AI In-brief 11 Sept 14:52

FTI backs restructuring of vehicle taxation to boost local EV supply chains

The Federation of Thai Industries (FTI) strongly supports overhauling the automotive tax structure to incentivize domestic investment and manufacturing in the electric vehicle (EV) sector.
The proposed tax reforms aim to encourage local production, promote the use of domestic parts and raw materials, and integrate small and medium-sized enterprises (SMEs) into the modern EV supply chain.
This initiative responds to Thailand's rapidly transforming auto sector, marked by an 88% year-on-year increase in Battery Electric Vehicle (BEV) registrations and significant Board of Investment approvals for EV-related projects.
The restructuring seeks to ensure fair competition, transfer technology, upskill the workforce, and solidify Thailand's position as a global production and export hub for electric vehicles.

AI In-brief Yesterday 16:18

Food industry expansion slows amid surging costs and weak consumer spending

Thailand's food and beverage market is projected to grow 3.9% to 682 billion baht by 2026, yet this growth rate continues to decelerate.
Operational costs are surging, with production expenses up over 20% and logistics over 70%, severely squeezing profit margins for businesses.
Weak consumer spending and intense competition compel businesses to innovate, diversify sales channels, and target younger demographics to maintain competitiveness.
Government efforts are underway to support food operators by upgrading skills, creating market opportunities, and establishing vital business networks.