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China’s imposition of GMP on durian may affect exports

Only about 20% of durian exporters in Thailand’s southern provinces, and about 50% of the exporters in the northeastern region, have GMP certification, according to durian trading sources.

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Thai durian exporters and orchard owners have expressed serious concern that China’s recent imposition of Good Manufacturing Practice (GMP) certification.

The system for ensuring that products are consistently produced and controlled according to quality standards, on Thailand’s “king of fruits” will negatively affect durian exports to China and suppress the price of the fruit.

Only about 20% of durian exporters in Thailand’s southern provinces, and about 50% of the exporters in the northeastern region, have GMP certification, according to durian trading sources.

There are fears that, if the number of exporters who buy durian for export to China is substantially reduced because of imposition of GMP, the price of durian may drop to less than 100 baht per kg.

The sources pointed out that the harvest season in the South is due to start at the end of this month and lasts through August.  About 400,000 tonnes of southern durian are expected to be harvested this season.

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Business

AMLO is investigating four Thai banks’ alleged role in suspicious transactions

Thailand’s Anti-Money Laundering Office (AMLO) is verifying a report, by the International Consortium of Investigative Journalists (ICIJ), stating that four Thai banks have been involved in suspicious financial transactions over nearly two decades.

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The ICIJ’s report refers to files leaked from the Financial Crimes Enforcement Network in the US. They allegedly indicate that many commercial banks worldwide turned a blind eye to suspicious transactions between 1999 and 2017.

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Big data to keep Thai workers afloat

Since the coronavirus pandemic hit Thailand earlier this year, businesses have been falling like dominoes. Millions of people have lost their jobs in the country’s worst economic downturn in recent memory.

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Since the coronavirus pandemic hit Thailand earlier this year, businesses have been falling like dominoes. Millions of people have lost their jobs in the country’s worst economic downturn in recent memory. Yet some jobs have survived the pandemic better than others.

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Great Wall Motors (China) to Start Production in Thailand Next Year

Chinese automobile manufacturer Great Wall Motors (GWM) is set to start operations in Thailand next year

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According to Thailand’s Industry Minister Suriya Jungrungreangkit, the company will have an annual production capacity of 80,000 vehicles and will begin producing sports utility vehicles and pickup trucks in 2021.

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Wed 28

Vend ASEAN(Bangkok)Vending Machine & Self-service Facilities Expo 2020

October 28 @ 8:00 am - October 30 @ 5:00 pm BMT
Wed 28

Vend ASEAN 2020

October 28 @ 10:00 am - October 30 @ 6:00 pm BMT

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