Rubber authority reported 1M22 natural rubber & rubber products exports at 2.19m tons, total Bt240b, China is top importer account for 49% of total exports, Malaysia 10%, U.S. 7%, JPN 6% and SKR 4%.
Banks pledge to maintain prime lending interest rate: Local banks have announced they are maintaining the prime lending interest rate to support fragile customers amid a rising interest rate trend. Bangkok Post
State okays target for EEC: Eyes investment of B2.2tn from 2023-27. The government vows to move ahead with five-year investment plans for the state flagship Eastern Economic Corridor (EEC), aiming to drive economic growth by 5% a year between 2023 and 2027 and draw a combined investment of 2.2 trillion baht. Bangkok Post
The Energy Regulatory Commission (ERC) has approved an increase in electricity bills between September and December, with the power tariff soaring to a record high of Bt4.72 per kilowatt-hour (unit).
B48bn welfare card boost: 13-15m low-income earners will benefit. At least 48 billion baht will be spent to subsidise the next round of the state welfare card project for low-income earners as the government has approved additional measures to ease people’s living costs amid soaring prices. Bangkok Post
Cabinet okays oil fund guarantee: The cabinet yesterday approved a draft executive decree to allow the Finance Ministry to guarantee the loan repayment and borrowings worth up to 150 billion baht of the Oil Fuel Fund Office. Bangkok Post
Thai Honda on course to reach 10% sales growth: ‘‘ The company is in talks with the Thai government on incentive packages for electric motorcycles as well as charging facilities. SHIGETO KIMURA President, Thai Honda. Thai Honda Co, a manufacturer and distributor of multi-purpose engines, is maintaining its 10% growth target this year, with motorcycle sales expected to stand at around 1.3 million units despite the prolonged semiconductor shortage. Bangkok Post
Shopping subsidy stimulus phase 5 (co-payment scheme) opening for individual registration tomorrow (6am-10pm), program starts September 1.
BOI said investment promotion in 6M22 fell 42% to Bt220b, as there were large pjs approved last year, with Bt36b from Taiwan.
The Barisan Revolusi Nasional (BRN) separatist movement has claimed responsibility for the wave of attacks on convenience stores in the far South early on Wednesday, calling them a symbol of state-backed capitalism that is ruining local economies.
