Thailand’s economy will grow 4 percent in 2021, more than 1 percentage point lower than Southeast Asia’s average, according to the Asian Development Bank (ADB).
Bangkok (VNA) – Thailand’s economy will grow 4 percent in2021, more than 1 percentage point lowerthan Southeast Asia’s average, according to the Asian Development Bank (ADB).
In its latest forecast, ABD downgraded the ASEAN region’s outlook for 2021,with Southeast Asia now expected to grow 5.2 percent next year compared to 5.5percent forecast in September.
The bank also downgraded its 2020 GDP forecast for Southeast Asia to -4.4 percentfrom -3.8 percent in September. It projects the Thai economy this year will contract7.8 percent, down sharply from 2.4 percent growth last year.
Meanwhile, the Thai baht’s appreciationis poised to continue until the end of 2021 as a result of the weaker USD andThailand's current account surplus, according to the Economic IntelligenceCenter (EIC), a research house under Siam Commercial Bank.
External factors contributing to the firmer baht include the weaker USD,a larger US budget deficit, less volatility in global trade tensions andprogress in COVID-19 vaccines, causing capital inflows to emerging marketeconomies, said Yunyong Thaicharoen, first executive vice-president of EIC.
The Thai economy hasdeclined by 12.1 percent and 6.4 percent, respectively, in the second quarter andthe third quarter of 2020 due to adverse impacts of COVID-19 pandemic on its tourismindustry.
CIMB Thai Bank forecasted that Thailand'seconomy will see a clear recovery momentum in 2022 as domestic demand willremain weak in 2021./.
Thai conglomerate B.Grimm Group is studying the feasibility of an additional 3,000MW in Vietnam and a partnership with a US firm for 2,000MW of supply, according to B.Grimm chairman Harald Link.
Heavy rain has triggered flooding in many areas of southern Thailand, particularly in Nakhon Si Thammarat, with Surat Thani, Phattalung, Trang, Satun, Songkla, Pattani, Yala and Narathiwat also impacted.
Thailand’s Ministry of Commerce is holding the first Thailand Fineness expo, aimed at helping to boost general consumption and domestic travel, with at least 100 million baht cash flow expected.
From mid-2021, users of Singapore's PayNow and Thailand's equivalent PromptPay will be able to send money instantly and securely across the two countries with their mobile phone numbers at competitive rates, according to Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Illustrative image (Photo: //www.nationthailand.com/) 
