Thailand’s Gold and Jewellery Exports Rise Nearly 30%

The export value of gems and jewellery grew by 29.3% in the past seven months despite unfavourable trading terms with the rising baht. The Gem and Jewellery Institute of Thailand director, Duangkamol Jiambutr, puts the value of exports from January to July at US$9...

Rice Traders Blame Strength of Thai baht for Hurting Exports

The president of the Thai Rice Exporters Association, Charoen Laothamtas, is concerned that the strong Thai baht is having a negative impact on rice exports. He notes that the baht has risen about 6% against the US dollar since January, whereas the Vietnam dong has...

Thai Cannabis Market is Forecast to Reach US$661.3 million (20.4 billion baht) by 2024

A legal cannabis industry would usher in several economic benefits, including job creation, a tax boost, investment and R&D in medicines and sciences, according to Colorado-based Marijuana Industry Group (MIG). MIG is the oldest trade association for legal and...

Thailand’s Drought disaster estimated 10bn baht ($326M)

The overall damage is expected to escalate to 37 billion baht should the drought extends to September, as the wet season rice cultivation cycle would be affected; that would lower expected Thai economic growth to 2.9 percent from 3 percent. The latest estimate from...