Thailand Business News — Morning Briefing
South Korean and other Asian technology markets suffered a severe sell-off on Friday, 6 November, following Wall Street's largest technology-led decline in more than a year.
Friday, November 6, 2026 — Thailand's Gulf Development reported a 28% increase in net profit to THB9.289 billion for the third quarter of 2026, driven by expansion in power generation, digital infrastructure and telecommunications. Total revenue grew 75% to THB52.809 billion, while core profit increased 24% to THB9.045 billion. The energy business remains the primary growth driver, with Gulf Pluak Daeng's power-generation load factor rising to 72% from 45% a year earlier.
Indonesia's economic growth is accelerating, contributing to record portfolio withdrawals from emerging markets and a sharp sell-off in technology stocks across Asian markets. Thailand is also exploring a trade-in programme for older pickup trucks and commercial vehicles to boost automotive demand and promote cleaner transport. The government plans to introduce higher taxes on vehicles that don't meet local-content requirements in three years.
The proposed scheme primarily targets pickup trucks and larger commercial vehicles, with replacement vehicles required to comply with alternative-energy policies like B20 biodiesel.
Written by urgent.news from Thailand Business News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Thailand Business News — Morning Briefing thailand-business-news.com
