Thai food export value is expected to rise by 10.2-12.2% year-on-year to 1.08-1.10 trillion baht this year as prices of some farm produce are set to increase, thanks to growing demand for food in overseas markets, says Industry Minister Suriya Jungrungreangkit. The ongoing spread of infections in many countries will benefit the Thai food processing […]
Read MoreThai manufacturers and exporters are being urged to improve their competitiveness in the European market as prospective EU buyers may shift to cheaper goods from Vietnam after the EU-Vietnam free-trade agreement (FTA) became effective in August 2020. Auramon Supthaweethum, director-general of the Trade Negotiations Department, said EU buyers may consider importing products from Vietnam instead […]
Read MoreThailand has changed the base years for its consumer and production price indexes to better reflect consumption and manufacturing amid the coronavius pandemic, the Commerce Ministry announced on Wednesday. The base year for the consumer price index (CPI) was changed from 2015 to 2019, the year when its latest population survey was completed and before […]
Read MoreAuthorities plan to keep greater Bangkok zoned red for maximum Covid-19 control, but restrictions on business and activities could be eased to varying degrees in other areas next month, a government spokesman said on Wednesday. Taweesilp Visanuyothin, spokesman for the Centre for Covid-19 Situation Administration, said the CCSA’s sub-committee on easing business and activity restrictions […]
Read MoreThe manufacturing production index in December dropped a more than expected 2.44% from a year earlier, according to figures released by the Industry Ministry on Wednesday. It was dragged down by lower production of petroleum, sugar and rubber, the ministry said. The reading compared with a forecast fall of 1.2% in a Reuters poll. Source: https://www.bangkokpost.com/business/2058039/factory-output-down-2-44-y-y
Read MoreThe Bank of Thailand and the Office of the Court of Justice have signed a memorandum of understanding (MoU) on mediating legal financial disputes for financially-distressed borrowers and small and medium-sized enterprises (SMEs). The MoU provides a standard of practice for settling disputes such as defaulting on interest payment, stipulating a suitable loan repayment period […]
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