Thai Commerce Minister Phumtham Wechayachai is set to have a meeting with the private sector this week, which aims to boost the country's exports and economic performance in the last quarter.
Bangkok (VNA) – Thai Commerce MinisterPhumtham Wechayachai is set to have a meeting with the private sector thisweek, which aims to boost the country's exports and economic performance in thelast quarter.
According to Phusit Ratanakul Sereroengrit, Director-Generalof Thailand’s International Trade Promotion Department, the meeting is scheduledfor September 27 to assess the export situation and find measures to stimulate tradein the final quarter.
As per the Commerce Ministry's latest figures, the country’s exports droppedfor a 10th consecutive month in July, dipping below the forecast because of asteep reduction in global commodity prices. The situation was exacerbated bystricter monetary policies and heightened stringency in financial institutions'lending practices, resulting in reduced consumer spending.
According to Phusit, for the remainder of the year, thedepartment will collaborate with the Tourism Authority of Thailand and ThaiAirways International Plc to promote Thai restaurants and food products,which are considered soft power assets that can increase the value of Thai foodexports.
In December, the department is slated to schedule meetingswith commercial counsellors worldwide to assess export targets for 2024./.
The Thai government plans to borrow about 2.4 trillion THB (nearly 66.65 billion USD) for the 2024 fiscal year starting October 1, up about 9% from the current year, according to market sources briefed by the Ministry of Finance.
Thai Prime Minister and Minister of Finance Srettha Thavisin pledged to work for Sustainable Development Goals (SDG) attainment at the Leaders’ Dialogue 6 of the SDG Summit 2023 held on the sidelines of the 78th session of the United Nations General Assembly in New York on September 19.
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Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
Vietnam plays an important role in Southeast Asia’s economic growth and is a key partner of her country in realising the shared vision of a peaceful, stable, and prosperous region, said Robyn Mudie, First Assistant Secretary of Office of Southeast Asia (OSA) – Southeast Asia Regional and Mainland Division at Australia’s Department of Foreign Affairs and Trade (DFAT).
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The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).
The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
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Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
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