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BUSINESS

Headline inflation lowest in 21 months

Reuters, Published on 06/06/2023

» Thailand's headline inflation rate dropped to its lowest in 21 months in May due to falling energy and food prices and a high base in 2022, the Commerce Ministry said on Tuesday.

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BUSINESS

Tourism pushes consumer confidence to 39-month high

Reuters, Published on 08/06/2023

» Thai consumer confidence rose in May for a 12th month to a 39-month high, boosted by higher foreign tourist arrivals and increased activity during the recent national election, a survey showed on Thursday.

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BUSINESS

April factory output drops 8%, worse than forecast

Reuters, Published on 31/05/2023

» Thailand's manufacturing production index (MPI) in April contracted by a more-than-expected 8.14% from a year earlier, as exports slowed and production costs rose, the Industry Ministry said on Wednesday.

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BUSINESS

Car production dips y/y, but exports surge

Reuters, Published on 24/05/2023

» Car production in Thailand dropped 0.13% in April from a year earlier to 117,636 units as truck production fell, as auto exports soared that month from a low base, the Federation of Thai Industries said on Wednesday.

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BUSINESS

Uniqlo latest big brand to quit Russia

Reuters, Published on 24/05/2023

» TOKYO: The Japanese clothing brand Uniqlo has decided to leave Russia after suspending its operation there last year, paving the way for a sale of the business, the Izvestia newspaper quoted Russia’s deputy trade minister as saying.

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BUSINESS

Vietnam to cut annual rice exports by 44%

Reuters, Published on 27/05/2023

» HANOI: Vietnam aims to cut its rice exports to 4 million tonnes a year by 2030 from 7.1 million tonnes in 2022, the government said in a document detailing its rice export strategy.

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BUSINESS

Jobless rate lowest in 3 years as tourism rebounds

Reuters, Published on 22/05/2023

» Thailand's unemployment rate hit a three-year low in the first quarter, the state planning agency said on Monday, declining to 1.05% from 1.15% in the last three months of 2022 as recovery in the crucial tourism industry strengthened.

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BUSINESS

Vietnam bets big on LNG, South China Sea gas fields

Reuters, Published on 17/05/2023

» HANOI: Vietnam's plan to quadruple by 2030 its gas processing capacity, turning it into its first source of energy, marks a big bet on imported liquefied natural gas (LNG) and its reserves in the South China Sea, despite supply and geopolitical risks.

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BUSINESS

Q1 GDP grows 2.7% y/y, beats expectations

Reuters, Published on 15/05/2023

» Thailand's economy expanded 2.7% in the first quarter from a year earlier, official data showed on Monday, faster than expectations, as private consumption and tourism rebounded.

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BUSINESS

Asia rice output turns corner as farmers expand planting

Reuters, Published on 09/05/2023

» SINGAPORE: Asia's rice output is set to climb this year as higher prices spur farmers to expand acreage and use more fertiliser, easing supply concerns after production suffered its first decline in seven years in 2022.