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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.
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.
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.
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.