The Commerce Ministry has launched measures to increase rice exports to 6 million tonnes this year, valued at around 150 billion baht, with Indonesia, China, Bangladesh and Iraq set to be the main markets under government-to-government (G2G) deals. G2G deals and a campaign to make Thai rice more recognisable among other communities around the world […]
Read MoreExports in February dropped a bigger-than-expected 2.59% from a year earlier, weighed down by lower gold shipments, the commerce ministry said on Thursday. The reading compares with a fall of 1.50% forecast in a Reuters poll and a 0.35% increase in January. Excluding gold, exports would have increased 4.01% in February. Source: https://www.bangkokpost.com/business/2089455/exports-drop-2-59-y-y
Read MoreE-commerce giants Lazada and Shopee are locked in a fierce battle to stimulate online shopping demand and attract new buyers embarking on the platforms amid an economic stalemate while the season of festive sales is just around the corner. Thailand’s e-commerce surged 81% year-on-year to 294 billion baht in 2020, according to a report commissioned […]
Read MoreThe Bank of Thailand on Wednesday slashed its economic growth forecast this year to 3% from 3.2% made in December, given the impact of the second wave of Covid-19 infections and tepid tourism. Titanun Mallikamas, secretary of the central bank’s Monetary Policy Committee (MPC), said the second wave of infections that emerged in December resulted […]
Read MoreThailand is expected to return to the pre-pandemic level of international arrivals of almost 40 million in five years, according to Finance Minister Arkhom Termpittayapaisith. Speaking at a seminar held on Wednesday by the Securities and Exchange Commission (SEC), he said the tourism sector is expected to recover gradually, with a great number of foreign arrivals […]
Read MoreAs demand for self-built homes remains strong, particularly in the high-end segment, homebuilder Landy Home (Thailand) is aiming for sales growth of 15% to 2.4 billion baht this year. Pornrat Maneerattanaporn, the company’s deputy managing director, said demand for self-built homes is always strong regardless of the economic conditions. “Demand rose during the pandemic as […]
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