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Thailand: Shipper council raises 2017 export outlook to 5%

The Thai National Shippers’ Council (TNSC) has revised the 2017 export growth forecast up to 5% from its previous forecast of 2.5-3.5%, as exports rose in the second quarter of the year, indicating recovery in major importing countries.  TNSC chairwoman Ganyaphad Tantipipatpong said strong demand has lifted export growth substantially, with shipments in June growing 11.7% […]

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Thailand may export 11m tonnes of rice this year

Thailand is likely to export 11 million tonnes of rice this year, higher than its target, Commerce Minister Apiradi Tantraporn said on Wednesday. “Thailand is negotiating rice deals with many countries such as Sri Lanka and Bangladesh,” Ms Apiradi told reporters. “This will help improve Thai rice prices and push our export volume up to 11 million tonnes,” she said. Thailand, the […]

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New Cambodia crossing to Sa Kaeo in the works

Banteay Meanchey provincial authorities plan to create a new border crossing into Sa Kaeo to alleviate heavy traffic at the Poipet checkpoint and also offer migrant workers a new, legal passageway into Thailand. Officials held a meeting at the provincial hall on Monday to discuss opening a new border crossing in Ou Chrov district, the Khmer […]

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Indonesia: Rupiah Strengthens by 10 points Wednesday Morning

TEMPO.CO, Jakarta – The rupiah was trading stronger by 10 points to Rp13,314 per US dollar in Jakarta interbank market this morning. Samuel Sekuritas economist Rangga Cipta said today that the rupiah is getting stronger against US dollar as the Central Statistics Agency (BPS) releases July inflation figures that remain steady. “Despite lower inflation due to weakened consumer purchasing power, the market has responded positively,” he said. The BPS records 0.22 inflation rate in July. As such, 2017 year to […]

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Myanmar latest addition in Starbucks’ ASEAN rush

The American coffee giant will soon have only Laos left to complete its ASEAN collection The leaf bests the bean in most of Asia, but that does not seem to affect Starbucks’ active expansion in the region. With the first store in Myanmar set to open in December this year, the American coffee franchise will soon only […]

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Thailand: Consumer prices rebound in July after 2-month slide

Consumer prices, which indicate the country’s inflation rate, rose in July after a two-month contraction.  The increase was largely due to energy prices rising in line with global oil prices, as well as higher seasonal food prices.  Pimchanok Vonkorpon, director-general of the Commerce Ministry’s Trade Policy and Strategy Office, said the July consumer price index […]

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