The Thai baht (THB) weakened to a seven-month low on June 28 as political uncertainty dampened investor appetite, while most other emerging Asian currencies also depreciated against a firmer dollar after resilient US data eased recession concerns.
Bangkok (VNA) – The Thai baht (THB) weakened to a seven-month lowon June 28 as political uncertainty dampened investor appetite, while mostother emerging Asian currencies also depreciated against a firmer dollar afterresilient US data eased recession concern🐼s.
Equities in the region were largely in the red,with shares in the Republic of Korea (RoK) taking the biggest hit, declining 0.8%, while those in thePhilippines and China lost 0.3% and 0.5%, respectively. The THB depreciated 0.6% to hit its lowest levelsince Nov 30, 2022, as doubts linger over whether Thailand's leading candidate couldsecure enough votes to become prime minister in the new parliament's first sessionnext week. Alvin Tan, head of Asia FX strategy at RBC Capital Markets, said it is unlikely that the (Move Forward) coalition has the necessary votes to go ahead to form a new government. The political stalemate and uncertainty in Thailand will drag on if the country does not get a new government by next week, Tan added.
Elsewhere, the RoK won fell 0.3%, while the Philippines peso and Singapore dollar slipped 0.2% and 0.1%, respectively./.
The Thai small and medium enterprises (SMEs) are set to receive a major boost as the PMG Corporation organizes the 9th edition of "Smart SME EXPO 2023".
The number of COVID-19 patients in Thailand is dropping while COVID-19 deaths are mostly those aged above 70 and unvaccinated, according to Thailand’s Public Health Ministry.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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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.
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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.
Thai baht at 7-month low (Photo: VNA) 
