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…
Thai fruit exports rise to $2.65 bln under FTA deals BANGKOK, 1 April 2019 (NNT) – The Director-General of the Department of Trade Negotiations, Auramon Supthaweethum, said Thailand exported fruits worth 2.65 billion US dollars in 2018. This is a 17 percent increase year-on-year, driven by the country’s free trade agreements (FTA) with the ASEAN,…
A Thai Energy Tycoon’s Big Bet Made Him $1 Billion Richer (Bloomberg) — Thai energy tycoon Sarath Ratanavadi’s fortune has surged $1 billion since late December as investors warm to his bet on Vietnam. Shares in his Bangkok-listed firm, Gulf Energy Development Pcl, have jumped 50 percent following its mid-August announcement of wind and solar…
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…
Forecasts for Thai export growth revised upwards The meeting of the Joint Standing Committee on Commerce, Industry and Banking has revised upwards its forecast of export growth in 2019 to between 6.5 – 7.5% from the previous forecast of between 3.5 – 4.5%. The revision is in line with export growth in the past eight…
Thai Economy Projected To Expand 3.8% (BoT) Addressing the Japanese Chamber of Commerce (JCC) Thailand Dinner Talk on the 27 March 2019, Dr. Veerathai Santiprabhob Governor of the Bank of Thailand said the Thai economy is projected to continue to expand around its potential, and economic growth this year will slightly moderate to 3.8 percent.…
Sony To Shift Smartphone Plant To Thailand Sony’s share of the smartphone market has fallen sharply in recent years BEIJING/TOKYO, March 28 (Reuters) – Sony Corp will close its smartphone plant in Beijing in the next few days, a company spokesman said, as the Japanese electronics giant aims to cut costs in the loss-making business.…
Indian businesses can use Thailand’s Eastern Economic Corridor as gateway to Asian market New Delhi, Mar 27 (KNN) Indian businesses can use Thailand’s Eastern Economic Corridor (EEC) as gateway to Asian market, said the official from the Thailand Board of Investment. Executive Director of International Affair Bureau, Board of Investment, Thailand, Bussarakum Sriratana made the above…
HK steps up trade initiatives to boost ties with Thailand The Hong Kong Trade Development Council (HKTDC) is continuing its initiatives to strengthen the economic relations between Thailand and Hong Kong with the founding of InnoSpace Thailand, Thai Access to International Markets Competition, and SME Idol – incubating projects for SMEs that profit from The…