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Thailand: June exports defy baht, jump 11.7%

Exports in June surged 11.7% year-on-year despite the firmer baht, supported by strong orders from traditional markets and boosting the government’s confidence of meeting the full-year target of 5% growth in export value.  The double-digit growth in June after a 13.2% leap in May signals a brighter outlook for the second half, the Commerce Ministry said, […]

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GMS gets closer to a food safety strategy

A draft five-year strategy for promoting safe and environment-friendly agriculture products in the Greater Mekong Subregion (GMS) that would enhance regional food safety and promote trade is expected to be finalised today, according to the Asian Development Bank. “The five-year Regional Strategy and Action Plan (2018-2022) for Promoting Safe and Environmentally-Friendly Agro-based Value Chains focuses on […]

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Thailand: 24 provinces to be promoted in 2018

Twenty-four second-tier provinces will be highlighted in next year’s “Diversity Amazing” tourism campaign.  The Tourism and Sports Ministry will continue to promote tourism in these 24 second-tier provinces, said Tourism and Sports Minister Kobkarn Wattanavrangkul.  The provinces’ distinct cultures and products will be the main theme of the Diversity Amazing campaign, which will drive local […]

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BoT: Baht a lesser influence on exports

The purchasing power of major trade partners and production restructuring to keep up with demand are having larger effects on exports than the baht’s movement, says a senior official at the Bank of Thailand. Vachira Arromdee, assistant governor of the financial markets operations group, gave the example of the baht’s strength against the greenback between 2005 and […]

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