Thailand may be unique in handling the domestic prices of products and services. Whenever manufacturers and business operators shoulder higher production costs and ask state units for permission to raise their prices, the Internal Trade Department always rushes to call a joint meeting with them. Most of the time, the manufacturers and operators come to an […]
Read MoreThe manufacturing production index (MPI) for January dropped by a slightly less-than-expected 4.35% from a year earlier as a global slowdown hurt exports, the Industry Ministry said on Tuesday. The figure compared with a forecast fall of 5% in factory output for January in a Reuters poll, and came after December’s revised 8.45% year-on-year decline. […]
Read MoreDemand for Thai rice in the international market remains strong, with Commerce Minister Jurin Laksanawisit expecting the country’s exports to potentially increase to 8 million tonnes this year. Speaking after a discussion with the Thai Rice Exporters Association, Mr Jurin said on Monday that the weak baht, increased stocks for domestic consumption in India and Vietnam, and […]
Read MorePrivate consumption improved in January, according to the Fiscal Policy Office’s director-general Pornchai Thiraveja. He said the consumer confidence index rose for the eighth consecutive month to 51.7 in January, from 49.7 a month earlier. Headline inflation and core inflation in January were 5.02% and 3.04%, respectively. “The Thai economy in January was supported by the […]
Read MoreThe baht fell to less than 35 against the US dollar on Monday and recorded its lowest level for two months, after being the most volatile currency traded in the region this year. The baht opened at 34.93 per dollar on Monday. During day-trade, it weakened to 35.16 against the greenback before closing at 35.10. […]
Read MoreCambodia and Thailand discussed a new course of action in trade, education, tourism, job, connectivity, security and defence on February 23-24. Prak Sokhonn, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, and Don Pramudwinai, Deputy Prime Minister and Minister of Foreign Affairs of the Kingdom of Thailand, stressed joint efforts to reach […]
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