Thai fruit exports to FTA markets up 107 percent BANGKOK (NNT) – Thailand’s fruit exports continue to increase, despite the sluggish global economy caused by the COVID-19 pandemic, with key trade partners being countries that have free trade agreements (FTAs) with the kingdom. Thai durian, mangosteen, longan and mango are popular in China, Hong Kong…
Members of ASEAN Community cooperate to address COVID-19 challenges BANGKOK (NNT) – In the face of crises like the COVID-19 pandemic, cooperation between countries is the best response. Thailand is providing COVID-19 test kits to neighboring countries, to protect people’s well-being and to mitigate the social and economic impact in the ASEAN Community. The COVID-19…
Thailand ranked 3rd in ASEAN on Economic Freedom Index Thailand has a business freedom index of 85.3 out of 100. This is a big improvement over last year, which helped to increase the country’s overall score to 69.7, a 0.3 point jump from last year. Thailand ranked 3rd in ASEAN, 9th among 40 Asia-pacific countries…
Air Asia to focus on ASEAN expansion, as CEO expresses cautious optimism for 2021 Air Asia’s chief executive, Tony Fernandes, says the low-cost carrier is planning to expand its presence in Southeast Asia and is in talks to form 3 new airlines. He points out that people still want to travel, and that demand makes…
Thailand’s exports shrink 7.26 pct for Jan-Oct period BANGKOK, Nov 23 — Thailand’s exports contracted 7.26 per cent to US$192.37 billion (US$1=RM4.08) while imports dropped 14.61 per cent to US$169.70 billion in the first 10 months of this year, resulting in a trade surplus of US$22.67 billion. In a statement, the Commerce Ministry’s trade policy and strategy…
Huawei Empowers Thailand to Embrace it full ASEAN Digital Hub Potential with Technology Synergy By Abel Deng, CEO, Huawei Technologies (Thailand) Co., Ltd. Digital Economy accelerates global growth Digital economy represents the new growth engine for markets worldwide. According to global studies, a 20% increment in digital economy can bring up to 1% GDP increase.…
Chief ASEAN economist says protests not helping Thailand’s weak economy r Chief ASEAN economist of Nomura, Euben Paracuelles, says Thailand’s current protests are not helping Thailand’s weak economy recover. In fact, Pracuelles says Thailand’s economy is the weakest and slowest in the region, noting that it is in “pretty bad shape”. He further says that…
Thailand ready to attend RCEP trade deal Thailand is ready to attend the signing of the long-awaited Regional Comprehensive Economic Partnership (RCEP) at the 37th Asean Summit under the chairmanship of Vietnam next week. It will be the first-ever virtual signing of an agreement Asean has undertaken, a Foreign Ministry official said on Thursday. The…
Thai automakers applaud landmark ASEAN accord to ease test rules Recertification by importers to be axed, reducing risk of non-tariff barriers BANGKOK — Thailand’s automobile industry has welcomed a landmark accord by the Association of Southeast Asian Nations that skirts testing regulations imposed by some importing nations, a move seen to benefit the largest automaking…
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…