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Drought, floods and other extreme weather exacerbated by climate change could cause damage worth 36 billion baht to the Thai economy this year, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB). Source: Business

The private sector is concerned that Thai GDP growth could decline to 1-2% if the formation of the new government is delayed from the timeline by six months or more. Source: Business

Two Japan-based data centre providers have invested US$164 million (5.5 billion baht) in Thailand to build and expand data centres, cashing in on the trend of digital transformation and the exponential growth of cloud computing. Source: Business

The International Air Transport Association (IATA) expects Asia-Pacific aviation to gradually recover throughout this year, despite some hiccups in the supply chain and a few Covid travel restrictions still being in place. Source: Business

The investor confidence index retreated to bearish territory for the first time in eight months in May as political conflicts and an economic slowdown undermined sentiment, suppressing the positive impact of a tourism recovery, says the Federation of Thai Capital Market Organizations (Fetco). Source: Business

Energy authorities are continuing their push for the National Oil Plan, aiming to generate 170 billion baht for the Thai economy through a range of projects, including further development of cleaner energy, says the Department of Energy Business. Source: Business

SET-listed digital solutions provider Turnkey Communication Services (TKC) is joining forces with three European technology companies to tap smart building and smart city development in Thailand, in line with the government’s digital transformation roadmap. Source: Business

State banks are increasing their interest rates following the Bank of Thailand’s policy rate hike. Source: Business

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