Govt urged to increase import duty on cheap Chinese products

19 Sept 06:07 Key points summarised by AI

The Federation of Thai Industries (FTI) urges the government to increase import duties or limit cheap Chinese products to safeguard local factories.
Hundreds of Thai factories have closed, resulting in 15,000 job losses, as they struggle to compete with low-cost Chinese imports.
China has increased exports to ASEAN countries, including Thailand, due to rising import restrictions from the US and European Union.
FTI also recommends reducing domestic production costs and restructuring Thai industries to enhance their overall competitiveness.

Thailand secures US$200m World Bank loan for clean energy and low carbon cities

Today 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).