export
- Business News
Thailand and China’s Guangxi discuss bolstering trade via ILSTC route
Trade discussions took place yesterday between Thailand and China‘s Guangxi Zhuang Autonomous Region, focusing on the potential use of the New International Land-Sea Trade Corridor (ILSTC) to enhance trade cooperation. Guangxi Zhuang, a southern Chinese region adjacent to Vietnam, is the operational hub of the ILSTC, a trade and logistics channel. The route extends from Chongqing to the Beibu Gulf…
- Business News
Commerce captain charts cost of living course: Cost-cutting and export-boosting ahoy
New Commerce Minister Phumtham Wechayachai aims to address the cost of living and align product prices with production costs. He plans to expedite efforts to discover new export markets and enhance Thai shipping opportunities through increased trade negotiations. On his first day, Wechayachai emphasized his commitment to Prime Minister Srettha Thavisin‘s policies and assured prompt attention to public concerns, especially…
- Business News
Thai shippers’ council forecasts export decline amid sluggish global demand
The Thai National Shippers’ Council (TNSC) predicts a 1% decline in exports for the current year, down from their previous estimate of a contraction between 0.5% and a 1% increase. This revision is due to ongoing sluggish global demand. TNSC Chairman Chaichan Chareonsuk stated that Thailand’s export sector is expected to decline by -1% or more this year due to…
- Business News
Rice and shine: Thailand sets sights on 8 million tonnes export mark
The director-general of the Department of Foreign Trade, Ronnarong Phoolpipat, announced that Thailand’s rice exports are expected to achieve the target of 8 million tonnes this year. This forecast comes after the recorded shipments through to August 29 reached 5.29 million tonnes, reflecting a year-on-year increase of 11.9%. This upswing in rice exports aligns with the rising concerns over drought…
- Business News
Thai industries call for new govt to revitalise flagging exports
The Federation of Thai Industries (FTI) declared the urgent need for Thailand to form a new government and establish fresh policies aimed at tackling lacklustre export performance. Data revealed a 7.4% decline to US$28 billion in the nation’s exports to its largest market, the Association of Southeast Asian Nations (ASEAN), during the period running from January to May. The FTI’s…
- Business News
Thai industries adjust strategies amid export downturn, eyes new markets
A recent downturn in exports has provoked 25 industry sectors to rethink their production strategies, the Federation of Thai Industries (FTI) has revealed. Key industries affected and readjusting include steel, machinery, construction materials and furniture, all of which significantly cater to the markets in Asia, the European Union and the United States. The FTI recently unveiled the results of a…
- Economy News
Eggs-traordinary crisis: Thailand’s soaring egg prices crack traders and consumers alike
The soaring cost of eggs in Thailand has left traders and consumers concerned, with some attributing the price hike to a shortage of supplies at farms and increased export demand. Wanchai Rungmitcharatsaeng, a 65 year old egg shop owner in Khon Kaen’s Mueang district, has been in the business for over 20 years and claims that egg prices have reached…
- Business News
Thai air-con component exports to US soar amid heat wave surge
Rising heat waves in the United States have driven a surge in Thailand’s exports of air-conditioner components during the first quarter. The increase in demand has led to air-conditioner parts becoming the top product category benefiting from the generalised system of preferences (GSP) privileges awarded by the US. The Foreign Trade Department reported that Thai exporters utilised GSP privileges worth…
- Business News
Thai Shippers’ Council eyes 0-1% export growth amid new government push
The Thai National Shippers’ Council (TNSC) maintains that the nation’s exports can achieve a growth of 0-1% this year, calling for the swift formation of a new government to boost trade competitiveness and tackle economic challenges. TNSC Chairman Chaichan Chareonsuk anticipates that Thai exports from May to June will experience a slight year-on-year contraction, leading to a 5-6% decline for…
- Business News
Thai food exports target 10% growth amid rising demand, quality standards
The Thai Commerce Ministry aims to boost food exports by 10% in 2023, driven by growing demand and enhanced Thai standards for quality, safety, and sustainable production processes. Commerce Minister Jurin Laksanawisit announced the target during the opening of THAIFEX-ANUGA ASIA 2023, expecting food exports to reach 1.55 trillion baht this year, up from 1.36 trillion in 2022. The food…
- Economy News
Export of Thai durian made 187 billion baht in 2021
Rice is no longer Thailand’s largest export. It’s not rubber either, it’s durian. The export of the popular fruit made almost 187 billion baht in 2021. Rice made 100 billion baht, while rubber brought home 90 billion baht. Thailand is set to keep its status as the world’s largest durian supplier for the next five years. However, with intense competition…
- Economy News
Migrant labour shortage threatens Thai food export industry
The threat of global food shortages due to the ongoing Russia Ukraine war has prompted several countries to buy and stock-pile food from Asia. The Thai food industry has witnessed a surge in larger international orders, but the honeymoon phase could be brief since a major labour shortage in the food sector remains unresolved, according to the Chairman of the…
- Economy News
Fowl play by Malaysian cartels forces government to ban export of poultry
The Malaysia government yesterday revealed it is banning the export of all poultry from the country while it investigates the illegal activity of cartels controlling the price and shipment of its produce. Prime Minister Ismail Sabri Yaakob made it known Malaysia will halt the exports of 3.6 million chickens a month from June 1, to investigate the cartel pricing allegations.…
- Thailand News
Durian valued at 120 billion baht will be shipped to China this year
Thailand will export durians to the vale of 120 billion baht to China this year, about a 10% increase, according to Minister of Agriculture and Cooperatives Chalermchai Sri-on. The Chinese government has set strict controls against fruit imports during their Covid-19 pandemic response. Thailand exported 875,100 tonnes of durian to China last year, valued at 109 billion baht. Thailand’s durian…
- Video
Thailand News Update | Thailand ready for an Influx of tourists
Thailand slid into 8th place in a survey of 1 thousand 500 Americans on the world’s safest travel destinations but is still in the world’s top 10. Canada snagged the winning spot during this survey in 1st place, followed by Iceland, Sweden, Japan, Ireland, Switzerland, South Korea, Thailand, New Zealand and Australia. Thai PM Prayut Chan-o-cha has welcomed the ranking,…
- Thailand News
Thai durian shipment to China detected with Covid 19 on packaging
After signs of the coronavirus were detected on the surfaces of boxes of Thai durian, the delivery to China was blocked from entering for 3 days. Companies in Thailand’s fruit export industry have been advised to follow strict Covid-19 guidelines. A shipment of the famous King of Fruits, aka. Durian, from Thailand was reported to be infected at China’s Mohan…
- World News
Asia News Today | Indonesia’s hotel quarantine scams
Indonesia’s Tourism Ministry say authorities are cracking down on hotel quarantine scams, who he claims are allegedly perpetrated by organised groups, against foreign travellers. He’s already coined the groups the “quarantine mafia”. Police have been following up allegations of numerous reported scams in hotel quarantine across Jakarta. The scam involves travellers being told at the end of their hotel quarantine…
- Thailand News
Thai durian farmers prepare to face China’s zero-Covid-19 policy at the border, again
Durian growers in Thailand are preparing for stringent import checks with their biggest buyer — China, as the country continues to enforce its zero-Covid-19 policy at the border. Last year, Thailand exported more than 875 thousand tonnes of its pungent yellow fruit to China by land, sea and air, generating an estimated 3.4 billion USD, according to the Department of…
- Business News
Thailand’s chicken industry suffering from lack of migrant workers
Thailand, one of the world’s major producers of chicken products, is struggling to keep up with exports. Japanese food companies, one of the major importers of Thai chicken, are feeling the pinch. Like many industries, it’s a labour shortage causing many of the issues. Around the world, supply chains have been severely disrupted by the Covid pandemic and labourers have…
- World News
Ho Chi Minh lockdown impacts global coffee supplies
Vietnam’s lockdown of its largest city and exporting hub, Ho Chi Minh, has resulted in global concerns about coffee supplies as the country is a major producer of robusta, a bean known for its bitter taste which is often used in instant coffee. The southern city under strict travel restrictions following an uptick of cases involving the highly transmissible Delta…
- Video
Thailand News Today | 32M Pfizer doses on the way, weakening Thai baht | August 13
Thailand’s Public Health Minister says there will be 32.5 million doses of the Pfizer vaccine in the country by the end of the year. The death from Covid-19 of another fully vaccinated healthcare worker has led to increased calls for Pfizer booster shots. The weakening Thai baht, against the US dollar, is propping up the export numbers. Tourism officials in…
- World News
Myanmar coup and crisis cause major damage to its economy
The continued civic unrest after the military coup has ravaged Myanmar and its economy, with massive losses across all economic indicators, including Thailand’s exports to its troubled neighbour. This year’s exports from Thailand to Myanmar predicted to lose between 60 and 96.5 billion baht, between 51 and 82%, according to the University of the Thai Chamber of Commerce. The UTCC’s…
- Economy News
Thailand’s manufacturing production highest in 23 months
After 2 years of falling, largely affected by the Covid-19 pandemic, Thailand’s manufacturing production index has grown for the first time in 23 months. The index, which measures manufacturing activity, hit 107.73 last month, which is the highest it has been since April of 2019. With a growth of 4.12% in the last year, the index had its strongest performance…
- Economy News
8% March growth for Thai exports in promising recovery
An 8% increase in exports is expected for March fueled by online officials connecting foreign buyers with Thai exporters. Commerce Minister Jurin Laksanawisit touted the success of this plan to have officials working as salesmen to promote Thai products worldwide, the results of which produced 14.4 billion baht in exports last year. The Trade Policy and Strategy Office will release…
- Economy News
China grows 18.3%, the only major economy to grow in 2020
China’s economy set a record for growth in Q1, 2021, marking an 18.3% jump in year-on-year figures, the biggest quarterly growth in almost 30 years. China only started publishing growth statistics in 1992, and this drastic increase is the fastest growth recorded since then. The figures, however impressive, are mainly due to what is called a “low base effect” where…
- Thailand News
Thailand News Today | Shootout in Pattaya, Exports down 7%, Hotels eschew ASQ | November 3
Thailand News Today, covering all the main stories from around Thailand. Please comment below or on the YouTube channel. Pattaya journalist injured as foreigner steals gun, fires at police, then kills himself An armed man has killed himself after a stand-off with police in Pattaya that lasted several hours, during which a journalist was shot. It’s understood the man, a…
- Economy News
Free Trade Agreement talks continue between Thailand and EU
Thailand is resuming trade talks with the European Union on the long-delayed Thai-EU free trade agreement. The 15th Thai-EU Senior Officials’ conference was held virtually between leading Thai and European trade officials this week. The push was on to have the Free Trade Agreement signed and sealed by the end of this year. Discussions were held regarding the ongoing affects…
- Thailand News
Thailand News Today | Army v Twitter, Tourism interrupted, Thailand World’s #6 | October 9
Clerk calls out Thai Army for alleged corruption An army clerk is calling out the Thai Army for alleged corruption, saying he was forced to withdraw money under his name which was then falsely documented as a travel expense. The clerk at the army’s Ordnance Material Rebuild Centre posted photos of documents on Facebook, showing the withdrawal listed as a…
- World News
50 tonnes of dodgy durian seized and destroyed in China
In a move that will attract thanks from 1000s of westerners, China has destroyed nearly 50 tonnes of illegally imported durian, valued around 5.5 million baht. The durians had been smuggled into China. Shiokou, a border town in Cao Bang Province in Vietnam, was where the dodgy durian was intercepted. The land port has been operating since 1792 and plays…
- Economy News
Thailand’s GDP forecast to fall up to 9% this year
Thailand’s GDP is set to fall 7-9%, year-on-year, according to the Joint Standing Committee on Commerce, Industry and Banking. The fall is, not surprisingly, being fallout from the catastrophic drop in tourism and lower exports. Kalin Sarasin, chairman of the Board of Trade of Thailand, says the expected contraction was revised downwards from 5-8%. The committee also predicted exports would drop…
- Economy News
Instant noodle exports increase as neighbouring countries stock up
Craving noodles? Seems like many people stuck at home want the cheap and quick meal. Preparation is quick, the price is low, there’s flavours aplenty and they’re easy to find. Thailand’s exports of instant noodles have gone up this year, the country’s Ministry of Commerce reported yesterday. With ridiculously low prices, a long shelf life and, let’s admit, some pretty…
- South Thailand News
Durian drives southern economy with new Chinese 700 million baht factory
A Chinese company has invested 700 million baht to establish a durian processing factory in Songkhla’s Thepha district. The establishment of the Kunming-based company in southern Thailand is an indication of the growing love for durian in China and a growing export potential for the ‘love-it-or-hate-it’ fruit. Manguwang Food Company will employ up to 1,200 workers at its 700 million…
- Environment News
Thailand to re-open the export of elephants after a 10 year ban
After more than ten years with a ban on the export of Thai elephants, Thailand’s Foreign Trade Department is now poised to ease restrictions paving the way for the export of the protected species for ‘non-commercial purposes’. The director-general of the Foreign Trade Department, Mr. Adul Chotenisakorn, says the Ministry of Commerce issued a new regulation on April 10 to…
