Exiled former Prime Minister Thaksin Shinawatra claims that there are four or five major pork merchants in Thailand with cold storage facilities capable of storing up to 400,000 kgs of frozen pork for up to six months, and that they have been hoarding pork for profiteering purposes. Read more Source:
Key Findings After being severely hit by a surge of COVID-19 cases in the third quarter 2021, economic activity has subsequently rebounded. Economic activity is expected to return to its pre-pandemic levels end-2022, with progress on vaccinations and a resumption of tourist arrivals providing support for the recovery. The adoption
In November 2021, inflation was 2.7 percent, up from 2.4 percent in October. The rate of inflation in November was the highest since April. As a result, the trend shifted slightly upwards in November, with annual average inflation coming in at 1.0 percent (October: 0.8 percent ). Finally, core inflation
Pork producers in Thailand are requesting the government to import pork in order to assist manage rising prices, which are affecting both consumers and vendors. Pork vendors at Huai Khwang market expressed concern that if the government does not intervene, the average price of market pork could reach 300 baht
Department of International Trade Promotion (DITP) has tightened its measures for Thai frozen food exporters by launching Thailand Delivers with Safety campaign to boost confidence among global consumers in COVID-19-free safety food products from Thailand. DITP also joins forces with partner organizations in implementing COVID-19 Prevention Measures in food production,
Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) has launched the linkage of Singapore’s PayNow and Thailand’s PromptPay real-time payment systems, enabling customers from both countries to perform cross-border fund transfers using only their mobile numbers. Customers of participating banks in both countries will be able to
The Export-Import Bank of Thailand (Exim Thailand) has rolled out aid measures for small and medium-sized enterprises doing business in Cambodia, Laos, Myanmar and Vietnam (CLMV) to mitigate the financial impact of Covid-19 outbreaks and political chaos in Myanmar. Rak Vorrakitpokatorn, the bank's president, said the aid measures include soft
Denmark will in February, as one the first countries, issue standard vaccination pass for travelling and it is expected that in 2-3 months, there will be a digital version to be used on your smart phone. The Danish government has moved forward with its plans to grant Danes who get
On Thursday 5 November 2020 the Embassy of Denmark and DTCC carried out a joint visit to DanThai Machinery Ltd, ETK EMS Asia Production Ltd, and WHA Industrial Development in Rayong. The purpose of the trip was to introduce the embassy to those of our members living in the Eastern