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The Latest Breaking News from Commerce

Exports beat forecast on high global demand

Thailand's customs-based exports rose by a more than expected 11.9% in June from a year earlier, helped by increased global demand as well as a weak baht, Commerce Minister Jurin Laksanawisit said on Wednesday.

Bangkok Post

How the 'chips-plus' bill grew by nearly 1,000 pages - Roll Call

A handful of senators said they wouldn’t support a semiconductors incentive bill unless it also included science provisions.

Roll Call

Biden presses Congress to pass $52bn semiconductor subsidies

WASHINGTON: President Joe Biden on Monday pushed Congress to pass a bill providing domestic semiconductor manufacturers with $52 billion in subsidies to cut reliance on foreign sourcing for the vital component.

Bangkok Post

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Democrats blast Commerce Department for overseeing heavy increase in gun exports

WASHINGTON — Democrats in the House and Senate are rebuking the Biden administration over a decision to leave in place a Trump-era regulatory change that detractors argue caused gun exports to soar, including to countries with poor human rights track records.

Tribune News Service

Democrats blast Commerce for overseeing heavy increase in gun exports - Roll Call

Countries with high rates of gun violence and problematic human rights records are among the top destinations for U.S. firearms.

Roll Call

Lawmakers press Commerce secretary over Big Tech ties

WASHINGTON — Two influential progressive lawmakers are raising concerns about what they say is excessive corporate influence at the Commerce Department, escalating a clash between the left wing of the Democratic Party and Commerce Secretary Gina Raimondo.

Tribune News Service

India-UK trade talks on track: Commerce ministry official

Both sides sign agreements in the education and nursing fields that will boost short-term mobility and create employment opportunities

The Hindu

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Cannabis valued at B43bn by 2025

Thailand's cannabis market is expected to grow by about 15% a year between 2023 and 2025, with the market value forecast to reach up to 43 billion baht in 2025, according to the latest study by the University of the Thai Chamber of Commerce (UTCC).

Bangkok Post

Exclusive-U.S. probes China's Huawei over equipment near missile silos

The Biden administration is investigating Chinese telecoms equipment maker Huawei over concerns that U.S. cell towers fitted with its gear could capture sensitive information from military bases and missile silos that the company could then transmit to China, two people familiar with the matter said.

Reuters

Trump aimed to erode immigrant representation with census citizenship question, documents show

Documents reveal officials worked to keep secret their intention to use the data to exclude non-citizens from apportionment

The Guardian - US

Secret memo links citizenship question to apportionment

Some Trump administration officials had initial doubts that it was legal to put a citizenship question on the 2020 census but pressed forward and attempted to add it anyways

The Independent UK

Dan Cox wins Republican nomination for Maryland governor, Democratic race too close to call

BALTIMORE — Del. Dan Cox defeated former state Commerce Secretary Kelly Schulz to win the Republican nomination for governor in a competitive race that pit two sides of the GOP against each other.

Tribune News Service

House appropriations bill sprint seeks to buck recent history - Roll Call

Divisions among House Democrats spell trouble for the Defense, Homeland Security and Commerce-Justice-Science bills in particular.

Roll Call

Biden administration reviewing China chip export policies, official says

The Biden administration is reviewing policies for the export of some semiconductor chips to China to ensure that advanced technological know-how does not ending up in Beijing, a top Commerce Department official said during a congressional hearing on Thursday.

Reuters

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Bangkok Post

Thailand establishes mini-FTA with Busan

The Commerce Ministry wants to increase Thai exports to South Korea to 200 billion baht over the next three months after signing a memorandum of understanding on Tuesday to form deeper trade partnerships through a mini-free trade agreement (mini-FTA) with Busan.

Reason

If Congress Bans Abortion, This New Deal Precedent Will Be at the Center of the Legal Battles

A 1942 decision about the Commerce Clause takes on new importance post-Roe.

Tribune News Service

House appropriators back more than $15 billion for cybersecurity

WASHINGTON — House appropriators in June finished marking up a dozen spending bills for fiscal 2023 that would altogether provide at least $15.6 billion for cybersecurity efforts across federal departments and agencies.

Roll Call

House appropriators back more than $15 billion for cybersecurity - Roll Call

House appropriators approved more than $15.6 billion in the 12 spending bills to prevent “increasingly pervasive cyber-attacks.”

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Tribune News Service

Commerce secretary: Let’s not be 'talking ourselves' into recession

Commerce Secretary Gina Raimondo on Sunday predicted slower economic growth as the country grapples with inflation but said that won’t necessarily mean a recession, which is marked by two straight quarters of negative economic growth.

Bangkok Post

Ministry unveils discount packaged rice measure

The Commerce Ministry has teamed up with the Thai Rice Mills Association, Thai Rice Packers Association and petrol stations to sell 1.5 million kilogrammes of packaged rice at a discount of up to 48% or 5-100 baht to help mitigate the cost of living.

The Hindu

Private universities introduce new courses and subjects

Focus of courses on professional advantages

Bangkok Post

Export gain could beat state target

Export growth is expected to beat the government forecast of 4-5% expansion this year after a strong performance in the first five months of 2022, according to Commerce Minister Jurin Laksanawisit.

Bangkok Post

Commerce Ministry trying to keep prices from rising

The Commerce Ministry is trying to maintain consumer product prices for as long as possible but has admitted to production cost hikes.

Bangkok Post

Exports beat forecast in May, weak baht a boost

Exports in May rose a faster than expected 10.5% from a year earlier, helped by increased global food demand and production, and a weak baht , with the trend set to continue this year, Commerce Minister Jurin Laksanawisit said on Friday.

Newsroom.co.nz

The affluent community defying grocery competition woes

The Commerce Minister chooses the wrong scapegoat to demonstrate supermarkets' anti-competitive behaviour: Ponsonby locals are spoiled for choice when they go grocery shopping.

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