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.
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.
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.
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.
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…)
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.
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…)
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