BANGKOK (NNT) – Residents in Bangkok are being encouraged to help separate waste for reuse and recycling in order to reduce the capital city’s expenditure on waste management.According to reports, the
Bank of Thailand forecasts 19 million foreign tourist arrivals in 2023
The Bank of Thailand predicts 6 million foreign tourist arrivals this year and 19 million in 2023 as pandemic-era curbs ease. It also forecasts economic growth of 3.3% this year and 4.2% next year (2023) after seeing 1.5% growth last year.
However, analysts noted slower tourism recovery than expected as Chinese tourists are unable to visit due to stringent travel restrictions that ban outbound and returning travel in China according to so-called “zero Covid policy”.
China accounted for over a quarter of the 40 million foreign visitors in pre-pandemic 2019 figures of Thailand tourism inflow.
However, the Committee also assessed that the Thai economy will expand at 3.3 percent in 2022 and 4.2 percent in 2023 on the back of better-than-expected recovery in domestic consumption, and tourism following the relaxation of border controls in Thailand and other countries.
Meanwhile, the impact of COVID-19 and the conflict between Russia and Ukraine on the Thai economy will be limited. However, the Committee will monitor key risk factors to economic recovery, especially the impact of higher prices on living costs for households.
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Thailand Aims to Become Hemp Production Hub
The government is proceeding with plans to make Thailand a regional manufacturing center for hemp products over the next five years, with the goal of generating at least 25 billion baht in revenue.
According to Industry Minister Suriya Jungrungreangkit, the value of hemp cultivated and harvested in Thailand is projected to grow by at least 20,000 baht per rai, creating more jobs throughout the industry supply chain.
Suriya added that the move is in line with the industry’s expansion, fueled by the relaxation of legal restrictions on commercial hemp in the United States, Canada, Australia, the European Union, China, Japan and South Korea.
According to the industry minister, the global hemp industry was worth 142 billion baht in 2020, representing a 22.4% increase over the previous year. The value is expected to reach 558 billion baht per year by 2027.
Thongchai Chawalitpichet of the Office of Industrial Economics (OIE) meanwhile said the ministry has also tasked his agency with developing an operational plan to support the promotion of hemp as the nation’s newest cash crop. He also said at least four major measures have since been established and are expected to be implemented upon approval by all parties involved.
Source : Thailand Business News
July 23, 2022
Bangkok City Hall lays out 16 operations to combat PM2.5
BANGKOK (NNT) – Bangkok City Hall is now drawing on input from external agencies to address the airborne dust problem in the capital city. The Bangkok governor says the problem should become less seve
Thailand Organic Tourism EP: 4 KHON KAEN and UDON THANI
Within a circle of food creation and consumption, keeping the balance between give and take is a key. While soil fertilized by earthworms gives birth to flourished plants and green grasses to free-range cows, human can appreciate what we take by nurturing and being mindful of the nature. Join a happy herd with us in Thailand Organic Tourism EP4.
#AmazingThailand #ThailandOrganicTourism
The post Thailand Organic Tourism EP: 4 KHON KAEN and UDON THANI appeared first on TAT Newsroom.
SRT Launches Work on New Carriage Prototype
BANGKOK (NNT) – Engineers at the King Mongkut Institute of Technology Ladkrabang (KMITL) have disclosed that they are currently developing a prototype for a 25-seater luxury rail carriage that is expe
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India, Australia and China were the top three countries when measured in terms of M&A deal value in Q2, with India accounting for half of the top 20 deals. South Korea, Indonesia, Malaysia, and Japan were the next top countries that contributed to a surge in M&A deal value.
