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Australian cafe group The Coffee Club has more than doubled its revenue in Thailand since opening in the troubled nation 15 months ago. With its fifth store to open in Koh Samui’s Chaweng Beach in July, The Coffee Club has added 80 team members and increased revenue by more than 80 percent in the past [...]
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Thailand’s Department of Foreign Trade has warned Australia’s Department of Agriculture, Fisheries and Forestry that shipments of cheese and curd classed as ‘other cheese’ are approaching the threshold for a temporary tariff increase. Exporters with Australian cheese and curd products in tariff line 0406.90.00 are subject to the special agricultural safeguard provisions under the Thailand [...]
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EBay payment company PayPal now supports 24 currencies on their system after adding Malaysian ringgit, Thai baht, Philippine peso, Taiwan new dollar and Brazilian real to its suite. The availability of these new currencies will allow Australian exporters to sell their goods online to more customers in the Asia-Pacific region in their own money. “The [...]
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The Australian Competition and Consumer Commission (ACCC) has begun proceedings against Thai Airways over alleged price-fixing of air freight. In a statement, the ACCC alleged that between 2001 and 2006, Thai Airways entered into arrangements or understandings with other international air cargo carriers in specific countries that had the purpose or effect of fixing the [...]
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Australian export credit agency, the Export Finance and Insurance Corporation (EFIC), last week signed an agreement with the Export-Import Bank of Thailand (EXIM Thailand) to promote information exchange, capacity building and trade and investment deals between the two countries. The agreement gives a framework for bilateral collaboration, whereby EFIC and EXIM will look to identify [...]
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The Encarta Dictionary defines sectarian as ‘rigidly adhering to a set of doctrines and intolerant of other views’. This definition could best describe the mindset of violent religious and ethnic groups in emerging economies. For most individuals, it can be hard to comprehend why a group of individuals could take it upon themselves to unleash [...]
...read moreThe latest data issued by the Australian Department of Foreign Affairs and Trade (DFAT) reveal that arrests of Australian citizens have increased almost 40 percent over the past five years. The DFAT annual report for the 2008/09 financial year indicates that 1,019 Australians were arrested in the year to June 30, 2009, with the US [...]
...read moreCountries of the Asia-Pacific Economic Cooperation (APEC) have announce they will fight protectionist measures and commit to completing the Doha round of trade negotiations in 2010, following their meeting in Singapore yesterday. Some criticised the USA for its ‘Buy American’ campaign, which Thai Commerce Minister Pornthiva Nakasai said would adversely affect exports from the 21-member [...]
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Thailand offers a plethora of trade and investment opportunities for Australian exporters. Located in the heart of South East Asia, the Thai capital, Bangkok is an urban sprawl of more than 8 million people housing Thailand’s centre of political, economic, social and cultural activities.
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Minister for Foreign Affairs Stephen Smith has added his voice to the global concern for Aung San Suu Kyi, who went to trial this week for breaching her house arrest after an American man swam to her lakeside home earlier this month. Smith reiterated his call to release Suu Kyi, restricted to her home prison [...]
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