Thailand’s consumer spending during the New Year could reach a three-year high of 103 billion baht (US$2.97 billion) as the economy continues to recover from the impacts of the Covid-19 pandemic, the president of the University of the Thai Chamber of Commerce (UTCC) said on Thursday. That would be a record 20% jump from about 86 […]
Read MoreThe subsidy scheme for domestic tourists might be reduced to 500,000 rooms from 1.5 million after the cabinet this week cut the proposed budget of 8.7 billion baht by half, according to the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said the majority of the revised budget worth 4 billion baht will be allocated […]
Read MoreThailand, the world’s biggest rice exporter after India, is on track to ship the highest volume in four years as importing countries boost purchases to replenish stockpiles and keep a lid on food inflation. Exports will probably climb to 8 million tonnes this year as a weak currency boosts competitiveness and countries such as China look […]
Read MoreThailand’s car production increased by 15% year-on-year to 190,155 units in November, the highest in 44 months, as the semiconductor shortage continued to ease, says the Federation of Thai Industries (FTI). This brought total numbers for the first 11 months to 1.72 million units, a year-on-year increase of 21%, and close to the 2022 target of […]
Read MoreThe government’s latest economic stimulus packages to boost consumer spending during the New Year festive period have drawn mixed reactions from the private sector. While retailers believe the tax rebate packages for shopping will help stimulate consumer spending and the economy, property firms said the new measures would make the market more sluggish, largely because of […]
Read MoreThe medical services and beauty sectors have the brightest prospects for 2023, driven by social media and an ageing society focused more on health and tourism, according to a recent survey by the University of the Thai Chamber of Commerce (UTCC). Tanning, printing of journals and newspapers, printed media delivery, and printing houses are sunset sectors […]
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