Thailand's global competitive rank this year has risen to 38 from 40 last year, according to the Global Competitiveness Index 4.0 by the World Economic Forum (WEF).
Thailand's global competitive rank this year has risen to 38 from 40 last year (Photo: pattayamail.com)
Bangkok (NNT/VNA) - Thailand's global competitive rank this yearhas risen to 38 from 40 last year, according to the Global CompetitivenessIndex 4.0 by the World Economic Forum (WEF).
The index compares the competitiveness of 140 countries. This year, the WEFgives the US first ranking for the first time in 10 years and Thailand 38thranking with a score of 67.5. Thailand's ranking has increased from 40th lastyear.
Thailand receives better scores in almost all components of this 12-pillarindex, particularly in financial market development for which the countryreceives a score of 84.19. However, the report suggests Thailand continue toimprove its research and development, internal competitiveness and politics.
In ASEAN, Thailand ranks third after Singapore and Malaysia.
According to the WEF, the Thai government's infrastructure investment will leadto better use of technology and innovation. Furthermore, clarity of the generalelection will help improve the country's ranking next year. –NNT/VNA
The Tourism Authority of Thailand (TAT) and Expedia Group have signed an agreement on collaboration, aiming to reach a 20 percent growth in tourism income in secondary provinces by 2020.
The Thai economy continues to gain further traction from both domestic and external demand, the central bank of Thailand (BOT) said in its press release on economic and monetary conditions in August.
The US Department of Agriculture (USDA) said Thailand’s sugar and sugarcane production is forecast to decline in the 2018-19 crop due to unfavourable weather conditions.
For the third consecutive year, Thai firms have received the most appraisals for standardised software practices compared to those from other ASEAN member nations.
The International Monetary Fund (IMF) has raised its Thai economic growth projections for this year and next from 3.9 percent to 4.6 percent and 3.8 percent to 3.9 percent, respectively.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
Aircraft are prohibited from flying below 6,000 metres in the vicinity of the volcano, and should also remain alert to the presence of volcanic ash, which can disrupt flights.
Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.
Univers said in a statement that the new centre will serve as a hub for innovation, bringing together digital intelligence and climate ambition to accelerate Sarawak's transition toward a low-carbon, tech-enabled economy.
The target is to be completely free from plastic waste within two years. This can only be achieved if all parties implement the initiative with strong discipline.
Indonesia is taking new steps to improve protections for fishery workers, amid concerns over low wages, harsh working conditions, and limited access to social welfare.
The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum that opened in Jakarta on June 17 reaffirmed a shared commitment to shaping a connected, resilient future by advancing the ASEAN Connectivity Strategic Plan.
The desk will serve as a service centre providing market intelligence, business licensing guidance, facilitating business cooperation, identifying potential investment projects, and harmonising regulatory policies between the two parties.
Malaysian Prime Minister Anwar Ibrahim noted that the Asia-Pacific region accounted for half of global energy consumption and 60% of greenhouse gas emissions in 2024. Despite this, regional countries, including eight of ten ASEAN member states, remain committed to climate goals, including net-zero emissions and tripling global renewable capacity by 2030.
Thailand's global competitive rank this year has risen to 38 from 40 last year (Photo: pattayamail.com) 
