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Top related persons:
Jorge Silva - 1 Kriengkrai Theinnukul - 1 EVs - 1 Kitiphong Thaichareon - 1 Orathai Sriring - 1 Martin Petty - 1
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Search resuls for: "Federation of Thai Industries"


3 mentions found


☆ Thailand approves new, scaled down EV subsidy package - industry official
  + stars: | 2023-11-01 | by ( ) www.reuters.com   time to read: +1 min
An electric car is seen while being charged during the opening of a PTT Pcl energy firm's commercial EV (Electric Vehicle) charging station, in Bangkok, Thailand, August 15, 2016. REUTERS/Jorge Silva/File Photo Acquire Licensing RightsBANGKOK, Nov 1 (Reuters) - Thailand on Wednesday approved a new subsidy package for electric vehicles, an industry official said, in a move to support EV sales in a top regional auto hub where battery-powered cars are steadily gaining traction. The new package approved by the National Electric Vehicle Policy Committee includes a lower subsidy than the current scheme ending this year, chairman of the Federation of Thai Industries, Kriengkrai Theinnukul, told reporters. EVs have enjoyed strong sales in Thailand this year, accounting for about half of all EV sales in Southeast Asia in the second quarter. Thailand currently offers a government subsidy of up to 150,000 baht ($4,100) per vehicle, but the amount could be brought down to 100,000 baht, a government official said last month.
Persons: Jorge Silva, Kriengkrai Theinnukul, EVs, Kitiphong Thaichareon, Orathai Sriring, Martin Petty Organizations: PTT, REUTERS, Rights, National Electric Vehicle, Federation of Thai Industries, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, Southeast Asia, BYD
☆ Thai power price hike to hurt business, competitiveness - business group
  + stars: | 2022-12-23 | by ( ) www.reuters.com   time to read: +2 min
BANGKOK, Dec 23 (Reuters) - Thailand's decision to hike electricity prices by 20% in early 2023 will push up inflation and undermine the country's competitiveness as the economy recovers gradually from the pandemic, a leading joint business group said on Friday. The business group urged the government to delay the price hike as manufacturers would be forced to increase the price of goods, said the group, which includes representatives from industry, banking and commerce. Surong Bulakul, vice chairman of the Thai Chamber of Commerce, said higher power prices could increase inflation to 3.5% next year, from 3% currently forecast, with interest rates on the rise. On Monday, the central bank said it would continue to raise rates for a while to help the economy and curb inflation. ($1 = 34.70 baht)Reporting by Orathai Sriring, Kitiphong Thaichareon Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.
☆ Thai industrial sentiment at near 3-year high in Sept on tourism rebound
  + stars: | 2022-10-12 | by ( ) www.reuters.com   time to read: +1 min
The Federation of Thai Industries (FTI) said its industries sentiment index rose to 91.8 in September from 90.5 in the previous month. Sentiment was also boosted by a weak baht , which hovered at 16-year low against the dollar, FTI chairman Kriengkrai Thiennukul said in a statement. An index that projects industrial sentiment over the next three month increased to 101.8 in September from 99.5 in August. "Entrepreneurs see the economy improving steadily mainly on a pick-up in tourism, but higher costs remain a risk," Kriengkrai said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kitphong Thaichareon, Satawasin Staporncharnchai Editing by Ed DaviesOur Standards: The Thomson Reuters Trust Principles.
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