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Thailand

Thai May exports jump 13.2% y/y, highest pace in 52 months

Morocco’s auto industry exports likely to rise to $10b by 2020

BANGKOK: Thailand’s customs-cleared exports rose for a third straight month in May, handily beating expectations, as demand from major markets increased, suggesting the trade-dependent economy was gaining momentum. Exports climbed 13.2% in May from a year earlier after April’s 8.5% increase, commerce ministry data showed on Thursday. A Reuters poll expected an annual rise of 6.3% in May. The jump ... Read More »

Officer detained in arms smuggling case went through Koh Kong casino to access Thailand

Thailand Police

BANGKOK: The Cambodian official arrested by Thai police on suspicion of smuggling weapons entered Thailand using a private road that is part of a border-hugging casino owned by CPP Senator Ly Yong Phat and is not subject to immigration controls, according to two officials at the border. The existence of such an unregulated crossing was denied by a representative of ... Read More »

Assets of Malaysian drug lord ‘Mr T’ seized in Thailand

seized

BANGKOK: Thai authorities have seized various assets worth millions of Thai baht held by “Mr T” or the “Malaysian Iceman”, who acted as a key middleman for international drug syndicates. According to a source, the authorities not only made the move of confiscating assets under his name, they also seized assets held under his Thai wife’s and son’s names. “Their ... Read More »

Thai producers plan to recover shrimp output in H2

SHRIMP EXPORT

BANGKOK: Thai producers plan to increase their shrimp output in the second half of this year, after output from farms dropped year-on-year in the first two quarters of 2017, industry sources told press. Heavy rain, which has caused floods in several provinces, as well as ongoing disease issues, limited the growth of Thai shrimp production in the first half of ... Read More »

Thai eggs to arrive S. Korea by next week

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SEOUL: Eggs imported from Thailand will arrive in South Korea next week, the agriculture ministry said Tuesday, as the government seeks to contain rising prices amid the latest bird flu outbreak. Some 2 million eggs imported by a local company will arrive in South Korea via ship sometime between next Tuesday and Wednesday, according to the Ministry of Agriculture, Food ... Read More »

Thailand Police arrested 3 Chinese in click fraud

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SA KAEO: Three Chinese nationals using phone bots to falsely boost page views on websites were arrested when police raided a rented house in Aranyaprathet district. They were arrested on charges including working without work permits. There were hunded of smartphones racked on metal frames and connected to computer monitors. A search found thousands of unused SIM cards. The police ... Read More »

Fuel smuggling on the rise in Vietnamese waters

FUEL OIL

HANOI: Fuel smuggling is on the rise in Vietnamese waters bordering Malaysia, Indonesia and Thailand recently, partly due to the discrepancy between selling prices in Việt Nam and neighbouring countries, according to the Vietnamese coastguard. Colonel Trần Văn Nam, head of the Legal Department at the Maritime Police High Command, said that the coastguard struggled to inspect petroleum smuggling activities ... Read More »

Thai man arrested for meth smuggling at Mekong bank

meth

BANGKOK: A Thai man allegedly smuggling 2,068 pills of methamphetamine was arrested by Mekong patrol navy officers and police in northeastern Thailand, local media reported. The arrest was carried out in Nakhon Phanom when the man picked up some unknown stuffs from the bank of Mekong river and sneaked into a village nearby, police disclosed. The man, aged 37, run ... Read More »

Thai police seize 12kg of cocaine from Hong Kong tourists

cocaine

BANGKOK: Three Hong Kong tourists, aged 19 to 24, found the Land of Smiles rather less friendly than advertised after they were caught red white-handed smuggling 12.3 kilograms of cocaine into the country. According to Apple Daily, Thailand’s Office of the Narcotics Control Board (ONCB) and Customs intercepted the trio at Bangkok’s Suvarnabhumi Airport on Sunday, acting on a tip ... Read More »

AMCHAM Thailand applauds new customs act, urges continued reforms

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BANGKOK: The American Chamber of Commerce in Thailand has applauded the passage of the new Customs Act BE 2560 (2017) that was published in the Royal Gazette on May 17, the chamber said in a statement on Monday. The new law replaces the Customs Act BE 2469 (1926) and its amendments and is a result of many years of drafts, ... Read More »

Thai customs department cracking down on import tax evasion

logo - Thai Customs

BANGKOK: The Customs Department is keeping an eye on illicit businesses circumventing taxation such as travelers that return with goods for commercial purposes and shipping companies with fraudulent manifests while also considering cooperation with companies such as Alibaba, EBay and Amazon to combat non-regulated e-commerce. Customs Department Director-General Kulis Sombatsiri said the office is working to improve its efficiency in ... Read More »

Thailand’s largest oil and gas firm plans new Asia investment

INVESTMENT

BANGKOK: Thailand’s largest oil and gas explorer PTT Exploration and Production Pcl (PTTEP) is planning new investments or an extension of its operations in fields in Thailand, Malaysia and Myanmar, it said on Tuesday. In Thailand, state-owned PTTEP would bid to extend its concession to operate the Bongkot gas field beyond the existing expiry date of 2023, Executive Vice President ... Read More »

Thailand pressures Nigeria to remove import currency restrictions

Flag-Pins-Thailand-Nigeria

BANGKOK: Thailand has teamed up with the European Union, the US, Norway and Japan to pressure Nigeria to lift its foreign currency restrictions on 41 imports, saying Thailand’s exports have felt the pinch from the move. During a recent meeting of the Council for Trade in Goods under the World Trade Organization, Thailand raised the issue in discussions with some ... Read More »

Bank of Thailand likely to keep key interest rate unchanged at 1.5%in May

bank of thai

BANGKOK: Thai central bank, the Bank of Thailand, is set to have its policy meeting next week. According to a Scotiabank research report, the BoT is expected to maintain its key interest rate at 1.5 percent. Inflation in the nation is currently at 0.4 percent year-on-year and much below the bottom of the central bank’s inflation target of 2.5 percent, ... Read More »

Customs hits back after alleged watch smugglers turn to social media

customs export

BANGKOK: The Customs Department on Wednesday explained why officials took legal action against two Thai women wearing luxury wristwatches at Suvarnabhumi Airport. Chaiyuth Kamkhun, deputy director of the department, said Customs officials spotted two Thai women travelling from Hong Kong on May 10. They were wearing watches of the Swiss luxury brands Audemars Piguet and Patek Philippe and were pretending ... Read More »

Thai police intercept another drugs consignment bound for Hatyai

THAILAND

BANGKOK: Two men driving a concrete mixer trailer stuffed with 2.2 million ‘Yaba’ (Crazy) Methamphetamine pills were apprehended last Saturday en route to Hatyai, southern Thailand, to deliver the illegal consignment. Both the men, who were arrested in Chumphon Province, refused to divulge any information on the drugs intended destination after reaching Hatyai, but Thai authorities believe the drugs would ... Read More »

Philippines BOC seizes rice from Thailand worth P237m at Cebu Port

The Bureau of Customs (BOC) Philippines

MANILA: At least 118,500 bags of rice from Thailand valued at P237 million not covered by import permits were apprehended at the Cebu International Port. Of this number, 80,000 were found in a cargo vessel while 38,500 were found in 77 container vans. It was Verne Enciso, officer in charge of the Customs Intelligence and Investigation Service-Cebu, who recommended to ... Read More »

Thai company seeks opportunity in logistics industry in Can Tho

logistics

Can Tho: Vice Chairman of the People’s Committee of Can Tho city Truong Quang Hoai Nam on May 8 received Sigmund Stromme, Executive Vice President for shipping and logistics at Thoresen Thai Agencies Public Limited from Thailand, who is looking for business opportunities in the local seaport and logistics industry. Speaking at the meeting, Nam said logistics is a key ... Read More »

Indonesia sues Thailand’s PTT for $2b

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BANGKOK/JAKARTA: Contradictory claims sit at the heart of a bitter row that reignited between the Indonesian government and PTT, Thailand’s state-owned oil company, last week over a 2009 oil spill in the Timor Sea between Australia and Indonesia. Reported to be the worst offshore drilling accident in Australian history, it resulted in an estimated 30,000 barrels of oil leaking for ... Read More »

Thailand, Iran agree to strengthen economic ties

Thailand, Iran

TEHRAN: Majlis Economic Commission coordinated a meeting between a Thai economic delegation and the Central Bank of Iran to inform the former of Iran’s economic regulations and latest statistics. Chateaudun Naitasiri, the head of Economy and Finance Commission of the National Legislative Assembly of Thailand, headed the Thai delegation that consisted of representatives from the National Legislative Assembly of Thailand ... Read More »