Malaysia is allowing Thailand to export rice flour to the western part of the country after shipments were halted for almost 20 years, Commerce Minister Jurin Laksanawisit said on Sunday. The move came after a long-standing ban on issuing licences for Malaysian importers to import rice flour to the west was lifted, he said. “We […]
Read MoreThe Employers’ Confederation of Thai Trade and Industry (EconThai) has come out in support of a daily minimum wage hike if the increase is appropriate based on current inflation. The pay rise is currently being considered by the tripartite national wage committee. Tanit Sorat, vice-chairman of EconThai, said he expects the final rate to be […]
Read MoreBanks have indicated higher interest rates are planned for mortgages and auto loans in response to rising financial costs and a policy rate hike. However, all banks have maintained their benchmark loan rates. Nathapol Luepromchai, executive vice-president of Bank of Ayudhya, who heads the bank’s mortgage division, said banks have begun to stop offering two-year […]
Read MoreThe Commerce Ministry is trying to maintain consumer product prices for as long as possible but has admitted to production cost hikes. Commerce Minister Jurin Laksanawisit, who is also a deputy prime minister, said on Friday that the Department of Internal Trade is closely monitoring the prices of 18 products essential for daily living. “There […]
Read MoreTHAILAND’S exports in May rose a faster than expected 10.5 per cent from a year earlier, helped by increased global food demand and production, and a weak baht, with the trend set to continue this year, the commerce minister said on Friday (Jul 1). Exports, a key driver of Thai growth, beat a forecast rise […]
Read MoreThailand’s customs-based exports in May rose 10.5% from a year earlier, Commerce Minister Jurin Laksanawisit said on Friday, confirming Customs Department data released earlier. In January-May, exports increased 12.9% from a year ago, he told a news conference. The customs data released previously also showed annual imports jumped 24.1% in May and a trade deficit […]
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