DPM Somkid urges industrial sector’s technological transformation BANGKOK, 23 April 2019(NNT) – The industrial sector is being pushed to transform itself according to technological advancements enabling its entry into modernity and the Industry 4.0 era. Deputy Prime Minister Somkid Jatusripitak said yesterday that the move following the progress made by the Ministry of Industry on…
Thailand to tackle plastic waste by 2030 The Thai Cabinet has approved a roadmap to tackle plastic waste in the years 2018-2030, and to reduce or end the use of certain types of plastic because of its increasing harm to the environment. By the end of this year, Thailand will be free from three types…
Thai exports drop 4.9% in March Thailand’s exports in March were down 4.88 per cent year on year (YoY), leading to a 1.6-per-cent contraction in exports in the first quarter of this year compared to the same period last year. The Commerce Ministry reported on Monday Thailand’s customs-cleared exports fell to US$21.4 billion after a…
Thailand in lead pack for Asean capital markets THAILAND ranks in the top three of capital markets in Asean and is expected to stay in the leading pack in 2030, trailing only Singapore and Indonesia, a study indicates. The report, Capital Markets in 2030, drew on research by The Economist Intelligence Unit on behalf of…
Trade, investment dividend sought from Brexit TRADE officials spy opportunities from the likelihood of more flexible regulations in Britain after it leaves the European Union. The prospect of eased trade and investment regulations in Europe’s second-biggest economy, they say, would provide a boost to Thai exporters and investors who are eyeing the key market. The…
DFT to organize Southern Border Trade Fair BANGKOK, 18 April 2019 (NNT) – The Department of Foreign Trade (DFT) will organize a Southern Border Trade Fair to provide knowledge to entrepreneurs in preparation for accessing the Malaysian market. The event will provide a platform for business negotiations and stimulate the economy, trade and investment in the three southern border provinces. The…
Trade war dampens mood as GDP growth view scaled back to 3.7% CONCERNS over political uncertainty and the impact of the US-China trade war have prompted the nation’s peak private sector advisory grouping to cut its forecast for economic growth this year to as low as 3.7 per cent. The Joint Standing Committee on Commerce,…
Inflation diverges in Southeast Asia’s two biggest economies BANGKOK: Inflation in Southeast Asia’s two biggest economies, Indonesia and Thailand, diverged in March, putting the two nations on possibly different monetary policy courses. Consumer-price growth in Indonesia eased to 2.48 percent last month, below the central bank’s 2.5 percent to 4.5 percent target band, while in…
Thai rice exports facing strong regional competition Rice exports are down in February’s sales figures, in both total volume and value. High prices and competition from Vietnam are being blamed, along with the ongoing strong baht. Rice farmers also say they are concerned how long the hot season will last which will also affect their…
Emerging Asia’s Growth Prospects To 18-Year Low (ADB) Southeast Asia is projected to grow 4.9% this year, slower than December’s 5.1% forecast, and 5% in 2020. Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions,…