Thai government gets tips to boost economic growth
The Thai government is mulling a white paper containing proposals on ways to revitalise the flagging economy in the hope of reaching 3% growth rate next year.
Thai Deputy Prime Minister Anutin Charnvirakul (right) receives the white paper from Sanan Angubolkul, Chairman of the Thai Chamber of Commerce and Board of Trade. (Screenshot via Bangkok Post)
Bangkok (VNA) – The Thai government is mulling a white paper containing proposals on ways to revitalise the flagging economy in the hope of reaching 3% growth rate next year.
The paper was compiled by the Thai Chamber of Commerce (TCC) and Thailand’s Board of Trade (TBT).
According to Chairman of the TCC and TBT Sanan Angubolkul, the suggestions fall into three categories.
The first concerns the need for the government to raise confidence in its ability to manage the economy among consumers and investors, both domestically and internationally, through measures to bring down the cost of living and operating costs among businesses.
The government should control prices of basic consumer products and services which people need on a regular basis, such as by freezing electricity and diesel price hikes, he said.
Sanan said the government should also consider a proposal for a joint public-private committee on energy, as such a panel would have a better chance of regulating energy prices.
Private companies are also urging the government to distribute the budget equally to all parts of Thailand to stimulate economic activities outside the capital and major cities. Besides, a new co-payment scheme could increase the purchasing power of consumers in such areas, he added.
The second area of proposals concerns the need to improve competitiveness among small and medium-sized enterprises (SMEs), particularly by reducing their debt burden. The government should also cushion the impact of debt on SMEs by suspending loan repayments and/or extending the debt repayment period for heavily indebted individuals and SMEs.
ꩲ The third set of proposals concerns new strategies to achieve and sustain economic growth, including ways to attract more. In addition to keeping up the momentum for growth in key businesses areas of food, tourism, health and wellness, logistics and education-related businesses, the development of businesses operating in the AI-based, digital, electric vehicle and green energy industries also needs a real push from the government./.
The Thai government is constructing a new bridge to link Chanthaburi province in eastern Thailand with Pailin province in Cambodia, with an estimated cost of 15 million THB (over 430,000 USD).
The Thai Ministry of Foreign Affairs led by its Minister Maris Sangiampongsa, has dispatched a team of advisers to Malaysia to discuss strategies to enhance tourism cooperation between the two countries.
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.
