Economy and commerce

The European Union (EU) has agreed to allow Thailand to negotiate its export quota for 31 products, said Auramon Supthaweethum, director-general of the Department of Trade Negotations. Keep reading ...

Blockchain Community Initiative Co. issued the world’s first electronic letters of guarantee in the third quarter last year and plans to increase the number of electronic letters of guarantee by 50% in three years. Blockchain Community Initiative Thailand provides electronic letters of guarantee for 22 ...

Deputy Prime Minister Somkid Jatusripitak has instructed the country’s top planning agency to set up a high-powered team drawing on business leaders that will examine ways to boost Thailand’s competitiveness amid signs of slippage on key measures.Keep reading ...

Shipments of Thailand’s automobiles and auto parts are unlikely to face penalty tariffs by the US because the export values are deemed insignificant. Auramon Supthaweethum, director-general of the Trade Negotiations Department, said Thailand’s auto exports made up just a 0.1% market share, or US$231 million ...

Thai food exporters are being urged to study and prepare for stringent new US measures on imported food aimed at combating increasing cases of foodborne illness. Keep reading ...

Heightened political uncertainties in Thailand after an election meant to herald a return to democracy have clouded the outlook for economic policy, the central bank said in minutes of a meeting earlier this month that left interest rates unchanged.Keep reading ...

Three state enterprises have signed an agreement to provide financial support for small and medium enterprises (SMEs) in dealing with export markets.Keep watching ...

Thailand could take a few lessons from South Korea on how to make further inroads into the global e-commerce market. The Seoul government aims to incubate as many as 15,000 e-commerce exporters over the next three years. Multiple South Korean government agencies have joined forces ...

Thailand’s economic growth is expected to slow in 2019 because of rising global trade tensions and domestic political uncertainty, with local business operators suffering from negative momentum from the US-China dispute, says Deputy Prime Minister Somkid Jatusripitak. Keep reading ...

The cabinet on Tuesday passed resolutions on several issues, ranging from the transfers of high-ranking government officials and measures for oil palm growers to measures for business operators.The cabinet approved extension to the registration period for a reduction in corporate income tax for Special Economic ...