The number of container vessels waiting outside China's ports has nearly doubled since February, as the lockdown in Shanghai continues and many other Chinese cities face restrictions due to Covid-19. Read more here. Source: Seatrade Maritime News
The Omicron wave and the Ukraine war have slowed Thailand's recovery even further, prompting the World Bank to lower its growth forecast to 2.9 percent in 2022. Inflation reached a 13-year high as global energy prices rose, while consumer confidence fell to a 6-month low amid the Omicron wave. The
The next carrier is developing its own division for airfreight by transferring the activities of its existing in-house aircraft operator, Star Air, to the newly born unit Maersk Air Cargo. The major Danish carrier has opted for Denmark’s second largest airport, Billund, as its air freight hub. Daily flights are
The economy showed signs of a rebound in Q4 2021. However, the combined shocks of the ongoing Omicron wave and the fallout of the Ukraine-Russia conflict on global energy prices, tourism and financial markets, will further set back the recovery. The number of foreign tourists fell in January, due to
The Thai stock market has tracked higher in consecutive trading days, gathering more than 35 points or 2.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,680-point plateau and it's expected to see additional support on Friday. Read more here Source: RTT News
Last year Average Joe released Jens Balle's new book, Når hulemænd investerer (When cavemen invest). The book quickly became a hit amongst private investors. For many years Jens Balle worked in the financial sector, given advices to investors. It was during the dot.com-crisis he got interested in financial behavior. He
On February 10, 2021, the Royal Thai Government Gazette publicized the Revenue Code Amendment Act (No.53), which mainly stipulates that non-resident electronic service providers and electronic platforms are required to register for VAT under certain conditions and allows tax documents and evidence to be provided electronically. Read more here Source:
Tourism receipts in 77 provinces set another historic low in 2021 with revenue declining by 69.55% to 241,350 billion baht, while the income gap between Bangkok and other major provinces remained wide, according to the Tourism and Sports Ministry. Read more here Source: Bangkok Post
On 31st January 2022, Denmark and Thailand signed a new MoU (Memorandum of Understanding) on Dairy cooperation to take on the challenges of today’s food production. Read more here Source: ScandAsia.