Thailand’s exports in the first eight months of this year totalled around US$125 billion, representing an increase of 32.6 per cent, according to Commerce Minister Pornthiva Nakasai.
Ms Pornthiva said the export volume in August alone reached US$16.4 billion, or an increase of 23.9 per cent, compared to the same period last year.
The export for major goods increased in every sector, she said. Agricultural and agro-industrial products saw a 14-per cent rise, as well as rubber, processed and canned frozen food which enjoyed increasing orders in both quantity and value.
Industrial goods including electrical appliances, automobiles, plastic resin, and plastic and rubber products recorded an increase of more than 20 per cent.
Export values in Thailand’s main markets have continued higher for the tenth running, at some 31.2 per cent, while the values in its minor or new markets rose for the 12th consecutive month, at around 11.5 per cent.
However, rice orders for exports were lower due to the ongoing strong baht currency and competition from Vietnam, Pakistan and India. The volume of rice orders has fallen by 13.5 per cent, while its value was down 18.6 per cent.
Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures
The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.
BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.(more…)
Thai Government Plans to Increase 2022 Investment Budget by 90 Billion baht ($2.84 bln)
According to the 2022 fiscal budget bill, which has public spending set at 3.1 trillion baht, accounting for 17.9% of GDP, the government would need to borrow 700 billion baht to offset the deficit.
BANGKOK (NNT) – The Budget Bureau notes that the Thai government plans to increase its investment budget by 90 billion baht in the fiscal year 2022, in compliance with a law related to state financial and fiscal discipline.(more…)
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