Although Thailand’s tourism industry faced some headwinds in 2018, with the world economy slowing and a boat disaster in Phuket, the country still remains a hugely popular destination. The total number of foreign tourists from the top 10 countries is now accounting for a total of 26.3 million people, or 69% of arrivals in Thailand.…
The Deputy Prime Minister of Thailand has revealed that the total amount of investment promotion application in 2018 reached 901,770 million baht, which exceeded the original target by 25%. Investment applications in the EEC accounted for more than 680,000 million baht. Deputy Prime Minister Dr. Somkid Jatusripitak said after a meeting with the Board of…
Thanks to Thailand’s walloping US$207 billion of foreign reserves, Thai baht’s climb of about 5% against the dollar in the past six months is the strongest in the world, according to data compiled by Bloomberg. This may be good news if you plan to travel abroad, but not so good if your business is exporting…
The Board of Investment of Thailand (BOI) has laid out strategies to boost the development of rail services and the country’s cruise tourism. Duangjai Asawachintachit, BOI secretary general, says the latest BOI meeting chaired by the Prime Minister had resolved to instigate measures to attract investment in rail development and related infrastructure for continued economic…
Thailand’s Digital advertising market spend is poised to reach 124 billion baht in 2019. That’s a growth of nearly 5%. But newspapers, magazines, Cable TV and radio are on the nose as marketers stick with terrestrial TV and ramp up their digital portfolios. “Digital media is expected to grow 20% and is will nearly equal…
Indian men have been paying up to 10,000 Baht to Thai women for a marriage license. Thairath is reporting that Immigration chief Lt Gen Surachate Hakparn says, “Many Thai women have been paid to get married with Indian men without any intention of a physical relationship.” “Indian men are using the marriage license as a…
Thailand ranked number 10, or fourth country of the Asean block after Malaysia, the Philippines and Singapore Malaysia has been crowned as the best country in the world to invest in or do business for 2018, according to the CEOWORLD magazine. Poland took silver, followed by Philippines (No. 3), Indonesia (No. 4), and Australia (No.…
After a strong start to the year, which saw the economy expand by 4.9% and 4.6% year-on-year (y-o-y) in the first and second quarters, respectively, growth moderated to 3.3% in the third quarter, according to November figures from the National Economic and Social Development Board (NESDB). Seasonally adjusted, the third quarter showed no increase from…