact with Yunnan province in China: Thailand has clinched a deeper trade partnership through a minifree trade agreement (mini-FTA) with China’s Yunnan province, aiming to expand new forms of cooperation in various industries such as logistics and cross-border e-commerce. Bangkok Post
Institute predicts sales of 50,000 EVs: Electric vehicle (EV) sales are expected to reach a target of 50,000 units this year despite weak purchasing power, high household debt and banks’ stricter auto loan criteria, says the Thailand Automotive Institute (TAI). Last year, local EV sales tallied roughly 20,000 vehicles. Bangkok Post
NESDC downgrades Thai growth for 2023: Forecast cut amid global slowdown. The National Economic and Social Development Council (NESDC) has revised its forecast for this year’s economic growth to 2.5-3%, down from the previous forecast of 2.7-3.7% due to the impact of the global economic slowdown, says secretary-general Danucha Pichayanan. Bangkok Post
Growth in office supply to squeeze landlords: 1.5m sq m of new space within 2 years. The completion of over 1.5 million square metres of new Bangkok office space within the next two years continues to put pressure on office landlords. Ponpinit Upathamp, acting chief financial officer of SETlisted developer Grand Canal Land, said the majority of the new supply would be in the central business district (CBD) location on Rama IV Road. Bangkok Post
Phase 2 of Sino-Thai rail project set for cabinet scrutiny: The second phase of the Thai-Chinese high-speed train project is expected to go to the cabinet before year’s end, while the first phase is likely to start by 2026, says deputy government spokeswoman Rachada Dhnadirek. Bangkok Post
Rising NPLs threaten car production: Up to 25,000 vehicles seized each month. Increasing nonperforming loans in the automotive sector could affect Thailand’s car manufacturing this year after NPLs rose by 2.05%, with 20,000-25,000 cars seized a month, says the Federation of Thai Industries (FTI). Bangkok Post