Industries
Thailand's tourism industry rebounds as it heads into high season
Tourist arrivals in Thailand have been promising – with 3.12 million international travellers turning up in the first seven months of the year.The authorities and industry players are optimistic but the nation, which before the Covid-19 pandemic relied heavily on tourism, is not out of ...
Global economy to hit Thai tourism
The Tourism Authority of Thailand (TAT) forecasts revenue of 1.2-2.38 trillion baht next year, according to its new 2023 strategy, but this is likely to be challenged by global inflation and rising interest rates, with spending already taking a hit.TAT governor Yuthasak Supasorn said the ...
Bangkok Post Reporter
Inflation hits sentiment in Thai industry
The Thailand Industry Sentiment Index (TISI) fell to a seven-month low of 84.3 points in May amid economic uncertainties ranging from rising inflation to political conflicts overseas, says the Federation of Thai Industries (FTI).The inflation rate hike and prolonged global oil price surge, driven by ...
Lamonphet Apisitniran
New tax law could provide spark to Thailand’s global EV hub dream
A new tax law introduced today could provide the spark to realize Thailand’s global electric vehicle hub dream.The Excise Department in Bangkok revealed a law governing the reduction of the EV tax from 8% to 2% will be published tomorrow in the Royal Gazette and ...
April factory output rises 0.56% y/y, below forecast
Thailand’s factory output in April rose at a smaller pace than expected as higher costs continued to affect production, despite improved economic activity, the industry ministry said on Monday.The manufacturing production index (MPI) rose 0.56% in April year-on-year, below a forecast rise of 1.6% in ...
TAT keen on 20m goal
Thai tourism remains on course to reach 20 million arrivals next year as the prime minister predicted, following the easing of travel rules on May 1, according to the Tourism Authority of Thailand (TAT).“The industry next year is poised to strengthen from this year, making ...
Bangkok Post Reporter
Deep dive into Thailand's EV perks package
The government recently approved an array of incentives, including lower excise tax and import duties on significant auto parts, in a bid to make electric vehicles (EVs) more appealing to both car buyers and manufacturers.What are the incentives for EVs?The incentives recently approved by the ...
Bangkok Post Reporter
Thai tourism sector calls for easing of COVID-19 requirements to boost arrivals
Tourism organisations in Thailand have called on the government to ease the COVID-19 requirements for international visitors to boost arrivals in time for the Easter holidays in April.Presidents of 20 tourism associations and councils submitted a letter to Prime Minister Prayut Chan-o-cha and related officials, ...
Thai tourism sector seeks more sandbox schemes
The business sector is calling on the government to implement sandbox schemes in destinations like Pattaya in Chonburi, Rayong and some parts of Bangkok, Sanan Angubolkul, chairman of the Thai Chamber of Commerce, said on Thursday.He was speaking after meeting with members of the Chonburi ...
The Nation Reporter
Prayut urges govt agencies to continue with ‘reshaping Thailand’ policies
Prime Minister Prayut Chan-o-cha has instructed relevant agencies to proceed with policies to reshape the country, government spokesman Thanakorn Wangboonkongchana said on Monday.So far, Thailand has adjusted its tourism strategy by focusing on 3Rs, namely: Reopen (Q3 2021): Pilot reopening under the Phuket Sandbox scheme. ...
The Nation Reporter
