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BUSINESS

Institute upbeat on food export outlook

Business, Phusadee Arunmas, Published on 11/05/2023

» Thai food exports have a promising outlook this year, with shipments forecast to eke out growth of 2.1% to 1.5 trillion baht despite economic uncertainty in developed markets, inflationary pressure, foreign exchange volatility, rising production costs and drought.

BUSINESS

Thailand eyes 3 deals by 2024

Business, Phusadee Arunmas, Published on 08/05/2023

» Thailand wants to conclude free-trade agreement (FTA) talks with the European Free Trade Association (Efta), Sri Lanka and the United Arab Emirates (UAE) by the middle of next year to improve trade and investment.

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BUSINESS

Ministry targets B50bn from sales of GI products

Business, Phusadee Arunmas, Published on 09/05/2023

» The Commerce Ministry has set its sights on increasing sales from geographical indication (GI) products to 50 billion baht this year, up from 48 billion baht in 2022.

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BUSINESS

First term spending to reach B57.8bn

Business, Phusadee Arunmas, Published on 09/05/2023

» People's spending ahead of the first term of school, which starts in the middle of this month, is expected to reach 57.8 billion baht, the highest since the survey was first conducted in 2010.

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BUSINESS

Export forecast lowered amid global woes

Business, Phusadee Arunmas, Published on 03/05/2023

» The Thai National Shippers' Council (TNSC) has downgraded its export growth forecast for Thailand to 0-1% because of negative factors in both the US and Chinese economies, which are still highly uncertain, as well as geopolitical conflicts.

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BUSINESS

Executives upbeat on gem and jewellery export outlook

Business, Phusadee Arunmas, Published on 03/05/2023

» Exports of gems and jewellery (excluding gold) are expected to grow by 10% this year as demand in the high-end segment remains strong.

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BUSINESS

Inflation likely to dip on low fuel rates

Business, Phusadee Arunmas, Published on 04/05/2023

» The Commerce Ministry is maintaining its 2023 forecast for average headline inflation in a range of 1.7-2.7%, after cutting it last month from 2-3%.

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BUSINESS

Fruit exports to China to grow 10%

Business, Phusadee Arunmas, Published on 05/05/2023

» Fresh fruit exports to China are anticipated to increase by at least 10% this year based on better land transport flow as cross-border trade facilitation improves.

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BUSINESS

Thailand urged to focus on wellness

Business, Phusadee Arunmas, Published on 06/05/2023

» Thailand's health economy boasts very high growth potential as the world is increasingly aware of the importance of health and self-care, according to a Commerce Ministry study.

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BUSINESS

Development to generate coffee export opportunities

Business, Phusadee Arunmas, Published on 03/05/2023

» Thailand has approved the export of roasted coffee beans and coffee products that combine domestically produced beans with imported ones in order to increase coffee exporting opportunities for the country.