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Thailand’s inflation could reach 5.9% – the highest for 24 years

21 Sept 07:14 Key points summarised by AI

Thailand's inflation is projected to reach a 24-year high of 5.9% this year, potentially peaking at 7% in the third quarter.
The country's economic growth forecast has been revised up to 2.9%, primarily driven by a strong resurgence in tourism, despite a slight decline in export growth.
The Thai Monetary Policy Committee is expected to raise the benchmark policy rate to control inflation, while the baht is predicted to weaken until Q3 before strengthening.

Today 14:58 Key points summarised by AI

Thailand's government will launch the "Chainat-Pasak-Gulf" water diversion canal project in fiscal year 2027, a seven-year mega-infrastructure initiative.
This permanent structural solution aims to mitigate recurrent central plains flooding by diverting water from the Chao Phraya River directly into the Gulf of Thailand, significantly reducing flow to major cities like Ayutthaya and Bangkok.
Prime Minister Anutin Charnvirakul justifies the long-term investment as a means to reduce future damages and fiscal burdens, contrasting it with the 40-50 billion baht spent annually on short-term flood relief.
Concurrently, the Prime Minister instructed officials to expand drainage capacity into the Tha Chin River and swiftly remove water hyacinths to improve immediate flood management.