Factory closures a growing concern

Quick Summary:

Kiatnakin Phatra Financial Group (KKP) has expressed growing concern over the weakening of Thailand's manufacturing sector after a surge in factory closures.

Following the US presidential election, KKP Research warned that increased trade tensions between the US and China could further deteriorate Thailand's competitiveness, particularly in the automotive segment, based on the rise of electric vehicles produced by Chinese firms.

"Factories classified as an NPL have continued to increase, indicating that more closures are likely," KKP Research reported.

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Article Details

Category: EconomyBusiness

Markets: ThailandChina

Topics: Factory 2023 Number Month Closures Average Factories Manufacturing Research Global 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-12 @ 08:24:00 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21233456

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 15 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 6 hours ago

Coverage Areas: Thailand

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News Language: English

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Publisher ID: #66

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