Economy and industry
Thailand’s new strategies to attract foreign investors unveiled
The Thai Board of Investment (BoI) on February 14 unveiled its strategies to attract foreign investors over the next three to five years.BoI Secretary-General Narit Therdsteerasukdi said the board’s strategies are in line with the country’s long-term socio-economic development plans and they support manufacturing and ...
Cabinet endorses B300 visitor fee to improve standards
The cabinet yesterday approved the collection of a 300-baht tourism fee from foreigners visiting Thailand by air, along with a 150-baht fee for visitors by land or sea, expected to start in June this year. Foreigners visiting Thailand on day trips that do not include ...
Bangkok Post Reporter
Inflation slowing, no need for big rate hikes - central bank
Thailand’s inflation will likely slow down this year and there is no need for the central bank to raise interest rates aggressively like other countries, Bank of Thailand (BoT) deputy governor Mathee Supapongse said on Wednesday. Policy normalisation will be gradual and will not affect the ...
Bangkok Post Reporter
Air e-tickets usher in era of digital IDs
Passengers are now allowed to use digital IDs to verify their identity when boarding domestic flights. Traisulee Taisaranakul, deputy government spokeswoman, said the use of digital IDs had been permitted by the Civil Aviation Authority of Thailand following the rollout of the D.DOPA mobile application.Keep reading ...
Bangkok Post Reporter
Fifth round of subsidies for domestic tourism begins next month: TAT
The timeline for the fifth phase of the government’s domestic-tourism promotion campaign – which provides subsidies to hoteliers and tourists to encourage travel – will run from early March till the end of April, the Tourism Authority of Thailand (TAT) announced on Friday.The fifth phase ...
The Nation Reporter
Thai consumer confidence at 25-month high in Dec as tourism recovers
Thai consumer confidence rose for a seventh straight month in December, reaching a 25-month high, boosted by improved economic activity and higher foreign tourist arrivals, a survey showed on Thursday.The consumer index of the University of the Thai Chamber of Commerce rose to 49.7 in ...
Thai central bank expects virtual banks to start operations in 2025
Thailand’s central bank expects virtual banks to begin operating in the second quarter of 2025, it said in a statement on Thursday.The Bank of Thailand said it plans to propose giving licences to three operators for virtual banks, but may open this up for additional ...
Signs of economic slowdown alarming
The Thai government, businesses, and citizens are cherishing the news of returning Chinese tourists with the first group of 286 passengers who arrived on Monday. The Tourism Authority of Thailand estimates that 5 million Chinese tourists will visit our country this year, bringing with them ...
Thailand considering diesel tax cut extension despite easing fuel crisis
The Finance Ministry is considering whether to extend the excise tax cut of 5 baht per litre of diesel, which is due to expire on January 20. The tax cut was originally imposed last year to suppress soaring pump prices during the fuel crisis, which ...
Asia Pacific ahead of the curve in using data, AI, analytics in healthcare: Philips report
Healthcare leaders throughout the Asia Pacific (Apac) region are looking to data and predictive technologies as the foundations of their future healthcare systems, the Philips Future Health Index (FHI) 2022 report revealed.The report outlined data and staffing challenges for healthcare in Apac, as the region’s ...
The Nation Reporter
