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The Ministry of Commerce reports that the value of Thai goods exported to the Middle East has continued to grow for a second month at 2.9 percent, with health products being the most popular item. However, the ministry has suggested exporters carefully manage risks presented by exchange rate fluctuations. The Department of International Trade Promotion’s […]
The Tourism Authority of Thailand (TAT) is expecting 3.18 trillion baht (US$105 billion) in overall tourism revenue for Thailand in 2020, or a four per cent year-on-year increase. This includes 2.02 trillion baht from international tourists (up three per cent) and 1.16 trillion baht from domestic tourists (up five per cent). The outlook for 2020 […]
This post is an excerpt of a longer article. Credit cards have become such a simple and integral part of shopping and life generally that it is now entirely possible to go for months and perhaps even years without touching a banknote. You can pay your bills, buy your groceries, dine at restaurants, shop for […]
Thais are spending less than usual, according to a recent poll by Suan Dusit Rajabhat University. The poll asked 1,174 people about their spending habits, of which around 70% stated they’ve cut back on leisure spend, around 40% said they are cooking at home more, around 23% plan their budgets, around 21% try to buy […]
Thailand’s digital economy is projected to explode by 2025, according to a 2016 study conducted by Google and Temasek, a Singaporean investment firm. The study outlines some reasons why the digital economies of Thailand and other Southeast Asian countries could be sitting on a huge powder keg. Thailand’s bricks and mortar shopping culture thrives stronger […]
The Tourism Authority of Thailand (TAT) has launched the Amazing Thailand Grand Sale Passport Privileges project to stimulate travel spending by foreign tourists from now to January 31 next year. The TAT Governor, Yuthasak Supasorn, said the project aims to increase spending by foreign visitors, especially tourists from China, Russia and the UK. The TAT […]
Apart from resolutions to be made by ASEAN leaders at the ASEAN Summit in November, the Thai government will take the opportunity to hold talks with the U.S. regarding the decision to revoke the Generalized System of Preferences (GSP) treatment previously given to 573 Thai products. The Prime Minister Gen Prayut Chan-o-cha said today the […]
Among today’s economic stories, let’s take a look at a model for modern, smart grocery stores which implements technologies for the benefit of management. This model has been developed according to the Ministry of Commerce’s policy to upgrade local stores into smart grocery stores serving as key local economic drivers. The ministry anticipates an upgrade […]
The Department of the Comptroller General plans to launch Phase 2 of the ’’taste, shop, spend’’ campaign, which many restaurants and stores have joined, while the people are advised to get prepared to register and make travel and spending plans to help stimulate the economy by year-end. The Ministry of Finance has already prepared Phase […]
