The Commerce Ministry says it wants Thailand to become one of the largest exporters in Asia by 2027. According to Phusit Ratanakul Sereroengrit, director-general of the International Trade Promotion Department in the ministry, the department commissioned a five-year action plan from 2023-27 to improve trade competitiveness, with the aim of becoming one of the five largest […]
Read MoreThailand’s smartphone market is expected to rebound in the second half, supported by strong demand in the premium segment that is less affected by economic woes, say industry pundits. Bundled packages with instalment payments stretching up to 60 months are expected to improve purchasing sentiment. South Korean electronics giant Samsung recently launched its new Galaxy […]
Read MoreBENGALURU: Thailand’s economic growth probably slowed in the fourth quarter as reduced exports and factory activity, together with tightening monetary conditions, curbed private consumption, a Reuters poll of economists found. Growth in Southeast Asia’s second-largest economy was estimated at 3.5% year-on-year in the October-December period, down from 4.5% in the prior quarter, according to the median forecast […]
Read MoreRice exporters have voiced concerns about prospects, suggesting the entire rice market is likely to tumble if the next government reinstates populist rice policies that distort the market. Charoen Laothamatas, president of the Thai Rice Exporters Association, said political factors are likely to affect the rice export outlook if the next ruling coalition reinstates populist policies […]
Read MoreThe domestic price of diesel is slated to fall by 0.5 baht a litre next Wednesday, down from 34.44 baht a litre, as global crude oil prices keep decreasing, says the Oil Fuel Fund Office (Offo). Despite lower crude oil prices, officials are not cutting the diesel price immediately, waiting for oil stocks to be sold, […]
Read MoreThe Thailand Industry Sentiment Index (TISI) rose to 93.9 points in January, the highest level in 43 months, up from 92.6 points in December last year as entrepreneurs benefited from the state “Shop Dee Mee Khuen” tax rebate, the tourism recovery and China’s reopening. Shop Dee Mee Khuen allowed customers to claim up to 40,000 baht […]
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Thailand
