Thailand fetched 1.4 trillion THB (44.5 billion USD) from cross-border trade in 2018, up 6 percent over the previous year, but falling short of the set target of 1.5 trillion THB.
The Chong Chom checkpoint in Kab Choeng district of Surin in Thailand is a main trading post with Oddar Meanchey in Cambodia (Photo: www.bangkokpost.com)
Bangkok (VNA) – Thailand fetched 1.4trillion THB (44.5 billion USD) from cross-border trade in 2018, up 6 percentover the previous year, but falling short of the set target of 1.5 trillion THB.
According to Thailand’s Department of ForeignTrade, the ongoing US-China trade row, natural disasters, and foreign exchangefluctuations were the main factors hampering trade.
Of the cross-border trade total, border exportsrepresented 778.29 billion THB, down 0.8 percent year-on-year; while borderimports were worth 614.33 billion THB, up 14.9 percent.
Thailand’s border trade with Laos, Myanmar,Cambodia, and Malaysia reached 1.12 trillion THB – with exports making up 650.9billion THB, down 0.5 percent; and imports worth 473.76 billion THB, up 11percent.
Malaysia was the biggest partner for bordertrade, followed by Laos, Myanmar, and Cambodia.
Thailand’s trade with Singapore, Vietnam, andsouthern China rose 12.7 percent to 267.95 billion THB, up 12.7 percent against2017. –VNA
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Thailand reached its rice export target by shipping 11.13 million tonnes worth 5.62 billion USD abroad in 2018, according to the country’s Ministry of Commerce.
Total registered investment in Thailand reached a total of 902 billion THB (28.2 billion USD) in 2018, 43 percent higher than the previous year and beating the set target of 720 billion THB, according to the Thai Board of Investment (BOI).
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Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
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Real estate agency ERA Singapore estimated that there are 2,703 condo developments in Singapore today, of which 836 or 31% are at least 30 years old. In 10 years, this number is expected to climb to 1,160, assuming none is sold en bloc.
The new framework is designed to ensure that incoming investments deliver tangible national benefits, such as the creation of high-quality jobs for Malaysians and the development of local company ecosystems and technologies.
Singapore led with a total of 8.8 billion USD in realised investment, followed by Hong Kong and mainland China, Malaysia, and Japan with 8 billion USD, 1.7 billion USD and 1.6 billion USD, respectively.
Thai Acting Prime Minister Phumtham Wechayachai on August 7 outlined his strategy for tackling drug problems in Thailand, aiming for a "Zero Drugs Thailand" within three months.
The US has described Malaysia's role as Chair of the Association of Southeast Asian Nations (ASEAN) as vital in helping ease tension between Thailand and Cambodia.
The Chong Chom checkpoint in Kab Choeng district of Surin in Thailand is a main trading post with Oddar Meanchey in Cambodia (Photo: www.bangkokpost.com) 
