The Thai central bank's Monetary Policy Committee voted 6-1 to reduce the one-day repurchase rate to 2% to address clearer downside risks to the economy.
Bangkok (VNA) – The Bank of Thailand (BoT) cut its key interest rate by a quarter point on February 26 amid government calls for further 🎃easing to support the economy and weaken the Thai baht to boost exports.
The central bank's Monetary Policy Committee voted 6-1 to reduce the one-day repurchase rate to 2% to address clearer downside risks to the economy.
On the same day, the BoT said in its statement that the Thai economy is expected to expand at a slower pace than previously estimated due to the industrial sector being pressured by structural problems and competition from foreign products, as well as higher risks from trade policies of major economies, even though the economy is supported by domestic demand and tourism.
Thai shares jumped on the news, with the Stock Exchange of Thailand index up 1.6% from the previous day at midafternoon. The baht was little changed at around 33.7 to the US dollar.
The interest rate cut decision followed a call on February 25 by the Thai cabinet for a rate reduction to help ensure inflation stays within the targeted range of 1-3%.
The International Monetary Fund also said last week that a lower interest rate was needed to reduce borrowing costs and improve the capacity of borrowers to repay debts.
Data released last week showed that the economy grew just 2.5% in 2024, below the consensus forecast of 2.9% and at half the pace of neighbouring Indonesia./.
E-cigarettes are available at thousands of shops on streets in major cities and tourist provinces across Thailand, and their market value is estimated at over 5 billion THB (150 million USD) a year.
The skeletal remains of a child, affectionately nicknamed Pangpond after a popular Thai cartoon character, were unearthed during excavations at Din Cave, a site already known for its prehistoric rock art.
Todsaporn Ruangpattananont, President of the Thai Sugar Product Association, said the loss to Thai companies was double the previous estimate, due to shipping and transport costs, fines at Chinese ports, and lower selling prices.
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.
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.
