Government spokeswomen said Thailand welcomed almost 10m foreign tourists since Jan 1 to May 15, generating Bt391b revenue, target 7m Chinese tourists this year.
Bad mortgage loans on the up: Lenders asked to assist customers. Non-performing mortgage loans (NPLs) increased in the first quarter of this year due to rising interest rates. Non-performing mortgage loans (NPLs) increased in the first quarter of this year due to rising interest rates, with the Bank of Thailand encouraging banks to help borrowers through debt restructuring. Bangkok Post
BoI posts 77% rise in value: The value of investment in Thailand soared by 77% year-on-year to 185.7 billion baht from 397 project proposals between January and March, with South Korea being the top foreign investor in terms of value in the first quarter, says the Board of Investment (BoI). Foreign investment accounted for 155.2 billion of total investment, a yearon-year increase of 115%. Bangkok Post
Royalist group will gather in front of the US Embassy to demand non-interference in domestic affairs, 1pm
MFP leader Pita said a coalition government under his leadership would not raise the minimum daily wage to Bt450 immediately but would ensure a reasonable increase without causing damage to industry or the economy.
International flight sales to Thailand in 1Q23 surpassed the tally in 1Q19, while the number of searches for Thai outbound flights and foreign accommodation increased 200%, Traveloka.
Government revenue beats target amid growth: The Finance Ministry reported government revenue collection for the first seven months of fiscal 2023 (October to April) exceeded the target by 112 billion baht, mainly contributed by agencies other than the Revenue Department, says Pornchai Thiraveja, director-general of the Fiscal Policy Office. Bangkok Post
FTI sticks with annual car production forecast of 1.95m: The Federation of Thai Industries (FTI) is maintaining its prediction for total car production this year at 1.95 million cars despite a drop in output last month. The number of cars produced in April decreased by 0.13% year-on-year to 117,636 units, attributed to the long Songkran holiday and a decline in domestic sales, especially for pickups, said Surapong Paisitpatanapong, vicechairman of the FTI and spokesman for the FTI’s Automotive Industry Club. Bangkok Post
Metal producers to face new tariffs: EU will impose levy on carbon emitters. Steel and aluminium manufacturers should brace for a new levy on their exports as a result of the EU’s introduction of the Carbon Border Adjustment Mechanism (CBAM) on Oct 1, says the Office of Industrial Economics (OIE). Bangkok Post
Korean firms set to invest B7bn locally: Five South Korean companies are keen to embark on new investment projects in Thailand, ranging from an electric vehicle (EV) business to the construction of a new industrial estate, says the Industrial Estate Authority of Thailand (IEAT). Bangkok Post