Thailand’s consumer confidence in March 2017 climbed for the fourth consecutive month to the highest level in two years, announced the University of the Thai Chamber of Commerce Economic and Business Forecasting Centre.
Bangkok (VNA)🅘 – Thailand’s consumer confidence in March 2017 climbed for thefourth consecutive month to the highest level in two years, announced theUniversity of the Thai Chamber of Commerce Economic and Business ForecastingCentre.
Therise was driven by an improvement in exports, tourism and higher price of keycommodities like palm oil and rubber, according to Prof. Thanawat Phonvichai,Director of the centre. However,agricultural product prices remained low, while the global economy is unstable.Phonvichai forecast Thai economic growth this year at 3.6 percent and exports torise about 2-3 percent, while inflation rate will stay around 1.6-2 percent. TheThai government recently announced a plan to help small retailers to boost theeconomy. The Ministry of Commerce on April 11 estimated some 400,000traditional, retail businesses across the country need support, with bigdistributors dominating the market. Thenew project will connect retail and wholesale communities, said BangjongjittAngsusingh, Director–General of the Ministry of Commerce’s Business DevelopmentDepartment. Underthe project, enterprises will be provided with training on business management,storage and stock management as well as shop image development, the director said. Aspart of the government’s efforts to reduce living cost, the department hasencouraged producers to cut prices of some products under the “Prache Rath: LowCost of Living” Project.-VNA
The Fiscal Policy Office (FPO) under the Thai Ministry of Finance has raised its growth forecast for the country in 2017 to 4 percent as economic conditions have been improved.
Representatives of Thailand’s banking, trade and production have convened for a meeting to discuss issues related to trade with the US, after a list of 16 countries and territories running a large trade surplus with the US was announced.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Illustrative image (Source: Reuters) 
