Thailand could drop to the world’s third largest rice exporter, after Vietnam and India, due to a prolonged drought, which has affected rice output, and the strength of the baht currency. Pol Lt Charoen Laothammatas, president of the Thai Rice Exporters Association, disclosed today (Wednesday) that, for the first half of this year, Thailand exported […]
Read MoreThailand has not intervened in the baht for any competitive trade advantage and its foreign exchange transactions have been in line with rapid capital movements, the central bank said on Thursday. The comment came after a media report that Thailand could be added to a US watch list for currency manipulation. The baht has been […]
Read MoreAs many countries are still struggling with the Covid-19 pandemic and international travel restrictions to curb the spread, Thailand is restarting its crucial tourism sector to help counter a recession, starting with domestic tourists. According to the World Travel & Tourism Council report, the tourism sector accounted for 19.7% of Thailand’s GDP in 2019. From […]
Read MoreNew business registrations rose 3% year-on-year in June, as entrepreneurs felt more confident about business prospects after the easing of lockdown measures. The Business Development Department under the Commerce Ministry reported on Wednesday new business registrations totalled 5,731 in June, with combined registered capital worth 14.8 billion baht, down 3% from June last year. On […]
Read MoreHotels still face sluggish sentiment for the upcoming four-day weekend holiday, resulting from concern over the economic situation and complicated processes involved in the “We Travel Together” tourism stimulus measure. As the economy has decelerated because the majority of businesses were affected by the virus to different degrees, many people are now careful about spending […]
Read MoreThailand risks dropping to No.5 in rice exports over the next decade if the country remains complacent and does not develop a long-term rice strategy for seeds and competitiveness, warns the Thai Rice Exporters Association. Charoen Laothammatas, the association’s president, said on Wednesday Thailand is expected to see a continuous drop in exports as the country’s […]
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