World

Thailand: over 200,000 tonnes of rice sold by auction

A total of 246,000 tonnes out of the 400,000 tonnes of rice were sold during the fourth round of auction this year in Thailand with 21 companies clinching deals.
A total of 246,000 tonnes out of the 400,000 tonnes of rice were soldduring the fourth round of auction this year in Thailand with 21companies clinching deals.

The Thai Department of Foreign Tradewill officially announce the auction result at a later date afterreceiving the approval from the National Rice Policy Committee, which isexpected to meet after the New Year holiday.

The ThaiGovernment will seek to strike a deal with the private sector on theremaining 150,000 tonnes, whose prices in the last round of auction werestill lower than the minimum prices.

Meanwhile,Director-General of the Department of Foreign Trade Duangporn Rodphayastated that this year’s rice exports should be as high as 10.7 milliontonnes worth about 5 billion USD.

She predicted that next year’svolume will be slightly lower, but the value will increase to 5.2-5.3billion USD due to lower global output affected by natural disasters anddrought and rising demands.-VNA
Follow VietnamPlus

See more

Deputy foreign ministers and senior officials of the 11 ASEAN member states and Russia pose for a group photo. (Photo: Ministry of Foreign Affairs)

ASEAN, Russia prepare for 35th anniversary summit

Deputy Minister Dang Hoang Giang reaffirmed that ASEAN views Russia as one of its key partners contributing to regional peace, stability and development. He proposed enhancing high-level strategic exchanges, strengthening cooperation in priority areas such as cybersecurity, including the effective implementation of the Hanoi Convention, and expanding collaboration within ASEAN-led mechanisms.

Thailand ready to share experience with Vietnam in green urban development: officials

Thailand ready to share experience with Vietnam in green urban development: officials

Thailand is ready to share its experience and successful models in green urban development with Vietnam, as the two countries share many similar characteristics, including rapid urbanisation, traffic congestion, flooding, canal networks and growing demand for greener public spaces, Thai officials have said in recent interviews with the Vietnam News Agency.

KKP cuts GDP forecast, warns Thailand faces recession risk. (Photo: The Nation)

Thailand’s economy may face recession risk

In its latest report, KKP Research noted that Thailand’s vulnerability goes beyond its reliance on imported crude oil and liquefied natural gas (LNG). Disruptions to shipping routes in the Middle East could also worsen shortages of fertilisers, affecting agricultural output, as well as petrochemical feedstocks, which would impact the plastics and textile industries.

Thai Prime Minister Anutin Charnvirakul speaks before Thai Parliament in Bangkok. (Photo: Xinhua/VNA)

Thailand plans tighter, targeted fiscal 2027 budget

Thailand's fiscal 2027 budget is projected at around 3.78 trillion THB (nearly 118 billion USD), a 2% increase from the previous year, with a focus on targeted spending and cutting unnecessary expenses, according to Prime Minister Anutin Charnvirakul.

Fitch downgrades Philippines’ outlook to ‘negative’. (Illustrative photo: Reuters)

Fitch downgrades Philippines’ outlook to ‘negative’

The Outlook revision reflects rising risks to the Philippines' strong medium-term growth prospects from recent disruptions to public investment, exacerbated in the near-term by elevated exposure to the ongoing global energy shock.

The Singapore Maritime Technology & Research Roadmap is aimed at advancing the sector’s efficiency and sustainability. (Photo: businesstimes.com.sg)

Singapore unveils new roadmap to boost innovation in maritime sector

The Singapore Maritime Technology & Research Roadmap is aimed at advancing the sector’s efficiency and sustainability. It highlights priorities – including digital technologies, decarbonisation and operational integration – to boost resilience, productivity and innovation in Singapore’s maritime ecosystem. It also addresses structural issues such as manpower, land and sea space limitations.

Malaysia considers establishing strategic petroleum reserve

Malaysia considers establishing strategic petroleum reserve

Malaysia, which was previously a net exporter, has now become a net importer due to declining domestic production and rising consumption, with demand estimated at around 800,000 barrels per day compared to production of about 400,000 barrels per day.

Indonesia to halt diesel imports from July

Indonesia to halt diesel imports from July

The move is part of the Indonesian Government’s efforts to strengthen national energy independence by utilising palm oil as an alternative fuel, said Agriculture Minister Andi Amran Sulaiman.

Malaysia’s growing microplastics crisis is largely self-inflicted, driven by domestic waste, weak recycling practices and everyday plastic use, said experts. (Photo: New Straits Times)

Malaysia seeks solutions to microplastic crisis

Microplastics originating from domestic waste and wastewater are increasingly entering the food chain, posing serious threats to seafood safety and the livelihoods of coastal communities.