Economy and commerce
Small and medium enterprises (SME)
Thai - Myanmar border trade remains unchanged amid the military takeover [Video]
The Ministry of Commerce is monitoring the situation in Myanmar to assess the situation and prepare to deal with any impact on exports and trade between Thailand and Myanmar.Keep watching ...
Export recovery poised to continue, says BoT
Exports are expected to continue improving, following the return to growth in December, the first uptick in 10 months, supported by higher demand from trading partners and better global trade sentiment, says the Bank of Thailand.In December, the value of merchandise exports grew by 4.6% ...
Somruedi Banchongduang
Virus takes Bt6.5bn bite out of Thai chicken exports
The Covid-19 crisis drove down Thai exports of processed, refrigerated and frozen chicken in 2020 to 945,000 tonnes worth Bt105 billion, from 950,000 tonnes worth Bt111.5 billion in 2019, said the Thai Broiler Processing Exporters Association on Friday.“The outbreak resulted in lockdowns in Japan and ...
The Nation Reporter
BoT and Ministry look to tweaking soft loans for SME aid
The Finance Ministry and the Bank of Thailand are set to discuss amending the soft loan royal decree soon in a bid to provide greater financial relief coverage for small and medium-sized enterprises (SMEs).The idea of amending this royal decree stems from the intent of ...
Wichit Chantanusornsiri
Govt plans to create 1,000 SMEs in five years with revenue exceeding Bt1 billion per year
The Education Ministry will work with the Federation of Thai Industries (FTI) in setting up an innovation fund for small and medium enterprises (SMEs), with the aim of creating at least 1,000 start-up SMEs with revenue exceeding Bt1 billion per year within five years.Kittipong Promwong, ...
The Nation Reporter
New Covid wave, shortage of containers, strong baht all hitting export sector: TNSC
Thai National Shippers Council (TNSC) expects exports this month to only grow by 3 to 4 per cent, as the new wave of Covid-19 infections is expected to further affect the export sector.TNSC president Kanyapak Tantipipattanapong, however, admitted that the new normal and the work-from-home ...
The Nation Reporter
Asian manufacturing picks up momentum on strong exports
Factory activity across Asia — including Thailand — continues to gain momentum, spurred by strong demand for the region’s exports, purchasing managers’ indexes show.Japan’s PMI rose to 50 in December, its highest reading since April 2019, according to Jibun Bank and IHS Markit. Taiwan’s PMI ...
The Commerce Ministry sees gradual recovery in Thai exports in 2021
The Ministry of Commerce on Wednesday estimated Thailand’s exports in 2021 to gradually recover, with a 4 per cent growth following signs of a better global trade, COVID-19 vaccines, and economic stimuluses in many countries.Thai exports saw less contraction at 3.65 per cent year-on-year in ...
Panithan Onthaworn
State puts RCEP pact on fast track
The government is speeding up the process to enable parliament to approve its signing of the Regional Comprehensive Economic Partnership (RCEP) trade pact, potentially the word’s biggest free trade deal, by February 2021 to pave the way for full ratification within 2021, says Commerce Minister ...
Phusadee Arunmas
Thailand signs RCEP agreement but PM warns of challenges ahead
Prime Minister General Prayut Chan-o-cha participated on Sunday in the 4th Regional Comprehensive Economic Partnership Summit (RCEP), which was one of the meetings in addition to the 37th Asean Summit through teleconference.The PM said he was very pleased that the meeting could conclude the outcome ...
The Nation Reporter