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Tag Archives: Thailand

Thailand, Vietnam urge farmers to plant less rice

BANGKOK: Falling rice prices have caused an outcry in Thailand – the world’s second largest exporter behind India – prompting the government to rush out soft loans that help farmers withhold sales. But these falling prices are also making regional exporters consider planting less of the grain. Thailand last month unveiled plans to plant corn on 320,000ha of rice fields ... Read More »

CJ E&M expands operations to Vietnam, Thailand

BANGKOK: Korean media conglomerate CJ E&M has acquired the Vietnamese content outfit and ad agency Blue Group and has set up a joint venture with Thailand’s TrueVisions. “CJ E&M strives to achieve its goal to become a global top ten entertainment and culture company by 2020,” said Sung-Su Kim, the CEO of CJ E&M. “For this, we are implementing glocalization ... Read More »

Govt to sign FTA with Turkey, Thailand

BNAGKOK: Federal Minister for Commerce Khurram Dastgir Khan on Wednesday said necessary work has been completed for free trade contracts with Turkey and Thailand. To a question in the National Assembly, he said that in 2017 free trade contracts would be signed with South Korea. “We have trade opportunities with Russia in the field of defence and agriculture sector, he said, ... Read More »

Thailand, Pakistan aim for FTA by next year

BANGKOK: Thailand and Pakistan will attempt to conclude a free-trade agreement by next year, not only to promote bilateral trade and cooperation, but also to use the other country as a springboard into the South Asia and Asean regions. Sunanta Kangvalkulkij, deputy director-general of the Commerce Ministry’s Trade Negotiations Department, said yesterday that she would lead the Thai negotiating team ... Read More »

Thailand, Vietnam ready for next stage

BANGKOK: Thailand and Vietnam will on Saturday mark the 40th anniversary of their diplomatic relations, and by all assessments those relations are excellent. What’s lacking, though, is a clear vision on either side of how to move on to the next mutually beneficial stage. Our relationship with Vietnam has had its ups and downs in those four decades, rattled by ... Read More »

Thailand, Myanmar agree on model to boost bilateral trade

BANGKOK: Thailand and Myanmar have agreed to adopt the Mae Sot-Myawaddy model for expanding trade, investment and economic cooperation between the two countries, and to establish border-trade fairs soon. After the seventh Thailand-Myanmar Joint Trade Commission (JTC) meeting in Nay Pyi Taw last week with her Myanmar counterpart Than Myint, Commerce Minister Apiradi Tantraporn said the neighbouring countries could promote more ... Read More »

Thailand, Cambodia Bilateral trade decreases by 13%

BANGKOK: Bilateral trade between Thailand and Cambodia decreased by 13 per cent in the first three months of this year compared to the same period in 2015, according to statistics provided by the Royal Thai Embassy. The value of Cambodian exports to Thailand reached $290 million by the end of March, an 11.02 per cent increase compared to the same ... Read More »

Thailand, US to expand economic ties

BANGKOK: Commerce Minister Apiradi Tantraporn will travel to the United States to attend the Trade and Investment Framework Agreement (TIFA) from April 20 – 22. According to the Commerce Minister, her visit to the U.S. will serve as an opportunity for the two countries to discuss the possibility of expanding bilateral trade, investment and economic ties for the first time in ... Read More »

Thailand, Cambodia plan to triple bilateral trade

BANGKOK: Thailand and Cambodia agreed on Friday to triple the value of bilateral trade and develop their partnership for mutual benefit. Agreement was reached at talks between the delegations of Thai Prime Minister Prayut Chan-o-cha and visiting Cambodian Prime Minister Hun Sen at Government House. Deputy government spokesman Werachon Sukondhapatipak said afterwards that the two sides agreed to triple bilateral ... Read More »

Thailand scrap steel imports down in Sep

BANGKOK: The latest import statistics indicate that the scrap imports by Thailand during September this year dropped considerably over the previous month. Also, the scrap imports witnessed sharp decline when compared with the same month a year ago. The scrap imports by Thailand during the month of September this year totaled 41,000 tons. The imports plunged heavily by 77.1% when ... Read More »

Danish export to Thailand rises by 56% in 2015

COPENHAGEN: The first few months of 2015 are looking promising in terms of Danish exports to Thailand. Compared to the first quarter last year, exports this year have shot up by 56 percent. Danish imports from Thailand are traditionally twice the size of the exports, but that could even out in the near future. “Thailand has, due to political conflict, ... Read More »

Danish export to Thailand on the rise by 56% in 2015

COPENHAGEN: The first few months of 2015 are looking promising in terms of Danish exports to Thailand. Compared to the first quarter last year, exports this year have shot up by 56 percent. Danish imports from Thailand are traditionally twice the size of the exports, but that could even out in the near future. “Thailand has, due to political conflict, ... Read More »

Thailand-Myanmar trade not affected due to low-intensity conflict in Kayin State

BANGKOK: A low-intensity conflict in areas of Kayin State has not reduced bilateral trade, with the latest Ministry of Commerce figures showing a recent upsurge in commerce with nearby Thailand. The trading gates including the Myawaddy crossing are periodically shut by either side. Most recently, The Bangkok Post last week said, Myanmar soldiers closed ports on the Moei river in ... Read More »

China New Energy projects in Hungary and Thailand proceeding well

BANGKOK: China New Energy reports that its projects in Hungary and Thailand are proceeding well. Viscont  has informed CNE that the 30 million Euro project finance has been agreed with local banks and that CNE should expect to commence the construction of the 150 million liter per year corn-ethanol biorefinery in 2015. CNE will undertake the project in partnership with ... Read More »

Thailand exports fall 6.14% in February, biggest drop in 6 months

BANGKOK: Thailand exports fell more than expected, showing that a key growth engine for the country is still sputtering, but imports surprisingly rose for the first time in five months. The military took power in a coup last May to end political unrest and get the economy going, but growth last year was just 0.7 per cent. Thai exports have ... Read More »

Scotland’s biggest export brand Scotch whisky suffers drop of more than £300 million

BANGKOK: Scotland’s biggest export brand, Scotch whisky, suffered a drop of more than £300 million in the value of exports last year. Weaker economic conditions and political volatility in somemarkets saw the value of Scotch exports decline by seven per cent to £3.95billion last year from £4.26bn in 2014, according to new figures published yesterday. The number of bottles exported ... Read More »

Thailand tobacco company increases cigarette price by 1-2 baht per pack

BANGKOK: Smokers will now pay higher prices for cigarettes after the Sports Act, which requires tobacco producers and distributors to contribute to a newly established ‘national sports development’ fund, has become effective. Thailand Tobacco Monopoly (TTM) says it has announced an increase of all locally-produced and imported cigarettes by 1-2 baht per pack following the publication of the Sports Act ... Read More »

Thailand energy ministry plans to increase electric vehicle’s production

BANGKOK: The Energy Ministry plans to give its full support to promoting Thailand as an electric vehicle (EV) production hub. Energy Minister Narongchai Akrasanee said his ministry would amend regulations and laws related to fuel retailers and electricity transmission to allow access to electricity chargers at petrol stations. The policy is expected to help increase the sales of EVs at ... Read More »

Thai deputy prime minister says economy shambles into 2015

BANGKOK: Thai deputy prime minister Pridiyathorn Devakula has said that economy has reacted so favourably to the initial injection of funds primarily to rubber and rice farmers . Thai Economy Loses $12 billion in 2014. What’s Ahead for 2015?  that additional economic stimulus measures would not be necessary. A little more than three weeks after proclaiming that a second round ... Read More »

Thai finance ministry clutches flipside land, house tax bill 

BANGKOK:  The finance ministry has clutched back its much criticised land and house taxes bill for more inquiries. Earlier the bill was scheduled to finalise this month the bill to be submitted to the cabinet for consideration. However the bill was held back after the ministry notified the legal affairs divisions of other relevant ministries, Interior and Justice, that it ... Read More »