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Shippers eye industrial Covid control
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Group worried about production delays
published : 16 Jul 2021 at 05:41
2 Factory workers process shrimp for export at a plant in Songkhla province. TNSC forecasts export growth of 10% this year if the government can keep Covid-19 infections under control the next two months. Wichan Charoenkiatpakul
A group of Thai exporters is growing concerned about the rising number of infections, particularly in the industrial manufacturing sector, pointing out if the infection rate is not controlled it may affect the country s export performance this year.
Chaichan Chareonsuk, president of the Thai National Shippers Council (TNSC), said he is afraid Thai exports in October may be adversely affected if the government fails to contain the Covid-19 spread over the next two months.
1 Mr Jurin, centre, presides at the MoU signing between Thailand and Kofu city the first mini trade agreement inked by the International Trade Promotion Department and Kofu City to increase trade, investment and economic cooperation.
Thailand aims to clinch deals to form deeper trade partnerships through mini-FTAs with Hainan, China and Telangana, India by August after the country on Monday inked a memorandum of understanding (MoU) to form a mini free trade agreement (mini-FTA) with Kofu city in central Japan.
Commerce Minister Jurin Laksanawisit, who presided over the MoU signing on Monday, said the government is also pursuing similar mini-FTAs with other places including Gyeonggi province in South Korea.
Shares recover in volatile week for dollar, crypto
published : 22 May 2021 at 04:00
Recap: Global shares rose yesterday amid optimism fed by strong US economic and earnings reports, while Covid restrictions receded in some countries. The upturn capped a volatile week in which worries about inflation and an early US interest-rate hike pushed the dollar near a three-month low, the cryptocurrency market tanked while gold and silver shone as safe-haven assets.
The SET index moved in a range of 1,529.69 and 1,570.37 points this week before closing yesterday at 1,552.44, up by 0.19% from the previous week, in daily turnover averaging 90.25 billion baht.
Retail investors were net buyers of 4.95 billion baht, institutional investors bought 1.73 billion and brokerage firms purchased 1.49 billion baht worth of shares. Foreign investors were net sellers of 8.18 billion baht.
Thailand s fresh fruit export prospects remain promising this year
Despite the pandemic, Thailand s fresh fruit export prospects remain promising this year as the appetite for Thai fruit is strong, particularly in China, Vietnam and Hong Kong.
Somdet Susomboon, director-general of the International Trade Promotion Department, claims the agency expects fresh fruit shipments to grow by 17% this year to 122 billion baht. China is expected to retain the top spot as the leading export market for Thai fresh fruit, accounting for 70%, followed by Vietnam (12%), Hong Kong (10%) and others (8%).
Somdet said the department is promoting fresh fruit exports in line with the Agriculture [Ministry] and Commerce [Ministry] markets policy. This is a marketing-led production strategy exploring international markets through the country s commercial affairs officials and directors of Thai Trade Centers abroad.