Shippers predict export growth of 1-2% in 2017, lower than the 2.5-3% forecast by the government, as external risk factors remain abundant. According to Nopporn Thepsithar, president of the Thai National Shippers’ Council (TNSC), the global economy and international trade prospects remain fragile, while tariff and non-tariff barriers are expected to multiply in the new […]
Read MoreThailand’s border trade is expected to continue growing by at least 3% next year, driven by the growing economies of Cambodia, Laos, Myanmar and Vietnam and the popularity of Thai products in those markets. Adul Chotinisakorn, deputy director-general of Foreign Trade Department, said border trade prospects remain strong and promising, while the economies of the […]
Read MoreHANOI – Vietnam stocks are pricier than their Southeast Asian peers for the first time in two years, and they are about to become more expensive. “There is room to grow,” said Dominic Scriven, Ho Chi Minh City-based Chairman at Dragon Capital. “We are looking for 19% net growth for earnings next year,” as the […]
Read MoreThailand’s exports unexpectedly surged 10.2% year-on-year in November, hitting a record high in nine months and raising the government’s hope that whole-year exports could eke out marginal growth this year. The Commerce Ministry yesterday said exports bounced back strongly in November to US18.9 billion after falling 4.2% year-on-year in October and against growth of 3.4% and […]
Read MoreSince the implementation of the Foreign Business Act of 1999, foreign businesses set up in a range of industries in Thailand must have a Thai majority shareholder. One line of business that is exempt from this is import/export trading. This exemption, along with developed infrastructure and a solid legal framework, have made Thailand a hub […]
Read MoreCustoms-cleared exports surged in November thanks to higher demand from major markets, an encouraging sign for the trade-dependent economy. Exports for the month jumped 10.2% year on year, Commerce Ministry data showed on Monday, compared with the median forecast for a 1.55% rise in a Reuters poll and October’s 4.2% drop. The percentage gain was […]
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