Bangkok (VNA) – Thailand’s consumer price index (CPI) fell by 1.57percent in June from a year earlier, the country’s Ministry of Commerceannounced on July 3.
Director-General of the ministry’s Trade Policy and StrategyOffice Pimchanok Vonkorpon said that the fall is lower than expectations and improvescompared to the 3.44 percent decline in May.
She attributed the fall to decreases of 2.53 percent innon-food prices and 16.14 percent in fuel prices.
She added that the CPI witnessed a year-on-yearreduction of 1.13 percent in the first half of 2020.
Inflation is likely to be negative every month in the secondhalf due in part to last year's high comparative figures, Pimchanok stated,adding that the main factor pressuring inflation is the tourism sector becausethere will not be many foreign tourists coming to Thailand due to the COVID-19pandemic.
The Ministry of Tourism and Sports predicted that theSoutheast Asian nation may welcome only 9 million foreign visitors this year, asignificant drop compared to the record number of 39.8 million in 2019./.
The Thai cabinet on June 30 approved two stimulus packages worth 22.4 billion THB to revitalise domestic tourism which has been left reeling from the COVID 19 lockdown.
Cambodia and Thailand have discussed the possibility to reopen international border gates to lift the economic deadlock caused by travel restriction measures to curb the COVID-19 spread.
Thailand’s tourism sector would lose 47 billion USD due to the impact of the COVID-19 pandemic, according to the UN Conference on Trade and Development (UNCTAD).
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.
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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.
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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.
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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.
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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.
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