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The Latest Breaking News from Commerce Ministry

The Commerce Ministry on Wednesday clinched a memorandum of understanding to form a deeper trade partnership through a mini-free trade agreement (mini-FTA) with Shenzhen in China, aiming to grow trade between Thailand and the southeastern metropolis by 5% to 910 billion baht in 2024.

Bangkok Post

Demystifying sticky Thai goods prices

Thailand may be unique in handling the domestic prices of products and services. Whenever manufacturers and business operators shoulder higher production costs and ask state units for permission to raise their prices, the Internal Trade Department always rushes to call a joint meeting with them.

Bangkok Post

January rice export volume up 75.2% y/y

Thailand's rice exports for January were at 805,519 tonnes, up 75.2% from a year earlier, helped by year-end orders, higher demand from the Middle East and a weak baht currency, the Commerce Ministry said on Monday.

Bangkok Post

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Foreigners set to invest B100bn this year

The Commerce Ministry remains bullish about Thailand's foreign investment prospects, forecasting a minimum of 100 billion baht in inflows this year.

Bangkok Post

Crude palm oil exports set to hit 1m tonnes

Crude palm oil exports may reach 1 million tonnes this year, up from 919,000 tonnes last year, driven by a higher supply of oil palm and strong demand from India and China, according to the Commerce Ministry.

Bangkok Post

Economic gains ease cost pressure on producers

The Commerce Ministry insists pressure on domestic manufacturers to raise product prices has declined as sales improve, the government issues stimulus measures, discount campaigns are organised nationwide by the ministry to reduce the cost of living, and a surge of foreign tourist arrivals drives economic activities.

Bangkok Post

Ministry targets top 5 rank for exports in Asia

The Commerce Ministry says it wants Thailand to become one of the largest exporters in Asia by 2027.

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Ministry preps 450 events

The Commerce Ministry is set to organise as many as 450 activities to stimulate exports this year, focusing mainly on four potential markets: the Middle East, South Asia, China, and Cambodia, Laos, Myanmar and Vietnam (CLMV).

Bangkok Post

'Grey' businesses facing crackdown

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.

Bangkok Post

Commerce Ministry probes 200 suspected 'grey' business fronts for foreigners

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.

Bangkok Post

Inflation expected to dip through year

The government expects the inflation rate to continuously decrease throughout this year after the rate in January declined, reaching the lowest level in nine months.

Bangkok Post

Baht hits high-value products

High-value industrial products with few imported raw materials such as rubber products, canned and processed seafood, gems and jewellery are expected to be the hardest hit as the baht strengthens, according to the planning unit of the Commerce Ministry.

Bangkok Post

Jurin optimistic on trade bonanza from UAE venture

Commerce Minister Jurin Laksanawisit is scheduled to lead delegations from the government and private sector to visit the United Arab Emirates (UAE) during Feb 6-7, with a goal to raise Thai exports to the UAE by up to 30 billion baht this year.

Bangkok Post

Officials optimistic over Laos borders

The Commerce Ministry is bullish about bilateral trade with Laos after officials recently met their counterparts to accelerate the reopening of four border checkpoints opposite Thailand's Nong Khai province.

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Bangkok Post

Demand sturdy as rice export target 7.5m tonnes

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.

Bangkok Post

US-China tech war likely to intensify

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.

Bangkok Post

Ministry extends price controls on five products

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.

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Ministry identifies 8 sectors with promise

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Inflation rate poised to slow to 2-3% in 2023

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.

Bangkok Post

Headline CPI up 5.89%, in line with forecast

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.

Bangkok Post

Agency to continue cost of living battle

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.

Bangkok Post

Fiscal policy plans endorsed by cabinet

The cabinet yesterday approved the medium-term fiscal policy for fiscal 2024-2027, with the aim of achieving a significant reduction in the budget deficit in 2024 to ensure fiscal stability.

Bangkok Post

Exports continue to slump

Exports are expected to continue dropping in December because of the global economic slowdown, but the Commerce Ministry remains confident that full-year export growth should be around 7%.

Bangkok Post

Exports drop 6.0% in Nov, slightly worse than forecast

Thailand's exports dropped for a second straight month in November and by more than expected, due to a global slowdown and China's lockdown measures, the Commerce Ministry said on Tuesday.

Bangkok Post

Shopping discounts launched

The Commerce Ministry kicked off its "New Year Grand Sale" campaign yesterday via partnerships with the private sector and online platforms, offering steep discounts of up to 85%.

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Jurin Laksanawisit

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