Thailand's economy improved in October due to tourism, exports and private consumption, which was helped by the government's economic stimulus measures, according to the Bank of Thailand (BoT).
Goods are loaded at a port in Bangkok, Thailand. (Photo: AFP/VNA)
Bangkok (VNA) 🌳- Thailand's economy improved in October due to tourism, exports and private consumption, which was helped by the government's economic stimulus measures, according to the Bank of Thailand (BoT).
Industrial production increased in line with domestic demand and exports, excluding automobiles, it said.
The current account surplus was 0.7 billion USD in October, up slightly from September's surplus of 0.6 billion USD.
The central bank said that private consumption increased 0.8% in October from September and private investment rose 4.5%, adding that government spending also rose sharply.
Tourism, a key economic driver, helped the service sectors. However, structural impediments pressured business and household income in some groups.
The BoT cut its policy interest rate by 25 basis points to 2.25% in a surprise decision at its October 16 review. It also raised its 2024 GDP growth forecast to 2.7% from 2.6%, but trimmed its 2025 growth outlook to 2.9% from 3.0%.
The economy grew an annual 3% in the third quarter of this year, the fastest pace in two years, but officials and analysts saw increased challenges to maintaining the momentum next year./.
Thai Minister of Commerce Pichai Naripthaphan has announced the successful conclusion of negotiations on the Free Trade Agreement (FTA) between Thailand and the European Free Trade Association (EFTA) comprising Switzerland, Norway, Iceland and Liechtenstein.
The Thai government is gearing up for its "Amazing Thailand Grand Tourism and Sports Year 2025", with events and special privileges planned to attract more visitors.
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.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
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.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
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.
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.
