Food delivery platforms have begun to lower the commissions they charge food vendors after the government pressured them into assisting restaurants struggling to make ends meet amid the pandemic. Many restaurants who rely on online delivery services have cried foul about gross profit (GP) shares of about 30% collected from food vendors, which they say […]
Read MoreThe Department of International Trade Promotion (DITP) expects food exports to grow this year thanks to Thailand’s strict safety standards and full cooperation from food producers. Along with supervisory measures, DITP has also launched the “Thailand Delivers with Safety” campaign to boost confidence among importers. Somdet Susomboon, DITP’s director-general, said the overall value of Thai […]
Read MoreThe baht opened at 31.27 to the US dollar on Thursday, strengthening from Tuesday’s close of 31.37. The Thai currency is likely to move between 31.25 and 31.35 during the day, Krungthai Bank market strategist Poon Panichpibool said. He predicted that the baht would weaken slightly depending on the dollar’s performance and purchases of the […]
Read MoreThailand’s exports jumped a more than expected 13.09% in April from a year earlier, the fastest pace in three years, as global demand increased, the commerce ministry said on Tuesday. That compares with a forecast for an increase of 9.6% in a Reuters poll and a rise of 8.47% in March. April’s exports, a key […]
Read MoreWASHINGTON: The US Commerce Department said on Monday that car and light truck tires exported from Thailand, South Korea, Taiwan and Vietnam had been dumped at below-market rates in the United States. The department said tires from Vietnam are being subsidised at a rate ranging from 6.23% to 7.89% through the conversion of US dollars […]
Read MoreThe Commerce Ministry has vowed to ramp up Thai product exports through online business matching and virtual events, with the aim of boosting online sales to top 16 billion baht this year. Commerce Minister Jurin Laksanawisit said amid the Covid-19 crisis the country’s export promotional plans have to shift from trade exhibitions to more virtual […]
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