Thai and Myanmar businesspeople joined a seminar in Myanmar to determine investment trend after the ASEAN nations merge in 2015 to form the ASEAN Economic Community (AEC). According to Mae Hong Son Chamber of Commerce Chairperson Supoj Klinpraneed, the seminar was organized by the Thai Ambassador in Yangon, H.E. Aphirat Wieanrawee, who invited leading Thai [...]
The Ministry of Commerce is planning to ask the Government to consider forming the new National Rice Policy Committee (NRPC), which will help work out details of the rice pledging scheme. Permanent Secretary for Commerce Yanyong Phuangrach stated that the Commerce Ministry would propose to the Government the establishment of the new NRPC within this [...]
The Department of Export Promotion (DEP) has confirmed that the global economic situation especially in the US and the EU will not affect Thai exports much because Thailand still has other trading partners. According to DEP Deputy Director-General Vuthichai Duangratana, the DEP has been monitoring the US and EU economic situations closely. The Thai exports [...]
Kasikorn Research Centre (KResearch) has estimated that the Thai baht this week (from 15 to 19 August 2011) will move in the range of 29.80-30.20 baht per US dollar with some trade and economic figures as the major focus this week. KResearch reported that the baht had been weakened last week after the US lost [...]
The Federation of Thai Industries (FTI) is waiting to see the economic team of the new government from the distance as it is confident that the cabinet will be capable of solving economic problems. FTI Chairperson Payungsak Chartsutipol expressed his belief that the new government will select appropriate figures who are well accepted in the [...]
The Ministry of Commerce has confirmed that the upcoming establishment of the ASEAN Economic Community (AEC) will help expand market for ASEAN nations and lift the grouping on par with other recognized economic blocs. Permanent Secretary for Commerce Yanyong Puangrach stated that the AEC formation in 2015 will integrate ASEAN member states together economically, making [...]
Kasikorn Research Centre (KResearch) has suggested that domestic political stability and international economic situation be monitored closely as they might affect the Thai economic condition in the latter half of this year. KResearch projected that the Thai economy in the second half this year will expand continuously with the tendency to outperform the first half [...]
Kasikorn Research Centre (KResearch) has projected that the Stock Exchange of Thailand (SET) index is likely to increase this week (from 4 to 8 July 2011) while the 3 July general election result will play role in the stock trade. KResearch reported that the SET index last week closed at 1,041.48 points, up 1.81% from [...]
BANGKOK, 30 June 2011 (NNT) – The Bank of Thailand (BoT) has indicated that the Thai economy in May 2011 expanded remarkably from the previous month while the export volume of rice reached the highest level in history. According to Director of the BoT’s Domestic Economy Department Methee Supapong, a significant month-on-month growth was seen [...]
BANGKOK, 29 June 2011 (NNT) – The Federation of Thai Industries (FTI) wants to see domestic political situation bolstering the Thai economic stability. Speaking during a seminar entitled ‘the Economy in the Latter Half of 2011: Opportunities and Challenges’, FTI Chairperson Payungsak Chatsutipol expressed his hope that all sides would accept the election result. He [...]
