IMF expects Thai economy to outperform global peers in 202321 Nov 2022
BANGKOK (NNT) - International Monetary Fund (IMF) Managing Director Kristalina Georgieva was recently in Thailand as a participant in APEC 2022. The IMF has disclosed its projection for Thailand’s economic growth in 2023, when Thailand’s GDP is expected to outperform global peers.Prime Minister Gen. Prayut Chan-o-cha has been briefed on the IMF’s report on the forecast for Thailand’s GDP growth in 2023. The agency projects that Thai GDP will grow by 3.7% next year, which will be an improvement over this year’s 2.8% growth.The IMF expects Thailand’s unemployment rate to be the lowest in the Asia-Pacific region, at 1.0%. Thailand is one of only few countries the IMF expects to experience economic expansion amid a global slowdown. Said economic slowdown has been attributed to inflationary challenges and heightened living costs.The IMF’s projections illustrate the significance that clear government policies have on the Thai economy’s situation. The government has been able to manage the spread of COVID-19 and keep the situation under control. It also worked rapidly to revive the economy by preparing the tourism sector to be ready to accommodate tourists once the Covid situation improved. This effort initially took the form of the Phuket Sandbox program and gradually culminated in the full and careful reopening of the country to travelers. Measures to attract investors, experts, and high-potential individuals to Thailand have also been implemented.The IMF forecasts the economies of most APEC members are slowing down. It also says 1 in 3 economies around the world is entering a recession. World GDP is expected to expand by 2.7% in 2023, compared to 3.2% this year.
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China Congratulates Thailand on Successfully Hosting APEC 202221 Nov 2022
BANGKOK (NNT) - Chinese President Xi Jinping met with Thai Prime Minister Gen Prayut Chan-o-cha on Saturday (19 Nov), during which Xi congratulated Thailand on its success in hosting the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting. He also stressed the millennia-old friendship between China and Thailand and the fraternity between its two peoples.Over the past ten years since China and Thailand established the comprehensive strategic cooperative partnership, their traditional friendship has gained even greater strength. Xi noted that the partnership has continued to deepen and bilateral relations have entered a new development stage.At this new historic starting point, China said it will work with Thailand to carry forward the special bond that "China and Thailand are as close as one family." The Thai prime minister in turn extended warm congratulations on the successful 20th National Congress of the Communist Party of China (CPC) and on Xi’s election as general-secretary of the CPC Central Committee.He also said Thailand supports the Global Development Initiative and Global Security Initiative put forward by Xi and supports China in playing a greater role in regional and international affairs.President Xi arrived in Bangkok on Thursday (17 Nov) to attend the 29th APEC Economic Leaders’ Meeting. Delivering a speech Friday at the meeting, Xi called for building an Asia-Pacific community with a shared future.In his speech, Xi stressed the need to follow the spirit of the Asia-Pacific family, look after one another like passengers in the same boat, and steadily move toward an Asia-Pacific community with a shared future.He also said that "over the past decades, robust economic cooperation in the region has created the ’Asia-Pacific miracle’ admired across the world. Asia-Pacific cooperation has taken deep roots in the hearts of the people."On Saturday, Xi said that free and open trade and investment are among the purposes and principles of APEC, and an important pillar in the realization of the Putrajaya Vision 2040.Additionally, the Chinese president stressed the importance of upholding true multilateralism and defending the multilateral trading system, upholding inclusiveness for the benefit of all, and upholding open regional cooperation for the prosperity of the Asia-Pacific.
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Prime Minister Invites Everyone to Welcome Attendees of APEC Economic Leaders’ Meeting13 Nov 2022
BANGKOK (NNT) - Prime Minister Invites Everyone to Welcome Attendees of APEC Economic Leaders’ Meeting as fallowDear Beloved Fellow Citizens,In the week to come, leaders and delegates from throughout the Asia-Pacific region and beyond will travel to Thailand to attend the 2022 APEC Economic Leaders’ Meeting and related gatherings. This is a historic moment for the kingdom, as the world looks to us as one of the leading economies to help shape regional and global economic policies and norms.This is an event that all Thais can be proud of as our nation marches forward. Thailand has achieved global recognition on multiple fronts, including being among the countries that best managed the COVID situation. More recently, the kingdom’s credit rating was upgraded to level A by the Japan Credit Rating Agency (JCR), which also upgraded the credit rating of baht-denominated bonds to A+ and maintains Thailand’s rating as “stable”.These accomplishments were made possible through the cooperation of all sectors, including relevant agencies, the government sector, private sector and members of the Thai public, who performed their roles to the fullest capacity and adhered to the long-term interests of the nation. I, therefore, wish to invite all sectors to come together in welcoming important guests to our country and hope that the upcoming 2022 APEC meeting will further benefit Thailand, including by stimulating the economy, trade, investment and tourism.FB : Prayut Chan-o-cha November 11, 2022
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Local Thai dishes to feature at APEC Leaders’ reception12 Nov 2022
BANGKOK (NNT) - The upcoming APEC Economic Leaders’ Week will be a golden opportunity for Thailand to show the world its capacities, including the world-famous Thai cuisine. A menu featuring local and innovative dishes has been specially created for the reception dinner of country leaders and businesspersons, all made from locally sourced ingredients.Local dishes featuring ingredients from all parts of Thailand have been selected for the reception of APEC Economic Leaders’ Week participants, cooked to perfection using traditional and innovative techniques.Chef Chumpol Jangprai has created this special menu to highlight local ingredients and showcase the country’s abundance of food resources.Highlight dishes from this menu include a rainbow lobster from Phuket, which has long been a popular dish among tourists for its firm and tasty meat. A tasting menu featuring local dishes from all regions of Thailand will feature four bite-size dishes served on a map of Thailand. These dishes include crispy Khao Soi noodles from the north, an option between grilled Korat Wagyu beef or grilled catfish with sweet and savory Sadao sauce, river prawn croquette, and Golek chicken. Kratong Thong or bite-size crispy golden cups will be served as an appetizer with farmed caviar from Doi Inthanon Royal Project in Chiang Mai. The dessert will be a reimagining of Khanom Mo Kaeng taro and egg custard dish made into a mille-feuille, served alongside a scoop of ice cream. This dish will be made with low-carb flour, fragrant taro from Saraburi, mountain taro from the northern region, and palm sugar from Phetchaburi. The ingredients used to make all these dishes will be locally sourced from farms in Thailand, including items registered as geographical indication (GI) products, in order to present Thailand’s capacity as the kitchen of the world.
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Bangkok governor invites all to be good hosts of APEC Economic Leaders’ Meeting12 Nov 2022
BANGKOK (NNT) - 2022 APEC meetings and events are about to take place during the APEC Economic Leaders’ Meeting next week. The Bangkok Metropolitan Administration (BMA) has affirmed that as a co-host, it is ready for the APEC leaders’ week. Bangkok City Hall is also inviting everyone to the APEC 2022 Thailand : Showcase at ICONSIAM.Bangkok Governor Chadchart Sittipunt presided over the opening of APEC 2022 Thailand : Showcase at ICONSIAM. He was joined by Tanee Sangrat, director-general of the Department of Information, Ministry of Foreign Affairs.The Bangkok governor said the BMA is honored to be a co-host of the 2022 APEC Economic Leaders’ Meeting, an event of global importance. The event also marks Bangkok’s full re-opening after the COVID-19 situation came to pass. Hosting the leaders’ meeting is expected to foster the confidence that investors and the global community have in Thailand.Mr. Chadchart urged everybody in Bangkok to act as good hosts. He said the BMA is responsible for cleanliness and order, and the agency has implemented full efforts for this purpose. Road surfaces in the vicinity of meeting venues have been improved. Decorations were carried out at Queen Sirikit National Convention Center – the main venue for the leaders’ meeting. Joint drills between BMA personnel and security agencies were held to prepare for the mitigation and prevention of disasters. Garbage collectors, cleaners, and janitors have also been trained to help security officials monitor threats or hazards."APEC 2022 Thailand : Showcase at ICONSIAM" is aimed at improving public appreciation of the hosting of APEC events in 2022. Innovations pertaining to Thailand’s APEC agendas and relevant knowledge are be highlighted at the show. Some of the themes include balanced development that takes into account the economic, social, and environmental fronts. The bio-circular-green (BCG) economy approach and the history and progress of APEC are also some of the highlights. Discussion stages on the topic of the BCG economy, featuring successful SME entrepreneurs, will also be held. The show will be held at ICONSIAM until November 20.
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SET, MFA, Bangchak Group, SCG and OR jointly promote carbon neutrality via “Care the Bear” initiative at APEC 202210 Nov 2022
BANGKOK (NNT) - The Stock Exchange of Thailand (SET) teams up with the Ministry of Foreign Affairs and capital market partners – Bangchak Group, SCG, and PTT Oil and Retail Business pcl (OR) - to promote “Care the Bear” project at APEC Economic Leaders’ Week Media Center, in their collaborative efforts to achieve low carbon society and make the media center carbon neutral. The initiative reinforces SET’s position at the forefront of stock exchange focusing on balanced and sustainable growth. Under the project designed to combat global warming, SET’s six Cares practices will be implemented with the “Green Media Center”, touted as a model for environmental management, optimized resource and energy utilization as well as integrated and concrete waste management. For partners, they will bring their expertise and experiences in working together to offer end-to-end management to turn the media center to a truly carbon-neutral area. Bangchak Group will estimate carbon emissions at the media center and balance by seeking carbon offsets equal to amount of emissions from domestic projects through Carbon Markets Club. SCG provides innovative recycled paper solution for decoration such as backdrop and recycling bins, and, after the event, recycles paper waste to bookshelves for the efficient use of resources in line with circular economy practices; while OR will recycle and upcycle plastic waste to new materials to highlight APEC’s concept of BCG economy. The Green Media Center at LG Floor, Queen Sirikit National Convention Center (QSNCC) will welcome more than 3,000 media members from across the world to APEC Economic Leaders’ Week meeting during November 14-19, 2022. Director-General of the Department of Information and Spokesperson of the Ministry of Foreign Affairs Tanee Sangrat said that in hosting APEC 2022, Thailand aims to promote sustainable and balanced growth through socially and environmentally-responsible business operations that underline the Bio-Circular-Green Economy Model (BCG). In this regard, the “Green Media Center” will reflect Thailand’s capability in concretely driving sustainability, particularly in the environmental dimension. Booths and exhibitions are completed with recyclable materials for maximized resource utilization; and integrated waste management is planned along with measures to track and reduce greenhouse gas emissions. SET President Pakorn Peetathawatchai said that the exchange as APEC 2022’s Official Communication Partner sets up a booth to present the Thai capital market’s potential and its role in fostering balanced and sustainable growth. SET also joins hands with the Department of Information and partners in implementing the “Care the Bear” Project, a part of the Climate Care Collaboration Platform, with the “Green Media Center” that encompasses the 22,000-sqm exhibition area on LG Floor. SET encourages exhibitors and the event attendees to understand and apply the six Cares practices involving use of public transport or carpooling, cutting back on paper or plastic, zero use of foam, energy efficiency, application of recyclable decorative materials and food waste reduction. Such practices are aimed to save energy and resources associated with activities in the media center, reduce impacts on the environment and greenhouse gas emissions. Results of the six Cares practices will be calculated to show how much the event’s emissions are reduced. “SET has developed the Climate Care Collaboration Platform. By implementing the “Care the Bear” Project at APEC 2022 in collaboration with the Ministry of Foreign Affairs’ Department of Information and our partners, we aim to show the world Thailand’s concrete and measurable actions in sustainable environmental management. This will be a model that leads to new environmental management standards for organizations and drives us towards low carbon society in the future,” Pakorn said. Organizations interested in reducing the greenhouse gas emissions of their events can visit www.carethebear.com for more information.
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Thailand ready to host APEC Economic Leaders’ Week08 Nov 2022
BANGKOK (NNT) - Government spokesman said the preparation for the APEC Economic Leaders’ Week (AELW) in Thailand is almost complete, while the Prime Minister has urged the general public to help maintain peace and order during the event.Government Spokesman Anucha Burapachaisri said the preparation is now 90% complete, including the reception of economic leaders, the venues, meeting topics, and security.He said the government has now received some 2,000 applications from international media to cover the event.The AELW 2022 will officially commence on 14 November, with the Prime Minister Gen Prayut Chan-o-cha presiding over an exhibition on the Bio-Circular-Green Economic model, which is being promoted by Thailand as the host country of the Asia-Pacific Economic Cooperation (APEC) this year.Prior to the event, the Prime Minister will be attending the ASEAN Summit in Cambodia on 10-13 November, while leaders from APEC economies are expected to arrive in Thailand ahead of the official meeting date.The Prime Minister has asked for cooperation from all sides to help maintain peace and order, while urging members of the media to be careful when presenting news that may affect the event.Leaders from 15 countries have so far accepted the invitation to attend the AELW in person, while the United States, South Korea, Malaysia, and Chinese Taipei will be sending official delegates to participate in the event. The leader of Russia has yet to officially respond to the invitation.The Prime Minister will also be holding official meetings and discussions at the government house with leaders and officials from Vietnam, China, and Saudi Arabia during the leader’s week.
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White Monkey’ Khon performance film to hit cinemas on December 508 Nov 2022
BANGKOK (NNT) - A much-anticipated Thai film depicting part of the Ramayana epic using Khon performance is nearing completion and is set to hit cinemas on December 5. The Ministry of Culture hopes the film will contribute to the preservation of Thailand’s cultural heritage and expand Thai soft power abroad.Minister of Culture Itthiphol Kunplome spoke of the production of “White Monkey”, a movie about the Hindu god Hanuman. The film is being collaboratively made by the Thai Media Fund and private sector partners. One aim of the endeavor is to preserve cultural heritage from the reign of His Late Majesty King Bhumibol Adulyadej. Together with Her Majesty Queen Sirikit the Queen Mother, King Bhumibol contributed to the preservation of Khon performances at Sala Chalermkrung Royal Theater since 2005. The film is also expected to contribute to the projection of Thailand’s soft power in film and motion pictures.The Khon performance film makes use of traditional arts and digital graphics and movie special effects to present the Ramayana epic in Khon format. The story is based on literature as well as input from Khon experts. According to the culture minister, the film will excite as well as impress the audience while propagating Thailand’s national performance art of Khon abroad. The production involves Khon performers and experts from many institutes, as well as performers from Sala Chalermkrung Royal Theater.The premiere screening is set for December 4 this year. Normal screenings at cinemas nationwide will commence on December 5 or Father’s Day.
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PM wants to see safe Loy Krathong celebrations08 Nov 2022
BANGKOK (NNT) - The Prime Minister has asked organizers of Loy Krathong events to ensure the safety of event participants, in wake of the Halloween crowd crush in Seoul, South Korea. Prime Minister Gen Prayut Chan-o-cha ordered related agencies to inspect the structural integrity of piers and pontoons where Loy Krathong events will be taking place, and to appropriately warn eventgoers about any potential risks. Event organizers should have in place staff members on-site to assist the general public and provide help in case of accidents.Many provinces have banned the use of fireworks and firecrackers at Loy Krathong events this year for safety reasons. The Prime Minister asked everyone to strictly comply with these regulations, which include the ban on sky lanterns, rockets, and fireworks in areas near airports. The Bangkok Metropolitan Administration said it will be deploying city hall staff at piers to ensure safety and assist the general public. For safety reasons, the maximum capacity of people on each pontoon will be limited to 1 person per 1 square meter.The city will patrol the Chao Phraya River to ensure public safety throughout the festival. It encourages the general public to report cases of accidents or request emergency assistance by calling the 199 or 1555 hotlines, both available 24 hours a day.
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