New wave harms factory capacity
FTI predicts losses of B100bn as cases soar
The Federation of Thai Industries (FTI) expects the third wave of Covid-19 to cause losses of around 100 billion baht to the manufacturing sector, prompting automakers to adjust their car production targets for this year.
The outbreak, which began earlier this month, will affect factories, especially those supplying the tourism and service markets, said the federation.
People are fixated on virus spread, staying at home and restricting travel to avoid the disease, said the FTI.
As a result, spending looks…
