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The Latest Breaking News from Commerce Ministry

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

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…

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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

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.

Bangkok Post

Ministry awards 26 firms for establishing ICPs

The Commerce Ministry yesterday awarded certificates to the first 26 companies which have established internal compliance programmes (ICP) that meet criteria prescribed by the ministry to prevent trade activities pertaining to the proliferation of weapons of mass destruction (WMD).

Bangkok Post

Digital content in line for revenue surge

The Commerce Ministry has vowed to continue supporting and promoting the digital content industry, aiming to raise 3.5 billion baht's worth of digital content export revenue this year, up from 1.8 billion baht last year.

Bangkok Post

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Thai delegation to visit Saudi next month

The Commerce Ministry will lead a trade mission to Saudi Arabia next month to strengthen business partnerships between Thailand and the Middle Eastern country, in a bid to grow Thai exports by 20%.

Bangkok Post

Export promotion set to be ramped up

The Commerce Ministry has vowed to beef up its export promotion plans, with the signing of mini-free trade agreements and the projection of soft power around the world among its objectives.

Bangkok Post

Grocery store operators get 'smart' boost

The Business Development Department under the Commerce Ministry has teamed up with 25 partners from both the government and private sectors to raise the competitiveness of local grocery shop operators amid stiffer competition in the domestic retail market.

Bangkok Post

Thailand establishes mini-FTA with Busan

The Commerce Ministry wants to increase Thai exports to South Korea to 200 billion baht over the next three months after signing a memorandum of understanding on Tuesday to form deeper trade partnerships through a mini-free trade agreement (mini-FTA) with Busan.

Bangkok Post

Producers' plea for price bump ignored

Despite manufacturers' insistence on the need to increase their product prices to cope with higher production and raw material costs, the Commerce Ministry remains adamant that prices should remain frozen.

Bangkok Post

Ministry unveils discount packaged rice measure

The Commerce Ministry has teamed up with the Thai Rice Mills Association, Thai Rice Packers Association and petrol stations to sell 1.5 million kilogrammes of packaged rice at a discount of up to 48% or 5-100 baht to help mitigate the cost of living.

Bangkok Post

Weak baht 'driven by external factors'

Thailand's weakening baht is being driven down by external factors and the central bank is closely monitoring the situation, Finance minister Arkhom Termpittayapaisith said, with the currency trading at its weakest level in more than five years against the dollar.

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Inflation close to hitting 14-year high

Price pressures will persist into the third quarter, the Commerce Ministry has admitted, after the country's headline inflation rate hit a near-14-year high in June.

Bangkok Post

Commerce Ministry trying to keep prices from rising

The Commerce Ministry is trying to maintain consumer product prices for as long as possible but has admitted to production cost hikes.

Bangkok Post

Eatery registrations robust

Restaurant, food and tourism-related businesses are slowly recovering thanks to the country's reopening to international tourists and increased arrivals, reflected in the latest new business registration figures released by the Commerce Ministry.

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Fertiliser crisis prompts talks with Saudis

The Commerce Ministry and Thai Chamber of Commerce plan to negotiate with fertiliser suppliers in Saudi Arabia about purchases in a move to address high prices and shortages in the country.

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Bangkok Post

No price rise for bagged retail rice

Retail prices for bagged rice will not rise, but some sellers could reduce promotional discounts due to rising costs, according to the Commerce Ministry.

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Saudi Arabian authorities seize rainbow toys for 'promoting homosexuality'

Authorities in Saudi Arabia seize any rainbow-coloured toys and clothing for promoting homosexuality, according to Saudi state TV.

Bangkok Post

Shippers deny coconut milk rumour

The Commerce Ministry and food exporters brushed aside reports that Walmart, the giant US retailer, is dropping a Thai coconut milk brand on allegations of forced monkey labour, insisting such practices are a relic of the past.

Bangkok Post

Events slated in India to spur exports

The Commerce Ministry is scheduled to organise export stimulus activities in Indian cities this year to raise export growth to the country to 8% this year worth US$9.21 billion.

Bangkok Post

Prices will be kept down as long as possible, says minister

The Commerce Ministry will ensure that prices of consumer goods are kept down for as long as possible, also taking producers' needs into account, the commerce minister said on Tuesday.

Bangkok Post

Jurin stands firm on noodle prices

Despite mounting calls for a hike in instant noodle retail prices by producers, Commerce Minister Jurin Laksanawisit remains adamant the price will remain frozen.

Bangkok Post

May inflation near 14-year high, but policy rate seen on hold

Thailand's headline inflation rose at a much faster pace than expected in May, hitting a high of nearly 14 years on soaring energy prices and the end of some government support measures, a trend the Commerce Ministry said would likely continue.

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