Tourists go shopping in downtown Bangkok, Thailand (Photo: Kyodo/VNA)
Bangkok (NNT/VNA) - Thailand’s Consumer Confidence Index (CCI) in January reached a 36-month high, which reflected a healthy economy, according to the Director-General of the Trade Policy and Strategy Office (TPSO).
Citing the January CCI report of the University of the Thai Chamber of Commerce, TPSO Director-General Pimchanok Vonkorpon explained that the report which surveyed 3,578 people across the Kingdom showed positive results. It indicates that the index is influenced by the general public’s opinion of the Kingdom’s current economic state.
The continued improvement of CCI, signals positive signs in the local economy, which may lead to more spending and an increase in cash circulation. If the trend continues, the nation may be able to achieve its target inflation rate set by the Bank of Thailand of 2.5 percent.
The Joint Standing Committee on Commerce, Industry and Banking expects this year's inflation rate to range from 1.1 percent to 1.6 percent. - VNA
President of the Aeronautical Radio of Thailand Sarinee Angsusingha said the Thai aviation industry is expected to grow continually, after the International Civil Aviation Organization (ICAO) lifted the "red flag" status on the country last year.
The Fiscal Policy Office (FPO) of the Thai Ministry of Finance forecast the country’s economic growth rate in 2018 at 4.2 percent and revised the growth last year up to 4 percent from the previous 3.8 percent.
Thai rice exporters have recently called on the government to curb the rise of baht to protect export, after the currency hit four-year high in late 2017.
Thailand’s economy posted the strongest growth in five years in 2017 and is expected to maintain the outlook this year, driven robust exports and tourism.
Kasikornbank (KBank), the fourth largest lender by assets of Thailand, predicted the baht will continue to appreciate against the US dollar in the next few months, following brisk gains in January.
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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.
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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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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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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.
Tourists go shopping in downtown Bangkok, Thailand (Photo: Kyodo/VNA) 
