Thai fruit exports to FTA markets up 107 percent

BANGKOK (NNT) – Thailand’s fruit exports continue to increase, despite the sluggish global economy caused by the COVID-19 pandemic, with key trade partners being countries that have free trade agreements (FTAs) with the kingdom.

Thai durian, mangosteen, longan and mango are popular in China, Hong Kong and ASEAN member states.

Director-General of the Department of Trade Negotiations, Oramon Sapthaweetham, said Thai fruit exports, to 18 countries which have FTAs with Thailand, reported 107 percent growth in the first two months of 2021, compared to the same period of last year. The total trade value was US$461 million, accounting for 94.94 percent of the country’s total fruit exports.

China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian, mangosteen, longan and mango. Thai exporters are able to benefit from FTA privileges.

Currently, Tha…

Read more
  • 0

Will Thailand’s plan for quarantine-free tourism set a global trend?

As part of plans to stimulate a rebound in tourism, some countries have moved to waive compulsory quarantine for international travellers who have received a coronavirus vaccine.

In late March it was announced that, as of July 1, foreigners visiting the popular Thai holiday island of Phuket will be exempt from quarantine upon arrival if they have received two vaccine doses.

– As of July 1, vaccinated travellers to Phuket will be exempt from mandatory quarantine– The strategy is being combined with mass vaccinations to trigger a recovery in tourism– The plan could provide a blueprint for the successful resumption of international travel– Governments are increasingly looking towards travel bubbles and quarantine exemptions

Local officials also stated that after one week in Phuket without showing symptoms – and testing negative – tourists would then be able to travel to the rest of the country.

A significant turnaround in Thailand’s pandemic s…
Read more
  • 0

Asia-Pacific sees 3.9% growth in deal activity in February 2021

The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The COVID-19-hit 2020 remained a roller coaster ride for the global deal landscape and APAC was not an exception. The market conditions are expected to remain volatile as the fear of a second wave of COVID-19 in some of the key markets is likely to affect the investor sentiments.

“However, the growth witnessed in February, albeit bit slow, can be a positive sign for the revival of deal-making in the APAC region as investor cautiousness is likely to prevail for some more time.”

Aurojyoti Bose, Lead Analyst at GlobalData

An analysis of GlobalData’s Financial Deals Database reveals that the APAC markets such as India, Japan,…

Read more
  • 0

The 3 key barriers to remote working (and how to overcome them)

Following the real-world experiment with remote working, it’s time for business leaders to re-examine their previous misgivings, and explore how to adopt flexible working in the long term

“Remote working isn’t right for our business.”“We don’t have the technology to support people working elsewhere.”“Our employees will take advantage if they’re not in the office.”

Pre-pandemic, the above were just some of the reasons business leaders gave for not adopting remote work. Following the pandemic, those reasons don’t carry quite so much weight. COVID-19 created the world’s largest homeworking experiment and, for many, showed just how possible it was for employees to do their jobs without being at the office. 

However, if you’re still not convinced, perhaps it’s time to re-examine the barriers and look at how they could be overcome within your organisation.

1. The first barrier: Technology The pre-pandemic problem

A survey by The UK Work …

Read more
  • 0

MAI-listed companies continue to recover in H2/2020

BANGKOK, March 12, 2021 – Companies listed on Market for Alternative Investment(mai) reported combined sales of THB 166.88 billion (approx. USD 5.42 billion)in 2020, down 7.2 percent from a year earlier.

Their core operating profit rose 8.3 percent to THB 6.44 billion in 2020, while aggregate net profit declined63.0 percent to THB 3.37 billion due to COVID-19 pandemic impact. However, the recovery gathered steam in H2/2020.

– Operating profit up 8.3 pct to THB 6.44 billion– Total sales down 7.2 pct to THB 166.88 billion– Earnings of mai-listed firms continued to rebound in Q4/2020

mai President Prapan Charoenprawatt said that 169 mai-listed companies,representing 95 percent of the total 177 firms (excluding those in thenon-compliance group or NC, those using different accounting period, and thosenot submitting the report in time), submitted the 2020 financial reports, endedDecember 31, 2020. A total of 114 companies, accou…

Read more
  • 0

Thailand sends ‘Miss You’ message to the world

Bangkok, 11 March, 2021   – The Tourism Authority of Thailand (TAT) has launched its latest in a series of TVCs, with the new one ‘Miss You’ sending out an emotional message to people around the world that Thailand cannot wait to welcome everyone back in the not-too-distant-future.

The TVC, while conveying a message of how much Thailand misses international visitors, also pulls at the heart strings of any viewer who is longing to return and experience the people, culture, and beaches of Thailand once again.

It starts with images of a paper airplane flying into the sunset and over a sea of mist. That fades into a stunning sunset image over Phang Nga Bay before cutting to a sequence of azure seas, colourful coral reefs, and a yacht anchored offshore at sunset.

The Thailand nostalgia tour continues with an overhead drone shot of cyclists on a winding evergreen mountain road, a woman skipping through sunflower fields in full bloom, and a …

Read more
  • 0

Foreigners’ Participation in Thai Listed Companies explained

Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.

These restrictions are stipulated in the Foreign Business Act 1999 and specific laws governing certain sectors, e.g. the Banking Act, Insurance Act, and Land Act. In addition, some companies may choose to incorporate foreign ownership limit in their articles of association.

Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai securities flexibly and conveniently. 

In normal practice, foreign investors have to invest in securities designated for foreign investors on the foreign board to fully obtain all voting rights and financial benefits. In case that the foreign ownership limit has been reached and foreign investors cannot acquire securities designated for foreign investors, they may choose to trade in domestic liquidity pool by investing in se…

Read more
  • 0

BoI plans more efforts to promote BCG economy

BANGKOK (NNT) – The Board of Investment (BoI) is working with related agencies to rev up promotion of the bio-, circular and green (BCG) economy to help drive growth over the next 5 years.

BoI Secretary-General Duangjai Asawachintachit said the BoI is looking into more business categories for high technology as part of efforts to promote the BCG economy.

She said the government is focused on developing the bio-economy as Thailand has more than 30 million people working in the farm sector, yet most of them remain in poverty.

Source link

Read the rest of BoI plans more efforts to promote BCG economy on Thailand Business News
Read more
  • 0

Vietnam Import-export value surpasses 74 billion USD since 2021’s beginning

Vietnam’s import-export turnover posted a year-on-year rise of 31 percent to reach 74.51 billion USD from the beginning of 2021 to February 16.

In the reviewed period, Vietnam enjoyed a trade surplus of 2.63 billion USD, according to the Vietnam Customs.

During the Tet (Lunar New Year) holiday 2021 from February 10-16, a total of 960 firms conducted import-export activities, up 363 against the Tet holiday 2020.

A total of 10,300 customs declaration forms were filled out, up 59 percent against the previous holiday.

Meanwhile, the import-export value hit 1.67 percent, a year-on-year increase of 53 percent.

Main exports included mobile phones and spare parts, computers, electronics and components./.


Source link

Read the rest of Vietnam Import-export value surpasses 74 billion USD since 2021’s beginning on Thailand Business News
Read more
  • 0

Covid-19 wiped out USD 1.3 trillion in tourism revenues in 2020

Destinations worldwide welcomed 1 billion fewer international arrivals in 2020 than in the previous year, due to an unprecedented fall in demand and widespread travel restrictions. This compares with the 4% decline recorded during the 2009 global economic crisis.

According to the latest UNWTO World Tourism Barometer, the collapse in international travel represents an estimated loss of USD 1.3 trillion in export revenues – more than 11 times the loss recorded during the 2009 global economic crisis. The crisis has put between 100 and 120 million direct tourism jobs at risk, many of them in small and medium-sized enterprises.

Asia and the Pacific (-84%) – the first region to suffer the impact of the pandemic and the one with the highest level of travel restrictions currently in place – recorded the largest decrease in arrivals in 2020 (300 million fewer).

While much has been made in making safe international t…

Read more
  • 0