trade
- Economy News
Thailand’s labour ministry hopes to export 50,000 workers
Now that the Covid-19 situation across the world has calmed down a bit, Thailand’s Labour Ministry expects to send about 50,000 workers abroad this year. The Department of Employment’s PR office said now that restrictions have largely eased, Thailand’s labour exports are set to resume in large numbers. So far, labour export agreements have been signed with two countries, Saudi…
- Economy News
Thailand’s March exports spike nearly 20% year on year
Last month, Thailand’s exports surged at an unexpectedly high rate, jumping by 19.5% when compared to the same time last year. A Reuters poll conducted in March had predicted the country’s exports would only rise by 2.4%. According to the Thai customs department data, 2 major products contributing to the export jump were gold, and electronics. Gold exports in March were…
- Thailand video news
Asia News Today | Tensions on Korean Peninsula, Ramadan starts for Asia’s Muslims
The sister of North Korean leader Kim Jong Un has called the South Korean defence minister a “scum-like guy”, warning that Seoul may face “a serious threat” for their talk about pre-emptive strikes from the north. The comments from Kim Yo Jong’s come during heightened tensions on the Korean peninsula after Pyongyang carried out a rush of missile tests this…
- World News
United States trade dispute on solar products from Thailand, Southeast Asia
Projects in the United States might freeze over a recent dispute on solar panels imported from Thailand, Malaysia, Vietnam, and Cambodia. Even though these countries supply the United States with about 80% of its solar imports, the United States’ Commerce Department is scheduled to probe whether the solar products are circumventing tariffs. The probe is over whether Chinese manufacturers are…
- China News
Alibaba and Tencent sites added to US ‘notorious markets’ list
The US government has added popular e-commerce sites operated by China’s Tencent and Alibaba to its “notorious markets” list. The US Trade Representative’s office said on Thursday that is was adding the two online markets to its growing list of 42 online and 35 physical markets that are alleged to facilitate or engage in widespread piracy of copyright and trademark…
- Transport News
Rail to connect Thailand to China delayed 3 years to 2026
With recent plans fast-tracked to build a bridge to connect Thailand to the Chinese-La0 cargo train route, more rail projects are being focused on. But the plan to create high-speed rail service that travels 873 kilometres from Bangkok into China is now slated to begin operations 3 years later than originally planned. The first leg of the high-speed rail, which…
- World News
The world’s largest trade bloc launches today – January 1, 2022
The new Asian regional trade pact, the Regional Comprehensive Economic Partnership, or RCEP, becomes effective as of today. The RCEP is the world’s biggest free trade agreement, larger than the EU, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the EU, the Mercosur trade bloc in South America, and the recent US-Mexico-Canada Free Trade Agreement. RCEP includes all the ASEAN…
- Thailand video news
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…
- Thailand News
Thailand signs trade agreement with EU, same tax rates as before Brexit
Under a new agreement with the European Union, Thailand can export to the trade bloc under the same tax rates and trade privileges from before Brexit. After the UK left the trade bloc on January 1, the tariff rate quota deal between Thailand and the EU was renegotiated. The agreement goes into effect next month. The recent agreement only covers…
- Politics News
Diplomatic spat between China and Australia, Chinese suspend economic dialogue
A diplomatic spat between China and Australia has the Communist State suspending all economic dialogue “indefinitely” between the 2 countries as of today. A statement by China’s National Development and Reform Commission detailed some of the reasoning behind the move, which is under the China-Australia Strategic Economic Dialogue. “Recently, some Australian Commonwealth Government officials launched a series of measures to…
- World News
Myanmar preparing to shut down import of Thai soft drinks via land transport
Thailand’s Commerce Minister is preparing to hold urgent talks with Myanmar following the news that Burmese officials are planning a ban on the import of Thai soft drinks over land. Jurin Laksanawisit says the reason for the ban is not known, with Myanmar insisting only imports via ship will be allowed. This ramps up the cost for Thai businesses and…
- World News
Suez Canal blocked by large container ship blown off course
Cargo ships on one of the busiest trade routes in the world, the Suez Canal, came to a stop after a large container vessel got stuck sideways and blocked marine traffic. More than 100 ships were reportedly blocked from transit along the canal, which stretches across Egypt from the Red Sea to the Mediterranean connecting Asia to Europe. Apparently, a…
- World News
Thai investors in Myanmar concerned with future business following the military coup
With potential sanctions and boycotts against Myanmar likely following the military coup, the Thai-Myanmar Business Council says Thai investors are concerned their businesses in the neighbouring country will be affected. It’s unclear what effect the coup will have on Thai-owned businesses in Myanmar. The country’s economy, already battered by the Covid-19 pandemic, is expected to slow down with potential sanctions.…
- World News
Thailand likely to have substantial trade losses following Myanmar coup
With Myanmar’s military now in power after a bloodless coup, Thailand is likely to see substantial losses when it comes to trade with the neighbouring country, possibly forgoing up to 50 million baht a day due to changes in transporting goods and strict military checkpoints. If the military’s tight security inspections continue in the long term, Thailand could lose more…
- World News
Britain to apply for membership with Asia Pacific free trading bloc
In the wake of Britain’s Brexit and separation from the EU trading bloc, the UK is now applying to become part of the free trade bloc made up of 11 Asia and Pacific nations. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership also includes Australia, Canada, Japan and New Zealand, a potential market population of around 500 million. The countries generate more…
- Thailand News
Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8
Thousands of residents in Songkhla, Yala and Narathiwat, in the very south of Thailand, have been evacuated from their homes due to flash flooding from nearly a week of almost continuous heavy rain. Local authorities say a total of 18,024 households across 19 districts have been impacted. In Yala, the Sai Buri River has burst its banks, flooding homes and…
- World News
15 Asia-Pacific countries form the world’s largest trade bloc, the great RCEP reset
After 8 gruelling years of negotiation, 15 countries have signed onto the largest free trade bloc in history. In a joint statement, the leaders of the countries, signatories of the trade deal, say RCEP (Regional Comprehensive Economic Partnership) will form a crucial part of economic recovery once the pandemic is over. The deal excludes the US, which withdrew from a…
- Economy News
US cuts Thailand’s tariff benefits after long-running pork dispute
Thailand’s duty-free privileges for US$817 million in exports with the US are to be revoked from the end of this year, according to US President Trump in an announcement yesterday. The President blamed a lack of progress in opening the Thai market to US pork products. Trump’s letter announcing the action follows more than 2 years of threats and negotiations…
- 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 | Land bridge project, “Thai Bridge”, Chaing Mai black widow | October 12
Daily Thai TV News, with all the latest updates. Posted around 5pm, Monday to Friday. Protest leader says activists “in it for the long haul” Human rights lawyer and protest leader, Arnon Nampa, says political activists seeking to oust the current Thai government are “in it for the long haul”. The leader of the People’s Group (formerly the Free People…
- World News
A Land Bridge or the Kra Canal for Thailand?
OPINION by guest writer Tony P Restall Why the land bridge idea will never work Much has been written about the long-proposed Thai or Kra Canal and the on and off decision to proceed, or not. Over the recent years several high-level committees have examined the economic benefits to establish a water connection by means of a canal linking the East…
- World News
Thai PM orders the suspension of trade across the Burmese border in Kanchanaburi
Despite Thailand closing its international borders back in April, in reality, some of the country’s land borders are almost impossible to seal and prevent the ‘leaks’ of locals crossing over. Thailand has land and river borders with Myanmar, Malaysia, Laos and Cambodia – all with official checkpoints but also hundreds of well-worn tracks as villages casually traverse the official borders.…
- Politics News
US, Australia take hawkish tone towards China in talks
Australian and US foreign and defence ministers have taken a hawkish tone against China in the latest round of annual talks between the two countries. US Secretary of State Mike Pompeo set the tone for the talks saying to the the Australian ministers that the United States “knows the threats that you and the rest of the free world face”. “And…
- World News
Australia uses national flower for new marketing logo
Australia is replacing its international marketing logo with the nation’s wattle flower to represent the country during trade missions and business exchange programs. Trade Minister Simon Birmingham is giving the green light to change the logo from the current one which displays two boomerangs surrounding the words “Australian Unlimited”. The new logo features the letters “AU” on top of a gold…
- Covid-19 News
Price spike for Thai latex, condoms and medical gloves in demand
It’s clear the coronavirus pandemic has lead to a surge in demand for plastic gloves, but demand has also increased for condoms (locked up for 2 months, blah, blah…). The high demand has increased the price of latex and business is booming for companies in Thailand. Malaysia had a significant drop in natural rubber production and The Thai Rubber Latex Corporation…
- Economy News
Special boxes made for delivering smelly durian
You either love durian, or you hate it. But many people can agree, it smells bad… really bad. Some hotels and transportation services even ban the pungent fruit. Thailand researchers have now developed a special odour-proof boxes to be used to deliver durian. The box is important when selling the Thai fruit because just the smell of it can drive…
- Covid-19 News
Thai company steps up to ease condom shortage
A shortage of condoms is one thing. A shortage of condoms while people around the world are stuck at home is another. Since a top condom manufacturer in Malaysia halted production due to the coronavirus pandemic, a Thai company is now stepping up to fill the gap. Thai Nippon Rubber Industry, the country’s biggest condom manufacturer, is increasing production by…
- 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…
- World News
Thai-Malaysian border set to open this weekend
The Thai-Malaysian border is set to reopen this weekend to assist the struggling rubber trade, causing locals to express concern that a spike in new Covid 19 cases could result in Thailand because of the move. Security officials, however, are assuring the public that intensive screening measures are in place in anticipation of the re-opening. Commander of the Fourth Army…
- Covid-19 News
Thailand seals borders in North, Northeast
“All travellers should closely monitor announcements concerning the border closure to prevent misunderstandings.” Thailand’s borders are now sealed to all but freight traffic in the North and Northeastern regions. The third Thai-Lao Friendship, linking Nakhon Phanom province with Khammouane province in Laos, closed at 10pm yesterday as a precaution against the Covid-19 coronavirus. Goods vehicles are still permitted but drivers…
