Thailand Company News

Thailand's auto industry is targeting production of 3 million vehicles annually by 2015, pushing the country into the top 10 from its present 12th ranking.

Tipco F&B, a Thai-Japanese joint venture, aims to double its beverage sales to 5 billion baht by 2015.

S.P.S. Group, a major local furniture exporter, is targeting 5 billion baht worth of exports in three years after being named a major supplier to Ikea, the popular Swedish do-it-yourself furniture chain.

Amid positive signs of a tourism revival,international tourist arrivals in the first five months of this year rose 24.36% to 8.2 million, according to the Tourism Authority of Thailand (TAT).

Association of Thai Travel Agents' members handled 216,257 international travellers at Suvarnabhumi Airport in May representing a remarkable growth of 212.93% from 69,107 visits during the same month last year, according to the association's latest data.

Google is introducing free websites to help 50,000 small Thai businesses get online over the next 12 months, says Julian Persaud, managing director of Google Southeast Asia.

The Thailand Restaurant Association (TRA) warns that foreign food chains are posing a greater threat to Thai restaurant operators amid government indifference and failure to promote the local industry.

Colliers Thailand has announced the sale of the former Embassy of Japan to Singha Property Development and Max Future Co, both wholly-owned subsidiaries of Boon Rawd Brewery which produces Thailand’s famous Singha Beer.

The Thailand Futures Exchange yesterday kicked off its silver futures trading with 555 contracts in the first two sessions, which is seen an encouraging sign as it also hopes to introduce oil and exchange-rate products later this year.

CAT Telecom and TOT Plc plan to merge their third generation (3G) networks to provide blanket high-speed wireless broadband coverage nationwide through a roaming agreement.