Students have their temperatures checked at a school in Bangkok, Thailand. (Photo: AFP/VNA)
Bangkok (VNA) – The Thai cabinet on August 13 agreed to establish a centre to address the economic situationheavily battered by the COVID-19 outbreak.
The economicsituation administration centre, tasked with working in the same way as the Center for COVID-19 SituationAdministration (CCSA), will be chaired by Prime Minister Prayut Chan-o-cha. Thesecretary-general of the National Economic and Social Development Council(NESDC) will be the center's secretary.
The centre's main focus is to promote Thailand'seconomic rehabilitation from the pandemic crisis. It will take charge ofproposing solutions to tackle economic problems and supervise the government'seconomic rehabilitation efforts.
The centre will comprise 22 committees withrepresentation from all economic ministers, the interior and labor ministries,the Bank of Thailand's (BoT) governor and the heads of three largeprivate-sector organisations.
Prime MinisterPrayut said that the COVID-19 pandemic has taken an enormous toll on allsectors. It not only ripped off income to exports and tourism, but also led toa slump in domestic employment and business activities generated by the smalland medium-sized enterprises, said Prayut.
Exports andtourism have been the two major contributors to Thailand's economy. Foreignvisitors to Thailand this year were predicted to plunge to only 2 to 3 millionfrom 40 million in the previous year.
The BoT forecast that Thailand'ssecond-quarter economic contraction could reach a record of 13 percentyear-on-year after business activities were halted by lockdown measures duringthe period.
Theanticipated decline would mark the lowest year-on-year growth since a 12.5percent contraction in the second quarter of 1998 in the wake of the 1997 Asianfinancial crisis.
Thailand'seconomy in the first quarter shrank for the first time since 2014, by 1.8percent year-on-year and 2.2 percent quarter-to-quarter on a seasonally adjustedbasis, as the pandemic cut off tourist arrivals and shuttered businessactivities./.
Thai Deputy Prime Minister and Commerce Minister Jurin Laksanawisit has pledged to speed up adjustment of the country’s rice strategy as quickly as possible as the industry is facing an array of challenges, including a strong baht and rising production costs.
The Tourism Authority of Thailand (TAT) has envisioned three scenarios for the recovery pace of the country’s tourism next year, with the worst case being a contraction of revenue from international visitors to 296 billion THB (about 9.5 billion USD).
The Bank of Thailand (BoT) last week decided to keep key interest rate unchanged at a record low for a second straight meeting, as widely expected, on signs of improvement in the economy after the easing of measures to contain the coronavirus outbreak.
The Thai National Shippers' Council (TNSC) on August 12 asked the Bank of Thailand to seek ways to relieve pressure on exports as the baht continues to strengthen.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
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.
Students have their temperatures checked at a school in Bangkok, Thailand. (Photo: AFP/VNA)
