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GENERAL

Thai rice exports face fraught year ahead

Business, Phusadee Arunmas, Published on 08/02/2024

» Myriad risk factors still loom over rice exports this year, notably the volatility of exchange rates, the declining competitiveness of Thai rice, intense price competition, the impact of the El Niño weather phenomenon, and India's restrictive export policy, according to the Thai Rice Exporters Association.

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THAILAND

PM piles pressure on BoT

News, Phusadee Arunmas, Published on 07/02/2024

» The Bank of Thailand's (BoT) monetary policy committee (MPC) has come under pressure today following Prime Minister Srettha Thavisin's public call for a 25 basis point rate cut.

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INVESTMENT

BoI sees dramatic jump in investments

Business, Phusadee Arunmas, Published on 07/02/2024

» Applications for investment promotion in 2023 soared to a five-year high of 848 billion baht, an increase of 43% from the previous year's adjusted number, fuelled by substantial foreign investments within the five priority sectors outlined in the Board of Investment's (BoI) new Investment Promotion Strategy.

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GENERAL

Council maintains export forecast for 2024 at 1-2%

Business, Phusadee Arunmas, Published on 07/02/2024

» The Thai National Shippers' Council (TNSC) is maintaining its export forecast at 1-2% this year.

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THAILAND

Govt panel won't wait on NACC

News, Phusadee Arunmas, Published on 07/02/2024

» The government on Tuesday shrugged off any potential National Anti-Corruption Commission warnings and recommendations about the 10,000-baht digital wallet scheme, insisting its digital wallet policy committee will start work next week.

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GENERAL

Move to tap into Blue Flag outlets

Business, Phusadee Arunmas, Published on 06/02/2024

» The Internal Trade Department is partnering with Thailand Post to utilise the country's network of Blue Flag (Thong Fah) low-priced stores to serve as drop-off points for goods from farmers, small and medium-sized enterprises (SMEs) and the public.

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GENERAL

Spending mood upbeat ahead of holiday

Business, Phusadee Arunmas, Published on 06/02/2024

» Spending among Thai residents during the Chinese New Year festival, which starts on Thursday this week, is expected to reach the highest level in 11 years thanks to the country's economic recovery after the pandemic.

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GENERAL

Headline inflation dips 4 months in a row

Business, Phusadee Arunmas, Published on 06/02/2024

» Headline inflation declined for a fourth consecutive month in January, reaching its lowest level in 35 months, as the Commerce Ministry expects the trend to continue in February and March thanks to government measures to reduce the cost of living.

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GENERAL

State smooths deals for onion, garlic

Business, Phusadee Arunmas, Published on 03/02/2024

» A government agency says the price of goods is stable, with slight reductions for fresh vegetables, root crops, eggs and chicken categories.

GENERAL

CtrlS Datacenters signs land deal to set up in EEC

Business, Phusadee Arunmas, Published on 03/02/2024

» CtrlS Datacenters, Asia's leading data centre operator, has leased a land plot in the Eastern Economic Corridor of Digital (EECd) for 50 years to establish a data centre business, according to Thai trade representative Nalinee Taveesin.