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Thai Export value expected to reach new record in 2010

Commerce Minister Pornthiva Nakasai revealed that export volume in the first half of this year expanded by 36.6%, higher than the previously expected 23%. Total trade value now stands at 93.1 billion USD.

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The Ministry of Commerce is confident that Thai exports will set a new record within the year after surpassing 93 billion USD over the past 6 months.

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Commerce Minister Pornthiva Nakasai revealed that export volume in the first half of this year expanded by 36.6%, higher than the previously expected 23%. Total trade value now stands at 93.1 billion USD.

In June, the volume of exported agricultural products increased by 33.3% while that of automobiles, jewelry, and gold rose by 92.5%, 191.1%, and 534.6% respectively. The ministry expects the number to continue to escalate and hit even greater heights. This year’s forecasted export growth has been revised from 14% to 19% to a total of 183 billion USD. Thailand is expected to have a trade surplus of 10 billion USD this year.

Ms Pornthiva added that the government will be working closely with the private sector to drive exports to the new target. The ministry has instructed commerce envoys stationed in foreign markets around the world to study weaknesses in Thai products. The data will be used to develop strategies to promote Thai export in the future.

via Export value expected to reach new high of 183 billion USD : National News Bureau of Thailand.

The investment market sector is backing revocation of the State of Emergency in the hopes of bolstering foreign investor confidence.

President of Asia Plus Securities Company Mr Kongkiat Opaswongkarn has voiced support for the revocation of the Emergency Decree. He said that the deactivation would reflect that the situation in Thailand has returned to normal.

Investment sentiment in the Thai stock market has improved continually. Positive turnover figures announced by registered companies have indicated the strength of the private sector’s foundation in the face of ongoing political conflict and global economic crisis. Mr Kongkiat believes that foreign capital will flow back into the share market if the turnover trend continues in the coming quarters as well the political and Map Ta Phut problems are settled.

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Thai fruit exports to FTA markets up 107 percent

China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian, mangosteen, longan and mango. Thai exporters are able to benefit from FTA privileges.

National News Bureau of Thailand

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BANGKOK (NNT) – Thailand’s fruit exports continue to increase, despite the sluggish global economy caused by the COVID-19 pandemic, with key trade partners being countries that have free trade agreements (FTAs) with the kingdom.

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The Future of Asia: greener but with a public and private debt hangover

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Economics

50:50 campaign may not get immediate extension

National News Bureau of Thailand

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BANGKOK (NNT) – The government’s 50:50 co-pay campaign expiring on 31st March may not be getting an immediate campaign extension. The Minister of Finance says campaign evaluation is needed to improve future campaigns.

The Minister of Finance Arkhom Termpittayapaisith today announced the government may not be able to reach a conclusion on the extension of the 50:50 co-pay campaign in time for the current 31st March campaign end date, as evaluations are needed to better improve the campaign.

Originally introduced last year, the 50:50 campaign is a financial aid campaign for people impacted by the COVID-19 pandemic, in which the government subsidizes up to half the price of purchases at participating stores, with a daily cap on the subsidy amount of 150 baht, and a 3,500 baht per person subsidy limit over the entire campaign.

The campaign has already been extended once, with the current end date set for 31st March.

The Finance Minister said that payout campaigns for the general public are still valid in this period, allowing time for the 50:50 campaign to be assessed, and to address reports of fraud at some participating stores.

The Fiscal Police Office Director General and the Ministry of Finance Spokesperson Kulaya Tantitemit, said today that a bigger quota could be offered in Phase 3 of the 50:50 campaign beyond the 15 million people enrolled in the first two phases, while existing participants will need to confirm their identity if they want to participate in Phase 3, without the need to fill out the registration form.

Mrs Kulaya said the campaign will still be funded by emergency loan credit allocated for pandemic compensation, which still has about 200 billion baht available as of today.

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