Business

After the US levied sweeping restrictions against China’s semiconductor manufacturing industry last autumn, opportunities are emerging for other countries to bolster their positions in the supply chain for this critical component of the global economy and linchpin of future technologies like artificial intelligence (AI) and next-generation computing. Semiconductor diplomacy The manufacturing...

BANGKOK (NNT) – The government has set its 2023 rice export target to 7.5 million tons in alignment with strong demands and the volatility of the Baht currency. Foreign Trade Department Director-General Ronnarong Phoolpipat stated that the rice export target for this year was made following consultation with the Thai...

BANGKOK (NNT) – Commerce Minister Jurin Laksanawisit and EU Trade Commissioner Valdis Dombrovskis announced that the two sides have agreed to relaunch negotiations for a free-trade agreement (FTA) between Thailand and the European Union, with both sides aiming to complete the talks within the first quarter of this year. Jurin...

BANGKOK (NNT) – The government has disclosed that nearly 60,000 bank accounts were frozen last year, with almost 120,000 telephone numbers frozen for their use in criminal operations. According to government spokesperson Rachada Dhnadirek, the Ministry of Digital Economy and Society has joined forces with the police and other agencies...

Officials in Thailand are now anticipating an influx of visitors from China, as the Chinese government is lifting its restrictions on international travel that have effectively prevented its citizens from spending holidays abroad. “Celebrate where you are” no morePeople in China are now able to travel without restriction for the first...

Dell plans to stop using Chinese chips by 2024, according to Nikkei. This marks a major shift in its supply chain strategy. Dell Technologies Inc. is planning to stop using China-made chips by 2024 and has asked suppliers to reduce the amount of other China-made components in its products. The...

IMF Chief Kristalina Georgieva has warned that central banks still have some way to go in their inflation battle, as global growth is expected to slow further this year due to higher interest rates. Despite strong labor markets, Georgieva cautioned that tightening financial conditions could lead to tensions between...

Bangchak Corporation Public Company (BCP) has reached a deal with ExxonMobil, the parent company of Esso (Thailand) Pcl, to acquire the company for 55.5 billion baht. This will make BCP the second largest oil company in Thailand with a market share of 29.1%, behind PTT Public Company’s 39%. BCP...