Showing 101 - 110 of 1,097
Survey spells out financial stress facing householders
Business, Phusadee Arunmas, Published on 28/07/2023
» Household debt was found to have increased by 11.5% this year over 2022, the highest level in 15 years, with the rate expected to peak next year if the economy fails to fully recover, according to the latest survey by the University of the Thai Chamber of Commerce (UTCC).
Ministry still upbeat on export recovery
Business, Phusadee Arunmas, Published on 27/07/2023
» Despite economic uncertainties among Thailand's trading partners, China's slower than expected economic recovery, the vulnerable European economy, Russia's withdrawal from the Black Sea Grain Initiative and the drought associated with the El Niño weather phenomenon, the Commerce Ministry remains confident that the export outlook over the coming months will continue to show a gradual recovery.
Farm losses increase despite state support
Business, Phusadee Arunmas, Published on 27/07/2023
» Despite government subsidies, Thai farmers are the poorest in Asia and Asean, with average losses of 2,000 baht per rai and higher debts over the last 10 years.
Japan, Thailand wrap up more GI registrations
Business, Phusadee Arunmas, Published on 24/07/2023
» Thailand has successfully registered geographical indication (GI) for Doi Chang coffee and Doi Tung coffee in Japan, while Japan has registered GI for Tajima beef and Kagoshima beef in Thailand.
UTCC anticipates exports contracting by up to 2.5%
Business, Phusadee Arunmas, Published on 20/07/2023
» Exports this year are likely to contract by between 1.2% and 2.5%, the lowest level in three years, according to the latest forecast by the University of the Thai Chamber of Commerce (UTCC).
Delay poses risks to the economy
Business, Phusadee Arunmas, Published on 14/07/2023
» The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline in GDP.
High potential for rice exports in H2
Business, Phusadee Arunmas, Published on 11/07/2023
» Thailand could ship up to 9 million tonnes of rice this year because of a surge in demand, driven by concerns over the potential impact of the El Niño weather phenomenon.
Shipments to China forecast to grow 1%
Business, Phusadee Arunmas, Published on 11/07/2023
» Despite China's slow economic recovery, the Commerce Ministry still expects Thai exports to the mainland to eke out 1% growth this year to US$3.47 billion.
Exports to Korea set to rise 2% this year
Business, Phusadee Arunmas, Published on 07/07/2023
» Thailand expects exports to South Korea to increase by 2% this year to US$6.52 billion, partially helped by a deeper trade partnership through a so-called mini-free trade agreement (mini-FTA) with the South Korean provinces of Gyeonggi and Pusan.
Shippers lower exports forecast
Business, Phusadee Arunmas, Published on 05/07/2023
» The Thai National Shippers' Council (TNSC) has trimmed its exports forecast to a range of -0.5% to 1% growth, compared with 0-1% growth previously, based on high uncertainty surrounding major trading partners the US, the EU and China, in addition to relatively high global interest rates.