The Bank of Thailand (BoT) on November 30 raised its policy rate by 25 basis points for a third straight meeting, as it sought to balance between controlling inflation and supporting an economic recovery.
Hanoi (VNA) – The Bank of Thailand (BoT) onNovember 30 raised its policy rate by 25 basis points for a third straightmeeting, as it sought to balance between controlling inflation and supportingan economic recovery.
The bank’s monetary policy committee decided to raise thepolicy rate from 1% to 1.25%, effective immediately.
The move came after a 0.25-percentage-point rate hikeannounced at the monetary policy committee meeting on Sept. 28 and another oneon August 10, the country's first rate hike since late 2018.
The latest rate hike, in line with market expectations,brought the key policy rate to its highest level since February 2020.
According to a BoT statement, Thailand's economic recovery has continued togain traction, with tourism and private consumption remaining key economicdrivers while the financial system is resilient, but the headline inflation isexpected to be higher than the previous projection for 2023 due to domesticenergy prices.
The bank underlined that gradual policy normalisation remains an appropriatecourse for monetary policy given the growth and inflation outlook, adding thatthe size and timing of policy normalissation will be adjusted if needed.
Thailand's inflation growth slowed to 5.98% in October, from6.41% in September.
The BoT expected headline inflation to rise 6.3 percent yearon year in 2022, before declining to 3% in 2023 and 2.1% in 2024. It predictedthat the economy will grow 3.2% in 2022, 3.7% in 2023 and 3.9% in 2024./.
Thailand’s economic growth recorded the fastest pace in over a year, expanding by 4.5% year-on-year in the third quarter of 2022, thanks to tourism rebound, according to data from the National Economic and Social Development Council (NESDC).
More and more foreign investors are interested in the possibility of investing in the production of electric vehicles (EVs) in Thailand thanks to measures to attract investment, encourage the use of EVs as well as an increase in local demand for the products.
Vietnamese Ambassador to Thailand Phan Chi Thanh and Governor of Thailand’s Udon Thani province Wanchai Kongkasem exchanged views on economic cooperation between the two countries, as well as the demand for collaboration between their localities in their recent working session.
A bus accident has killed at least three people and injured more than 40 others in Thailand's northern province of Tak, local media reported on November 30.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
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.
A banker count bath at the BoT (Photo: AFP/VNA) 
