Thailand claims ‘eco’ niche in Asia’s small-car production

Bangkok - Thailand, already the world’s second largest producer of one-ton pickup trucks (after only the US), earlier this month secured itself an eco-car niche in the globe’s competitive auto manufacturing sector. On April 2, Thailand’s Board of Investment (BoI) granted tax incentives to Toyota, Mitsubishi and Tata to invest a combined 536 million dollars [...]

Mittal sees investment potential in Thailand

Lakshmi Mittal, chief executive of steel giant ArcelorMittal, said Wednesday at an economic conference organized by former Thai Prime Minister Thaksin Shinawatra that Thailand has good investment potential but needs to work to boost productivity
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He said he was willing to consider possible investments in Thailand by the world’s largest steelmaker.
“Thailand has lots of potential in [...]

Central bank leaves rate unchanged at 3.25%

Thai central bank announced Wednesday it has decided to leave benchmark rate unchanged at 3.25 per cent in fears over higher inflation.
BOT assistant governor Duangmanee Vongpradhip said the bank is concerning wider gap between the US and Thai’s interest rates, which might welcome short-term capital infusion.
She said the central bank believes inflation might be tapered [...]

Fitch slashes rating on Siam Cement

Fitch Ratings announced Wednesday it has downgraded Thailand’s largest industrial conglomerate Siam Cement Plc’s profit outlook from stable to negative.

The rating agency said the revision is base on SCP’s clouded outlook of weaker sales and higher raw materials plus energy costs—not mention to uncertain global demand in Portland cement.

Fitch said Siam Cement’s plan to invest [...]