News

Small retailers to get govt aid

Traditional retail businesses will get help from the government to enable them to compete better with modern operators and stimulate the domestic economy. The Commerce Ministry says it aims to boost the number of what it calls strong enterprises to more than 25,000 this year ...

Thai exports slide 2.76% in value on year in February

Exports in February decreased in value year on year for the first time in four months, a decline attributed to the high value of gold and aerospace exports in February 2016, according to the Commerce Ministry. The ministry reported that export value last month declined by ...

Export value jumps 8.8% in January as oil prices rise

Export value in January grew by 8.8 per cent to US$17.09 billion, after higher oil prices resulted in more revenue from oil by-products, according to the Commerce Ministry. The ministry on February 27 reported that the value of January imports rose by 5.17 per cent to ...

Export growth goal revised up to 5% on key supports

The Commerce Ministry has revised up its export-growth target for this year from 3 per cent to 5 per cent, saying many positive factors could support this including higher global oil prices. After meeting with Thai trade officials from 64 overseas posts and representatives from private-sector ...

Rice-clearing auction draws big crowd

Sixty-six rice traders participated in the government’s auction of 2.86 million tonnes of rice on February 16, showing high market demand for the last lot of rice suitable for consumption from the government’s stocks. Duangporn Rodphaya, director-general of the Commerce Ministry’s Foreign Trade Department, said ...

Cambodian exports to Japan soar

Cambodian exports to Japan, the world’s third-largest economy, rocketed last year – reflecting investment flows in recent years. According to the latest figures from the Japan External Trade Organization, exports to Japan reached more than $1.2 billion last year, an increase of 24.4 percent compared with ...

Trade officers prepare for Trump era

Amid concern over the impact on Thailand’s export growth of so-called “Trumponomics” under the new US president and the United Kingdom’s Brexit vote, Thai trade officers from 63 posts in 47 countries will attend a meeting in Bangkok on February 22 that has been called ...

Thai delegation to visit for talks on expanding trade, investment

Thailand’s Deputy Prime Minister Mr Somkid Jatusripitak is due to lead a business delegation to Myanmar early next month on a visit aimed at expanding bilateral trade and investment, the Bangkok Post reported. It quoted Mr Isara Vongkusolkit, chairman of the Thai Chamber of Commerce, ...

Heavy push for rice megafarms

The government is committed to ramping up the rice megafarm scheme this year, for which it provides soft loans, machinery and agricultural equipment to farmers in order to cut production costs and raise productivity. The scheme will cover 1.05 million rai of related farmland. Chutima ...

SME export aid measures en route

The Industry Ministry has planned further measures to raise the competitiveness of small and medium-sized enterprises in the export market, says Industry Minister Uttama Savanayana. He said the ministry is working with related government agencies to draft stimulus packages that will help cut costs and ...

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