VAT reduction from 7% to 4% could save thousands of jobs, says organizer
Grand Prix International, organizers of the 30 th Bangkok International Motor Show have pledged the government to consider temporarily reducing VAT to stimulate passenger car and commercial vehicle sales.
Earlier the Joint Committee on Commerce, Industry and Banking disagreed with the auto industry's appeal for a temporary... (read more)
Overall export value to drop 15 percent if main orders vanish
The US economic downturn will force the country's 20 or so high-end garment manufacturers to cut thousands of employees from payrolls this year as orders fade away.
"If they cannot export to the US market, it will hit the industry's export value by 15%," Wallop Vitanakorn, president of Hi-Tech Group, the country's... (read more)
Vipin Wilson,
Bangkok, Dec 15: Vehicle sales in Thailand fell by 9.9 percent in November year-on-year to 57,800 units due to sluggish consumer sentiment amid rising violence in the South, Toyota Motor Thailand said Friday.
Despite falling oil prices, car sales also declined due to prolonged severe flooding, which affected nearly 60 per... (read more)
Vipin Wilson,
Bangkok, Nov 24: Mazda Motor Corp. is reportedly planning to invest more than 50 billion yen to setup a manufacturing plant in Thailand in collaboration with Ford Motor.
The company might even setup a plant in the United States in the near future. The company is owned one third by the US automaker Ford and they might be... (read more)
The full-sized MPV with new names & features to appeal to premium market
Hyundai Motor (Thailand) officially launches the new Hyundai H-1 line up for 2009 with new features and new names to attract both high-end business and family customers, who believe they deserve optimum comfort in city and distant riding at excellent prices.
The full-sized MPV, still powered by a 2.5-liter CRDi turbo diesel... (read more)
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