Raising the public debt ceiling or issuing emergency borrowing decrees will be considered as a “last resort”, only if global volatility persists and domestic fiscal resources prove insufficient, Finance Minister Ekniti Nitithanprapas says.

The Thai automotive industry is expected to benefit from the government’s proposed car trade-in policy, which Omoda & Jaecoo (Thailand) says will stimulate sales, strengthen supply chains, and accelerate the country’s push towards carbon neutrality.

Prime Minister Anutin Charnvirakul has welcomed the decision by Moody’s Investors Service to revise Thailand’s credit outlook from “negative” to “stable” while affirming its sovereign rating at Baa1.

Local airlines have continued to reduce capacity by consolidating less profitable flights into remaining services to stay afloat amid rising jet fuel prices, while Japan Airlines and ANA announced a doubling of fuel surcharges, with Thailand-bound fuel surcharges increasing from about 3,000 baht to 6,000 baht.

Despite strong demand, average asking prices for industrial land are expected to remain flat due to an influx of land from Chinese investors unable to lease or operate businesses on their plots, according to property consultancy Cushman & Wakefield Thailand.

Supplies of plastic pellets and plastic packaging are sufficient and expected to last until at least July, according to plastic pellet manufacturers, distributors, and industrial users.