Used Car Market Stalls in Economic Woes

CHIANG MAI, July 8 (TNA) – Chiang Mai’s used car dealerships struggle to survive amidst economic woes and price wars. In the midst of fierce price wars between electric and gasoline cars, coupled with the challenging economic conditions leading to a surge in repossessed vehicles and stricter financing, Chiang Mai’s used car dealerships are facing […]

Thai Army Rescues Moroccans from Phone Scam Gang

TAK, July 5 (TNA) – Defense Minister Sutin Klungsang has commended the Royal Thai Army (RTA) for their swift action in rescuing over 20 Moroccan nationals from a call center scam gang in a neighbouring country. The operation was initiated by the House Committee on Security Affairs and Border Affairs, who informed the RTA of […]

Phuket Floods Cause Damage, Prompt PM Visit

PHUKET, July 5 (TNA) – Heavy rains in Phuket over the past week have caused flash floods and inundations, affecting a wide range of residents. The Prime Minister is scheduled to visit the area today to monitor relief efforts as more rain is expected in the coming days. Six days after the initial flooding, residents […]

BYD Opens Major Thai EV Plant

BANGKOK, July 5 (TNA) – BYD, in collaboration with Rêver Automotive Co., Ltd., has officially opened an electric vehicle (EV) manufacturing plant in the WHA Rayong 36 Industrial Estate. This is BYD’s first plant in Thailand, aiming to establish the country as the EV hub of ASEAN. The plant will produce right-hand drive electric vehicles […]

Govt  Prepares for Digital Wallet Registration

BANGKOK, July 4 (TNA) – The Finance Ministry is set to launch a 10,000-baht digital wallet initiative, with registration opening in August 2024 for 50 million people. Thailand’s government plans to give citizens 10,000 baht electronically to spend at local stores. This aims to boost the economy, but the program targeted Thais over 16 years […]

World Bank Lowers Thai GDP Forecast

BANGKOK, July 3 (TNA) – The World Bank has revised down its forecast for Thailand’s GDP growth in 2024 to 2.4%, from the previous projection of 2.8%. This adjustment does not account for the potential impacts of the digital wallet initiative. The Bank emphasizes the need for long-term economic measures to stimulate growth. Despite this, […]

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