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Thailand’s stock market holiday calendar for 2018

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Coronavirus hits tourism-reliant Thailand

Tourism is a key driver of growth in Southeast Asia’s second-largest economy, and Chinese tourists are Thailand’s biggest source of visitors accounting for 28% of all tourists to Thailand

Boris Sullivan

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Chinese tourists in Pattaya

The Stock Exchange of Thailand (SET) dropped beneath 1,400 point in morning trading on Wednesday (February 26) amid concerns over the COVID-19 virus, and closed at 1366.

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Thai Rice Export Expected to Drop to 7.5m tons this year

This year’s projection for rice exports remains close to the previous year at 7.5 million tons, the lowest in seven years since 2013 when Thailand exported 6.6 million tonnes of rice.

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Thailand risks losing its place as the world’s second biggest rice exporter this year thanks to weaker competitiveness and a lack of new rice varieties to cater to changing market demand.

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Thailand struggles to regain world’s largest rice exporter title

In Thailand, a strong baht, Asia’s best performing currency in 2019, has kept away potential buyers who find cheaper markets elsewhere, such as in Vietnam.

National News Bureau of Thailand

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 After losing the number one global rice exporter position for three years, the Ministry of Agriculture and Cooperatives has met with related agencies and rice exporters to find measures to reclaim the top spot.

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