Showing 1 - 10 of 6,415
Country’s growth potential declining, says BoT chief
Published on04/07/2024
» The country’s economic growth potential is expected to hover around the three-percent mark for the next five years, a decline from the average of closer to 3.5% reported in the years before the Covid-19 pandemic, according to Bank of Thailand governor Sethaput Suthiwartnarueput.
Thailand advised to integrate transport modes
Business, Molpasorn Shoowong, Published on04/07/2024
» To achieve its goal of becoming an aviation hub by 2030, Thailand should encourage more robust domestic travel and integrate different modes of transport, according to Alton Aviation Consultancy.
PM ‘will consider’ easing booze sale rule
Mongkol Bangprapa, Published on03/07/2024
» NAKHON RATCHASIMA - The government has promised to consider lifting the afternoon ban on alcohol sales to help ease the plight of restaurant operators who say the poor economy is starting to hurt them.
Inbound duty-free shops to be closed
Wichit Chantanusornsiri, Published on02/07/2024
» The cabinet says duty-free shops in arrivals areas of international airports will be closed to encourage more spending by visitors in domestic stores, with projections for up to 3.5 billion baht a year of new local retail spending.
Ministry unlikely to extend jet fuel tax cut
Business, Wichit Chantanusornsiri, Published on02/07/2024
» The Finance Ministry is unlikely to extend the duration of the jet fuel excise tax reduction after providing a tax break during the pandemic, according to Deputy Finance Minister Julapun Amornvivat.
Hotels want stimulus amid weak recovery
Business, Narumon Kasemsuk, Published on02/07/2024
» Hotel operators are pushing for a tax deduction or subsidy for renovation investment, especially for green energy, while the Tourism Authority of Thailand (TAT) suggests hotels in second-tier cities install electric vehicle (EV) chargers to accommodate the growing trend of travel via EVs.
Asian shares on track for fifth month of gains
Business, Published on29/06/2024
» RECAP: Asian stocks were on track for a fifth straight month of gains on Friday, bolstered by a growing view that cooling US inflation could prompt the Federal Reserve to ease interest rates this year, while the yen tumbled to a 38-year low against the dollar.
Tourism confidence low amid sluggish economy
Molpasorn Shoowong, Published on28/06/2024
» The tourism confidence index remained below the benchmark in the second quarter, hampered by stagnant economic growth, though it improved from last year, according to the Tourism Council of Thailand (TCT).
Phenix Launches: Pratunam’s New World-Class Food Hub
Published on28/06/2024
» The Prime Minister, embassy representatives, government, and private sectors in the food industry, along with Asset World Corp Public Company Limited (AWC), collaborate to inaugurate the "Phenix" project, the world's food wholesale hub with the largest food lounge in Pratunam. It integrates high-quality food ingredients sourced globally, complemented by a lifestyle of indulgence, entertainment, and culinary excellence, all within a pioneering business model that facilitates trade between food manufacturers and suppliers through both offline and online channels. With a diverse array of products from over 1,000 global brands and international pavilions representing various countries, the project aims to attract tourists and food enthusiasts worldwide to Bangkok's new landmark in the Pratunam area. The expansive food lounge hosts over 200 renowned restaurants, offering a rich tapestry of culinary experiences from esteemed establishments, including Michelin-recommended street food and restaurants, set against diverse atmospheres throughout the venue. This endeavour is poised to elevate Thailand's food and tourism sectors, providing a year-round celebration of gastronomic excellence under the "Flavour Gets Its Wing Worldwide" concept, enhancing Thai cuisine's global reputation as a cultural soft power. With the "Phenix" model, the project invites food entrepreneurs, chefs, and influencers worldwide to participate, driving Thailand towards becoming a premier 'Food Ecosystem Destination.'
Domestic tourismspending falls short of target
Business, Narumon Kasemsuk, Published on28/06/2024
» Domestic tourism spending is expected to miss the government's ambitious target of 1.2 trillion baht as local tourists are concerned about the economy and high travel costs, according to the Tourism Authority of Thailand (TAT).