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Thailand’s 2025 economic growth target at risk of slowing

Thailand's inflation is expected to reach 1.1% this year, aligning with the Bank of Thailand (BOT)’s target range of 1-3%.
People buy food at a market in Narathiwat province of Thailand. (Photo: AFP/VNA)
People buy food at a market in Narathiwat province of Thailand. (Photo: AFP/VNA)

Bangkok (VNA) 🎃– Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput has expressed his concerns over the country’s economic outlook for 2025, citing the failure of the government’s cash handout scheme to boost consumption in the fourth quarter of 2024.

The governor estimated 2024 GDP growth at 2.7%. The official growth rate will be released on February 17.
Sethaput expects inflation to reach 1.1% this year, aligning with the BOT’s target range of 1-3%. However, he raised concerns about the volatility of the baht. The BOT's Monetary Policy Committee kept the policy interest rate steady at 2.25% in December, with the next meeting scheduled for February 26./.
VNA

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Coordinating Minister for Economic Affairs Airlangga Hartarto answers questions from journalists on the sidelines of his official duties accompanying President Prabowo Subianto in St. Petersburg, Russia, on June 20. (Photo: ANTARA)

ꦦ Indonesia concludes FTA talks with Eurasian Economic Union

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.
Malaysia's Petronas Twin Towers (Photo: AFP)

Malaysia plans sales, service tax hikes

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.
Philippines seizes 175 million USD meth haul

Philippines seizes 175 million USD meth haul

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.
(Photo: Malay Mail/Firdaus Latif)

Malaysia sues Telegram over harmful content

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.
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