The newly established Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) is setting its sights on becoming a leading hub for the halal industry, leveraging its unique cultural and religious identity to attract investments and foster economic growth. Vision for Economic TransformationThe creation of BARMM marks a significant milestone in the Philippines’ efforts to bring peace […]
Thailand to Resolve Black Chin Tilapia Issue Within Two Months
Bangkok, August 5, 2024 — The Thai government has announced a comprehensive plan to resolve the black chin tilapia problem that has been affecting local ecosystems and fish farming communities. The crisis, which has posed significant ecological and economic challenges, is expected to be resolved within two months, thanks to coordinated efforts and strategic interventions. […]
Commerce Ministry Promotes Thailand as Leading Source of Plant-Based Foods
Bangkok—The Commerce Ministry is actively promoting Thailand as a leading source of plant-based foods, aiming to position the country at the forefront of a rapidly growing global market. This initiative is part of Thailand’s broader strategy to capitalize on the increasing demand for sustainable and health-conscious food options. By establishing Thailand as a hub for […]
Thai Consumers Crave Vietnamese Fish Sauce: A New Trend in Culinary Preferences
In a notable shift in consumer preferences, Thai consumers are increasingly turning to Vietnamese fish sauce, a trend that has caught the attention of Central Retail executives. This rising demand reflects broader changes in regional trade dynamics and cultural exchanges between Thailand and Vietnam. Growing Popularity of Vietnamese Fish Sauce Vietnamese fish sauce, known for […]
Thai Tapioca Exports Face Challenges as China Turns to Coal
Thailand’s tapioca industry, valued at 127 billion baht, is under threat as China, its largest customer, transitions from using tapioca chips to coal for ethanol production. The new ethanol facility in Shaanxi province is set to produce 500,000 tonnes of ethanol annually from coal, which is cheaper than tapioca chips. This shift is expected to […]
Thai PM Urges Expansion of Halal Food Market to Boost Economy
In a strategic move to bolster Thailand’s economy and expand its global market reach, Prime Minister Srettha Thavisin has called for the expansion of the country’s halal food market. Speaking at the first meeting of the Thai National Halal Industry Committee (NHIC) for 2024, Srettha highlighted Thailand’s robust food sector, favorable climate, and efficient labor […]
Going Global with Cambodian Cuisine: Strategies and Opportunities
Phnom Penh, Cambodia’s rich culinary heritage is poised to capture the global palate, driven by innovative entrepreneurs and strategic logistics partnerships. As the demand for diverse and unique flavors grows, Cambodian delicacies like Kampot pepper and palm sugar are gaining international acclaim. Embracing Global Opportunities The global trend towards organic and sustainably produced goods offers […]
Thailand Secures Strategic Rice Deal with the Philippines Worth 2.8 Billion Baht
Bangkok, July 11, 2024 – In a significant economic development, Thailand has successfully signed a lucrative rice trade agreement with the Philippines, valued at 2.8 billion baht. This strategic move is expected to enhance Thailand’s economic standing and agricultural exports significantly. The deal, formalized through nine memorandums of understanding (MoUs), encompasses the export of 130,000 […]
Thailand Secures Major Rice Export Deal with the Philippines
In a significant strategic achievement, Thailand has secured rice export orders worth over 2.8 billion baht from the Philippines. This move follows Commerce Minister Phumtham Wechayachai’s directive to expedite the promotion of Thai rice exports. From July 3-5, a delegation of Thai rice traders visited the Philippines, resulting in the signing of nine memorandums of […]
Lower Raw Tuna Prices Boost Thailand’s Canned Tuna Exports
Thailand has seen a significant increase in its canned tuna exports, driven by a decrease in raw tuna prices. This strategic advantage has allowed the country to enhance its market share in the global canned tuna industry, further solidifying its position as a leading exporter. Economic ImpactThe reduction in raw tuna prices has provided a […]