The Thai National Shippers’ Council (TNSC) still believes exports can eke out growth of 0-1% this year, as it urges swift establishment of a new government to spur the country’s trade competitiveness and address economic issues. Chaichan Chareonsuk, chairman of the TNSC, said Thai exports from May to June are likely to slightly contract year-on-year, resulting […]
Read MoreThe Thai baht led losses amid mixed trade in most Asian currencies on Tuesday, as US economic data pointed to sluggish growth in the country’s services sector, strengthening the case for a pause in interest rate increases by the Federal Reserve next week. The baht weakened as much as 0.7% and was trading close to 34.80 […]
Read MoreThailand’s exports are likely to be flat or rise up to 1% this year as global demand has slowed but a weak baht is providing support, the Thai shippers’ council said on Tuesday. The strong export markets were the United States and Europe, but China was not as active though gradually improving, Thai National Shippers’ Council […]
Read MoreThailand’s headline inflation rate dropped to its lowest in 21 months in May due to falling energy and food prices and a high base in 2022, the Commerce Ministry said on Tuesday. The headline consumer price index (CPI) rose 0.53% in May from a year earlier, below a forecast rise of 1.70% in a Reuters poll, […]
Read MoreStarting this month, the exchange of financial information should help combat transnational tax evasion, says director-general of the Revenue Department Lavaron Sangsnit. In 2017, Thailand joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as the 139th member state to the Convention on Mutual Administrative Assistance in Tax Matters (MAAC), a multilateral […]
Read MoreThailand’s future food industry is projected to grow 5% this year, driven by emerging trends and increasing demand for healthier and more environmentally friendly food options. According to Visit Limlurcha, president of the Thai Future Food Trade Association, there are ample opportunities for exports because of global trends, leading to significant changes in production, economies, lifestyle, […]
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