Connect with us

Business

Thai Auto production to exceed 2.2 million units this year

The Federation of Thai Federations (FTI) projected Thailand’s automobile production will reach 2.2 million units this year, resulting from resumption of full capacity operations, FTI Automotive Industry Club spokesman Surapong Paisitpattanapong said on Thursday.

Boris Sullivan

Published

on

automobile export

The Federation of Thai Federations (FTI) projected Thailand’s automobile production will reach 2.2 million units this year, resulting from resumption of full capacity operations, FTI Automotive Industry Club spokesman Surapong Paisitpattanapong said on Thursday.

Loading...

April auto production was recorded at 142,312 units, an increase of nearly 60 per cent year-on-year.

Production for domestic sales accounted for 86,886 units or 61 per cent of total production.

Auto production for the first four months of this year was nearly 642,000 units, an increase of 15 per cent from the same period last year. Fifty-six per cent or nearly 360,000 units were built for domestic sale while 39 per cent or 55,000 units were produced for export. Auto exports from January to April accounted for 282,225 units or nearly 44 per cent of all output.

automobile export

Production for domestic sales accounted for 86,886 units or 61 per cent of total production.

Auto sales in April were some 87,800 units, an increase of 30.5 per cent year-on-year but a drop of 21 per cent compared to the previous month. Increased sales were supported by more production for orders.

In the first four months, sales rose to more than 367,000 units, up 20 per cent, compared to the same period last year. (MCOT online news)

via Auto production projected to exceed 2.2 million units this year.

Business

Thailand Approves Latest Economic Relief Package for Businesses

Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.

Avatar

Published

on

On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.

Loading...
(more…)

Continue Reading

Business

Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)

The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.

Avatar

Published

on

By

The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.

Loading...
(more…)

Continue Reading

Business

Asia-Pacific sees 3.9% growth in deal activity in February 2021

Boris Sullivan

Published

on

Chair’s Statement on the Informal ASEAN Ministerial Meeting (IAMM)

The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,980 other subscribers

Latest

Trending