The Thai baht has been on a tear as of late, but economists believe that this rising trend may soon come to a halt if there is not a significant increase in the number of Chinese visitors to the Kingdom of Thailand. The value of the baht increased by over 6% versus the US dollar during the course of the past month in response to news that the US Federal Reserve (Fed) would reduce the rate at which it is increasing interest rates. Despite the rise in inflation, a revitalized tourism sector has contributed to the expansion of Thailand’s gross domestic product in the third quarter, which increased by 4.5% when compared to the same period in the previous year. The Thai baht has been overbought as a result of the bullish trends, although it was oversold just two months ago, which is an indication that its value would not…
Posts published in “Thailand”
According to Thaniwan, the increase in the number of tourists visiting Khao San Road comes right in time for the High Season, which is a time of celebration in Thailand as well as a fantastic time for the industry. She also mentioned that sales have returned to where they were in 2019 throughout this week. According to projections provided by the Sports Authority of Thailand, the World Cup would bring in more than 40 billion baht for the country of Thailand. But there is some bad news as well. On the other hand, the police have said that they will be investigating local entertainment places to verify that no football betting is taking place. Phanurat Lakboon, Assistant to the Commission-General of the Royal Thai Police, reported to the media that football betting had transitioned from a paper-based system to an internet betting system. Previously, football betting was conducted using a…
Hotels recovering from the Covid-19 outbreak get financial aid. Thai Cabinet extends low-interest loans till June 2023. Loans were offered to help hotels repair properties after several closed due to the pandemic. This morning’s statement extended the program through June 2023 and loosened several criteria. The move helps SME hotels recover from the pandemic. Many tiny properties have crumbled after three years of closure due to a lack of maintenance and revenue. Friendly conditions on small hotel loans enable firms to reinvest in their buildings as tourism grows. They’re low-interest and postponed. Finance Minister Arkhom Termpittayapaisith approved the extension and earmarked 5 billion baht to reinvest in Thai hotels. The program began in June. Two years of interest-only payments and five years to repay the debts. Government Savings Bank offers loans. The Thai government would pay GSB 2% interest for the first two years, up to 200 million baht. The…
Grab’s development into the provision of digital financial services commences with the launch of “PayLater by Grab” in Thailand. Grab is Southeast Asia’s most successful super app. At a press conference conducted on Wednesday, Worachat Luxkanalode, the country head of Grab Thailand, indicated that the objective of this facility is to provide more payment options for all Grab services on a single bill. According to him, beginning the next month, this post-paid service will provide Grab users with greater freedom, a more seamless experience, and additional rewards. These benefits will cover mobility in addition to on-demand delivery of food, packages, and common products. According to Worachat, “to give a better experience for our users, we’ve developed ‘PayLater by Grab’ beginning with the launch of the post-paid service, which allows Grab users to pay for all services in a single monthly bill.” The first phase in the process of creating the…
In the same year, a leopard cat with injuries dubbed “Happy Tiger” was discovered at the Tsunami Memorial Wall in Phuket. Happy Tiger received therapy from the extraordinarily talented Soi Dog Foundation, but his left eye was already blind. Concerned that he would not survive in the wild, the foundation gave him to the Khao Phra Theaw Wildlife Education Centre in Thalang so he could start a new life there. The Office of Conservation Area 11 posted pictures of a beautiful striped leopard kitten on their Facebook page with the following comment: “We are grateful to the community members who located and returned the leopardcat (Prionailurus bengalensis), a protected species of wildlife, to the employees of the national park after she became lost. The kind citizens of Phetchabun province in northern Thailand were able to aid in the recovery of a baby leopard cat that had strayed from Nam Nao…
Cambodia still depends on the help of its allies, but it may set goals for how to pay for demining projects. Mines were taken out of certain areas at a cost of ten million dollars, but only eight million dollars remain.” If the situation in Covid keeps getting better, fewer people will probably need help. The money saved could be used to pay for demining. Land mines have been taken out of both of Cambodia’s borders with Vietnam and Laos. Prayut Chan-o-cha says that we need to clear more than 40 square kilometers of land that is mined or could be mined before we can start working on a solution to the problem with the demarcation line. Hun Sen says that Cambodia will be completely free of land mines by the year 2025. “If you don’t make a promise, we won’t be able to get rid of all the mines…
BTS Skytrain, a subsidiary of BTS Group Holdings Public Company, sought payment. BTS asserts that the government owes them 40 million Thai Baht. The BTS intends to disgrace the government by broadcasting a message about debt collection for 15 days on all BTS trains and station platforms along Sukhumvit. The operator of the BTS Skytrain has twice reminded the government to pay its debt. The first video was published in April, and the most recent was uploaded on November 21. The 40 million baht debt, according to Amarin TV, is comprised of operations and administrative expenses and electrical and mechanical systems. Keeree Kanjanapas, CEO of BTS, speaks in the debt-collecting video. KEEREE DECLARES, “Third year. 40 million baht in debt. I must pay my employees, rent, and other expenses. The government must act now. Daily curiosity increases. Authorities must consider the consequences of debt. Influences residents Taxes are squandered. It…
According to Deputy Prime Minister Wisanu, the ONCB may inquire about the concerns of the cabinet and other parties, and may also request assistance from the Ministry of Public Health in presenting explanations for any difficulties that may arise as a consequence of the investigation’s findings. Due to the fact that the board does not possess the necessary jurisdiction, the ministerial pronouncements cannot be postponed, suspended, or changed. According to statements made by Anutin, Minister of Health, there is absolutely no possibility that cannabis would ever again be placed in the category of a prohibited substance. According to him, there is zero possibility that this will take place. According to the comments made by Wisanu Krea, ngam has the position of Deputy Prime Minister. The Office of the Narcotics Control Board (ONCB) does not have the authority to change or cancel ministerial proclamations that have been signed by Anutin Charnvirakul…
In recent years, there has been a rise in the number of tourists traveling to explore the flower-rich regions of Thailand. Because there are so many pink lotuses, the lake and swamp of Bueng Boraphet, which is located in the northern region of the province of Nakhon Sawan, are becoming increasingly alluring to visitors. The region of Bueng Boraphet which is today home to a thriving lotus industry spans more than 100 rai. Those who have an interest in flora may contract the services of a private boat operator in order to have a better look at the lotuses. Many people make the journey to the province of Mae Hong Son during this time of year in order to witness the golden flowers that bloom seasonally there. They are mostly going to the Khun Yuam district so that they can witness the stunning Dok Bua Tong blossoms, which are sometimes…
According to Healy, flights between Hong Kong and Chiang Mai will once again commence in the month of January. Hong Kong Express, a low-cost subsidiary of Cathay, will begin operating 22 flights each week to destinations in Thailand, including Bangkok and Phuket. Additionally, the airline will once more begin service to Chiang Mai beginning in the month of December. According to Healy, the aim of Hong Kong to become closer to other countries in the region will be supported by improvements in connectivity in the region. He explained the reasoning behind this by stating that “it is our job to connect Hong Kong to the rest of the world and the rest of the world to Hong Kong.” As a result, we are putting forth a lot of effort to raise our capacity as rapidly as we possibly can. After Cathay’s CEO, Augustus Tang Kin-wing, informed staff members to anticipate…