Thailand’s new Prime Minister Srettha Thavisin vowed to act quickly to relieve the country's economic problems in his four-year term in his inaugural speech to the parliament on September 11.
Thailand’s new Prime Minister Srettha Thavisin. (Photo: AP)
Bangkok (VNA) - Thailand’s new Prime Minister Srettha Thavisin vowed to actquickly to relieve the country's economic problems in his four-year term in hisinaugural speech to the parliament on September 11.
Hesaid the national economy was fragile due to the high household debt and public debt, which nowexceeded 90% and 61% of gross domestic product (GDP), respectively. Thailand’spost-pandemic economy is like “a sick person,” with a sluggish recovery thatputs the nation at risk of entering a recession. He vowed toquickly take measures to relieve debt pr𝔍oblems, mitigate rising energy costsand boost tourism.
He said thegovernment will work immediately to implement a campaign promise — 10,000 THB (280 USD) handout for all Thais 16 and older to stimulate the economy byboosting short-term spending.
The government will also solve debt problems of farmers, thegeneral public, smalꦺl and medium-sized enterprises and other groups.Solutions for farm﷽ers would include a debt moratorium.
The PM promised these solutions would neitherbreach financial discipline nor ruin repayment awareness.
🤡In addition, the PM said, the government wouldreduce the prices of oil, cooking gas and electricity, and find more sources ofenergy.
Another immediate economic solution focuses on tourismpromotion, which will generate income and create jobs, he said.
The government will waive visa fees for vi🌳sitors fromspecified countries and fastrack visas for participants in internationalevents, while promoting international events and improveairports to serve more flights, Srettha said./.
Thailand’s government is stepping up efforts to address concerns about decreased rainfall and drought caused by the El Nino weather phenomenon that is affecting the country's agricultural sector.
Thailand’s economy can grow as forecast in 2023, helped by public consumption and investment after the formation of the new government, the country's Deputy Minister of Finance Krisada Chinavicharana said on September 8.
Thai business operators may not be ready to comply with the Carbon Border Adjustment Mechanism (CBAM) of the European Union (EU), according to Thailand’s Department of Trade Negotiations.
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.
Thailand’s new Prime Minister Srettha Thavisin. (Photo: AP) 
