Thaland's National Economic and Social Development Council (NESDC) reckoned that the Thai economy can be affected by three scenarios taking into account the ongoing Russia-Ukraine war and other geopolitical conflicts.
Bangkok (VNA) - Thailand's National Economic and Social Development Council (NESDC) reckoned that the Thaieconomy can be affected by three scenarios taking into account the ongoingRussia-Ukraine war and other geopolitical conflicts.
NESDCDeputy Secretary General Wichayayuth Boonchit said the first and most probablescenario is that if the Russia-Ukraine war continues but the global oil supply isnot affected by sanctions against Russia, Thailand’s economyshould expand between 2.5 and 3.5% this year.
In thesecond but less probable scenario, he said the Thai economy will grow lessthan expected in 2022-2023 if more sanctions are slapped on Russia. This willresult in a surge in the global price of oil and other products.
Thethird and worst scenario is that if a conflict is sparked between the US and China.Wichayayuth said this conflict will spark a global economic recession dependingon the intensity of this and other geopolitical conflicts.
Meanwhile, the JointStanding Committee on Commerce, Industry and Banking predi🧜cted that theThai economy will grow by 2.75 – 3.5% this year on the back of rising exports,tourist arrivals and Government support./.
The Bangkok Post on August 12 cited a source saying that former President of Sri Lanka Gotabaya Rajapaksa is staying at a hotel in downtown Bangkok and advised to limit going out due to security reason.
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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.
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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.
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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.
Illustrative image (Photo: AFP/VNA) 
