Kasikorn Bank’s head of capital markets research believes domestic and foreign forces will keep the baht and global money markets unstable. CIMBT official says higher policy rate is related to global inflation. K Bank expects that if tourism increases at the end of the year, the baht may move back to 35 per dollar. The MPC is expected to raise the policy rate to 1.25 percent in November, boosting the baht. CIMBT hopes a strong tourism revival can save and rebuild Thailand’s economy, like many in the government and private sector. As more tourists come to the country, inflation should reduce as the economy stabilizes and GDP grows. CIMBT recently raised its projection for GDP growth by the end of the year from 3.1% to 3.2%. That would boost the baht and keep it near 37 baht to the dollar, but it’s a temporary fix; the baht will plummet in…
Posts published by “Lara”
Indians and Australians have been among the top tourists to Phuket in recent months (120,000 from May to September) (around 60,000 visitors between May – September). Year after year, travelers are drawn to Phuket by the spectacle of “Masongs” (human receptacles for Taoist gods) cutting their cheeks with pointed objects and by the mouthwatering cuisine. The Taoist celebration, which blends vegan food and self-mortification, will take place from September 25 to October 4. Russian tourists, who in the years before the pandemic grew to be the island’s second-largest international source market, continue to be a source of lost revenue for Phuket. The tourism sector in Phuket is on the upswing as Thailand’s High Season approaches. According to Deputy Governor Pichet Panapong, Phuket has received four million domestic and foreign visitors so far in 2022, generating 66 billion baht for the local economy. International arrivals in Phuket are still just 40%…
Only 78 people have been infected by the BQ.1.1 variety, which was initially identified in the UK last month; nonetheless, those instances have already spread to ten different nations. The Public Health Ministry highlighted that populations who consistently receive vaccinations will have higher immunity to prevent any reappearance of the coronavirus and now advises a gap of around four months between each new vaccine booster. It is anticipated that the new, extremely contagious strain could proliferate swiftly and overtake the prevalent Covid variety in the world, the BA.5 strain. They also warned that the schedules for the next routine vaccinations can change if circumstances change, and the ministry is revising its estimates of how many vaccines to buy after initially projecting 80 million shots for the coming year. The destiny of the virus’ containment or spread in the upcoming months remains to be seen with Thailand gradually discontinuing vaccine passports…
TAT’s primary target demographics include business trip groups, senior citizens, independent travelers, female friend and family groups, and outdoor adventurers. Longer journeys will be rewarded with savings on services like hotels and spas, according to Yuthasak. In the final three months of the year, TAT will launch a new collaboration campaign named “It’s Time to Go to Thailand,” according to TAT Governor Yuthasak Supasorn. In order to generate 75 billion baht, TAT hopes to bring at least 1.25 million Japanese tourists to Thailand in 2023. After Thai VietJet announced the addition of flights to both the Bangkok-Fukuoka route to Japan, word of this campaign broke. The Thailand Tourism Authority wants to increase the number of Japanese visitors. TAT intends to exert pressure on seven significant travel operators to get Japanese visitors to stay longer in Thailand. Beginning on October 1, Thai VietJet will operate five weekly flights, Monday through Saturday,…
It’s one of Thailand’s road safety initiatives. Schoolchildren and other residents in Phuket’s Wichit neighborhood received helmets on Wednesday. Two months ago, Thailand’s eastern Trat area staged a helmet campaign. Traffic police and the deputy chief of the Trat Provincial Police delivered free helmets to bikers in July. Pornthep wants authorities to wear helmets and observe other driving restrictions. 2020 had 21,052 accidents, 2021 11,138. All government branches, educational and medical institutions, regional and municipal administrative entities, and child development facilities. Thailand’s roadways are hazardous. Officials in Phuket urged Thai motorcyclists to use helmets. Authorities also painted the hospital’s walkway. Phuket Provincial Office of DPM organizes the campaign (DDPM-Phuket). Thailand is the second-most dangerous country to drive in, says a driver education platform. He underlined how many careless drivers wrecked Phuket. “These are 100% helmet-wearing places, and technology will assist strong law enforcement,” Pornthep said. 20% of accidents involved motorcycles,…
More than half of Thailand’s 80,000 e-cigarette users are between 15 and 24, according to a 2013 poll. WHO called e-cigarettes “hazardous” and demanded tighter regulation to protect children and teens. Over 10,000 people have joined Right2Switch’s petition to preserve consumer rights. We ask Thailand to follow the evidence. Our nation continues to follow WHO’s erroneous advice, putting us in a small group. Vaping is safer than smoking and the best way to help people quit. Former smoker vaping saved my life. E-cigarettes should be legalized and regulated. 50,000 Thais die annually from smoking. Thailand’s harsh vaping prohibitions would increase smoking-related illnesses and deaths. It’s crazy that e-cigarettes are now widely supported in Thailand. The Coalition of Asia Pacific Tobacco Harm Reduction Advocates (CAPHRA) noted Asia’s progress toward safer nicotine products from tobacco-based cigarettes. Public health minister Anutin Charnvirakul said earlier this month that e-cigarette imports must be banned to…
From Tuesday to Thursday, Noru is anticipated to bring sporadic heavy rainfall to northern and northeastern Thailand (September 27-29). Between Monday and Thursday, sailors should exercise caution in the Andaman Sea and the upper Gulf of Thailand. The Mun River breached its banks yesterday, causing chest-high flash floods in Ubon Ratchathani province, forcing over 1000 residents to flee their homes. After a continuous rise in water level in previous months, the river eventually overflowed. On Friday at around 1 pm, a tropical depression to the east of the Philippines grew into a tropical storm. This weekend, a monsoon is anticipated to bring torrential rain to all of Thailand before Noru arrives in the nation. On Sunday, Noru is predicted to hit land in the Philippines before tearing through the South China Sea. On Tuesday, Noru is anticipated to hit northern and northeastern Thailand. This week will likely bring heavy rain…
Health officials have described the situation as more of an endemic than a pandemic, and the Thai government has been planning for some time to transition to a post-pandemic era. At that meeting, it was also determined that isolating those with minor or no signs of the virus was unnecessary. However, those with “dangerous” stages of leprosy or tuberculosis, symptomatic elephantiasis, third-stage syphilis, and disorders associated with drug addiction are still prohibited from entering. New precautions would be implemented based on the inhabitants, visitors, and affected individuals. Such interventions consist of encouraging sick individuals to continue wearing face masks and to increase hand washing and social isolation for five days. Those with chronic alcoholism are likewise prohibited from entry. Today, Public Health Minister Anutin Charnvirakul announced the revisions following a meeting with the National Communicable Disease Committee. Two days ago, the cabinet removed the virus from a list of prohibited diseases…
Buddhists from Buddhism Protection for Peace (BPP) in Thailand met yesterday in front of the CP Tower on Silom Road in Bangkok to deliver a message to the company’s executive board addressing the labeling of halal products. Internet users in Thailand suggested that demonstrators target the government organization that benefits from the introduction of halal labels rather than Muslims or convenience retailers. Praphat asserted that “Islamic laws and rules exploit our Buddhist faith.” Buddhists must preserve their own religion and declare that they do not demand goods to be labeled as halal. Since it doesn’t affect us, we shouldn’t have to pay more for the halal label. Businesses must go through the process, which treats each product separately, every year.An article on Krua.Co claims that Thailand has the largest selection of halal products in the entire world. Furthermore, according to Long Tun Man, Thailand is the largest importer of halal…
The country’s sinking currency is increasing inflationary pressures, according to Finance Minister Arkhom Termpittayapaisith, who also promised to investigate if the decrease is related to the nation’s economic fundamentals. According to Arkhom, the Finance Ministry has limited authority because the Bank of Thailand controls monetary policy. In order to determine if the baht is degrading too quickly and how its value loss is harming the economy, businesses, and consumers, a joint analysis will be conducted during the planned discussion. In the meantime, it’s been claimed that the government has put in place a number of steps to lower high energy prices in an effort to aid companies in controlling their production expenses. Since July 2, 1997, the baht has not been fixed to the US dollar. Numerous factors influence the value of the currency, and the ministry will speak with the Bank of Thailand to determine which ones are responsible…