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.
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.
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.
Markets
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.
Investment
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.
Lifestyle
Global Gaming Expo Asia Overview
This event is a must for anyone involved in the Asian gaming industry: an overwhelming 95% of Asian casino and sportsbook operators attend G2E Asia to present their products
G2E Asia – an abbreviation for Global Gaming Expo Asia – is a renowned iGaming event and entertainment business hub where companies from all over the globe come to exhibit their latest products and innovations.
Thailand extends the 7,000 baht “Rao Chana” scheme to 33.5 million Thais
The Ministry of Finance said that the new proposal will increase the number of people eligible for the “Rao Chana”...
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major...
Thai fruit exports to FTA markets up 107 percent
China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian,...
Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage...
3 Reasons to Be Optimistic About the Baht Right Now
Probably one of the most important factors for the rise of the Baht is the continued weakness of the US...
Will Thailand’s plan for quarantine-free tourism set a global trend?
According to the Tourism Authority of Thailand, the quarantine-exemption measures implemented in Phuket will be extended to five other key...