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The Latest Breaking News from Commerce Ministry

Ecotourism... A Future Direction for Investment in Saudi Arabia

A Saudi investment forum has highlighted ecotourism as one of the most prominent investment shifts in the Kingdom during the coming period. Prince Faisal bin Mishaal bin Saud, Governor of Qassim region, stressed the importance of overcoming obstacles for investors, pointing to cooperation in this regard with the Commerce Ministry…

Asharq Al-Awsat

Inflation expected to fall further this year

Thai inflation in November and December is expected to decelerate further, following a decrease in the prices of several essential consumer goods and stable prices of some items despite higher costs.

Bangkok Post

Ministry, advertisers tackle IP woes

The Commerce Ministry has teamed up with advertising associations and intellectual property (IP) rights owners to fight IP infringement in online ads, aiming to enhance investor confidence and bolster the country's soft power.

Bangkok Post

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Top cop, commerce officials arrested for selling victims' data to scammers

A police lieutenant colonel and a married couple at the Commerce Ministry have been arrested for selling the personal information of more than 1,000 people to Chinese call centre scammers, with 20,000 baht a day being paid into their bank accounts.

Bangkok Post

Palm oil subsidy scheme to seek cabinet approval

The Commerce Ministry plans to ask the cabinet shortly to approve the state-sponsored price guarantee scheme for palm oil farmers for the 2022/23 harvest season, while pledging to support crude palm oil exporters.

Bangkok Post

Call to step up stockpiling in flooded areas

The Commerce Ministry has called for cooperation from department stores and modern trade outlets to help increase stockpiles of essential consumer products to ensure sufficient supplies and faster deliveries, especially in areas affected by floods.

Bangkok Post

Thailand to boost exports to Saudi market

Thailand has set its sights on growing exports to Saudi Arabia by 5% next year, with potential products including food, construction, petrochemicals, automobiles and seedlings.

Bangkok Post

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Jurin remains upbeat on export prospects

Commerce Minister Jurin Laksanawisit remains optimistic that exports will expand well over the remaining months of this year and exceed the growth target set at 4-5% over 2021's level.

Bangkok Post

Aug exports close to forecast, Chinese market slump

Exports rose slightly less than expected in August as global demand for food products increased, but oil-related shipments fell and exports to China slumped, the Commerce Ministry said on Monday.

Bangkok Post

Shopee inks pact to help empower SMEs

The Commerce Ministry's International Trade Promotion Department on Monday signed a Memorandum of Understanding (MoU) with Shopee, an e-commerce platform, to empower small and medium-sized enterprises (SMEs) to showcase their quality products and sell their products online.

Bangkok Post

Ministry to step up export promotion to meet target

The Commerce Ministry has vowed to continue ramping up export promotion activities in the remaining months of 2022, with the aim of raising export revenue to US$285 billion by year-end, hitting the ministry's target and an uptick from $271 billion in 2021.

Bangkok Post

Report to restructure Commerce Ministry under study; idea is to set up trade promotion body: Goyal

The restructuring of the Commerce Ministry rests on pillars like increasing India's share in global trade, assuming leadership roles in multilateral organisations

The Hindu

Inflation expected to peak in third quarter

Thailand's inflation is expected to peak in the third quarter and decelerate in the final quarter, leading the rate for the whole year to move in line with the Commerce Ministry's 2022 target of 6%.

Bangkok Post

Headline inflation meets forecast in August, may have peaked

Thailand's headline inflation rate in August rose slightly from the previous month to a 14-year high, in line with the forecast and reinforcing expectations of a further interest rate hike later this month.

Bangkok Post

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Bangkok Post

Bid to boost Thai goods in Saudi stores

The Commerce Ministry has teamed up with luxury retailer Manuel Market and LuLu Hypermarket to boost Thai exports to Saudi Arabia.

Bangkok Post

Price of instant noodles up by one baht

The Commerce Ministry has bowed to requests from the manufacturers of instant noodles, allowing Mama, Wai Wai and Yum Yum brands to raise their prices by one baht per packet in line with soaring production costs, effective from Thursday.

Bangkok Post

Ministry eyes B42bn in GI product sales

The Commerce Ministry pledges to continue promoting geographical indication (GI) products, aiming to raise sales of GI products including exports to more than 42 billion baht this year from 39 billion baht in 2021.

Bangkok Post

Instant noodle brands seek price hike

Manufacturers of the five largest instant noodle brands -- Mama, Wai Wai, Yum Yum, Nissin and Suesat -- for the first time in their half-century of the establishment have joined forces to call on the Commerce Ministry to allow them to raise their prices in line with soaring production costs…

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Bangkok Post

Making more than ends meet

A move to expedite the enforcement of the new daily minimum wage as early as October has added to the debate over what the most acceptable wage rise should be.

Bangkok Post

Wage hike caution

Labour Minister Suchart Chomklin is right to vow an increase in the daily minimum wage from Oct 1, instead of next year.

Bangkok Post

Ministry rolls out 'Smart Grocery Plus' programme

The Commerce Ministry in partnership with 28 partners from both from the public and private sectors on Wednesday embarked on a "Smart Grocery Plus" programme to raise the competitiveness of local grocery shop operators amid stiffer competition in the domestic retail market.

Bangkok Post

EconThai calls for wage hike to be based on inflation rate

The Employers' Confederation of Thai Trade and Industry (EconThai) is urging the government to base the daily minimum wage calculation on inflation, not politically-motivated factors, as the Labour Ministry plans to enforce the new wage hike in October, which is sooner than originally anticipated.

Bangkok Post

Commerce Ministry ups headline inflation forecast

The continuing rise in energy prices which have raised production costs for manufacturers and the prices of goods has prompted the Commerce Ministry to upgrade the forecast for headline inflation in 2022 to a range of 5.5-6.5% (averaging 6%) from the 4-5% range (averaging 4.5%) projected in March.

Bangkok Post

Department urged to help stimulate exports to China

Commerce Minister Jurin Laksanawisit has ordered the International Trade Promotion Department to speed up the organisation of online business matching with Chinese and Hong Kong importers to boost Thai exports to China after China hit Taiwan with trade curbs amid tensions over the visit of US House Speaker Nancy Pelosi…

Bangkok Post

Headline inflation slows slightly in July as rate hike looms

Thailand's headline inflation rate slowed in July for the first time this year, helped by government support measures, but the pace was still near a 14-year high, reinforcing a view of an interest rate hike next week.

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