Thailand plans to issue bonds overseas to create a benchmark for the private sector and to draw foreign investors' attention, Thai Deputy Minister of Finance Julapun Amornvivat said on October24.
Bangkok (VNA)🎃 – Thailand plans to issue bonds overseas to create a benchmark for the private sector andto draw foreign investors' attention, Thai Deputy Ministerof Finance Julapun Amornvivatsaid on October24.
However, the ministry has yet todecide when the bonds will besold, by how much and in what currency, he said, adding that the Thai government has to look at anappropriate cost and timeline. "Thereis no problems with domestic liquidity," he said. He added that issuing bondsoverseas is to test and explore the market and draw more people's attention toThailand. The government has recently announced sustainability bondsworth 2 billion USD that haveattracted investor interest, he added. Given higheryields, Julapun said the government's borrowing costs rose to about 3% but arestill not too high. A rise in the 10-year bond yield has been driven by globalfactors, rather than a lack of confidence in the government's policies, he said. The Bank ofThailand's (BoT) rate hikes lately were not mainly because of inflation but tonarrow the gap between US and Thai rates, which has caused capital outflowsfrom the stock and bond markets, Julapun said./.
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Thailand’s Deputy Minister of Finance Julapun Amornvivat on October 19 announced that the scheme to give 10,000 THB (274 USD) in handouts via digital wallets to more than 50 million people in the country will not be started on February 1, 2024 as planned.
Thailand has recorded export growth for a second straight month in September, when the revenue increased 2.1% month on month to 920.39 billion THB (25.48 billion USD).
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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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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.
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.
Tourists in Bangkok, Thailand (Photo: AFP/VNA) 
