Connect with us

Business

Thailand’s automobile production reaches new record

Surapong Phaisitpattanapong, spokesman for the Federation of Thai Industries’ automobile industry club, said September production increased by 31.2% year-on-year.

Boris Sullivan

Published

on

Thailand’s automobile production in September hit a record high of 228,500 units, the most since the country started assembling automobiles in 1961.

Loading...

Surapong Phaisitpattanapong, spokesman for the Federation of Thai Industries’ automobile industry club, said September production increased by 31.2% year-on-year.

Year-to-date production reached 1.71 million units, a 32.8% increase year-on-year.

Exports of Thai-built vehicles in September also hit a record high of 98,268 units.

Thailand began exporting automobiles in 1988.

September exports were worth 47.2 billion baht, a rise of 8.4% from the previous year.

Year-to-date exports reached 735,254 units worth 352 billion baht, a 15% increase.

Mr Surapong said automobile production for the fourth quarter is estimated at 678,281 units, which would bring the annual output to 2.3 million.

Thailand is scheduled to celebrate producing 2 million automobiles on Nov 30 at Muang Thong Thani.

The country is projected to become the world’s 13th-largest auto producer this year, and the government is aiming at top-10 status in five years.

via Auto boom continues | Bangkok Post: business.

Comments

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 14,066 other subscribers

Latest

Trending