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PAT's Forum Spotlights Bangkok Port's Transformation for Competitiveness
Published on 06/02/2024
» The Port Authority of Thailand (PAT) recently hosted a forum titled "Engineering Feasibility, Economics, Finance, and Environmental Impact Studies for Distribution Centre, Office Building, and Bangkok Port Support Area," aimed at enhancing its competitive capacity as the key national distribution centre. Thawisak Anakkhaphan, Advisor to Manaporn Charoensri, Minister of Transport, and Suttipot Thawornphisankasem, Advisor to the Minister of Transport, participated in the event's discussions, focusing on "Distribution Centre Development and New Business in Bangkok Port" to boost competitiveness and transform into a Smart & Green Port.
Lessons for Land Bridge advocates
Business, Published on 29/01/2024
» During the mobile cabinet meeting in Ranong last week, the Land Bridge project once again became a disputed topic as locals in the proposed area met Prime Minister Srettha Thavisin and voiced concerns over the possible impact on their way of life and environmental damage.
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.
Employers see further hike in freight rates
Business, Lamonphet Apisitniran, Published on 25/01/2024
» Freight rates are expected to continue to increase in February if the tension in the Red Sea intensifies, which will affect global supply chains, says the Employers' Confederation of Thai Trade and Industry (EconThai).
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.
Call for loans to help firms upgrade to meet EU standards
Business, Phusadee Arunmas, Published on 18/01/2024
» The government is being advised to initiate a low-interest loan programme to assist businesses in upgrading their machinery and equipment in alignment with the EU's Carbon Border Adjustment Mechanism (CBAM).
Production costs increase for milk
Business, Phusadee Arunmas, Published on 15/01/2024
» The Commerce Ministry is expected to consider and approve an increase in boxed milk prices if producers submit their requests for an adjustment, in line with higher raw milk production costs.
Red Sea tension, US inflation weigh on trade
Business, Published on 13/01/2024
» RECAP: Equity markets in Asia were mixed yesterday as the escalating conflict in the Red Sea region sent oil prices surging, while slightly higher-than-expected US inflation data did not dent investors' views on early and aggressive rate cuts in the US and Europe.
Shippers told to change tack
Business, Phusadee Arunmas, Published on 12/01/2024
» Thai exporters are being urged to promptly refine their export strategies given the escalating situation in the Red Sea that is affecting shipping costs and available vessel space while extending shipping duration.