Myanmar Imposes Ban on 5 Thai Drinking Products BANGKOK (NNT) – Myanmar has imposed a ban on imports of five Thai drinking products sent by land from Thailand, but will allow imports of these products by sea. Starting from Saturday, the ban applies to soft drinks, fruit juices, ready-to-drink coffee, condensed sweetened milk and fresh milk…
Jabs, rising exports may boost GDP A new state-private vaccination plan and good export prospects may help Thailand secure 1.5-3% GDP growth this year despite economic uncertainties caused by the third wave of Covid-19, says the Thai Chamber of Commerce. Sanan Angubolkul, the chamber chairman, remains optimistic about the Thai economy, believing business activities in…
First lot of pre-ordered Thai durian arrives China BANGKOK (NNT) – First lot of pre-ordered Thai durian arrives China. The first lot of pre-ordered Chanthaburi durians has arrived in China and will further be delivered directly to customers without passing a middleman. Advisor to Minister of Agriculture and Cooperatives, Alongkorn Ponlaboot revealed that on April 28,…
Government to Reduce Thai Rice Export Tax BANGKOK (NNT) – The Cabinet has approved in principle the Commerce Ministry’s plan to reduce surcharges for Thai rice exporters on rice shipments under the EU and UK quotas. Deputy government spokeswoman Rachada Dhnadirek said the export surcharge has been reduced to 1,500 baht per ton for grains bound…
Rating agency’s confidence in Thailand pleases PM Prime Minister Prayut Chan-o-cha has welcomed confirmation by the Japan Credit Rating Agency (JCR) that the Thai economy’s outlook is stable despite the economic impact of Covid-19. The JCR announced on Monday that Thailand had been rated as having a stable outlook and said that reflected the country’s…
Thai fruit exports to FTA markets up 107 percent China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian, mangosteen, longan and mango. Thai exporters are able to benefit from FTA privileges. BANGKOK (NNT) – Thailand’s fruit exports continue to increase, despite the sluggish global…
A $45 Billion Manager Says Thai Stocks Face Hurdles Over Worst Virus Outbreak (Bloomberg) — Follow Bloomberg on LINE messenger for all the business news and analysis you need. Thai equities face new hurdles as the country’s worst Covid-19 outbreak will further squeeze corporate earnings and delay an economic recovery, according to Thailand’s second-biggest private money…
Thailand Rethinks Vaccine Plan as New Wave Hits Economy, Tourism (Bloomberg) — Thailand is reworking its vaccine strategy as a month-long soft lockdown to contain its worst wave of Covid-19 infections deepens an economic crisis and risks plans for reopening the crucial tourism industry. Prime Minister Prayuth Chan-Ocha will meet Wednesday with industry groups, including…
Thailand to likely slash GDP forecasts after new COVID-19 wave Thailand’s central bank will likely slash its economic growth outlook for both this and next year as the country struggles with a rapidly spreading third wave of COVID-19 infections. The new outbreak, driven in part by the highly transmissible B.1.1.7 variant, has caused over 26,000 cases and…
Thai village looks to get economy jumping with cricket farming BANGKOK — A unique project to breed crickets for human consumption is underway in a small village in northeastern Thailand, part of an effort to boost income in the country’s poorest region. Interest in insects as a sustainable source of protein is growing as the…