Thai Industry News

Exporters are uncomfortable with the prospect of a strengthening baht, as they want a stable exchange rate to help them keep pace amid tough global competition

The incoming government should review its policy to raise the daily minimum wage to 300 baht because manufacturers would not be able to carry the added labour cost, the chairman of Khon Kaen Federation of Industries said on Wednesday.

According to the Deputy Director, the Thailand Ministry of Education is warning all schools who offer Education Visas to foreigners to be legitimate and make sure students adhere to attendance and testing requirements.

Bank of Thailand expects a mild impact on inflation if the minimum wage hike is raised to Bt300 as campaigned by the Pheu Thai government, on anticipation that the increase would be gradual.

Strong crop prices drove the growth of Thailand's farm economy in the first half of this year to expand by 7.3% year-on-year, the highest rate in 10 years.

As the dust settles on Pheu Thai’s landslide victory, the political situation in Thailand has become clearer but the economic situation for the property sector is still ambiguous.

Stock investors reacted positively to the election result, with the Stock Exchange of Thailand Composite Index opening 33.48 points or 3.21 per cent higher.

Bangkok is on the list of global top 20 destination cities in terms of visitor arrivals and spending, according to MasterCard Worldwide survey.

Thailand's auto industry is targeting production of 3 million vehicles annually by 2015, pushing the country into the top 10 from its present 12th ranking.

Tipco F&B, a Thai-Japanese joint venture, aims to double its beverage sales to 5 billion baht by 2015.