The Thai Ministry of Finance will carefully analyse the country’s economic figures thoroughly as Thailand prepares to ramp up government spending in the new budget to kickstart its faltering economy.
Bangkok (VNA) - The Thai Ministry of Finance will carefully analyse the country’s economic figures thoroughly as Thailand prepares to ramp up government spending in the new budget to kickstart its faltering economy.
Meanwhile, the National Economic and Social Development Council (NESDC) will conduct a “health check” on the economy, examine household debt, people's income, and the business potential of small- and medium-sized enterprises.
The moves come after the Cabinet approved a fiscal 2024 budget with government spending of 3.48 trillion THB (100 billion USD), a jump of 9.3% from the fiscal year 2023.
According to the NESDC, the economy has slowed this year, expanding just 1.9% in the first nine months. The third quarter’s GDP growth slowed to 1.5% from 1.8% in the second quarter. Industrial production also fell in the third quarter.
The country's GDP is projected to grow 2.5% this year compared with 2.6% last year. Meanwhile, inflation is forecast to remain at 1.4%, and the current account balance is expected to exceed 1% of GDP.
The World Bank predicts Thailand will see some of the lowest economic growth in ASEAN over the next 20 years as the country’s population ages and private investment slows.
Without economic reform, the Thai economy is expected to grow at just 3% per year over the next two decades, the bank said./.
Thailand is set to increase the minimum wage in next month as planned, and the government is also considering another wage hike in March 2024, Prime Minister Srettha Thavisin affirmed on December 26.
Thai Prime Minister Srettha Thavisin said on December 26 that the Cabinet has approved the Budget Bill for 2024 fiscal year after many months of delay.
Thailand is set to conclude its year-long anti-drug campaign by destroying a record-breaking 340 tonnes of seized narcotics. The operation is part of the government’s “Set Zero” campaign against drug trafficking.
The Department of Internal Trade (DIT) is closely monitoring the flood situation in the southern region of Thailand, ensuring an adequate supply of consumer goods, and preventing price gouging.
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.
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.
Illustrative image (Photo: Bangkokpost) 
