Natural Rubber output has decreased due to heavy rains in many areas and flooding in some areas. Even though the container shortage issue starts to improve as well as the freight rate, there are other risk factors such as Pestalotiopsis leaf fall disease and the prolonged Russia-Ukraine war. These factors affect energy and commodity prices and the volatility of the global financial markets. Furthermore, trade partners' economies slowed down. Inflation a...
Nowadays, digital technology is a significant thing that many people pay attention to, including global businesses, because every leading organization knows that digital technology is one of the important keys to business operations and industry competition in this era. We are probably familiar with the term "Artificial Intelligence" or "AI." It refers to the processing systems of computers, robots, machines, or electronic devices with in-depth analysis...
The Thai Rubber Association (TRA) has followed up on the progress of the EU Regulation on Deforestation-Free Products. TRA found that the regulation will apply to the companies in the EU (27 countries) that use or import products that might be related to deforestation based on scientific evidence. The regulation covers various commodities, such as cattle, wood, palm oil, soy, coffee, cocoa, and some processed commodities, such as leather, furniture, and...
The International Rubber Association (IRA) was inaugurated in Ottawa, Canada on September 24, 1971, through the cooperation of rubber associations in both producing and consuming countries. Currently, the IRA consists of 20 members from 13 countries. The Thai Rubber Association is one of the initial members and a member of the Management Committee. With a term of 2 years, IRA is led by 8 Management Committee members, 4 of which are member associations f...
A central bank is a public institution established to act as the center for the financial operations of a country. For Thailand, the institution that takes a role as a central bank is the Bank of Thailand (BOT). The roles and responsibilities of BOT are to print and issue banknotes and other security documents; to promote monetary stability and formulate monetary policies; to manage the BOT's assets; to provide banking facilities to the government and a...
