Isuzu to invest Bt32b over next 5 years to develop new vehicle models including e-truck, aims to exports to EU by end of FY25: positive AH (Isuzu account for 33% of earnings), SAT is 2nd best @ 11%, Thunhoon.
Indian-based airline, IndiGo, introduce direct flights from Hyderabad to BKK effective Feb 26 this year, lifts total to 37 weekly flight from 6 cities in India connected to BKK & 20 flights to Phuket.
Cabinet approved Bt 15b budget to procure e-buses to phase out fossil-fuel buses from BMTA fleets by FY32: positive EA, NEX.
Samui Airport saw 2.2m arrivals in 2023, +67% yoy, with 207,096 in Dec alone.
Savings bonds in the offing: First batch worth B40bn to be issued by March. The Finance Ministry is to issue government savings bonds worth 40 billion baht within March to roll over the state’s debt burden. The Finance Ministry is planning to issue government savings bonds worth 40 billion baht within March to roll over the government’s debt burden, says Deputy Finance Minister Julapun Amornvivat. Bangkok Post
Car production to see 3.17% increase: Thailand’s car production is estimated to increase by 3.17% to 1.9 million units this year amid economic challenges, says the Federation of Thai Industries (FTI). Last year, total car production reached 1.84 million units, lower than the target of 1.85 million, because of sluggish domestic sales and the impact of the global economic slowdown on car exports. In 2024, car production for export is expected to stand at 1.15 million units while manufacturing for domestic sales should reach 750,000 units, said Surapong Paisitpatanapong, vice-chairman of the FTI and spokesman for the FTI’s Automotive Industry Club. Bangkok Post
El Niño to push up farm debts: Farmers’ debt is expected to increase by 8% or 89.3 billion baht this year, following a drop in crop yields, especially rice and rubber, as a result of the El Niño impact, according to economics analyst Aat Pisanwanich. Total debt in Thailand’s agricultural sector is estimated to stand at 11.7 trillion baht. Bangkok Post
Bangkok land prices set for record: Central expected to buy Ploenchit plot. The land price per square wah in Bangkok is expected to reach a new record high of more than 4 million baht for a plot on Ploenchit Road owned by the Sukosol family being purchased by Central Group, according to a source in the property industry who requested anonymity. Bangkok Post
MFP faces dissolution bid: Activists cite stance on lese majeste to EC. The Move Forward Party (MFP) may be facing the prospect of disbandment as prominent activists have petitioned the Election Commission (EC) to initiate dissolution proceedings against it due to the party’s stance on royal insult laws. Bangkok Post
Rice exports set to dip 14.4% this year: Shipments poised to reach 7.5m tonnes. Thailand’s rice shipments are expected to fall by 14.4% this year because of lower production and greater competition, according to the Foreign Trade Department. Bangkok Post
