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  • Tom 3:36 pm on December 3, 2009 Permalink
    Tags: , agricultural product, cassava, Dubai, , Food exports, , poultry, , sea food, shrimp, sugar, , , Thai restaurants, Tuna fish,   

    Food exports next year expected to rise to 793 bn 

    Food exports

    Food exports, Photo: farmlandgrab.org

    Food exports in 2010 are expected to rise 7.5% or worth 793 billion THB following an increase in prices of agricultural products such as rice, fruits and sea food.

    Acting Director of the National Food Institute (NFI), Amorn Ngammongkonrat forecasts Thai foods export value in 2010 at 793 billion THB, an increase of 7.5% from last year in line with the improvement in the economy and the rise of agricultural product prices. Major export products include rice, poultry, processed Tuna fish, sugar, processed fruits, cassava and related products. However, shrimp and fresh and dry fruit exports are likely to decrease at 0.8% and 11.4% respectively. (More …)

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  • Tom 4:26 pm on November 30, 2009 Permalink
    Tags: Bank of Thailand, , BOT, , Dong, Dong depreciation, Dubai, Dubai Crisis, , , , employments, global trade, , investments, panic, , , , Thai investments, , , Vietnam Dong,   

    No need for special measure over Dubai crisis and Dong Depreciation 

    The decoration of Dubai airport is dazzling

    The decoration of Dubai airport is dazzling: Flickr.com

    The Bank of Thailand (BOT) asked Thai citizens not to panic with Dong depreciation and the Dubai Crisis.

    Deputy Governor of BOT Achana Waikuamdee stated that the Dubai World’s debt repayment adjournment would slightly affect the Thai economy as the number of Thai investments in Dubai were rather low. While the weakening of the Vietnam Dong would not cause a great impact on the Thai economy as Thailand used US dollars in the global trade and investment. (More …)

     
  • Tom 9:32 pm on November 29, 2009 Permalink
    Tags: , , Dubai, Dubai economic, , , gold price, , , , OPEC, , payments, Petroleum, , , , , , , world stock market,   

    Dubai economic collapse has little impact on Thailand economy 

    The Business Bay Executive Towers in Dubai Metropolis

    The Business Bay Executive Towers in Dubai Metropolis: Flickr.com

    Dubai economic fallout would not affect trading between Thailand and Dubai, according to the Director of the Center for Economic and Business Forecasting (CEBF) of the University of the Thai Chamber of Commerce, Mr. Thanavath Phonvichai.

    Mr Thanavath stated that the case of the Dubai World, the main investment company in Dubai,which requested the rescheduling of payments of US$59 billion (2.1 trillion baht) in debts last Friday had to be closely monitored during these two weeks although a clear process had been announced by Dubai government. However, he also said that the situation would depend on the central government of United Arab Emirates (UAE), adding the rescheduling of debt payment could affect the world stock market and gold price worldwide. Additionally, he believed that a clearer operation would bring back a normal situation in Dubai and global countries. (More …)

     
  • Tom 9:23 pm on November 29, 2009 Permalink
    Tags: businesses, corporates, , Dubai, , Dubai World Company, financial crisis, , , , , , , , , , ,   

    SET believes Dubai financial crisis has no impact on Thai registered corporates 

    Dubai financial crisis

    Dubai: Flickr.com

    The Managing Director of the Stock Exchange of Thailand (SET) believed the financial crisis in Dubai had no impacts on Thai registered corporates, since the incident differed from the crisis in United States.

    Ms Pattariya Benjapolchai, the Managing Director of SET said that the organization had coordinated with the registered corporates and Thai joint venture businesses, to gather information of affected firms from the debt moratorium of Dubai World Company at 3,500 million USD. It was found that some businesses were defunct and some got 100 million THB damages, the situation was not a cause of concern anyway. (More …)

     
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