BENGALURU: Rice export prices in Thailand rose this week on worries that the country’s worst drought in about a decade could further squeeze supply, while Vietnam explored potential deals in the south American market. Thailand’s benchmark 5-percent broken rice prices rose to US$406-$425 a tonne on Thursday from $395-$405 quoted last week. “Harvesting has started […]
Read MoreThe baht is defying the conventional wisdom that an interest-rate cut spurs weakness in a currency. The currency rose 0.2% on Thursday, erasing all of its decline the previous day when the Bank of Thailand delivered a surprise rate cut. The baht has proved resilient amid this month’s market turmoil and is up about 8% […]
Read MoreVietnam is investigating the alleged dumping of plastic film material from China, Thailand and Malaysia, hurting the local industry. The investigation was initiated Monday at the request of two plastic producers, Taiwanese firm Hung Nghiep Formossa and South Korean firm Youl Chon Vina, on biaxially-oriented polypropylene (BOPP), a plastic film material used to make tapes. […]
Read MoreThe Bank of Thailand stunned the market on Wednesday by following the lead of other major central banks with a 25-basis-point rate cut, the first rate decrease since 2015, in an effort to boost the economy. The Monetary Policy Committee (MPC) voted 5-2 to cut the benchmark rate from 1.75% to 1.5%, akin to the […]
Read MoreCommerce Minister Jurin Laksanawisit has pledged to speed up talks on pending free trade agreements (FTAs), both on a regional and bilateral basis, including the Regional Comprehensive Economic Partnership (RCEP), Thai-EU FTA and talks with Turkey, Sri Lanka, Pakistan and Britain. Mr Jurin, who chaired the first meeting with senior ministry officials on Wednesday, said […]
Read MoreThe Federation of Thai Industries (FTI) and the Thai Chamber of Commerce, representatives of powerful industries and businesses, are scheduled to submit petitions on ThHursday to the Bank of Thailand. They want the central bank to ease monetary measures to help the private sector and boost the economy in the second half of the year. […]
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