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JAKARTA: Isuzu Motors plans to relocate a factory from Thailand, where it is the top-selling pickup truck producer, to Indonesia and could start production as early as next year, Indonesia’s industry minister said on Wednesday. Source: Business

Uncertainty over the formation of a new government has dragged investor confidence in the country’s stock market to an eight-month low, a capital markets group said on Wednesday. Source: Business

PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a “long road”. Source: Business

TPI Polene Power Plc (TPIPP), Thailand’s largest waste-to-energy project developer and operator by capacity, will continue to allocate its five-year capital spending of 14 billion baht to replace its coal usage with renewable energy and boost its power generation capacity. Source: Business

Zero-based budgeting (ZBB) is one of the policies included in the 23-point memorandum of understanding signed by leaders of eight political parties seeking to form a new coalition government following the general election. Source: Business

Manufacturers of medical gloves made from rubber latex can expect a continued decline in exports this year, following the easing of Covid-19 infections and a ban on gloves made from natural rubber by some countries, says the Office of Industrial Economics (OIE). Source: Business

The National Innovation Agency (NIA) is continuing to drive the development of the Yothi Medical Innovation District (YMID) initiative in response to demand for the creation of a central medical hub in Asia, says executive director Pun-Arj Chairatana. Source: Business

The Tourism Authority of Thailand (TAT) has jumped at the chance to promote tourism in Ayutthaya after Lalisa “Lisa” Manoban from the South Korean girl group, Blackpink, posted photos while visiting the old city of the World Heritage site on her Instagram account on Monday. Source: Business

The country’s rate of inflation last month plunged to a 21-month low attributed to decreasing fuel prices and electricity bills as well as a high price base in May last year, with the rate expected to continue easing in June. Source: Business

The Stock Exchange of Thailand (SET) and the Association of Investment Management Companies (AIMC) are preparing to use class action law to protect investors’ interests as the Department of Special Investigation (DSI) probes potential fraud among former executives of Stark Corporation. Source: Business