Category: Business

BANGKOK, July 16-The Prime Minister is confident that all of his past work has resulted in Thailand being the number one exporter of Thai fruits to China. Has a share of China's fruit market to 41.3 percent. The government prepares a plan to distribute products to the Chinese market by province.

Ms. Ratchada Thanadirek, Deputy Spokesperson for the Prime Minister's Office, revealed that General Prayut Chan-o-cha, Prime Minister and Minister of Defense. Nice to hear that Thailand is China's number 1 fruit importer and has a 41.3% share of China's fruit market, reflecting the potential of Thai products. Ready to advise entrepreneurs to maintain quality standard of fruit Prepare to export to the Chinese market in each province. Including other interesting additional markets

Deputy Spokesperson for the Prime Minister's Office said that the Office of Trade Policy and Strategy (TPP), Ministry of Commerce, revealed that Thailand is the number one exporter of fruit to China, with Thailand having a share in China's fruit market in 2022. Up to 41.3 percent, which at present, the China Customs Office (GACC) allows the import of more than 22 types of fruits from Thailand, including tamarind, custard apple, papaya, star fruit, guava, rambutan, longan, sapodilla, passion fruit, orange peel, orange, pomelo, pineapple, banana, coconut, jackfruit, longan, durian, mango, lychee, mangosteen and rose apple. The fresh fruits that Thailand dominates in the main market in China are durian with 95.3% market share, longan 99.3%, mangosteen 86.8%, coconut 69.2%, custard apple 100%, rose apple 100% and rambutan 82.4%.

with the government's proactive work policy Highlights in terms of quality and taste of Thai fruits Make Thai fruits have a market share. and is in great demand abroad This is an important opportunity for Thai farmers and entrepreneurs to develop quality. production process management for the export of Thai fruits Including the government pushing the market distribution policy Reduce the risk of relying on a single market. by diversifying fruit export markets to new markets with purchasing power And expand the market down to the province level of China more. This will contribute to helping more Thai fruits enter the inner cities of China.

“The Prime Minister has emphasized on maintaining quality. Hygiene, safety and fruit quality standards By continuously instructing to promote and push the export of products to both domestic and foreign markets. ready to encourage Thai entrepreneurs to find additional potential export channels to meet the needs of consumers to present Thai products to be known increase market share And increase trade value for the country in the future, ”said Ms. Ratchada.-Thai News Agency

Source: Thai News Agency

Bangkok, July 16-The government continues to promote investment. and continuously increase the confidence of foreign investors Chinese electric car makers are expected to invest more than $1.44 billion in Thailand.

Ms. Ratchada Thanadirek, Deputy Spokesperson for the Prime Minister's Office, revealed that the government has continued to promote investment. and build confidence among foreign investors The Eastern Economic Corridor Policy Office (EEC) or EEC organized activities and met investors. both at home and abroad continuously especially with important target industries Confident that it will be an opportunity to increase the number of trade and investment in Thailand

Deputy Spokesperson for the Prime Minister's Office revealed that the EEC is in discussion with important investment agencies. Including meeting with senior executives from France in important target industries such as the aerospace industry energy industry group food industry Modern automotive industry, such as the electric vehicle (EV) group, where all companies have shown interest in investing in the EEC area of Thailand. The EEC has presented information and investment opportunities. along with showing strengths in the EEC area, such as the development of core infrastructure That supports seamless transportation by land, ship, air, which will be a gateway to connect travel and transport around the world. It also creates a business linkage system (ecosystem) and prepares to develop quality personnel skills. to motivate and build confidence in investment

Deputy Spokesperson for the Office of the Prime Minister further stated that In the group of electric vehicles (EV), Chinese electric car manufacturers are very interested in investing in Thailand. It is expected to have an investment value of over $1.44 billion. This investment is regarded as a result of investment promotion by the Thai government. Which has issued various measures and benefits according to the 30/30 policy, that in the year 2030 electric cars will be produced for 30 percent of the domestic car production The arrival of Chinese electric car manufacturers has increased the popularity of electric cars in Thailand. which is the second largest automobile market in ASEAN by industry data In the first half of 2023, there are more than 31 electric cars, 000 cars registered in Thailand, more than three times the total number in 2022, the BOI has recently stated that China's third-largest electric vehicle company, GAC AION New Energy Automobile, has accepted a major investment in Thailand. The investment in the first phase will be more than 6,000 million baht. It has also chosen Thailand as a base and set up an EV battery factory in Thailand, which is considered the first in the ASEAN region. The investment value is more than 1,000 million baht due to the advantages and the important role of Thailand. As a regional center for the production and export of motor vehicles which will facilitate the company able to expand business And use Thailand as a base for manufacturing and exporting batteries to Indonesia. Vietnam in the future 000 million baht. In addition, Svolt Energy Technology (Thailand) Co., Ltd., a Chinese electric car battery manufacturer It has also chosen Thailand as a base and set up an EV battery factory in Thailand, which is considered the first in the ASEAN region. The investment value is more than 1,000 million baht due to the advantages and the important role of Thailand. As a regional center for the production and export of motor vehicles which will facilitate the company able to expand business And use Thailand as a base for manufacturing and exporting batteries to Indonesia. Vietnam in the future 000 million baht. In addition, Svolt Energy Technology (Thailand) Co., Ltd., a Chinese electric car battery manufacturer It has also chosen Thailand as a base and set up an EV battery factory in Thailand, which is considered the first in the ASEAN region. The investment value is more than 1,000 million baht due to the advantages and the important role of Thailand. As a regional center for the production and export of motor vehicles which will facilitate the company able to expand business And use Thailand as a base for manufacturing and exporting batteries to Indonesia. Vietnam in the future

“The government continues to promote investment. both in traditional industries Targeted industries in the EEC area and important economic areas Especially in the EV sector, Thailand has the potential and readiness to be an EV production center as well as being an investment center in targeted industries in the region. The BOI has measures to promote investment. and benefits that are ready for investors from all over the world to fully utilize their benefits, ”said Ms. Ratchada.-Thai News Agency

Source: Thai News Agency

Thai Deputy Prime Minister and Foreign Minister, Don Pramudwinai, held a meeting with visiting Russian Foreign Minister, Sergei Lavrov, in the southern island of Phuket yesterday, said the Thai Foreign Ministry.

Lavrov is in Phuket to preside over the opening of the Consulate-General of Russia, in the resort island.

The ministry said, the two sides had a fruitful discussion on issues of mutual interest, including ways to increase trade, enhance cooperation in science, technology and innovation (STI), culture, sports, and tourism, as well as, expressing support for the commencement of negotiations on a free trade agreement (FTA) between Thailand and the Eurasian Economic Union (EAEU), at the earliest opportunity.

The two senior diplomats also exchanged views on regional and global issues, such as, the situations in the Asia-Pacific region, Ukraine, and Myanmar, said the ministry

Source: Nam News Network

Nonthaburi, July 13 - Permanent Secretary of the Ministry of Commerce continues to drive innovation development for products from fully integrated rubber. cooperation with government agencies academy And the private sector focuses on further research along with creating added commercial value to create variety and stand out for Thai rubber products when competing in the world market.

Mr. Kirati Ratchano, Permanent Secretary of the Ministry of Commerce, said that Thai rubber products are recognized for their quality. and standards from around the world, where Thailand is the world's No. 1 exporter of processed rubber, with Thailand exporting rubber and rubber products on average 590,000 million baht per year in 2022, Thailand exports a value of 658,000 million baht and in the last 5 months The first of 2023 is worth 200,000 million baht. The main export markets are China, the United States and Japan.

However, the Ministry of Commerce continues to push forward Thai entrepreneurs to build competitiveness in international trade. by creating value and diversifying And add innovation to rubber products The development and research of rubber innovation plays an important role. In expanding the export value of rubber products from Thailand, which the Rubber Innovation Research and Development Institute Prince of Songkhla University It is an institute that is particularly strong in the development and research of rubber. Therefore, it is an agency that will fill in education, research, development and increase the efficiency of natural rubber. in order to extend the product range of various types of rubber products for Thai entrepreneurs Including the Federation of Thai Industries will play a role in connecting the Thai rubber industry network. with the Ministry of Commerce ready to support marketing as well

Mr. Phusit Rattanakul Sereereungrit Director-General of the Department of International Trade Promotion said that one of the important missions that The Department aims to develop and promote international trade for Thai agricultural products. Which rubber is one of the agricultural products that have an important effect on the Thai economy as a whole, therefore, expanding market channels and promoting value-added to Thai rubber Including the development of potential and promotion Thai entrepreneurs in international business By using the strategy of integrating cooperation among agencies, partners will help drive the expansion of trade channels as well as reduce barriers to trade between countries. lead-driven with market-led production strategies

However, this cooperation Department of International Trade Promotion Rubber Innovation Research and Development Institute, Prince of Songkla University and the Federation of Thai Industries Set up a project to promote the marketing of innovative rubber products. There is a plan to operate during May-September 2023 with 3 activities under the project consisting of

• The 1st Natural Rubber Innovation Matching Day activity held on May 18, 2023 at Prince of Songkla University. and the Southern Science Park, Hat Yai District, Songkhla Province. There were 11 companies, 19 entrepreneurs participating in the activity. There were 11 pairs of in-depth consultations with researchers. rubber Rubber foam mixed with zeolite to reduce flame spread. Process of preparing recycled rubber or devulcanized rubber from natural rubber glove scraps. medical simulation equipment for Practice injecting insulin, etc.

In this regard, a Memorandum of Understanding (MOU) was signed on July 13, 2023, with the 2nd Natural Rubber Innovation Matching Day activity scheduled for August 31, 2023 at the Department of International Trade Promotion. country Ratchadapisek Road Bangkok, with an important goal in the implementation of the project will cause

Full integration between government agencies, educational institutions, and the private sector to make innovative rubber products from Thailand known both domestically and internationally. and abroad as well as establishing a network of farmers, entrepreneurs, investors, researchers and the government sector to promote the further development of research results create added commercial value It also promotes the use of more rubber in the country. increase income for farmers Including reducing the burden of investment and saving time in product research and development of Thai entrepreneurs. which can bring research on rubber to the top create variety and produce commercial products quickly and efficiently Entrepreneurs and companies interested in participating in the 2nd Natural Rubber Innovation Matching Day event on August 31, 2023, from 9:30 a.m. to 4:30 p.m. at the Department of International Trade Promotion, Ratchadapisek Road, which is a trade matching activity or Request a consultation to connect your business with researchers.

Source: Thai News Agency

BAAC joins hands with CRC Thai Watsadu to offer discounts of up to 500 baht for BAAC debit card customers.

Bank for Agriculture and Agricultural Cooperatives (BAAC) cooperates with CRC Thai Watsadu Public Company Limited to offer special privileges to all types of BAAC debit card holders by purchasing participating products. according to the specified amount Click to get privileges via Line Official Accounts BAAC Family and Facebook Page: BAAC Thailand at Thai Watsadu and BNB Home stores participating branches. And pay via BAAC debit card, when purchasing every 3,000 baht or more, receive an instant discount of 100 baht per receipt (limited to 10,000 privileges / month) when purchasing every 5,000 baht or more, receive an instant discount of 200 baht per receipt ( Limited to 10,000 privileges/month) and when purchasing every 10,000 baht or more, receive a discount of 500 baht per receipt (limited to 10,000 privileges/month). This discount cannot be exchanged for cash. and cannot be used in conjunction with the discount or other promotional items from today until June 30, 2024.-Thai News Agency

Source: Thai News Agency

Bangkok 11 Jul-Financial Markets Group Siam Commercial Bank (SCB FM) looks at trends in capital flows and the baht, assessing 3 assumptions depending on the timing of government establishment and the appointment of the prime minister. If done quickly, capital may flow in, causing the baht to continue to appreciate. But if there is a protest, the baht weakens to 36 baht / US dollar.

Mr. Wachirawat Banchuen, Senior Financial Market Strategist The Siam Commercial Bank Public Company Limited revealed that capital flows have continued to flow out of both the Thai stock market and government bond market since before the election. and even though the election is over But there is still a lot of political uncertainty in Thailand. both in regard to the position of Prime Minister coalition government Including the time to form the government This will affect the continuity of government policy implementation and implications for the Thai economy. For this reason, the confidence of foreign investors has not improved much. Capital flows therefore have not clearly flowed back in.

During past elections Capital flows also flow out of the Thai financial market, but at different rates. If the uncertainty situation lasts longer will cause capital to flow out more than in 2014 where uncertainty is higher due to the appointment of the Prime Minister takes longer and protesting the election As a result, capital flows out of the Thai financial market in greater amounts. And it took longer for the capital to flow back. Also, the amount of capital flowing back is less. However, the 2019 elections are less uncertain. causing capital to flow out of Thailand at a lower rate and flow back in more than after the appointment of the Prime Minister

Mr. Wachirawat continued that the scenario of the prime minister appointment situation This week will affect the trend of capital flows. and the baht Including the yields of Thai government bonds very much, divided into

Case 1 The government can be formed quickly, the far-reaching party has gathered more than 376 votes from both MPs and senators, making the government establishment likely not to take long. The implementation of government policies should be uninterrupted. Capital flows back into the Thai financial market in the short term. As a result, the baht may appreciate due to improved sentiment (relief rally). However, in the medium to long term, The baht may come back to weaken. depending on the policy of the Progressive Party which may have an economic restructuring and government policy guidelines

SCB FM suggests importers may gradually buy USDTHB in the short-term with a relief rally, looking at a frame around 34.40-34.85, while exporters may wait for a moment to sell after the rally, looking at a frame around 35.40-35.55.

In the second case, the government was established more slowly. But there was no protest: the Kaow Lai Party was unable to collect all 376 votes, forcing them to nominate the prime minister from another party, with a high probability of coming from the Pheu Thai party. Capital will flow out of the Thai financial market when the vote is not yet passed. causing the baht to depreciate in the short term But after getting Prime Minister from Pheu Thai Party Capital flows may gradually return. Due to the policies of the Pheu Thai Party tending to be more pro-market, the baht is likely to appreciate in the medium term.

SCB FM advises export customers to gradually sell USDTHB during the initial weakening period. by looking at the frame at 35.40-35.75, while importers may wait for a moment to buy after the Prime Minister which the baht should return to the range of 34.85-35.10

Case 3 The government is established more slowly. And there was widespread protest: the Pheu Thai Party nominated the Prime Minister. Ready to change the pole to form a government As a result, the government establishment period will be longer than scenario 2. Capital flows out of the Thai financial market continuously and more than scenario 2, causing the baht to depreciate even more. may come in less than the first two cases Appreciation in the fourth quarter may therefore be less than other cases.

SCB FM recommends that export customers may set a selling target of USDTHB in the future at approximately 35.75-36.00, while importers may consider buying a Call option at a strike price of approximately 35.20 to mitigate the risk of a rapid depreciation of the baht.-Thai News Agency

Source: Thai News Agency

Nonthaburi July 10-Minister of Commerce Notifying good news next year, Thai fruit exports to China will be open 24 hours a day after the deputy governor of Guangxi meets and discusses together. Prepare a plan to raise the private army of 80 Thai companies to penetrate the Chinese market. hopes to expand the market for Thai products in the Chinese market even more

Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce Said after discussing with Mrs. Chai Lixin, Vice President of the Administrative Region Guangxi invited Thai government representatives to attend The 20th China – ASEAN Expo (CAEXPO 2023), which will be held on September 16-19, and he accepted the invitation as a representative of the Thai government to attend the event. this time And will bring the private sector to participate in the exhibition for almost 80 Thai companies and bring Chanthaburi Province which is one of the country's important quality fruit production sources participated in the Pavilion of Cities of Charm exhibition there, and now Guangxi Province located in the south of China Beibu Bay Area And there is Qinzhou port. It promoted the construction of the New International Land-Sea Trade Corridor, with a canal being dug from Qinzhou Port north to Nanning. which is the capital city of Guangxi Province Continue to connect with land routes in the north and east of China.

However, it is believed that it will facilitate the delivery of Thai goods to China via Guangxi Province. Especially by boat entering Qinzhou port. Depart from Laem Chabang Port to Qinzhou Port entering the Nanning Canal Distribute goods by rail and land to western, northern and central China. including the eastern region And there is another good news that the Deputy Governor notified that Three key checkpoints in Guangxi are preparing to adjust the management system. And the area adjacent to the northern part of Vietnam is Youyiguan, Dongxing and Pingxiang Railway tollgate smart customs smart customs management system. May start early next year. will play an important role in helping the export of goods from Thailand to Vietnam to Guangxi Province more convenient especially fresh fruit Will shorten the time by 2 times, allowing all 3 checkpoints to open for service 24 hours a day, which is good news for Thai fruit exports to the south of China in the future.

The value of Thai-Chinese trade In the overall picture last year, it was worth 3.69 trillion baht, with Thailand exporting to China 1.2 trillion baht, and between Thailand and Guangxi Province, the trade value was 150,000 million baht. Thailand exported to Guangxi 75,000 million baht. Off to Guangxi, namely electronic equipment. fresh fruits and food, etc. Guangxi Province will be China's gateway to ASEAN. Guangxi Province is the second largest fruit importer from Thailand after Yunnan Province. And Guangxi Province has the most Chinese students who learn Thai, about 2,000 people per year.-Thai News Agency

Source: Thai News Agency

Bangkok, July 10-The Excise Department discusses with the Ministry of Energy to deal with after the end of the diesel tax reduction period by 5 baht / liter on July 20, 2023, there may be a tax increase. But the retail price has not moved from 32 baht / liter.

Mr. Ekniti Nitithanprapas Director-General of the Excise Department revealed that the department is preparing to offer packages. adjust the role of taxation comes as a tax reduction to promote the business sector, such as EV, using excise taxes to take care of your health, reduce sweetness and saltiness in food, snacks, while reducing the diesel tax by 5 baht / liter, due July 20, admits that the government spends money through Tax has been reduced by 158 billion baht when oil prices tend to decline. must consult with the Ministry of Energy to emphasize the use of the oil fund It is an important mechanism to take care of

“Mr. Arkhom Termpittayapaisith Minister of Finance has assigned the department Take care of the diesel tax that will expire on July 20 closely, which the current situation Oil prices in the world market have dropped to an average of $70/barrel. This makes the pressure to pass the burden on the consumer less. Last year, the price of oil was up to $ 100 / barrel. The government uses the oil fund mechanism until the fund has a negative status of a hundred thousand million baht. therefore using a tax reduction mechanism to help which from tax reduction for more than a year Taxes have disappeared for more than a hundred thousand million baht. The oil fund and taxes are like a left-pocket, right-pocket, which now the position of the oil fund has improved, it must be discussed whether What will the tax do?” Mr. Ekniti said.

Mr. Ekniti also said that the results of the study from the World Bank and the TDRI Institute suggest that in the current situation it is necessary to maintain fiscal stability. May have to turn to a better target policy and reduce the excise tax on oil. Must use power from the Council of Ministers (Cabinet), which is now the acting government. therefore having to look at the legal limitations But if using the mechanism of the Oil Fund can do it without submitting to the Cabinet

Previously, the Oil Fund Office (NBA) indicated that money now flows into the oil account. in the oil fund Moving much better, as of July 2, 2023, the overall picture of the fund was negative about 5.5 billion baht, divided into a negative oil account of only 9,180 million baht and a negative LPG account of as much as 45,828 million baht, which if the Ministry of Finance collects tax Whether it is a gradual increase or an increase of 5 baht/liter, diesel prices will not go up again. from the current about 32 baht / liter, but if the tax gradually increases In addition, world oil prices are continuously low. There is a chance to reduce the price of diesel.-Thai News Agency

Source: Thai News Agency

Bangkok, July 8- The Stock Exchange of Thailand Held the SET in the City 2023 investment expo, held for the 19th consecutive year, to create opportunities for new investors with hands-on workshops on selecting investments that suit their goals on July 8-9, 5th floor, Sam Yan Mitr Town.

Dr. Pakorn Peetathawatchai, Director and Manager of the Stock Exchange of Thailand Presided over the opening ceremony of the "SET in the City 2023" exhibition under the concept of "Start investing for the goal. In your own style” is an activity that has been held continuously for 19 years. securities company investment management company Investment unit brokerage company to create opportunities for new investors to receive complete information and knowledge covering both financial planning and investment for the future Information on products, services and investment tools through seminars discussion for exchange of views from a financial planner professional expert And real experienced investors with workshops to try and practice in order to choose investments suitable for their own goals and lifestyle, interested in working together.-Thai News Agency

Source: Thai News Agency

BANGKOK, July 7-"Srettha" reveals that private investors want the prime minister to be elected as soon as possible, boosting confidence. before setting up the economic team issue a policy to revive the economy

Mr. Srettha Thavisin, Pheu Thai Party's prime ministerial candidate, said during the seminar "Crisis comes in every direction, opportunity comes in every direction" organized by the Stock News Agency. Knowledge and skills to help restore the economy must wait for the Prime Minister to be selected. with credibility on July 13, in the beginning according to the democratic system Then to start selecting the economic team. Accept investors want the government as soon as possible. to accelerate the issuance of policies to revitalize the economy clearly The Pheu Thai Party insists that it will not split up, raising its hand to elect "Pita" as Prime Minister.

view that the political crisis is more severe economic crisis Foreigners want to hear the new government policy. Both promoting investment in the EEC area pushing electric cars Accept foreigners, start negotiations with many countries for the house. to establish an electric vehicle production base In addition, there is currently a problem in budgeting the expenditures of the year '67 when a new government is obtained. may be disbursed in March 2024 and is also concerned about the drought problem Because many farmers, 30 million people, must find a way to store water for the agricultural sector.

In the event that the stock price index continues to decline because investors lack confidence The economic slowdown admits that Thailand has a very high potential. therefore have to wait for the leader who is really the leader enter the country When the prime minister is elected The stock market index reflects the picture best and fastest. It is seen that Thailand has very high potential. both food production travel Accept this period, all parties are waiting. But I don't know how long I can wait. according to each individual because they want to take good care of their business liquidity Still not willing to expand investment .-Thai News Agency

Source: Thai News Agency