The Latest Breaking News from Commerce Ministry

The Commerce Ministry is investigating 200 companies suspected of acting as nominees for foreign businesses in a move to curb the so-called "grey" market, with a particular focus on restaurants and tourism-related business in four notorious areas of Bangkok.

The Commerce Ministry has been investigating 200 companies suspected of acting as nominees for foreign businesses in a move to curb the so-called "grey business" sector, focusing on restaurants and tourism-related enterprises in four notorious areas of Bangkok.

Thailand has set a rice export target for this year of 7.5 million tonnes, slightly lower than the 7.69 million tonnes exported in 2022.

Thai entrepreneurs are being urged to closely monitor the US-China technology war as it is expected to intensify this year, warns the Commerce Ministry's planning unit.

The Commerce Ministry has extended price controls on five products comprising hygienic face masks, synthetic fibres for face mask production, alcohol gel, paper for recycling, and chicken for another year.

Businesses related to lifestyle, accommodation, tourism and environmental protection are expected to maintain their healthy growth momentum this year, according to a recent study by the Commerce Ministry.

Thailand's inflation rate is expected to slow to 2-3% this year after soaring to a 24-year high last year, driven mainly by rising energy prices.

Thailand's headline consumer price index (CPI) rose 5.89% in December from a year earlier, in line with analyst forecasts, but above the previous month driven by higher energy and food prices, government data showed on Thursday.

The Commerce Ministry vows to move ahead with plans to help reduce the cost of living for people this year despite inflationary pressure easing, as reflected by lower domestic prices of most products and services.