Economy and commerce
Trade
Thai rice exporters pessimistic about market prospects
Thai rice exports are expected to have another difficult year as the world market is likely to be volatile amid foreign exchange and oil price risks, according to exporters. Charoen Laothammatas, president of the Thai Rice Exporters Association, said the association projected shipments would slip to 9 ...
Thai bank buys Cambodian MFI in mammoth deal
In what may be the biggest deal in Cambodia’s financial sector history, Thailand-based Bank of Ayudhya has reached an agreement to acquire the local microfinance institution (MFI) Hattha Kaksekar, with the deal expected to be valued at upwards of $140 million. In a statement released on ...
Lower rice exports anticipated
The Thai Rice Exporters Association expects a decrease in the volume of rice exports this year. Keep reading ...
Vietnam rakes in over $30 billion with phone exports
Vietnam’s exports of mobile phones and parts exceeded US$30 billion last year, surpassing all other products, customs data showed. That was a 27.9 percent increase compared to 2014, and accounted for 18.7 percent of the country’s total export revenue, it said. The EU was the biggest buyer of ...
Tariffs on 1,100 items may go
Thailand’s Finance Ministry is seeking cabinet approval to waive import tariffs on more than 1,000 items, says Customs Department director-general Kulit Sombatsiri. If approved, 56 categories of imported goods and a total of 1,100 items will be allowed into the country without tariff, Mr Kulit said. Keep reading ...
Board of Investment to propose privileges for smart farmer scheme
Thailand’s Board of Investment (BoI) is set to propose promotional packages to support “smart farmer” projects at its next board meeting. Secretary-general Hiranya Sujinai said packages should combine both the BoI’s investment privileges and other support such as finance, technical assistance and market access development. Keep reading ...
Craft industry struggles to find export markets
Vietnam’s handicrafts face many challenges in producing and finding export markets, while integrating into the world economy although it has the potential for economic development. According to statistics from the Ministry of Agriculture and Rural Development’s Agricultural Trade Promotion Centre, there are nearly 1,750 traditional craft ...
Police to protect Kachin poppy destroyers
More than 1000 activists of a Christian-based anti-narcotics group are to have police protection after getting the go-ahead from the Kachin State government to destroy over 1600 hectares (4000 acres) of opium poppy fields. Permission was received on 21 January to mount the mass operation in Waingmaw ...
Lao rice farmers seeking more export markets
Phanphet Agriculture Development Farm (PADF) is preparing to sell 10,000 tonnes of rice this year after negotiating exports with international partners. PADF President Mr Thongsavan Miboun told the media on 20 January the farm was doing its part to increase rice production and overseas sales. Keep reading ...
Thai Fisheries officials predict 'no red card' from EU
The Department of Fisheries does not expect Thailand to be hit with a red card by the European Union, citing positive signals from EU representatives over progress in dealing with illegal fishing during their visit to the country this week. Esak Pakdeekong, the department’s deputy chief, said ...