imports
- Crime News
Beefy business gone bad: Police probe 75 tonnes of rotten meat at local markets
An investigation into the sale of approximately 75 tonnes of rotting beef at local markets has been requested of the police. This action has been prompted by Atchariya Ruangratanapong, a crime probe activist, who has called on the Central Investigation Bureau to take legal steps against two shipping firms and five senior officials from the Livestock Development Department. It is…
- Thailand News
Iguana import ban: Thailand takes action to curb environmental threat
The Department of National Parks, Wildlife and Plant Conservation (DNP) has brought into effect an iguana import ban amid fears of rapid proliferation and potential environmental damage. The invasive species, discovered in vast numbers in natural habitats in the Lopburi province, have been causing distress to local communities by feeding on agricultural produce. The green iguana is an alien species with…
- Economy News
FTI urges new regulatory body to curb cheap Chinese imports
The Federation of Thai Industries (FTI) urged the Industry Ministry to establish a novel regulatory body to supervise product standards. The move is intended to curb the influx of inexpensive Chinese imports, which the FTI claims are flooding the Thai market. The FTI did not clarify whether the proposed regulatory body would be governed by the state or the business…
- Business News
Imported goods: Thailand bolsters measures to safeguard local businesses
The Thai Industry Ministry is intensifying its measures to thwart the entry of low-priced, inferior imported goods into Thailand in the forthcoming six months, to safeguard local businesses and consumers. The measure comes on the heels of a report highlighting the negative impact of such low-quality imported goods on Thai entrepreneurs across various sectors and consumers, according to Industry Minister Pimphattra…
- Thailand News
US to import Thai pomelos, Australia greenlights cooked duck imports
The United States is set to import Thai pomelos next month, while Australia has granted permission to import cooked duck from Thailand after years of negotiation, as announced by the Ministry of Agriculture and Cooperatives. Rapeepat Chantarasriwong, the director-general of the Department of Agriculture, revealed that the US approved the import of irradiated fresh pomelos from Thailand without any strain…
- World News
Asian stocks rise with new Russian sanctions, market volatility increases worldwide
Asia markets ticked higher at opening on Friday, encouraged by a rebound of the US stock market, after Russia was struck with a flurry of international sanctions. US President Joe Biden has announced a new round of sanctions against Russia, crippling its ability to conduct business in major currencies. Many indexes were in the green on Friday morning, including Tokyo’s…
- Thailand News
Merchants ask government to import pork as local prices surge
Have you noticed that many Thai street vendors have upped their price for pork dishes by around 5 baht? Some have even stopped selling pork dishes altogether. The price of pork has surged in Thailand and many merchants are now demanding the government to import pork quickly to control the fluctuating prices. They say the high prices are pushing away…
- Economy News
EU Free Trade Agreement talks resume after 7-year coup hiatus
After a 7-year delay following Thailand’s military coup, talks have resumed to create a Free Trade Agreement between Thailand and the European Union. The Ministry of Commerce hosted a meeting this morning between Thailand’s Commerce Minister, also a Deputy Prime Minister, and the Ambassador of the European Union to Thailand. The two met to have conversations about a variety of…
- 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
Stuck ship partially freed, Thai exports look to bypass Suez
The massive container ship stuck in the Suez Canal, the world’s busiest trade routes, has been partially freed and refloated. The 400-metre cargo ship was pushed off track by strong wind and has been wedged sideways, blocking the trade route in Egypt. Thai exporters have been looking into bypassing the Suez Canal and some may still have to seek extensions…
- Thailand News
Pharmaceutical imports investigated after traces of diazepam detected in narcotics cocktail
Pharmaceutical imports are being investigated after traces of the anti-anxiety pill diazepam were detected in the ketamine-based drug cocktail, known as “K powdered milk.” The narcotic cocktail is suspected of causing 7 deaths in Bangkok. The Food and Drug Administration oversees imports of diazepam, also known by the brand name Valium, and has been asked to send a list of…
- Economy News
Thai exports figures rise in January
Whilst there’s been plenty of economic challenges around for Thailand, including the high Thai baht and a levelling out of tourist arrivals, exports for January 2020 unexpectedly rose according to ministry figures. It’s the first rise in six months, and an increase of 3.35% from the exports 12 months earlier. The customs-cleared export numbers have been boosted by higher shipments…
- News
US pushing for delay to Thai ban on glyphosate in order to protect imports
The US is urging Thailand to delay its forthcoming ban on glyphosate, saying it will have a significant impact on the country’s import of soybean, wheat, coffee, apples, grapes and other produce from the US and elsewhere, which totals around 51 billion baht annually. The Nation reports that the US Agricultural Department made the request after Thailand announced a ban…
- Business News
US and China ramp up the rhetoric and the tariffs in a day of tit-for-tat
Beijing has unveiled a new round of retaliatory tariffs on the US valued around US$75 billion. China will now place additional tariffs of 5%-10% on US imports starting next week. The tit-for-tat trade war between the world’s two largest economies is causing widespread disruption to supply chains and long-held trade conventions. China’s Finance Ministry says they will also resume tariffs on…
- Thailand News
Thai business sector drops 2019 export projections by 1%
The Thai Chamber of Commerce and Board of Trade are revising down Thailand’s 2019 export growth projections from 3.1% to 2.1%. They say several unfavorable external factors are contributing to the revised outlook. Thai PBS reports that Mr. Sanan Aung-ubonkul, vice president of TCC and BoT, says that, in order to maintain the 3.1% growth projection, the value of monthly…
- Business News
Thai exports fall 5.7 percent in January, year-on-year
Thai export results have dipped for the third straight month, falling more than 5.65% compared to a year earlier. The fall was a lot bigger than expected, according to the Thai commerce ministry. Shipments contracted 1.72% in December, compared to a year earlier as well. January’s export drop was due to falling shipments of rice, gold, electronics and cars, according to the…
- Business News
Exports rise nearly 7% in August, the highest this year
Thai exports have gown at 6.68% to US$23.8 billion during the month of August, the highest gain so far this year. The announcement from Ms Pimchanok Wornkhorporn, director of Trade Policy and Strategy Office of the Commerce Ministry. Exports for the first eight months of this year rose 10.03% and, for the rest of 2018, are expected to grow 8…
