News
China places first order for Thai rice under last Dec’s G2G deal
China has agreed to place the first purchase order for 100,000 tonnes of Thai rice under a government-to-government contract for a total of one million tonnes, which was signed last December. The order is for new-crop 5-per-cent white rice at a free-on-board price of US$399 per tonne ...
Nok Air spreads wings with debut in China
Nok Air has solidified its intentions to extend its footprint into China with the planned debut of scheduled flights to Kunming and Guangzhou. China will drive the SET-listed budget airline’s accelerated international network expansion, expected to provide an impetus for future growth. While the airline ...
Trading estates prepared to ward off impending floods
The industrial sector is bracing for floods over the next several weeks and is relying on major reservoirs and flood prevention measures to safeguard industrial parks. The Meteorological Department has warned that a low-pressure system will hit several regions of Thailand. “This weather pattern is ...
BMA district offices told to clear sluice gates to tackle floods
Bangkok Metropolitan Administration offices in the districts of Don Muang, Lak Si, Sai Mai, Bang Khen and Chatuchak were told to remove obstacles that blocked water drainage via the Bang Khen, Bang Pho and Bang Sue sluice gates, deputy governor Amorn Kitchawengkul said on October 5. These ...
‘Thailand 4.0’ should get GDP growth up to potential, World Bank says
The World Bank believes Thailand should be able to achieve long-term annual economic growth of 4-5 per cent if the government can successfully push through its “Thailand 4.0” model. The new economic model would help draw private investment, the Bank’s economist for Thailand, Kiatipong Ariyapruchya, ...
Development of SMEs, startups allotted B96m
The Commerce Ministry has vowed to spend 96 million baht next year to help develop startups and raise Thai brand awareness in the world market. According to Commerce Minister Apiradi Tantraporn, the ministry is committed to moving ahead with plans to promote Thai small and medium-sized ...
TrueMoney goes international, targeting Myanmar
Local mobile payment companies are gearing up to extend their payment services overseas after the Bank of Thailand eased foreign exchange rules. The central bank in March eased the regulations to allow companies that hold payment licences under the law regulating e-payment to act as ...
Ministry calls meet on rice scheme suspects
The Justice Ministry has invited anti-graft agencies to a meeting next week when it is expected to name the people to be probed in the 853 alleged corruption cases connected to the rice-pledging scheme. The Public Sector Anti-Corruption Commission last week said it had received 853 ...
Widespread flooding and traffic nightmares in Bangkok
The heaviest rainfall was recorded in Bang Sue district with record high 100 mm, turning 12 locations into small klongs of between 5-30 cm in depth such as areas in front of Pongpetch market, in front of th Constitutional Court and TOT Chaengwattana, Bang Khen ...
Thailand drops to 34th in competitiveness
Thailand’s ranking in the Global Competitiveness Index 2016-17 has dipped two places to 34th from last year. The report is an annual assessment of the factors driving productivity and prosperity in 138 countries. The degree to which economies are open to international trade in goods ...
