38 mil foreign tourists to Thailand

Thailand welcomed 38 million foreign visitors last year, raking in more than two trillion baht from tourism. Tourism and Sports Minister Weerasak Kowsurat, says the government’s tourism measures have contributed to a 21% year-on-year increase in the country’s tourism revenue as Thailand generated 2 trillion baht last year and saw no fewer than 38 million…

FPO expects 4% economic growth this year

FPO expects 4% economic growth this year

The Fiscal Policy Office reports that last year’s economic growth could hit the 4.1% mark, expecting the Thai GDP to expand at a rate of 4% this year. Estimating last year’s economic figures ahead of an official announcement, Director of the Fiscal Policy Office (FPO), Lawaron Sangsanit, said today that Thailand’s 2018 GDP growth would…

Thai PM enacts his Article 44 powers to suspend cannabis patents

Thai PM Prayut Chan-o-cha has stepped in amid growing controversy over patents for medical marijuana. Critics of the process complain that the high number of patent applications from abroad shows that foreign pharmaceutical corporations were already trying to monopolise Thailand’s fledgling medical-marijuana business. The NCPO leader has used his Article 44 powers to authorise suspension…

Thailand poised to break through 40 million arrivals in 2019

Thailand poised to break through 40 million arrivals in 2019

Thailand welcomed a record 38.27 million tourists in 2018. That’s up 7.5 percent from 2017 arrival figures. The Thai tourism ministry announced the figures this morning. In December, tourist arrivals amounted to 3.85 million. The ministry is also expecting the number of tourists visiting Thailand in 2019 to increase by another 7.5 percent. For 2019, the ministry…