Showing 1 - 10 of 73
Chamber of Commerce foresees 2-3% expansion in exports in 2024
Business, Phusadee Arunmas, Published on 20/02/2024
» The University of the Thai Chamber of Commerce (UTCC) forecasts exports to rebound to an expansion of 2-3% this year, with the value ranging from US$290 billion-293 billion, or an average of 2.5%, equivalent to $291.6 billion, from a contraction of 1% last year.
US begins strikes against Iran-linked targets
Published on 03/02/2024
» WASHINGTON - The US military has launched airstrikes in Iraq and Syria against more than 85 targets linked to Iran’s Revolutionary Guard (IRGC) and the militias it backs, in retaliation for last weekend’s attack in Jordan that killed three US troops.
Exporters told to keep tabs on hotspots in the Middle East
Business, Phusadee Arunmas, Published on 29/01/2024
» The strategic planning unit of the Commerce Ministry has advised all stakeholders to monitor the attacks in the Red Sea and the Israel-Hamas war to assess the potential impacts.
US asks China to urge Iran to curb Red Sea attacks by Houthis
Reuters, Published on 24/01/2024
» LONDON - The United States has asked China to urge Tehran to rein in the Iranian-aligned Houthi rebels attacking commercial ships in the Red Sea but has seen little sign of help from Beijing, according to a report on Wednesday, citing US officials. The US has repeatedly raised the matter with top Chinese officials in the past three months, the report said.
Ministry continues to monitor product prices
Business, Phusadee Arunmas, Published on 20/01/2024
» The Commerce Ministry is keeping a close watch on prices in 18 categories in the first quarter, with costs nudging up for animal feed raw materials, the minimum wage is adjusted, and transport costs rise as a result of the Red Sea attacks.
Vietnam-Europe air freight surges amid Red Sea strife
Published on 19/01/2024
» SEOUL - An unseasonal surge in air cargo on a key clothing export route from Vietnam to Europe indicates shippers are turning to more expensive air freight as shipping is disrupted by attacks in the Red Sea, the freight platform Xeneta said on Friday.
How the Red Sea attacks affect shipping
Business, Phusadee Arunmas, Published on 19/01/2024
» Starting from mid-November 2023, the Houthi rebel group based in Yemen and backed by Iran has been conducting numerous attacks on commercial ships in the Red Sea, displaying no indication that they will relent.
Red Sea becoming more risky by the day
Published on 16/01/2024
» A commodity-carrying ship was hit by a missile on Tuesday in the Red Sea, a fresh sign of intensifying attacks on merchant vessels in a waterway that key industry groups say remains too dangerous for navigation.
Chokepoints could cripple trade
News, Published on 16/01/2024
» When traffic through the Suez Canal ground to a halt in 2021, the extraordinary cost and disruptions to global commerce seemed overwhelming. But 8,000 kilometres from the canals of Suez and Panama lie even more important shipping lanes, chokepoints that could cripple global trade should any disaster befall them.
US launches fresh Yemen strike a day after broader attack
Bloomberg News, Published on 13/01/2024
» WASHINGTON - The United States launched a fresh airstrike on a Houthi rebel radar installation Friday, in what was described as a follow-up attack to an earlier barrage across Yemen intended to degrade the group's ability to target commercial shipping in the Red Sea.