Thailand ’s lifestyle goods industry this year can generate 100 billion THB in revenue, an increase of 5 percent compared to the 2013 figure, according to the Thai Lifestyle Products Federation (TLPF).
The projection is the highest in five years, said TLPF’s Secretary Jirabul Wittayasingha, adding that positive factors include the economic recovery of European countries and America , as well as the weakening of the Thai baht which is now in a range of 32-33 baht against the greenback.
He said that the United States contributes 25 percent to the overall exports sector.
The TLPF Secretary, however, noted that investors should take care of political instability, adding that the agency has advised manufacturers to explain the situation to their trading partners in order to reassure them.
Thailand is currently offering a wide range of lifestyle products, including souvenirs, items of home decoration and furniture, as well as household appliances, toys, stationery, and office supplies.-VNA
The projection is the highest in five years, said TLPF’s Secretary Jirabul Wittayasingha, adding that positive factors include the economic recovery of European countries and America , as well as the weakening of the Thai baht which is now in a range of 32-33 baht against the greenback.
He said that the United States contributes 25 percent to the overall exports sector.
The TLPF Secretary, however, noted that investors should take care of political instability, adding that the agency has advised manufacturers to explain the situation to their trading partners in order to reassure them.
Thailand is currently offering a wide range of lifestyle products, including souvenirs, items of home decoration and furniture, as well as household appliances, toys, stationery, and office supplies.-VNA
