BKK:THAI

Thailand Greenlights Nine Investment Projects Worth $2 Billion

Thailand has approved nine investment projects worth 66.3 billion baht ($1.99 billion) across artificial intelligence, advanced electronics, aviation, clean energy and food manufacturing, the country's investment board said Wednesday.The initiative came as Thailand seeks to attract global companies relocating supply chains to Southeast Asia. The approvals include AI infrastructure by Japan's Datasection (TYO:3905), electronics materials plants by South Korea's Doosan Electro-Materials, and Taiwan Union Technology (TPE:6274), and a glass fiber fabric facility by Fulltech Fiber Glass (TPE:1815).Other major investments include Nestlé (Thai) expanding its coffee production facilities, Thai Airways (BKK:THAI) leasing eight passenger aircraft, and two wind power projects by Lomrak Green Energy.The Thailand Board of Investment said it has also expanded its energy oversight body to streamline approvals for data center projects and ensure adequate power and clean energy supply. The government is rolling out measures, including dedicated electricity tariffs, faster grid upgrades and support for direct renewable power purchases to accommodate future high-tech investments.

Market Chatter: Thai Airways Sees Travel Demand Moderating This Year

Thai Airways International (BKK:THAI) expects travel demand to moderate this year amid economic uncertainty stemming from the conflict in the Middle East and fare reductions by major carriers, Bloomberg News reported Thursday, citing Chief Executive Officer Chai Eamsir."The consumer has to think twice before spending money, that's why we saw some slowdown in forward bookings coming in," Eamsiri was quoted by Bloomberg as saying.After initially benefiting from the Middle East conflict as travelers sought to avoid Gulf transit hubs, Thai Airways is now facing pressure from lower ticket prices offered by competitors. The carrier has reduced flight frequencies in recent months due to weaker demand and high jet fuel costs, according to the report.Looking ahead, Thai Airways remains optimistic about its long-term growth prospects. Eamsiri said the airline has held discussions with Boeing and Airbus on a potential order for 10 widebody aircraft and plans to retrofit 14 jets with premium economy cabins.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Market Chatter: Thai Airways to Cut Flights as Fuel Costs Rise

Thai Airways International (BKK:THAI) plans to cut flight frequencies across Asian and European routes in May amid higher fuel costs and softer travel demand, VN Express reported Monday.In Asia, the airline plans to reduce or suspend services to destinations including Singapore, Cambodia, and several North Asian cities. European routes such as Frankfurt, Munich, Copenhagen, and Stockholm will also see fewer weekly flights.The airline said the adjustments are aimed at aligning capacity with demand and managing rising operating expenses.The move comes as regional carriers face pressure from higher aviation fuel costs and weaker tourism trends, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

CGS International Downgrades Thai Airways International to Hold from Add; Price Target is THB6.40