th02
Read More

Thailand: Bangkok urged to woo business tourists

Online travel agent Agoda hopes Thailand can become a preferred destination for business travellers, competing with Japan and Vietnam. Following Japan in the top spot, Thailand became the second-largest inbound market via the Agoda platform from January to May, ahead of Vietnam in third. Chief executive Omri Morgenshtern said the likelihood that Thailand would overtake […]

Read More
th01
Read More

Thai growth set to beat BoT forecast

The Bank of Thailand expects GDP growth to exceed its forecast, with the economic policies of the new government driving expansion alongside tourism and consumption growth. At its meeting last month, the central bank’s Monetary Policy Committee (MPC) said it believed the Thai economy should continue to expand with some inflationary risks. Tourism and private […]

Read More
th04
Read More

Thailand: Central bank expects easing of loan growth

The Bank of Thailand expects loan growth in the banking industry to slow as demand eases, though rising interest rates should not be a key factor dampening loan expansion. Bank loans recently increased as assistance to small and medium-sized enterprises helped them recover post-pandemic, especially through the central bank’s soft loan programme, said Sakkapop Panyanukul, director […]

Read More
th02
Read More

Thailand: Sentiment declines again last month

Delays in establishing a new coalition government were partly blamed for a drop in the Thailand Industry Sentiment Index (TISI) for a second consecutive month, with the May reading at 92.5 points, down from 95 in April. “The business sector is concerned about the political situation as the process to set up a government does not […]

Read More
th01
Read More

Thailand: Online agents upbeat on growth outlook

Global online travel agents (OTAs) remain bullish about Thai tourism growth this year, driven by a strong wave of arrivals. Wilfred Fan, chief commercial officer at Klook, an online travel platform, said the company reported a 1,200% increase year-on year in bookings for activities in Thailand in the first five months of 2023. Klook’s top five […]

Read More