Thailand-China sign deal promoting Thai fruit export

Thailand increases durian exports to China by 14% this year

Thailand increases durian exports to China by 14% this year Thailand has exported 14% more durian to China in this year’s first quarter over the same period last year. The Trade Negotiations Department Director General says Thai durian auctions in the first quarter secured 186 million, making up 88% of the total amount of Thai durian…

BoT slashes its GDP forecast again

BoT slashes its GDP forecast again The Bank of Thailand (BoT) slashed Thailand’s economic growth forecast for 2021 on Wednesday for the second time this year to 1-2%, largely depending on the procurement and distribution of Covid-19 vaccines. The central bank’s previous estimate of growth of gross domestic product (GDP) was 3% but it now…

Jabs, rising exports may boost GDP

Jabs, rising exports may boost GDP

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…

Lessons from the 1997 economic crisis

Lessons from the 1997 economic crisis

Lessons from the 1997 economic crisis Today is April Fools’ day. But there is no fooling about the threat of liquidity crisis. I am sure that many readers are sceptical about the possibility of a liquidity crunch in this country. First, the government debt to GDP ratio is less than 60% which is not high…

Thai second-quarter GDP to post record contraction, slow recovery seen: Reuters poll

Over 29,000 export items await waiver

Over 29,000 export items await waiver More than 29,000 Thai export items will receive a tariff waiver from Jan 1 next year under the Regional Comprehensive Economic Partnership (RCEP) trade pact, the world’s biggest free trade deal. The agreement was signed by 15 nations in Asia-Pacific, including Thailand in November last year, and needs ratification…

Ministry sets up panel devoted to BCG economy

Ministry sets up panel devoted to BCG economy

Ministry sets up panel devoted to BCG economy The Industry Ministry has set up a new committee on bio-, circular and green (BCG) economy to step up efforts at putting Thailand on a path toward economic sustainability. The establishment came after the government declared the BCG economic model as a national agenda, hoping it will…

Action needed to woo investment

Action needed to woo investment The economic head at South Korea’s embassy issues a challenge, writes William Hicks Thailand needs to “wake up” and find aggressive, proactive means to attract foreign businesses and investment or it risks falling behind Vietnam, says the economic head at the South Korean Embassy to Thailand. Jeon Joyoung, deputy chair…