Sugar futures drop as Indian supplies climb
Indications about growing inventories in India tugged down sugar futures on Monday as the sweetener endured its sharpest losses in nearly one month, according to Bloomberg. Generation of the soft commodity will rise to 25 million metric tons for the 2013-2014 harvest, which trumps July estimates by 5.5 percent, according…
AirAsia traffic from India soars to 54% on smart ideas
Malaysian budget carrier AirAsia’s share of traffic from India to its base has increased to 54% this year from 44% in 2012, a growth attributed by analysts to contraction of the total market as well as its smart network strategy and promotional fares. AirAsia ferried close to 272,627 passengers on…
Thai trade low in India
Thai businesses wanting to develop a foothold in India are advised to look at opportunities in low-end segments that domestic producers have neglected, say experts. “People should not look at India as a single market of 1.2 billion consumers when 600 million people are still living below the poverty line,”…
Massage Parlour diplomacy: India offers Yoga in return of Thailand’s spas
Indian people will soon be able to avail the luxury of Thai massage parlours. A barter proposal is being discussed at the highest level, according to which Thailand will set up its famous massage parlour in India in return of yoga. The proposal is being considered under Free Trade Agreement…
‘We’ll trade you yoga for Thai massage’: India proposes duty-free services deal with Thailand
If everything goes well, Thai massage parlours and spas will soon make a foray into India. A yoga-for-massage barter proposal which is doing the rounds in the Commerce Ministry and the Ministry of External Affairs may break the logjam with Thailand over the free trade agreements (FTAs). As per the…
NRIs and foreigners can’t leave the country with rupee
MUMBAI: Thanks to a new directive from the Reserve Bank of India (RBI), from now on every non-resident Indian ( NRI) and foreigner leaving the country will have to compulsorily change Indian rupees in their possession into a foreign currency before they board the flight. It’s a common practice among…
Tata’s Thai plant to export pickup trucks to Malaysia
Tata Motors, India’s biggest car maker, is to export its pickup trucks from its Thai assembly plant to Malaysia, aiming to ship 500 in its 2013 fiscal year ending March 31 next year. Sanjay Mishra, chief executive of Tata Motors (Thailand) Co, said the company has appointed Malaysian partner DRB-Hicom…
Indian wine may soon enter Thai market
Indian wine, which is slowly making itself seen in wine cellars in several countries, could soon enter the vast Thailand’s vast market as an accompaniment to spicy Thai cuisine. “The Thai palate is similar to the Indian palate, our wines are well suited to Thai and Indian cuisine,” Jagdish Holkar,…
India-Thailand freetrade agreement talks move ahead
Thailand has indicated softening of stance on some of the issues in the freetrade agreement it is negotiating with India, bringing the pact closer to reality after more than 10 years of talks. Top officials in the ministry of commerce and industry said Bangkok has shown more flexibility recently over…
Thailand’s Sound Fundamentals Attractive to Foreign Investors
Governor of the Bank of Thailand Prasarn Trairatvorakul believes that Thailand will continue to receive the attention of foreign investors because of its sound fundamentals and attractive prospects. In his address on the topic “Connecting Thailand to the New Investment Frontiers” on 28 August 2013, Mr. Prasarn pointed out that…