Thailand: Private sector calls for assessing economic impact of Russia-Ukraine tension
The private sector is calling on the Thai government to set up a joint public-private committee to assess the economic impact of Russia-Ukraine tension.
Bangkok (VNA) - The private sector is calling onthe Thai government to set up a joint public-private committee to assess theeconomic impact of Russia-Ukraine tension.
Supant Mongkolsuthree, Chairman of the Federation of ThaiIndustries (FTI), expressed concern that the ongoing tension, which hasresulted in the closure of some flight routes, might affect goods transport.
Supant wants the government to set up the committee to dealwith problems that arise when the situation has not shown any signs ofcooling down.
Meanwhile, Sanan Angubolkul, Chairman of the Thai Chamber ofCommerce, urged the government to closely monitor the international tradeenvironment and assess the disruption of the global supply chain to have timelysolutions.
President of the Thai National Shippers’ Council (TNSC) ChaichanChareonsuk also suggested that the Thai government speed up the negotiationprocess with China to open road and rail routes serving the export of goodsto countries in Central Asia and Europe in case sea lanes are impeded.
With nearly 60 percent of Gross Domestic Product (GDP) dependingon exports, the Thai economy is facing the risk of significant damage in thenear future, given air and maritime transport routes impeded due to Westernsanctions against Russia./.
As many as 142 Thai nationals have been evacuated from Ukraine, with 103 being already safe in Warsaw, Poland, and 39 others in Bucharest, Romania, the Thai Ministry of Foreign Affairs said on March 1.
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Thailand’s Department of Disease Control (CDC) has urged more than 2 million elderly people to get COVID-19 shots before the Songkran festival as infections may soar during the festive period.
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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.
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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.
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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.
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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.
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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.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Illustrative photo (Source: AFP/VNA) 
