Economics
Thailand’s auto production dropped 48% in April
Thailand’s auto production in April totaled 89,179 units, a drop of 48.15 per cent from the month earlier due to the impact of the earthquake and tsunami in Japan in March, a natural calamity which led to a drop in production capacity by half, Vice Chairman of the Federation of Thai Industries FTI Suparat Sirisuwannangkoon said.

Thailand’s auto production in April totaled 89,179 units, a drop of 48.15 per cent from the month earlier due to the impact of the earthquake and tsunami in Japan in March, a natural calamity which led to a drop in production capacity by half, Vice Chairman of the Federation of Thai Industries FTI Suparat Sirisuwannangkoon said.
Auto production from January through April amounted to 558,160 units, a 15.16 per cent rise year-on-year.Auto production for export in April totaled 43,423 units equivalent to 47.57 of the whole production and dropped by 27.89 per cent year-on-year. Auto production for domestic sales in April totaled 45,756 units equal to 51.31 per cent of the whole production, a 1.92 per cent increase year-on-year as the domestic car sales remained high. Domestic car sales in April totaled 67,283 units, a 27.66-per cent drop from the previous month but 17.8-per cent increase year-on-year.
Car sales growth can be seen from the improved economy and consumer confidence as well as a growing market for new sedan models and eco cars. Motorcycle sales totaled 150,213 units, an 11.67 increase year-on-year but dropped by 21.81 per cent from the previous month. Car sales from January-April registered 305,902 units, increased by 36.6 per cent, compared to the same period last year while motorcycle sales were recorded at 671,204 units, down 11.69 per cent from the same period last year.
via Thailand’s April auto exports drop due to impact of Japanese earthquake, tsunami.
Economics
96% of Foreign Investors still confident in Thailand says BOI
The Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

BANGKOK (NNT) – With the COVID-10 pandemic causing significant disruption around the world including in Thailand, the Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.
(more…)Economics
Thailand Tops Bloomberg’s Emerging Markets List
Bloomberg surveys show that analysts are penciling in high rates of growth next year for some of those that have been hardest-hit in 2020.

Thailand and Russia are well placed to be among the emerging-market standouts that could beat expectations next year, according to a Bloomberg study of 17 developing markets gauging their outlook for 2021.
(more…)Economics
COVID-19 pandemic wiped out 81 million jobs in Asia-Pacific countries
Some 81 million jobs lost as COVID-19 creates turmoil in Asia-Pacific labour markets, according to ILO report.
-
Economics1 week ago
96% of Foreign Investors still confident in Thailand says BOI
-
National2 days ago
Thai cabinet allows illegal migrant workers to sign up for 2-year work permit
-
Investment5 days ago
Thailand Saw $1.7 billion Applications in Bio-Circular-Green (BCG) Investments in 2020, BOI Says
-
Tourism2 days ago
Thai Government imposes ban on gatherings over New Year 2021 holidays