Business
Airbus plans 20 billion baht ($577 million) repair site in U-tapao airport
Airbus expects the number of aircraft operating in the Asia-Pacific region to more than double in two decades, reaching at least 15,000.
Airbus looks to open an aircraft maintenance yard in eastern Thailand, hoping to capture rising demand as low-cost carriers sharply increase the number of planes flying in Asia.
The European aircraft builder is conducting a feasibility study with state-owned Thai Airways International to set up the yard at the U-tapao airport, located in an economic development zone in eastern Thailand.
A maintenance, repair and overhaul — or MRO — facility would handle inspections involving disassembly as well.
The airport, close to tourist destination Pattaya and the coastal industrial hub, is scheduled for expansion as a third flight hub serving the Bangkok metropolitan area.
Banking
Bank cuts Thai 2020 GDP growth outlook to 2.7%
SCB’s Economic Intelligence Center (EIC) has released its latest growth forecast, at 2.7 percent, showing a slow recovery from just 2.5 percent economic growth in 2019
SCB’s Economic Intelligence Center (EIC) has released its latest forecast, indicating that the Thai economy at the end of 2020 will have grown by 2.7 percent, showing a s recovery from just 2.5 percent economic growth in 2019, thanks to a better performing export sector and improved global economy.
(more…)Business
BOI steps up investment promotion measures in the EEC
The measures will be in effect from January 2, 2020, to December 2021. Applicants can sign up for the new privileges, with no deadline set for registration.
BANGKOK(NNT) – The Board of Investment of Thailand (BOI) has approved measures to promote investment in the Eastern Economic Corridor (EEC) by expanding the number of target industries and increasing corporate income tax benefits.
(more…)Business
Thailand to legalize Grab Taxi in March 2020
The Thai government is taking steps to legalize Grab taxi services, expected to be effective from March 2020. The Grab motorcycle service is pending further study.
BANGKOK (NNT) – The government is taking steps to legalize Grab services, expected to be effective from March 2020, beginning with the Grab taxi service.
(more…)
Thailand among top five countries for salary hikes
Thailand is among the top five economies in the world to see real salary increases and is likely to see...
Thailand Ecommerce Market: Shooting For Success
At present, the Thai ecommerce market is valued at USD 3.5 billion. According to a Google Temasek study, Thailand’s e-commerce...
Aspire Set to Become First SME Neobank in Southeast Asia with US$32.5 Million Raise
The recent financing has been led by Mass-Mutual Ventures Southeast Asia with participation from Silicon Valley’s Arc Labs and existing...
Bank cuts Thai 2020 GDP growth outlook to 2.7%
Productivity is Key to Thailand’s Growth and Prosperity, says World Bank
Thailand plans One trillion baht state budget to stimulate economy
Thailand’s illegal gambling market
Moody’s outlook for APAC corporates remains negative in 2020
33% of Thais have less than 500 baht on their bank account
Asia Pacific to outperform other regions in 2020 for real estate investment
EssilorLuxottica reports €190M fraud in Thailand
Cloud kitchens heat up in Asia Pacific
Households and SMEs’ debt raise concerns (BoT)
Moody’s Sets APAC Sovereigns Outlook to Negative for 2020
Thailand must start six EEC infrastructure projects this year
33% of Thais have less than 500 baht on their bank account
Thailand, the world’s 6th biggest exporter of fruits
ADB Trims Southeast Asia’s growth forecast to 4.4%
Tourism5 days agoThailand expects at least 40 million travelers in 2020
Economics4 days agoThailand plans One trillion baht state budget to stimulate economy
Economics7 days agoInvestment promotion requests exceeded 750bn baht in 2019
Companies7 days agoCyber incidents top most important business risks for Asia-Pacific companies