Economy and commerce

Optimism for rice export forecast maintained

Despite September’s export slump, the government remains upbeat about achieving 11 million tonnes of milled rice exports this year on high demand. Adul Chotinisakorn, director-general of the Foreign Trade Department said rice export prospects are still promising for the last quarter, with continued import orders, ...

Phusadee Arunmas

Thailand aims to tap new export markets

The Commerce Ministry intends to turn a crisis into opportunity by tapping new markets that have emerged as a result of the escalating US-China trade war.The ministry aims to push exports to the United States through food diplomacy while also aiming to boost its food ...

Phuwit Limviphuwat

PM orders supportive measures for Thai rice trade in world market

Prime Minister Prayut Chan-o-cha has ordered government agencies to find supportive measures for the competitive trading of the Thai rice in the world market.Keep watching ...

Southeast Asia sees investment boom, thanks to trade war

Southeast Asia is seeing a boom in foreign direct investment as the intensifying trade war between the US and China prompts companies to shift production to the region.Vietnam saw manufacturing inflows jump 18% in the first nine months of 2018, driven by investments including a ...

Trade war has little to no impact on Thai economy: UTCC

The University of the Thai Chamber of Commerce (UTCC) says the country’s economy remains strong in spite of the ongoing trade war between the United States and China. Thanawat Polvichai, director of the Economic and Business Forecast Centre of the UTCC, on Saturday revealed that ...

Thammarat Thadaphrom

Senior economist calls for integration of sufficiency economy principle

A veteran economist, Sawai Boonma, has called on the country to apply the principles of a sufficiency economy, as introduced by the late monarch, to their everyday activities. The economist-turned-writer said the sufficiency economy philosophy is an effective mechanism to sustain economic growth and citizens’ ...

Thammarat Thadaphrom

Boost in competitiveness hailed

Thailand has climbed two notches in the rankings of the closely watched Global Competitiveness Index 4.0 (GIC 4.0) to 38th place.The country improved its score from 66.3 in 2017 to 67.5 out of 100 in the report that is put out by the World Economic ...

The Nation Reporter

Cabinet gives green light to draft on small businesses

In a meeting yesterday (Oct 16), the Cabinet approved drafts that will add legal conditions to support small- and medium-enterprises (SMEs), allow the setting up of trade associations and raise registration fees to help cope with the country’s economic situation. Keep reading ...

The Nation Reporter

Commerce attaches put on trade-war alert

Commerce Minister Sontirat Sontijirawong has urged commerce attaches to prepare for a global trade war, which he said is likely to intensify next year. “It [trade war] will be more intense next year, and we must assess its impact on the country,” said Mr. Sontirat ...

Phusadee Arunmas

SME fund bill bound for cabinet

The Finance Ministry will seek cabinet approval to require financial institutions to contribute 0.001% of their deposit base to a fund tasked with promoting small and medium-sized enterprises (SMEs).A legal amendment is needed for the contribution requirement, and the fund is expected to receive 100 ...

Wichit Chantanusornsiri

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