The use of free trade agreement (FTA) privileges and the Generalized System of Preferences (GSP) by Thai exporters surged 31.4% and 28.1%, respectively, in 2021, mainly attributed to higher demand. The Foreign Trade Department reported yesterday the use of FTA privileges by Thai exporters tallied US$76.3 billion in 2021, the highest in six years. Outbound […]
Read MoreMetro Manila (CNN Philippines, March 4) — Inflation remained steady at 3% in February despite weeks of fuel price increases, Philippine Statistics Authority figures published Friday show. The latest outturn is the same as January’s and milder than 4.2% in February 2021, National Statistician Dennis Mapa said in a briefing. It also falls within the 2.8-3.6% […]
Read MoreThe Ministry of Labour and the Ministry of Commerce called on directors of textile, garment and bag factories to participate in the Better Factories Cambodia. The factory directors were reminded to (this is an unofficial translation of the letter): Register and pay financial contributions to support the Factories Cambodia (BFC) project through the Garment Manufacturers […]
Read MoreThe proposals by MOH on requiring foreign arrivals not to leave accommodations for the first 72 hours in Vietnam have discouraged travel firms. They say the overly strict requirement is contrary to the Government’s policy on tourism reopening. The Ministry of Health (MOH) has sent a document to the Ministry of Culture, Sports and Tourism (MCST) […]
Read MoreDBS Group Research on Friday (Mar 4) expects Thailand’s gross domestic product (GDP) to grow 3.5 per cent in 2022 and 4.2 per cent in 2023, up from the 1.6 per cent increase of 2021. In its monthly strategy note on Thailand, DBS added that growth should be driven by all economic engines except for […]
Read MoreSINGAPORE has unveiled what Trade and Industry Minister Gan Kim Yong called a “collective vision for the economy”, with goals such as reaching an export value of at least S$1 trillion by 2030. The Singapore Economy 2030 vision for services, manufacturing, trade and enterprises “will put our industries, enterprises, and workers on a firmer footing […]
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Thailand
