Friday , December 15 2017
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Malaysia’s 2017 exports to Thailand until October,


BANGKOK:  Malaysia’s exports to Thailand from January to October this year increased 16.4 per cent to RM41.91 billion from RM32.26 billion in the same corresponding period last year. Malaysia External Trade Development Corporation (Matrade) trade counsellor in Thailand, Norman Dzulkarnain Mohd Nasri, said electrical and electronics (E&E) products were Malaysia’s largest export to the Kingdom during the period, accounting for ... Read More »

Agricultural exports Up 9%,


BANGKOK: More than 3.67 million tons of agricultural products worth $3.85 billion were exported from Iran during the eight months to Nov. 21, registering a 3.5% decrease in weight and more than 9% increase in value compared with the corresponding period of last year, the head of Agriculture Commission of Tehran Chamber of Commerce, Industries, Mines and Agriculture said. “Iran’s ... Read More »

Thailand’s ‘war on sugar’ aims to slim people and fatten coffers,


BANGKOK: Faced with rising obesity rates, as well as health care costs that are ballooning nearly as fast as people’s waistlines, the Thai government has introduced an excise tax aimed at nudging beverage makers into making less sugary drinks. Pricier soda and sweet tea is causing grumbles, and it is not just soda fans who are complaining. According to a ... Read More »

Customs destroy N7.2m worth of poultry in Benin.


BANGKOK: Usman, who was represented by superintendent of customs patrick onyemem, said the seizure and destruction of the products was in compliance with the Federal Government’s policy on imported frozen poultry products. He said that the poultry products totaling 480 cartons were being smuggled and conveyed into Benin in two vehicles – a Toyota Camry with Registration Number AAA692ES and ... Read More »

Tax hikes won’t solve SA’s fiscal woes


CAPE TOWN: South Africa suffers from a trifecta of social challenges, namely inequality, poverty and high levels of unemployment. This, when coupled with the state of economic stagflation, rampant government expenditure and bureaucratic paralysis, is creating unprecedented fiscal pressure. Tax revenue, as described in the medium-term budget policy statement, is projected to fall short of the 2017 Budget estimate by ... Read More »

Thai Oct exports up 13.1 pct y/y, beats forecast


BANGKOK:Thailand’s customs-cleared annual exports rose for an eighth straight month in October, slightly more than expected, as global demand remained strong. Exports, a key driver of Thailand’s growth, climbed 13.1 percent in October from a year earlier after rising 12.2 percent in September, commerce ministry data showed on Wednesday. That beat the median forecast of an 11.8 percent rise from ... Read More »

Thai Customs seize ivory and pangolin scales at Suvarnabhumi airport


  BANGKOK: Thai customs authority seized 39 pieces of ivory weighing about 116kg, along with 15kg of pangolin scales at the Suvarnabhumi Airport here last Tuesday. According to its director general, Kulit Sombatsiri, the shipment, which was declared as fish product, came from Congo using Turkish Airlines destined for Thailand. The total value of the shipment was about 11 million ... Read More »

Thailand seeks to import more fish for surimi sector as local supply drops


BANGKOK: Thailand will have to increase its fish imports to cover for a 40 percent drop in local fish landings, according to the vice chair of the committee on fisheries at the Thai Chamber of Commerce. Leading the demand for more product, local surimi factories are looking to increased imports of cod to make their orders, Anucha Techanitisanad said. “We ... Read More »

Bank of Thailand selects SimCorp Dimension


BANGKOK: SimCorp, a leading provider of investment management solutions and services to the global financial services industry, announced today that The Bank of Thailand, Thailand’s central bank, has selected SimCorp Dimension as its new investment management platform to support the reserve management and monetary policy operations of its USD 226 billion reserves. Leveraging SimCorp Dimension’s integrated IBOR (Investment Book of ... Read More »

Thai Oct headline CPI raises 0.86% YOY, slightly above forecast


BANGKOK: Thailand’s annual main consumer price index rose for a fourth straight month in October, slightly higher than forecasts, government data showed on Wednesday, but the rate was still below the central bank’s target, giving it room to keep monetary policy accommodative. The headline consumer price index climbed 0.86 percent in October from a year earlier, the same rate as ... Read More »

Thailand raises 2017 GDP growth outlook to 3.8%


BANGKOK: Thailand’s Finance Ministry on Monday raised its economic growth forecast for this year to 3.8% from 3.6%, and upgraded its estimate for export gains, a senior official said. Exports, a key driver of Thai growth, should increase 8.5% this year, compared with the 4.7% projected in July, Suwit Rojanavanich, director general of the ministry’s fiscal policy office, told a ... Read More »

Thai Oct CPI to hold steady, factory output growth slightly slower


BANGKOK: Thailand’s headline inflation is expected to be little changed in October and still below the central bank’s target range, while September factory output growth slowed, a Reuters poll showed, giving policymakers room to keep monetary policy loose. The median forecast of 13 economists was for the headline consumer price index (CPI) in October to rise 0.82 percent from a ... Read More »

Thai baht hits new record high in two years

thai baht

BANGKOK: The Thai baht rose to 33.94 baht per USD, a record high in the past two years after the Bank of Thailand (BOT) decided not to take measures to stop the rise of the domestic currency. Previously, in April, BOT imposed measures to scale back short-dated bond sales in an effort to lower short-term fund inflows, which strengthen the ... Read More »

Thai exports expected to soar by 8% in 2017


BANGKOK: Thai exports value in September have roared to a new record in most product categories and major markets, with the full-year export expected to beat the previous forecast at 8 percent, local media quoted the commerce minister as saying on Saturday. Exports, a key driver of Thailand’s growth, climbed 12.2 percent in September with a total value of 21.8 ... Read More »

Thailand’s KTB bank Q3 profit tumbles on higher provisions


BANGKOK: State-owned Krung Thai Bank Pcl on Friday reported a 32 percent drop in third-quarter net profit to 5.8 billion baht due to higher provisions and impairment losses. Thailand’s fourth largest lender by assets set aside 9.9 billion baht for impairment loss on loans, up nearly 30 percent from last year, and 7.2 billion baht in provision expense, 30 percent ... Read More »

Thailand raises forecast for 2017 exports, despite strong baht


BANGKOK: Thailand has raised its forecast for 2017 export growth for the second time in a month, showing a key driver for the economy has improved after years of sputtering. The Commerce Ministry said on Thursday is now expects exports to increase more than 8 percent this year. In September, it hiked its original forecast of 5 percent to at ... Read More »

Thai Sept exports seen rising for 7th straight month

Philippines Jan. exports rise at fastest pace in 3 years

BANGKOK: Thailand’s customs-cleared annual exports likely expanded for a seventh straight month in September but at a slower pace than August, underpinned by strong global demand, economists said. Exports, a key driver of Thailand’s growth, were forecast to grow 10.42 percent in September from a year earlier after rising 13.2 percent in August, according to the median forecast of eight ... Read More »

Thailand’s TMB Bank Q3 profit misses as bad loans provision climbs


BANGKOK: TMB Bank Pcl, Thailand’s seventh largest bank by assets, reported a 10.4 percent year-over-year rise in third-quarter pretax profit, which fell short of market expectations as the lender’s provision to cover bad loans rose from the previous quarter. The bank’s profit before taxes for the quarter ended September came in at 2.53 billion baht ($76.4 million), compared with analysts’ ... Read More »

Thailand’s record current-account surplus adds muscle to baht

current account

BANGKOK: The baht is at its highest point against the dollar in about two and half years, as Thailand’s policymakers and exporters worry that the strong currency could hurt industry. Read More »

Thai GDP to grow by 3.3 to 3.6%

high growth rates

BANGKOK: TRIS Rating expects Thailand’s gross domestic product (GDP) will grow by between 3.3 per cent and 3.6 per cent this year, compared with 3.2 per cent last year, driven by a recovery in exports, continued growth in the tourism industry, and a rise in household expenditure. However, TRIS Rating is still concerned about external risk factors such as risks ... Read More »