Connect with us

Markets

Thailand’s domestic automobile sales at 10-month highest

Of the 152,689 automobiles produced in Thailand in October, 80,569 units were produced for export and 71,438 others were manufactured for the domestic sales.

Avatar

Published

on

cars auto production Thailand

Thailand’s domestic automobile sales in October rose by 35.2 per cent year-on-year to 72,012 units, up 5.49 per cent from September, marking the highest level in the past 10 months, according to the auto industry.

Surapong Paisitpattanapong, spokesman for the Federation of Thai Industries (FTI) Automotive Industry Club, said on Wednesday that the continual growth in domestic car sale was thanks to the Thai economic recovery due to the government’s stimulus package ‘Thai Khem Kaeng’ (Strong Thailand) scheme, as well as the rising price of agricultural produce, growing exports, and the tourism industry.

cars auto production Thailand

Of the 152,689 automobiles, 80,569 units were produced for export and 71,438 others were manufactured for the domestic sales.

Another factor was that the compact car segment in the country continues to boom among Thai consumers.

From January to October this year, 628,361 units were sold, or a 49.7 per cent rise in the sales volume compared to the same period last year, the spokesman said.

via Thai domestic auto sales in October hit 10-month high: FTI.

Advertisement
Comments

commodities

Thai Rice Export Expected to Drop to 7.5m tons this year

This year’s projection for rice exports remains close to the previous year at 7.5 million tons, the lowest in seven years since 2013 when Thailand exported 6.6 million tonnes of rice.

Avatar

Published

on

Thailand risks losing its place as the world’s second biggest rice exporter this year thanks to weaker competitiveness and a lack of new rice varieties to cater to changing market demand.

(more…)

Continue Reading

commodities

Thailand struggles to regain world’s largest rice exporter title

In Thailand, a strong baht, Asia’s best performing currency in 2019, has kept away potential buyers who find cheaper markets elsewhere, such as in Vietnam.

National News Bureau of Thailand

Published

on

 After losing the number one global rice exporter position for three years, the Ministry of Agriculture and Cooperatives has met with related agencies and rice exporters to find measures to reclaim the top spot.

(more…)

Continue Reading

Corporate

Thai SMEs and startup companies to raise funds via capital markets

The Stock Exchange of Thailand (SET) will be urging SMEs and startup companies to raise funds via capital markets, and improve regulations to provide better ease of doing businesses.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – The Stock Exchange of Thailand (SET) is pursuing its initiative to encourage SMEs and startup businesses to raise funds via the capital market, expecting general investment this year to be challenged by external factors, urging investors to properly manage the risks.

(more…)

Continue Reading

Must Read

Upcoming Events

Mar 11

Food science conferences

March 11 @ 8:00 am - March 12 @ 5:00 pm BMT
Mar 11

Food science conferences

March 11 @ 9:00 am - March 12 @ 5:00 pm BMT
Mar 22

41st World Dental Science and Oral Health Congress

March 22 @ 9:30 am - March 23 @ 5:00 pm BMT
Mar 26

8th Anti-Corruption Compliance Asia Pacific Summit 2020

March 26 @ 9:00 am - March 27 @ 5:30 pm SMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 12,184 other subscribers

Trending