Thailand plans $20 billion budget deficit to bolster recovery
Thailand plans to stick to an expansionary fiscal policy to aid its recovery from the COVID-19 pandemic. Prime Minister Prayut Chan-o-cha's government has proposed a higher spending worth more than $93 billion in its 2023 draft budget bill. The budget deficit is projected at $20 billion, or 3.9% of the country's GDP. Southeast Asia’s second-largest economy is forecast to expand between 3.2% and 4.2% next year, as revenues are expected to improve amid higher domestic demand and a revival in the tourism sector.
Guest Appearance: Nordic Asia Podcast - "The Race for the Governor: Talking Bangkok Elections with Saksith Saiyasombut"
“Why did Chadchart Sittipunt win the Bangkok governor race? What does his win tell us about broader political trends in Thailand? And how did it feel covering the Bangkok election? Saksith Saiyasombut, CNA’s Thailand Correspondent in Bangkok, joins Petra Alderman to talk about the significance of the Bangkok governor race – and the local administrative and council elections – and the challenges of being a journalist in Thailand.”
Chadchart Sittipunt's First Day As Governor-Elect and Analyzing the Bangkok Election Results
Bangkok looks set to usher in its first democratically elected governor in nine years. An unofficial count by the Election Commission shows independent candidate Chadchart Sittipunt winning the election by a landslide - with a million votes ahead of his nearest rival.
After Walkout, APEC Trade Minister Meeting Ends Without Joint Statement
The APEC Trade Minister Meeting in Bangkok concluded without a joint statement today (Sunday). This follows a walk-out of representatives of 5 Western countries in protest against Russia’s invasion of Ukraine.
Japanese PM in Thailand to talk economics, Myanmar and Ukraine war
Japanese Prime Minister Fumio Kishida continues his diplomatic world tour, stopping by in Bangkok today. Mr Kishida met his Thai counterpart Prayut Chan-o-cha earlier to discuss issues on bilateral relations and regional issues.