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Thai exports fall nine months in a row, may rebound before year end

13 Sept 06:50 Key points summarised by AI

Thai exports have contracted for nine consecutive months, with a 6.4% drop in June alone, primarily due to global economic slowdown, rising interest rates, and inflationary pressures on trade partners.
Major export segments, including agricultural, agro-industrial, and industrial products, experienced declines in the first half of the year, along with reduced exports to key markets like the US, China, and ASEAN.
Despite the prolonged slump, the Ministry of Commerce forecasts a rebound in the second half of the year, projecting a 1-2% export growth for the entire year.
The Commerce Ministry is actively working to reopen 42 permanent border crossings with neighboring countries to facilitate and boost cross-border trade.

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.