Bangkok (VNA) - The Bank of Thailand recently backed government initiatives to address the issue of cheap Chinese products flooding the Thai market.
According to Piti Disyatat, secretary of the central bank’s Monetary Policy Committee (MPC), Thailand has consistently recorded a trade deficit with China since 2001.
The price index of imported goods from China is lower than the overall index for all imported products, he said, stressing that the influx of Chinese goods has affected Thailand’s manufacturing sector at various levels, depending on each specific industry.
According to Piti, this situation has also contributed to maintaining Thailand’s inflation rate at a low level. While low inflation benefits consumers by reducing living costs, it negatively affects the manufacturing sector and overall competitiveness.
Locally made products such as electrical appliances, textiles and furniture are expected to continue to face pressure from an avalanche of Chinese goods. Meanwhile, some industries, such as automobiles and their suppliers, are experiencing difficulties based on Thailand’s uneven economic recovery, said Piti.
According to the bank, sectors experiencing a weak recovery include the auto industry, integrated circuits and hard disk drives. These industries account for 6% of GDP, 5% of total employment, and 6% of all business operations.
𒐪 Industries facing an unclear rebound include property and construction, and agriculture./.
The pilot project offering medical care at hospitals anywhere in Bangkok for 30 baht (0.85 USD) will have to be postponed, pending formation of the new cabinet, Acting Public Health Minister of Thailand Somsak Thepsutin said on August 21.
The Bank of Thailand (BoT) kept its key interest rate unchanged at a meeting on August 21 as widely expected, despite a sluggish economy and uncertain fiscal policy after the Constitutional Court removed Prime Minister Srettha Thavisin from office last week.
Thailand’s Department of Foreign Trade has launched an anti-dumping investigation on extruded aluminium from China after Thai manufacturers complained of damage from imports.
Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.
The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
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.
