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Great Wall Motors (China) to Start Production in Thailand Next Year

Chinese automobile manufacturer Great Wall Motors (GWM) is set to start operations in Thailand next year

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According to Thailand’s Industry Minister Suriya Jungrungreangkit, the company will have an annual production capacity of 80,000 vehicles and will begin producing sports utility vehicles and pickup trucks in 2021.

The company plans to invest 22.6 billion baht and employ 3,435 people.

After his meeting with Zhang Jiaming, president of GWM’s ASEAN operations, Mr Suriya said GWM would improve the production lines that it had taken over within the fourth quarter of this year for the production of vehicles with internal combustion engines and electric vehicles.

China’s leading sport utility vehicle (SUV) and pickup maker Great Wall Motors purchased General Motors’ Rayong car production facility in Thailand when the American car producer ceased operations in February this year.

Based in the city of Baoding, in the Hebei province, in the north of China, the company Great Wall Motors owns several brands of SUVs and cars like Haval, Great Wall, WEY and ORA. With more than 500 branches abroad, its vehicles are exported to more than 60 countries.

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THAI airways to sell training center building to raise more funding

THAI airways has been hit hard by limited travel due to the COVID-19 pandemic, which comes as they were entered bankruptcy protection and sit on the verge of liquidation.

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THAI airways is selling its Laksi training center building, in the Bangkhen district of Bangkok, its Nok-Air shares, its Bangkok Aviation Fuel Services (BAFS) shares and Boeing 737- 400 engines, after the bankruptcy court gave the go-ahead to do so.

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Can the Subscription Economy Save Financial Services?

Going back to the pre-Covid “normal” is not an option for financial services. Fortunately, the rise of the subscription economy points towards frontiers of untapped growth for the sector.

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As the world waits for mass vaccination to revive economic activity, general malaise has overtaken the financial services industry (FSI). And things will probably worsen before they get better: US banks are expected to suffer US$318 billion in net loan losses by the end of 2022, according to Deloitte.

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How Thailand could Use satellite tech to help farmers in crisis

Without effective global warming policies, the 3.5 million rice farming households in Thailand are bearing the brunt of the climate crisis

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Ask any Thai rice farmer to describe government assistance when they are hit with natural disasters. Their answers will most likely be the same: Too little, too late.

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