Latest news with #JirayuHuangsap
Reuters
4 days ago
- Business
- Reuters
Thailand plans $572 million stimulus spending and will compensate border conflict casualties
BANGKOK, Aug 5 (Reuters) - Thailand will spend 18.5 billion baht ($572 million) on stimulus measures to support the economy as it braces for the impact of U.S. tariffs, and will compensate families of those who died in last month's border conflict, officials said on Tuesday. The stimulus measures approved by cabinet are aimed at enhancing economic competitiveness and supporting student loans, Deputy Finance Minister Julapun Amornvivat told reporters. The government still has about 25 billion baht of funds to use to mitigate the impact of U.S. tariffs and for broader relief efforts, Julapun said. The U.S. last week set a 19% tariff on imported goods from Thailand, lower than the 36% rate announced earlier this year and more aligned with other countries in the region. Julapun said cabinet gave the government approval to prepare a joint statement on tariffs and trade with the United States, but said discussions were ongoing and there was no set signing date. On Tuesday, the University of the Thai Chamber of Commerce said it expected the economy to grow 1.7% this year. That is below both the finance ministry's revised forecast of 2.2% growth in 2025 and last year's actual growth of 2.5%. The cabinet also approved a 10 million baht ($310,000) payment to the families of government officials who died in the July conflict with Cambodia, while those injured will receive up to 1 million baht, government spokesperson Jirayu Huangsap told a briefing. Families of Thai civilians who died during the conflict will each receive a payment of 8 million baht, he said, while the injured would receive up to 800,000 baht. ($1 = 32.35 baht)
New Straits Times
01-08-2025
- Business
- New Straits Times
Thailand hails US tariff deal as win-win for trade stability
BANGKOK: The new 19 per cent tariff the United States (US) imposed on Thai goods, effective today, represents a win-win outcome to preserve Thailand's export base and ensures long-term economic stability. Government spokesperson Jirayu Huangsap said the Thai government had successfully negotiated and concluded a import tariff agreement with the US. "This marks another significant achievement and reflects a balanced approach that safeguards the Thailand's export base and supports sustainable economic growth," he said in a statement on the Thai government's website on Friday. He said the new rate is significantly lower than the previous 36 per cent and is comparable to those applied to Vietnam, the Philippines and Japan. "This revised rate helps maintain Thailand's competitiveness within ASEAN, where several countries had already secured similar agreements with the US," he added. Jirayu said the outcome underscores Thailand's capacity to assert itself on the global trade stage amid the ongoing shifts in international trade policy. According to a presidential order issued by the White House on July 31, Thailand, along with four other ASEAN member states – Malaysia, Cambodia, the Philippines, and Indonesia – will be subject to the same 19 per cent tariff, effective Aug 1. The new rate replaces the 36 per cent tariff announced in April, bringing Thailand's tariff treatment more in line with regional economies. The US was Thailand's largest export market for goods last year, accounting for over 18 per cent of the country's total shipments, estimated at US$54.96 billion. Thailand's top exports to the US in 2024 included computers, teleprinters and telephone sets and rubber products. Its main US imports were crude oil, machinery and parts, and chemicals.
Indian Express
29-07-2025
- Politics
- Indian Express
Amid ceasefire at border, Thailand-Cambodia military-level talks postponed
The Thailand-Cambodia border, which witnessed violent conflict since last week, remained reportedly calm on Tuesday following a ceasefire deaL. However, a military commanders level talks from both sides which was scheduled today, has been postponed, Reuters reported. The Thailand and Cambodia militaries are yet to agree on the location for the talks, as the military commanders level talks were postponed, a Thai official was quoted as saying by Reuters. Thailand government spokesperson Jirayu Huangsap told reporters that their administration would notify the United States and China, who took part in ceasefire negotiations on Monday, about the ceasefire violations by Cambodia. The clashes between the two countries led to the killing of at least 33 people and more than 120,000 had to flee their homes which were situated near the border. The Thai army has alleged that Cambodia launched attacks in several areas after the ceasefire, which was supposed to take effect at midnight. However, the Cambodia side has denied the allegations and said that there was no firing in any location, Associated Press reported. Acting Thai Prime Minister Phumtham Wechayachai and Cambodian Prime Minister Hun Manet met in Malaysia on Monday and agreed to halt their deadliest conflict in over a decade. Both the leaders agreed to an 'immediate and unconditional ceasefire'. The truce was announced by Malaysian Prime Minister Anwar Ibrahim in Kuala Lumpur on Monday, alongside his Thai and Cambodian counterparts. 'This is a vital first step to a de-escalation and a restoration of peace and security,' he said, while confirming that the hostilities between the two neighbours would cease by midnight. Reports suggested that calm had returned along the border of Thailand and Cambodia but the Thai military spokesperson alleged that though Thailand ceased all the military activities in the region, Cambodian troops, however continued strikes after the ceasefire came into effect at midnight and the Thai army responded with defensive action. Thailand's Major Gen. Vithai Laithomya, in a statement said, 'Such actions represent a deliberate violation of the ceasefire and a serious breach of trust.' –with inputs from AP and Reuters
The Star
28-07-2025
- Politics
- The Star
Ceasefire in focus as Thai, Cambodian leaders gather in Putrajaya
PUTRAJAYA: Leaders from Thailand and Cambodia are expected to meet here at 3pm on Monday (July 28) for a high-level negotiation aimed at halting deadly border clashes that have erupted between the two Southeast Asian neighbours. The conflict, which flared up on July 25 near Cambodia's northern border, has already claimed more than 20 lives on the Thai side. Cambodian authorities have reported five soldiers and eight civilians killed, with thousands of residents displaced across both sides. Tensions have been brewing since a fatal skirmish on May 28 near the disputed Preah Vihear border zone, where a Cambodian soldier was reportedly shot. The 817-kilometre undemarcated stretch between the two countries has long been a flashpoint for military and diplomatic disputes. On Sunday, the Thai government confirmed its participation in the regional consultation hosted by Malaysia, expressing hope that the talks would pave the way for informed decisions and help restore calm. Thai Government spokesperson Jirayu Huangsap said the meeting would serve to consider peace proposals submitted by both sides. In an event here on Sunday (July 27), Prime Minister Datuk Seri Anwar Ibrahim said that he is expected to chair the meeting, having held separate discussions with Thai and Cambodian leaders over the past week. He said global leaders, including US President Donald Trump and representatives from China, have urged both parties to seek a peaceful resolution. - Bernama
The Sun
28-07-2025
- Politics
- The Sun
Thai and Cambodian leaders meet in Putrajaya for ceasefire talks
PUTRAJAYA: Leaders from Thailand and Cambodia are set to meet today at 3pm in Putrajaya for urgent talks to de-escalate border clashes that have claimed more than 20 lives. The conflict, which intensified on July 25 near Cambodia's northern border, has displaced thousands on both sides. Cambodian authorities report five soldiers and eight civilians killed, while Thailand has suffered significant military casualties. The unrest follows a fatal skirmish on May 28 near the disputed Preah Vihear zone, where a Cambodian soldier was reportedly shot. The 817-kilometre undemarcated border remains a persistent flashpoint. Thai government spokesperson Jirayu Huangsap confirmed participation in the Malaysia-hosted talks, expressing hope for a peaceful resolution. 'The meeting will review peace proposals from both sides,' he said. Prime Minister Datuk Seri Anwar Ibrahim, expected to chair the discussions, revealed that global leaders, including US President Donald Trump and Chinese representatives, have urged restraint. 'The priority is restoring stability through dialogue,' Anwar stated after preliminary talks with both nations. - Bernama
