Goods are loaded at a port in Bangkok, Thailand. (Photo: AFP/VNA)
Bangkok (VNA)🍃 – Thailand’sexports will recover next year while inflation will stay within its target rangeof 1-3%, according to the Bank of Thailand (BoT).
The freshly-announced minutes of theBoT’s November 29 monetary policy meeting showed that while Thailand’seconomic recovery remains on course, structural issues might limit the positiveinfluence of the global economy on exports and credit quality must be monitored,reported the Bangkok Post. The BoT noted that financial conditions have become morestringent, prompting increased scrutiny of the credit quality for smallbusinesses and household sectors. At the meeting, the MonetaryPolicy Committee (MPC) unanimously voted to keep its one-day repurchaseinterest rate unchanged at 2.5%, the highest in a decade, after hiking it by200 basis points since August last year to curb inflation. Thailand's economy grew much lowerthan expected, at 1.5% in the July-September quarter from a year earlier, theslowest pace this year, on weak exports and government spending. The BoT will next review policyrates on February 7, 2024. It forecast headline inflation to average 1.3%this year, down from 1.6% projected earlier. The BoT predicted 2024 inflation will stand at 2.0%but this will not factor in the potential impact of the government’s500-billion-THB (13.9 billion USD) digital wallet stimulus programme. Separately, BoT officials predicted that tourist arrivals will return to pre-pandemic levels by late 2025, drivenby non-Chinese visitors. The central bank has revised its forecast of Chinesearrivals in 2024 to 6.2 million from 7.5 million predicted earlier. In 2025,the central bank expects 7.8 million travellers from China - still belowthe nearly 11 million recorded in 2019, when the country welcomed a record 40million foreign arrivals in total./.
The Federation of Thai Industries (FTI) forecasted that the country’s economy, particularly exports, will be driven by high-potential industries such as agriculture, food, cars and auto parts, as well as bio- circular and green (BCG) manufacturing.
Thailand will apply automatic channels for passport checks for out-bound foreign passengers at Bangkok-based Suvarnabhumi Airport from December 15 in order to reduce congestion at the country’s busiest airport.
The Thai cabinet on December 12 approved the extension of the 30-day visa-free entry for Japanese tourists with business visits, helping facilitate investment.
Thailand's Digital Economy and Society Ministry has announced that any telephone number with more than 100 calls per day will be suspended in a bid to combat call scams.
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.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Goods are loaded at a port in Bangkok, Thailand. (Photo: AFP/VNA) 
