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BUSINESS

15 nations sign world's biggest free trade pact at virtual meet

News, Phusadee Arunmas, Published on 16/11/2020

» Fifteen nations in the Asia-Pacific, including Thailand, yesterday signed the Regional Comprehensive Economic Partnership (RCEP) trade pact, the world's biggest free trade deal, as they concluded the 37th Asean Summit and related summits held virtually from Nov 12-15.

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BUSINESS

JSCCIB anticipates risks to recovery

Business, Phusadee Arunmas, Published on 05/11/2020

» The powerful business group Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), is maintaining its economic forecast at 7-9% contraction this year, amid mounting concerns that the second wave of outbreak in many foreign countries may deter Thai economic recovery in the final quarter of the year.

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BUSINESS

US trade move 'won't hurt Thai exports'

News, Phusadee Arunmas, Published on 01/11/2020

» The Commerce Ministry insisted on Saturday the announcement by US President Donald Trump to suspend preferential trade benefits for 231 Thai products under the so-called Generalized System of Preferences (GSP) won't much affect Thailand's export to the US.

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THAILAND

US-Iran crisis spurs oil fears

News, Phusadee Arunmas, Published on 06/01/2020

» The government is moving to find ways to cushion the impact of the US-Iran conflict -- particularly rising oil prices -- if the tensions escalate into war, in the wake of the US assassination of Iranian top general Qassem Soleimani on Friday.

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THAILAND

Bloc optimistic on RCEP deal

News, Phusadee Arunmas, Published on 01/11/2019

» The 10 Asean member countries and six trading partners remain optimistic about making a breakthrough on the long-delayed Regional Comprehensive Economic Partnership (RCEP) deal during the 35th Asean Summit in Bangkok, Deputy Prime Minister and Commerce Minister Jurin Laksanawisit said.

BUSINESS

US move 'a retaliation' for toxin ban

News, Phusadee Arunmas, Published on 27/10/2019

» US President Donald Trump's decision to suspend $1.3 billion (39.2 billion baht) in trade preferences for Thailand under the Generalised System of Preferences (GSP) has raised suspicion it is in retaliation for Thailand's ban on the use of herbicide glyphosate.

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BUSINESS

Prayut urges speedy RCEP deal

News, Phusadee Arunmas, Published on 07/09/2019

» Prime Minister Prayut Chan-o-cha declared on Friday that Asean and six dialogue partners should wrap up talks on the long-overdue Regional Comprehensive Economic Partnership (RCEP) by this November.

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BUSINESS

US businesses urge Thailand to join CPTPP

Business, Phusadee Arunmas, Published on 16/08/2019

» The US-Asean Business Council is is calling for the Thai government to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the successor to the 11-country pact that President Donald Trump pulled his country out of in 2017.

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BUSINESS

Consumer confidence index dips to 22-month low

Business, Phusadee Arunmas, Published on 09/08/2019

» Consumer confidence fell to the lowest point in 22 months in July, as the public was concerned about the economic slowdown, political instability, uncertain global economic prospects because of a simmering trade spat, and relatively low farm prices.

BUSINESS

Private sector urges BoT to ease policy

Business, Phusadee Arunmas, Published on 03/08/2019

» Businesses have reiterated their calls for the central bank to ease its monetary policies to help revitalise the economy, which is projected to grow by less than 3% this year.