The Commerce Ministry has put the brakes on face mask exports to ensure sufficient domestic supply, just three working days after exporters asked to ship as many as 18 million pieces. Whichai Phochanakij, director-general of the Internal Trade Department, said the department has yet to grant permission to any exporters because the priority is to […]
Read MoreThailand risks losing its place as the world’s second biggest rice exporter this year thanks to weaker competitiveness and a lack of rice varieties to cater to changing market demand. Charoen Laothamatas, president of the Thai Rice Exporters Association, said amid stiff competition, relatively higher production costs than rivals such as Vietnam, volatile foreign exchange […]
Read MoreLeading e-commerce platforms such as Shopee, JD Central and Lazada are being asked to control overpriced face masks, a move aimed at dealing with the shortage. Boonyarit Kalayanamit, the commerce permanent secretary, talked yesterday with representatives from the leading e-commerce platform providers, asking for their help in limiting price gouging for face masks. “The sales […]
Read MoreLatest data from the Ministry of Commerce shows that from January to December last year, Cambodia exported some US$2.27 billion worth of products to Thailand, up 195 percent compared to a year earlier. For imports, Cambodia spent around US$7.1 billion for Thailand’s products, a decrease of 6 percent compared to 2018. Seang Thay, Spokesperson at […]
Read MoreThe cabinet on Tuesday approved additional tax measures to boost private investment in 10 special economic zones (SEZs) and the flagship Eastern Economic Corridor (EEC). Government spokeswoman Naruemon Pinyosinwat said one of the two measures is a reinstated corporate income tax of 10%, down from 20%. The previous 10% rate expired in December 2017. The 10-year […]
Read MoreMinister of Commerce Pan Sorasak on Tuesday called for Thai investors to tap the vast potential and business opportunities in the country to boost two-way trade to $15 billion in 2020. Speaking at a seminar entitled 2020s Decade of Challenging Economic and Trade Growth between Thailand and Cambodia: In Depth Views from Experts’ Perspectives in Bangkok on […]
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