News
CPF acquires China's Cofco Meat Suqian
In its latest big buy, Charoen Pokphand Foods Plc, the SET-listed flagship of agribusiness giant Charoen Pokphand Group, has acquired Cofco Meat Suqian for 976 million baht. Through Chia Tai China Investment Co, an indirect subsidiary of CPF in China, CPF will also take over ...
Floods spread to 12 provinces
Households and businesses in the South have been hit hard by flooding while all train services heading to the lower part of the region suspended after tracks were damaged by floodwater. At least 12 provinces in the South have been affected by flooding which began ...
Government to air concerns on Lao VAT
The government is set to raise the issue of Laos’s value-added tax in a joint discussion with Lao counterparts, fearing the new tax measure may cripple growing border trade. Adul Chotinisakorn, deputy director-general of the Foreign Trade Department, said that while the issue is an ...
Ministry promotes quartz industry
The Industry Ministry is pushing for the development of quartz mining, as this mineral is an important raw material for the production of solar panels. According to the ministry’s Department of Primary Industries and Mines, the Kingdom has reserves of 25 million tonnes of high-quality ...
Thai banks bullish on Vietnam even if Trump scraps TPP
Thai banks in Vietnam believe a large labour force and low wages will still be magnets for trade and foreign direct investment in that country even if the Trans-Pacific Partnership is scrapped in line with US President-elect Donald Trump’s policy. Vietnam is among the 12 Pacific ...
Bank Negara Malaysia dealing with short-term volatility of the ringgit
A slew of measures undertaken by Bank Negara Malaysia are expected to help enhance a continuous supply of foreign currency. To discourage the trading of non-deliverable forwards offshore, the central bank has announced several initiatives to liberalise and deregulate the onshore ringgit-hedging market. They include providing ...
The Philippines to buy rice from Myanmar
Myanmar’s Ministry of Commerce revealed that the Philippines has offered to ink a government-to-government treaty to buy rice from its fellow ASEAN country. “The Philippines has offered to buy rice. More detailed discussions are needed [for the treaty]. Currently, it imports rice mainly from Vietnam. ...
KBank targets middle-income earners for its insurance
Kasikornbank is adjusting its back-office processes and training branch employees to better explain and sell insurance products to middle-income earners. Kattiya Indaravijaya, president of KBank, said that the Office of Insurance Commission wants banks to educate customers about insurance products that are not deposit products. ...
Thailand's crown prince becomes country's new king
Crown Prince Maha Vajiralongkorn, 64, became Thailand’s new king on December 1 after he accepted an invitation from parliament to succeed his father, King Bhumibol Adulyadej, who died in October. King Bhumibol, 88, was widely loved and regarded as a pillar of stability during decades of ...
Rice exports tipped to beat state target
Rice shipments out of Thailand are expected to fare better than the government’s target of 10 million tonnes because of price competitiveness and recovering exports of hom mali fragrant rice, shippers say. Even so, that amount would be insufficient to retake the title of world’s ...
