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Industrial confidence index for January drops for the first time in 5 months

Industrial confidence index for the month of January dropped for the first time in five months to 86.3 points from last December’s 87.5 points

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Industrial confidence index for the month of January dropped for the first time in five months to 86.3 points from last December’s 87.5 points, said Mr Suphan Mongkolsuthee, president of the Federation of Thai Industries, today.

He attributed the declining confidence in the industrial sector to the concern over drought problem, risks from global economy, especially Chinese economy and declining domestic purchasing power.Industrial operators however welcomed global oil price slump as it helped reduce production costs.

The FTI predicted that industrial confidence index for the first quarter of this year would drop to 100.8 points compared to the last quarter’s 102.7 points reflecting industrial operators’ concern over volatility in global money market which will impact on foreign exchange rates.However, the FTI pointed out that operators still have confidence in the economy and to carry on with their businesses.

Source: Industrial confidence index drops for the first time in 5 months – Thai PBS English News

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Investment

Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

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In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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Business

Large Shopping Malls in Bangkok Will Be Closed until July 25th

Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.

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BANGKOK (NNT) – Large-scale shopping malls in Bangkok and in some dark-red zone provinces are now closed for two weeks, to comply with the latest COVID-19 curbs in 10 provinces.

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