Medical cannabis industry gears up to drive Thai economy Medical cannabis will be raised to the status of an economic crop in Thailand and exported across the world, according to a government subcommittee studying the draft law on cultivation of cannabis and Thai hemp. The subcommittee said Thai farmers should also have access to both…
Thailand posts fourth highest trade surplus in July Even though the trade surplus is rising, the current account surplus is narrowing this year, which suggests the Thai baht will remain an Asian underperformer over the remainder of the year The trade slump has bottomed A month ago, we noted that Thailand’s export slump bottomed in June. The trade data…
Philippines Reignite Trade Dispute With Thailand The Philippines has asked the World Trade Organization (WTO) dispute settlement body (DSB) to suspend the country’s concessions to Thailand for products such as motor vehicles exported to Manila. Thailand has continued to avoid compliance with the WTO ruling that it must align its unfair tax treatment on Philippine…
Thailand’s retail and property markets adapt and move online Tourism, property, retail – 3 sectors of the Thai economy that have taken a huge hit from the impact of lockdowns and border closures. Whilst most of the lockdown provisions are now lifted, the borders remain mostly closed and the economy ‘sluggish’ at best. The first…