Business News Asia
The Gold Traders Association in Thailand reported that the retail price of gold (96.5% purity) in the country has increased by 250 baht from the previous day, with gold bars being sold at 30,200 baht per baht gold and gold…
The Bank of Thailand (BOT) has reported a rise in its Business Confidence Index, with January’s reading at 49.8, up from December’s 48.4. Almost all components have contributed to the increase, with the manufacturing and non-manufacturing sectors both slightly above…
The Office of Industrial Economics (OIE) has reported a contraction in Thailand’s Manufacturing Production Index (MPI) in December 2022. The MPI was at 93.89, a decrease of 8.19% compared to the same period in the previous year. This contraction marks…
According to the National Statistical Office (NSO), Thailand’s tourism industry recovery has led to an increase in employment and a decrease in unemployment. A survey on the employment status of Thai people in November 2022 found that of the 58.73…
The Deputy Minister of Agriculture and Cooperatives announced that the country has seen a significant increase in the export of agricultural products, particularly those with Thai phytosanitary certificates, due to the improving global economy following the COVID-19 situation. According to…
According to Krungthai COMPASS, the value of Thai exports in 2023 is likely to grow by 0.7%, supported by the relaxation of China’s disease control measures in January. The return of China’s manufacturing sector to normal is expected to help…
The chairman of the Thai Shippers’ Council (TNSC), also known as the Council of Exporters, has revealed that the TNSC Board of Directors has been considering suggestions for alleviating problems and helping Thai exporters affected by the rapid appreciation of…
A spokesman for the automotive industry, the Federation of Thai Industries (FTI), reported that car exports in 2022 exceeded the target of 1 million units, returning to pre-COVID-19 levels. This success is due to the fact that a shortage of…
BANGKOK, Thailand – The Thai baht has rallied ahead of other Asian currencies, supported by the return of Chinese tourists during Chinese New Year. The baht appreciated to a nine-month high of 32.65 baht per dollar on Friday, Jan. 20,…
The Gem and Jewelry Institute of Thailand (GIT) has announced a collaboration with the Synchrotron Light Research Institute (SLRI) to promote and support research and innovation in the Thai gem and jewelry industry. The two organizations have signed a memorandum…
