The Commerce Ministry has adjusted the base year in calculating the consumer price index (CPI), a gauge of headline inflation, starting with January’s figures to keep pace with changing social and economic conditions. According to Pimchanok Pitfield, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, the ministry will start applying 2019 […]
Read MoreThe Kingdom’s real economic growth is expected to recover by 4 percent in 2021 following a contraction of 3.1 percent in 2020, according to a report from the Ministry of Economy and Finance (MEF). The report included 2021 sector-by-sector growth projections of 0.3 percent for hotels and restaurants, 4.5 percent for the garment industry, 2.9 […]
Read MoreThai food export value is expected to rise by 10.2-12.2% year-on-year to 1.08-1.10 trillion baht this year as prices of some farm produce are set to increase, thanks to growing demand for food in overseas markets, says Industry Minister Suriya Jungrungreangkit. The ongoing spread of infections in many countries will benefit the Thai food processing […]
Read MoreMANILA, Philippines — The Duterte administration is eyeing to raise P140 billion in new peso debt next month through the sale of government securities as part of an ongoing fundraising activity to pay for the state’s rising pandemic bill. The government will raise a cumulative P80 billion by issuing Treasury bills due on 3, 6 and 12 months […]
Read MoreThai manufacturers and exporters are being urged to improve their competitiveness in the European market as prospective EU buyers may shift to cheaper goods from Vietnam after the EU-Vietnam free-trade agreement (FTA) became effective in August 2020. Auramon Supthaweethum, director-general of the Trade Negotiations Department, said EU buyers may consider importing products from Vietnam instead […]
Read MoreThailand has changed the base years for its consumer and production price indexes to better reflect consumption and manufacturing amid the coronavius pandemic, the Commerce Ministry announced on Wednesday. The base year for the consumer price index (CPI) was changed from 2015 to 2019, the year when its latest population survey was completed and before […]
Read More
Thailand
