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Thai chicken exports boosted by Chinese demand

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Thai exports of fresh and processed chicken totalled 390,000 tonnes in the first five months of 2019, up 15 per cent from the same period of last year, according to the Thai Broiler Processing Exporters Association on Monday. The association’s manager, Kukrit Arepagorn, attributed the rise to growth in demand from China, which imported 25,000 tonnes of Thai chicken products ... Read More »

Thailand wants to restrain the world’s strongest currency

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Thailand’s central bank is fretting over the world-beating surge in the nation’s currency. Related departments at the Bank of Thailand are looking at possible measures as the monetary authority is “worried” about the baht’s comparative strength, its senior director Don Nakornthab told reporters in Bangkok on Wednesday. He also said that there’s room for an interest-rate cut, while adding the ... Read More »

Human trafficking suspected as 65 Rohingya Muslims are found shipwrecked in south Thailand

A fishing boat which according to officials was smuggling Rohingya refugees is seen stranded at Rawi island, part of Tarutao national park in the province of Satun, Thailand, bordering with Malaysia, June 11, 2019. Department of National Parks Wildlife and Plant Conservation/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES

BANGKOK: Thai officials said they discovered 65 ethnic Rohingya Muslim refugees who were shipwrecked and stranded in southern Thailand. The chief of Tarutao National Marine Park, Kanjanapan Kamhaeng, said the boat carrying the Rohingya was found after several Thai and Myanmar citizens told park officials their ship had broken down. They initially denied they were transporting Rohingya. Kanjanapan said the ... Read More »

Myanmar, Thailand sign agreement to facilitate overland trade

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Overland cross-border trade between Myanmar and Thailand will officially commence at the end of July following an agreement to allow vehicles from both sides across the border to facilitate the transportation of goods between the two countries. The agreement, which followed discussions that started a year ago, will see the governments of both countries issue licenses to logistics companies to ... Read More »

‘Freed SA drug mule stuck in Thailand as Home Affairs drags its feet’

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The Department of Home Affairs has been accused of dragging its feet for two weeks, leaving a freed South African drug mule to languish at a Thailand detention centre, The Star Reported. DispatchLive reported on Wednesday that Thando Pendu, 33, from Welkom in the Free State, was now a free woman after she was released from Bangkok’s Klong Prem prison ... Read More »

IGP: Migrant smuggling ring crippled, 11 arrested

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Police have crippled a migrant smuggling syndicate following the arrest of 11 people, including three Malaysians. The arrests were made at the Padang Besar Customs, Immigration and Quarantine Complex and two other locations in the Klang Valley. Inspector-General of Police Datuk Seri Abdul Hamid Bador said the syndicate, which had been active since mid-2018, was using Malaysia as a transit ... Read More »

Commerce Ministry working on trade row buffers

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The Commerce Ministry is set to propose short, medium and long-term measures to cope with the impact of the deepening trade row between the US and China at the International Economic Policy Committee meeting chaired by Prime Minister Prayut Chan-o-cha on June 11. Chutima Bunyapraphasara, the acting commerce minister who chaired Wednesday’s joint meeting with the private sector to evaluate ... Read More »

April factory output unexpectedly rises 2.03% y-o-y

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Thailand’s manufacturing production index (MPI) in April unexpectedly rose 2.03% from a year earlier, led by higher production of cars and air conditioners, the Industry Ministry said on Tuesday. That compares with a forecast fall of 1.0% in a Reuters poll, and against March’s revised 2.66% decline. Capacity utilisation was at 63.89% in April, down from March’s revised 74.25%. Due ... Read More »

Trade spat hands Thailand chance to lure more Chinese

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Thailand’s tourism sector is expected to get a windfall from the growing tension between the US and China as tourists from the mainland shorten their long-haul journeys to visit closer destinations instead. Thailand will monitor whether the Chinese government will issue a travel ban to the US for its residents, similar to those issued prohibiting visits to South Korea and ... Read More »

Thai exports continued to contract in March

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The value of Thai exports dropped by -4.9%YOY in March 2019, a contraction continuing from February 2019 with -3.4%YOY growth (excluding one-time shipments of arms and military weapons sent back to the US). As a result, declining export growth in March 2019 registered a 5 consecutive months drop. EIC revises down import growth for the year 2019 to 3.2% from ... Read More »

Thailand’s richest man, 12 others to build US$6.8 billion high-speed rail

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BANGKOK: Thai conglomerate Charoen Pokphand Group (CP) and 12 other companies were selected to build a US$6.8 billion high-speed train project that will link three major airports in the country, the government said on Monday (May 13). The committee, chaired by Thai Prime Minister Prayuth Chan-ocha, chose a joint investor for the public-private partnership that required the lowest amount of ... Read More »

Thailand slashes 2019 exports estimates as trade war escalates

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Thai exporters are expected to pay a heavy price as the ramping up of the US-China trade war continues. The US has now launched a new round of tariffs on Chinese imports. Last Friday US President Donald Trump tweeted: “Talks with China continue in a very congenial manner, there is absolutely no need to rush, as Tariffs are NOW being ... Read More »

Thai banks on 156 billion baht spending spree for recovery

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Thai Airways International is seeking cabinet approval to buy or lease 38 new planes at an estimated cost of 156 billion baht. In the proposal 31 planes will be acquired over the next five years. Thai Airways president Sumeth Damrongchaitham says the proposal would reach Deputy PM Somkid Jatusripitak this week and be put to the cabinet later this month. ... Read More »

Thai business sector drops 2019 export projections by 1%

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The Thai Chamber of Commerce and Board of Trade are revising down Thailand’s 2019 export growth projections from 3.1% to 2.1%. They say several unfavorable external factors are contributing to the revised outlook. Thai PBS reports that Mr. Sanan Aung-ubonkul, vice president of TCC and BoT, says that, in order to maintain the 3.1% growth projection, the value of monthly ... Read More »

Thai exports drop 4.9% in March

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Thailand’s exports in March were down 4.88 per cent year on year (YoY), leading to a 1.6-per-cent contraction in exports in the first quarter of this year compared to the same period last year. The Commerce Ministry reported on Monday Thailand’s customs-cleared exports fell to US$21.4 billion after a 5.9% rise in February to $21.6 billion. Pimchanok Vonkorpon, director-general of ... Read More »

TCEB inks MoU with four foreign Chambers of Commerce

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BANGKOK: The Thailand Convention & Exhibition Bureau (TCEB) is leveraging the development of Thai MICE business in long-haul markets in collaboration with foreign chambers of commerce representing Australia, the UK, the US and Germany. TCEB President Chiruit Isarangkun Na Ayuthaya explained at the signing of an Memorandum of Understanding (MoU) on Thursday (Apr 25) , “The signing of this MoU ... Read More »

Thailand plans $630m in economic measures to boost growth: Finance minister

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Thailand will introduce economic measures worth about 20 billion baht ($629.52 million) to spur its slowing economy, the finance minister said. The measures will be aimed at boosting consumption, tourism and helping low-income earners, and will be submitted to cabinet within two weeks, Apisak Tantivorawong told reporters, Reuters reported. Thailand’s economic growth is expected to slow to about three percent ... Read More »

Thai fruit exports rise to $2.65 bln under FTA deals

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BANGKOK: The Director-General of the Department of Trade Negotiations, Auramon Supthaweethum, said Thailand exported fruits worth 2.65 billion US dollars. This is a 17 percent increase year-on-year, driven by the country’s free trade agreements (FTA) with the ASEAN, China, Japan, South Korea, India, Australia, New Zealand, Peru, Chili, and Hong Kong. Ms. Auramon said the ASEAN and China are the ... Read More »

Forecasts for Thai export growth revised upwards

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The meeting of the Joint Standing Committee on Commerce, Industry and Banking has revised upwards its forecast of export growth in 2019 to between 6.5 – 7.5% from the previous forecast of between 3.5 – 4.5%. The revision is in line with export growth in the past eight months, the committee said. Growth momentum is expected to continue during the ... Read More »

Thai Airways cancels all flights to Pakistan, Iran and Europe

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All Thai Airways International flights between Thailand, Pakistan, Iran and Europe were cancelled after Pakistan closed its airspace. Initial flights cancelled were four from Suvarnabhumi – TG974 to Moscow, TG954 to Oslo, TG930 to Paris, and TG916 to London – and TG296 from Phuket to Frankfurt. Thai Airways International president Sumeth Damrongchaitham described the situation as an emergency The situation ... Read More »