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Phu Nam Rom border crossing reopened for freight

KANCHANABURI: The Phu Nam Rom border crossing in Muang district will reopen from Wednesday for transport of cargo between Thailand and Myanmar. Governor Jirakiat Phumsawat, chairman of the provincial communicable disease committee, issued an order on Tuesday to open the Phu Nam Ron checkpoint, opposite Myanmar’s Tiki checkpoint. He said the Covid-19 situation on the […]

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Thailand: Green light for online action plan

The cabinet on Monday gave the go-ahead to the national e-commerce development action plan phase I, which spans 2021-2022 and aims to boost e-commerce revenue to more than 5.35 trillion baht next year. Rachada Dhnadirek, a deputy government spokeswoman, said the Commerce Ministry’s action plan will play a vital role in driving Thailand’s digital economy […]

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Thailand: July exports rise, but Covid curbs hit activity

The economy in July was increasingly impacted by the country’s worst Covid-19 outbreak and tighter restrictions that extended into August, but fiscal policy and exports lent some support, the central bank said on Tuesday. The nation’s containment measures were imposed in July and August in Bangkok and other areas which account for about 80% of […]

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SE Asia added 70 million online consumers during pandemic

The Southeast Asia region, led by Indonesia, added 70 million new online shoppers since the start of the pandemic, according to an annual report by Facebook Inc and Bain & Co. Surveying more than 16,000 people across Singapore, Malaysia, the Philippines, Indonesia, Thailand and Vietnam, the researchers found a rapid pace of digital adoption during […]

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Thailand: E-commerce expected to record double-digit growth

Despite the sluggish economy that could lead to cautious spending in the second half, Thailand’s e-commerce industry is still expected to see double-digit growth this year, driven by the new normal shopping trend, says e-commerce platform Lazada. “In the past three months, we have seen cautious spending from customers of LazMall [a virtual mall feature […]

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Thailand: July manufacturing output rises 5.1% y/y, below forecast

Thailand’s manufacturing production index (MPI) in July rose 5.12% from a year earlier, lifted by higher production of autos, electronics and rubber, the Industry Ministry said on Monday, missing analyst forecasts. The reading compared with a forecast for an increase of 11.0% in a Reuters poll and June’s revised 18.27% rise. Source: https://www.bangkokpost.com/business/2173491/july-manufacturing-output-rises-5-1-y-y-below-forecast

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