Having endured the ravages of the pandemic for >2 years, Phuket’s tourism is bouncing back, welcoming >2.3m visitors and raking in at least Bt127b in tourism revenue during 10M22.
FTI target FY23 vehicle production within 1.85m-1.95m units from 1.75m FY22, supported by EV incentive & subsidy package offering to auto makers & buyers, eased pressure from chips shortage and improved domestic consumption on higher confidence.
Decline in second-hand units offered for sale in Q3: REIC attributes drop to rise in transfers. A yearon-year increase was likely because owners and buyers accelerated transactions in order to benefit from the measures which ended on Dec 31, 2022. VICHAI VIRATKAPAN Acting director-general, Real Estate Information Center. The number of second-hand residential units offered for sale nationwide dropped in the third quarter last year as the expiration of two property measures — a cut in transfer and mortgage fees and the easing of loan-to-value (LTV) limits — occurred at the end of 2022. Bangkok Post
Joint Gulf plan moves closer: Thailand, Cambodia to tap gas resources. The government is set to go ahead with a long-awaited joint development of petroleum resources in an energy-rich area in the Gulf of Thailand claimed by Thailand and Cambodia, according to government sources. Bangkok Post
Oil Fund mulls second B30bn loan: Money needed to settle debts. The Oil Fuel Fund Office (Offo) is considering seeking an additional 30-billion-baht loan within March to repay debts incurred by using the fund to subsidise diesel and liquefied petroleum gas (LPG) prices. Bangkok Post
Operators predict Thailand to draw 20m visitors in 2023: Thailand is expected to attract more than 20 million foreign arrivals this year after securing 11.8 million in 2022, according to the newly re-elected president of the Tourism Council of Thailand (TCT). Bangkok Post
Association of Thai Travel Agents (Atta) said an influx of Chinese tourists is unlikely during the upcoming CNY holiday as not enough flights can be added in such a short amount of time, while large tour groups are still awaiting an official announcement from Chinese govt.
Thailand is expected to attract >20m foreign arrivals this year after securing 11.8m in 2022, according to the newly re-elected president of the Tourism Council of Thailand (TCT).
Deputy Finance Ministry Santi Promphat supports revising the contract for the high-speed railway linking three airports to take into account the impact from Covid outbreaks on the bid winner, a CP Group-led consortium.
Rate poised to slow to 2-3% in 2023: Thailand’s inflation rate is expected to slow to 2-3% this year after soaring to a 24-year high last year, driven mainly by rising energy prices. The Commerce Ministry yesterday reported headline inflation, gauged by the consumer price index (CPI), rose by 6.08% in 2022 from a year earlier, which was close to the projection (between 5.5%-6.5%, with an average of 6%). The main contributors were rising energy prices following limited production controlled by oil-producing countries and the Russia-Ukraine war which led to a tight supply of energy and finally high domestic prices of fuel, electricity and liquefied petroleum gas. Bangkok Post