The Thai Chamber of Commerce (TCC) forecast Thailand’s gross domestic product (GDP) growth at 3.5 percent in 2019 if the new government takes office by September.
The Songkran festival from April 11 to 17 is said to generate 28 billion Thai baht (880.78 million USD) to the Thai economy. (Photo: VNA)
Bangkok (VNA) – The Thai Chamber of Commerce (TCC) forecastThailand’s gross domestic product (GDP) growth at 3.5 percent in 2019 if thenew government takes office by September.
Thanawat Phonwichai, Director of the TCC’s Economic and Business ForecastingCentre, said if the GDP growth does not reach 3.5 percent, it could be due topolitical unrest and the ongoing US-China trade war.
Meanwhile, the Kasikorn Research Centre estimated that increased travel by bothThai and foreign tourists during the Songkran festival from April 11 to 17 willgenerate 28 billion Thai baht (880.78 million USD) in revenue for the tourismand related sectors, up 2.2 percent year on year.
Of total estimated revenue, 12.2 billion baht is expected to come from Thaistravelling within the country and 15.8 billion from foreign tourists visitingthe country during the festival.
However, smog in the northern region is set to affect tourism, causing tourismincome to decline.
The research centre haspredicted that the number of tourists visiting Thailand throughout 2019 islikely to exceed 39 million.
The Ministry of Tourismand Sports reported that during the first two months of the year, the number offoreign tourists visiting Thailand grew 2.5 percent year on year, totalling7.29 million people.-VNA
More than 7,000 new businesses were registered Thailand in January, a strong indication of the country’s economic expansion, according to the Thai Department of Business Development (DBD).
Thailand's Ministry of Commerce has registered more than 100 products for Geographical Indication (GI), representingg over four billion baht in commercial value, following the Prime Minister’s policy to create value-added local products.
The Tourism Authority of Thailand (TAT) has forecast that the number of tourists during this year’s Songkran festival from April 12-16 will drop by 10 percent partly due to the northern haze problems.
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.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
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.
The Songkran festival from April 11 to 17 is said to generate 28 billion Thai baht (880.78 million USD) to the Thai economy. (Photo: VNA) 
