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Inflation rate in February declining year on year due to cheaper oil prices

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BANGKOK, 2 March 2016 (NNT)-The Ministry of Commerce has revealed that the inflation rate in February dropped year on year due to declining oil prices.

According to the Ministry of Commerce, February’s inflation rate was recorded lower than last year by 0.5% to stay at 105.6. The figure has remained negative for the fourteenth consecutive month as the global oil prices continue to plunge.

Transportation fares, electricity bills and the average price of liquefied petroleum gas (LPG) have also become cheaper. However, the inflation rate increased from January to February this year by 0.15%.

It is said that the rising prices of fresh food during Chinese New Year and higher tobacco taxes have contributed to the increase, which is also a good indicator of a better economy this year. The inflation rate is also likely to register a less negative growth and become positive in the second half of 2016.

The Ministry of Commerce has also revised its projection for the inflation rate growth this year to 0-1% on the condition that the Thai economy expands 2.8-3.8%.

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National News Bureau Of Thailand

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BANGKOK, 11 July 2017 (NNT) – Important people from other countries have traveled to Thailand to pay their respects to His Majesty the late King Bhumibol Adulyadej.

A former vice premier of the People’s Republic of China and his entourage on Tuesday signed a book to express his condolences on the passing of HM the late King at the Grand Palace. Another important person who paid respects to HM the late King is President of the Asian Infrastructure Investment Bank Jin Liqun. The president laid a wreath before the body of HM the late King and signed the condolence book.

Meanwhile, people from many provinces continuously traveled to the Grand Palace to pay respects before the body of HM the late King. HM King Maha Vajiralongkorn sponsored ancient Thai desserts to be given to the mourners.

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National News Bureau Of Thailand

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BANGKOK, 01 March 2017, (NNT) – Thai and Chinese entertainment production houses have recently announced the production of a new television series to honor His Majesty the late King Bhumibol Adulyadej.

Addressing the press Wednesday, Deputy Education Minister M.L. Panadda Disakul said Thailand’s top production companies and China International Broadcasting Network have struck a deal to produce a TV series that features the teachings of His Majesty King Rama IX.

M.L. Panadda, who presided over the signing ceremony, said the program is aimed at inspiring the public to be more productive and successful through the promotion of favorite recreation activities of His Majesty.

The series will be aired in Thailand and China, said the Deputy Minister, remarking that it would play a vital role in promoting Thai culture abroad.

The Deputy Education Minister also disclosed that the love and respect for the revered monarch remain strong among Thai citizens and would be so for many years to come.

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Nakhon Sawan holds exhibition “Still on my mind” commemorating King Bhumibol

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THAILAND, 30th January 2017 (NNT) – Nakhon Sawan Province has been holding an exhibition entitled “Still on My Mind,” featuring the life’s work of His Majesty the late King Bhumibol Adulyadej.

The exhibition, taking place in front of Nakhon Sawan Municipality, features a model of a royal rainmaking aircraft and the Chai Pattana water turbine, both being outstanding projects undertaken by His Majesty for the benefit of the people of Thailand.

Also on display at the exhibition is a Chinese puppet lion traditionally used in the funeral ceremonies of respected elders and teachers. The puppet lion is the only piece of its kind in Thailand and will be included in the royal cremation ceremony for King Bhumibol. It will also be burned at the end of the ceremony.

In addition, the venue features an exhibition of 89 photographs telling the story of the lives of Nakhon Sawan residents and their personal impressions of King Bhumibol Adulyadej. The exhibition in front of Nakhon Sawan Municipality continues until February 1st; there is no charge for entry.

Meanwhile at Somdet Phra Srinakarindra Park in Roi Et Province, Governor Sarit Witoon along with the local Red Cross Society, government officials, and the general public took part in a merit-making ceremony, giving alms to 200 monks from Wat Pa Kung, in dedication to King Bhumibol. Monks at the ceremony also gave special talks for the purpose of acknowledging the generosity of those in attendance and to lift their spirits.

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