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The Latest Breaking News from Commerce Ministry

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%.

Bangkok Post

Exports to grow amid global slump

Thailand's exports are expected to reach nine trillion baht by the end of the year, before increasing further to 9.25 trillion baht next year, amid predictions of higher-than-expected economic growth, according to the Commerce Ministry.

Bangkok Post

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Democrats on the brink

The Democrat Party disputes a recent opinion poll that poured cold water over its prospects in the next general election, saying voters will have the final say.

Bangkok Post

War rooms set up to stimulate exports

The Commerce Ministry has set up war rooms to spur exports, tackle obstacles to trade and curb the negative impact of a global economic slowdown in 2023.

Bangkok Post

Inflation slows for 3 months in a row

Thailand's inflation rate slowed for a third straight month in November helped by a fall in food prices, especially for fresh vegetables, fresh fruits, meats and seasonings.

Bangkok Post

Inflation slowing as supply increases

Inflation slowed for three consecutive months, easing from 5.9% in October to 5.5% in November, on prices of fresh food and ingredients as supply increased, according to the Commerce Ministry.

Bangkok Post

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Exports forecast to ease in final quarter

Exports are expected to contract by 1-3% in the fourth quarter year-on-year because of slowing global demand, according to the national shipping trade group.

Bangkok Post

Exports drop in Oct as global demand slows

Exports unexpectedly fell in October as tight monetary policy to curb inflation in major trading partners affected purchasing power and economic activity, the Commerce Ministry said on Monday.

Bangkok Post

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

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

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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

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.

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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.

The Hindu

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

Bangkok Post

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

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.

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