1. Industry upbeat on outlook for H2: Asia-Pacific still lags the globe as travel restrictions take a bite. The aviation industry is finally seeing signs of optimism as it tries to rebound from a major crisis, although the recovery path appears to be uneven across the globe, particularly in Asia-Pacific as a result of remaining restrictions. Bangkok Post
  2. Airlines cleared to reinstate two China travel routes: Thailand is ready to welcome the return of Chinese tourists after Thai airlines were allowed to resume operating two flights between the countries each week for the first time since onset of the pandemic. Bangkok Post
  3. Thailand is ready to welcome the return of Chinese tourists after Thai airlines were allowed to resume operating 2 flights between the countries each week for the 1st time since onset of the pandemic.
  4. State funds will be used to subsidise internet service providers to place roadside telco and broadcast cables underground in BKK, Digital Economy and Society Minister said.
  5. The BOT estimates the global econ will slow down next year, but not dip into recession amid attempts by central banks worldwide to contain higher inflation rates.
  6. World Bank views Thai uptick at 2.9%: Thailand’s economy is expected to expand by 2.9% in 2022, unchanged from a forecast in April, supported by private consumption and a tourism recovery, according to the World Bank. Bangkok Post
  7. May MPI up 7.64% due to reopening: Thailand’s Manufacturing Production Index (MPI) in May rose by 7.64% from the preceding month to 98.05 points thanks to the reopening of the country, but the index slightly decreased by 2.11% year-on-year. Industry Minister Suriya Jungrungreangkit attributed the increase to further relaxing of travel restrictions that led to more tourist arrivals, as well as easing of other Covid-19 measures. The reopening of the country helped increase the number of foreign visitors, eventually boosting business activities and the domestic economy. During the first five months of this year, the MPI increased by 0.75% to 101.08 points. In May, capacity utilisation stood at 62.4%, up from 58.5% in April. Bangkok Post
  8. Thailand could accommodate five casinos – one in each of its five regions – according to the House committee studying the feasibility of opening such entertainment complexes.
  9. BoT demonstrates economic gains despite inflation spike: Private consumption, investment rising. Thailand’s economy has continued to rebound, reflected by better signals in the May economic data, despite a sharp spike in the inflation rate, according to the Bank of Thailand. The economy in May improved from the previous month, with indicators of private consumption and private investment increasing in line with an uptick in economic activities. External demand also performed well, attributed to the export and tourism sectors, central bank senior director Chayawadee Chai-Anant said yesterday. Bangkok Post
  10. China loosens curbs on travel: The Tourism Council of Thailand (TCT) is more optimistic about Chinese travellers returning after the country slashed its quarantine length in half and gave Thai airlines permission to resume two flights to China per week. TCT vice-president Vichit Prakobgosol said even though hopes of a full return of the Chinese tourist market remain limited, with only a 50% chance China’s quarantine will be scrapped by December, the loosening of restrictions is the most positive sign in more than two years. Bangkok Post

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