The government recently set a target to recycle all plastic in the country by 2030. While this ambitious goal is a solid start, Thailand needs to make serious changes to its physical recycling efforts and regulations governing recycled plastic. Namely, a change to a regulation that forbids recycled plastic or recycled-polyethylene terephthalate (r-PET) being used in […]
Read MoreStanding between the shoulders of two giants, Thailand has been one of the casualties of brewing trade tensions between China and the US, with tangible effects already manifesting through disappointing export performance. The clash of titans has escalated after the US’s third import tariff hike — from 10% to 25% on 5,745 Chinese goods worth US$200 […]
Read MoreBank of Thailand governor Veerathai Santiprabhob has acknowledged the possibility that the US will add Thailand to a watch list for currency manipulation because of a high current account surplus, but not for stepping into the foreign exchange market for trade advantages. Thailand has no policy of currency intervention to gain a trade advantage, he said, […]
Read MoreThe University of the Thai Chamber of Commerce (UTCC) on Thursday lowered its GDP growth forecast to 3.5% from February’s 3.8% view, blaming the deepening US-China trade row’s impact on Thai exports. Thanavath Phonvichai, vice-president for research at the UTCC, attributed the cut to six key risk factors: the intensifying trade war between the US and China; […]
Read MoreAP Honda forecasts that the new excise tax for motorcycles, effective from 2020, could add 200-10,000 baht to retail prices, depending on model size. Last Tuesday, the cabinet approved a new calculation for motorcycle excise tax, shifting from engine size to CO2 emissions. Electric and fuel-based motorcycles releasing emissions of less than 10 grammes per […]
Read MoreThailand does not manipulate the value of the baht currency in order to gain any competitive advantage for exporters, its central bank governor said on Thursday in response to speculation Thailand could be added to a US watchlist. “If we had done so, our baht would not be like this,” Bank of Thailand governor Veerathai […]
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