BANGKOK, 13 April 2019 (NNT) – As a reduction in the global economic growth projection by the International Monetary Fund to 3.3% from 3.5%, and a new lower value of global trade expectations of 3.4% down from 4%, will eventually affect the Thai export sector; the Ministry of Commerce will be holding talks with the private sector and industries after the Songkran holidays to make necessary adjustments to the May export projection, and to evaluate the situation with Thai commercial attaches nationwide.
The Department of Foreign Trade’s (DFT) Director General Banjongjitt Angsusingh revealed the department will hold talks later this month to assess the export situation with the private sector and each industry, before holding a meeting with head of trade promotion offices globally in May, to adjust the export strategy according to the situation and revise this year’s export goal.
The department will be working harder to promote well-performing products such as food, farm items, processed farm items, and items requiring domestic raw materials; while items affected by the trade war between China and the U.S. such as vehicle parts and electronics will be difficult to promote due to a declining global economy, but the department will adjust the strategy to target markets affected by sanctions, opening new opportunities for Thai products.
The DFT chief said she believes exporters can adjust themselves appropriately, however risk factors from currency fluctuations still persist, thus companies should be covered by risk insurance, or opt to use the currency of their trading partner instead of U.S. dollars.
Heavy rains hit southern Thailand
The Thai Meteorological Department on Sunday morning warned of heavy rain and strong winds in the southern and eastern provinces of Ranong, Phang-nga, Phuket, Krabi, Trang, Satun, Chanthaburi and Trat on Sunday and Monday.
Free rides on Bangkok’s MRT Blue Line extension
Passengers can now ride on the extended section between Wat Mangkorn and Tha Phra stations, with a total of 5 new stations, for free from today until 28 September this year, from 10 a.m. until 4 p.m. daily.
BANGKOK, 29 July 2019 (NNT) – The Minister of Transport officiated at the trial runs of the MRT Blue Line Hua Lamphong – Bang Khae extension on which passengers can ride the extended route for free from today until 28 September this year.(more…)
BTS Green Line to Lad Phrao to open in August
The new BTS section which is scheduled to open for service in August is designed to alleviate overcrowding of commuters at Mor Chit station.
BANGKOK, 09 July 2019 (NNT) – A BTS Green Line trial run on Mor Chit-Saphan Mai-Khu Khot route in Bangkok’s northern suburbs has been conducted from Mor Chit station to Lad Phrao intersection station. The new service starts on August 11.(more…)
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