The Commerce Ministry is teaming up with seven leading online platforms to sell premium-grade fruit, the latest attempt to help farmers dispose of produce during the harvest season. According to Commerce Minister Jurin Laksanawisit, the online channel will help fruit growers to drain their output now that several orchards are unable to export their produce […]
Read MoreThe private sector yesterday hailed the government’s easing measures to allow some businesses to start reopening on Sunday, saying the reopening will help spur people to go shopping and provide liquidity to operators. Kalin Sarasin, chairman of the Thai Chamber of Commerce, said the relaxing by the government to allow some businesses, such as small […]
Read MoreThailand’s gems and jewellery sector has suffered from the pandemic, with the Gem and Jewelry Institute of Thailand (GIT) forecasting exports to contract this year. Duangkamol Jiambutr, director of GIT, said the rate of the contraction will depend on how long the pandemic spreads. Prior to the outbreak, GIT forecast shipment growth of 3% this […]
Read MoreThailand’s live social sales on Facebook have surged more than 200% since February as people are hunkered down at home, with the trend likely to continue after the outbreak, says Shoplus, an artificial intelligence (AI) social sales provider from Taiwan. “With the lockdown and closure of retail shops, the company saw Thai online merchants increase […]
Read MoreThe Office of Industrial Economics (OIE) has downgraded Thailand’s manufacturing production index (MPI) for 2020 to a record low of negative 6-7%, with industrial GDP contracting 5.5-6.5%. The drop is a result of the pandemic, the global economic slowdown, the declining export sector, weak domestic purchasing power and droughts. Thongchai Chawalitpichaet, director-general of the OIE, said […]
Read MoreNine commercial banks have sought liquidity support worth a total of 56 billion baht for their purchases of mutual fund units through the Bank of Thailand’s Mutual Fund Liquidity Facility (MFLF) as of April 24, according to central bank data. The MFLF has already provided assistance to 30 mutual funds over the same period, the […]
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