Tourists at Thailand's night market in Hua Hin (Source: VNA)
Bangkok (VNA) – The Bank of Thailand (BOT)on July 5 raised its economic growth forecast for this year to 3.5 percent from3.4 percent.
The central bank also upgraded its estimate forexports, which is expected to rise 5.0 percent this year, rather than the 2.2percent projected three months ago.
Export, the country’s traditional growth driver,was flat in 2016 and contracted the three previous years, according to central bankdata.
The BOT predicts headline inflation at 0.8percent this year, compared with 1.2 percent forecast earlier.
The National Economic and Social DevelopmentBoard in May forecast the 2017 economic growth of 3.3-3.8 percent, with exportsrising 3.6 percent.
Last year, Thailand saw the growth of 3.2percent, less than achieved by regional nations.-VNA
The Bank of Thailand (BoT) have signed a cooperation agreement with 16 commercial banks, Thai Bankers Association and Sukhumvit Asset Management Company to solve household debts without guarantee.
The value of Thai baht rose to 33.94 baht per USD, a record high in the past two years after the Bank of Thailand (BOT) decided not to take measures to stop the rise of the domestic currency.
The Small and Medium Enterprise Development Bank of Thailand (SME Bank) has held a seminar offering tips to investors seeking to set up businesses in Cambodia, Laos, Myanmar and Vietnam.
The latest data of the Bank of Thailand (BoT) shows the country’s economic recovery is still uneven as private consumption and exports rose in May while investment fell compared to the previous month.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Tourists at Thailand's night market in Hua Hin (Source: VNA)
