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GENERAL

Cabinet sees nation as halal hub

Business, Phusadee Arunmas, Published on 28/02/2024

» The cabinet approved initiatives to make Thailand a halal hub in Southeast Asia by 2028, intending to raise the country's GDP by 1.2%, equivalent to 55 billion baht.

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GENERAL

Franchise businesses set to be upgraded

Business, Phusadee Arunmas, Published on 27/02/2024

» The Commerce Ministry looks set to upgrade franchise business operators, accelerate the establishment of franchise business standards to enhance their capabilities, and build up networks with both domestic and international investors to expand the market and generate economic value.

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GENERAL

Export outlook still rosy

Business, Phusadee Arunmas, Published on 24/02/2024

» Following a quicker uptick in exports than expected in January, the Commerce Ministry expects continued expansion, driven by the global economic recovery, easing of worldwide inflation, food security measures pushed by several countries, and tightened regional economic cooperation.

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GENERAL

Agencies address impact of low-end imports on SMEs

Business, Phusadee Arunmas, Published on 22/02/2024

» The Commerce Ministry has delegated the Trade Negotiations Department and the government's "Team Thailand", whose primary responsibility is to support efforts to promote economic growth, to gather in-depth data and examine specific products under the Asean-China Free Trade Agreement (ACFTA) affected by the influx of low-priced Chinese goods.

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GENERAL

Thai commerce chief working to pump up shipments

Business, Phusadee Arunmas, Published on 23/02/2024

» Commerce Minister Phumtham Wechayachai has pledged to expedite efforts to stimulate exports, scheduling a visit to Henan province to meet with Chinese executives today and discussing free trade agreement (FTA) negotiations with the United Arab Emirates (UAE) next week.

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GENERAL

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.

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GENERAL

Cabinet greenlights final 2022/2023 cane price

Business, Phusadee Arunmas, Published on 21/02/2024

» The cabinet on Tuesday approved a final sugar cane price for the 2022/2023 season of 1,197 baht a tonne, 117 baht higher than the initial price set at 1,080 baht a tonne.

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GENERAL

Move to slice margin of error at pumps

Business, Phusadee Arunmas, Published on 19/02/2024

» The Commerce Ministry looks set to reduce the margin of error for fuel dispensers at petrol stations to ensure accuracy and fairness for consumers, with enforcement expected within 1-2 weeks.

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GENERAL

Closer trade ties sought through talks with Tajikistan

Business, Phusadee Arunmas, Published on 17/02/2024

» Thailand is revving up trade talks with Tajikistan to increase trade and investment between the two countries, focusing on paper, sugar and rice.

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GENERAL

Asean-China pact ramps up exports

Business, Phusadee Arunmas, Published on 16/02/2024

» The Asean-China Free Trade Agreement (ACFTA) has significantly boosted Thai exports to China, particularly processed sugar items such as syrup, artificial honey and various sweeteners.