BANGKOK (NNT) – The Monetary Policy Committee (MPC) of the Bank of Thailand (BoT) has voted to maintain the benchmark rate at 0.5%.
Piti Disyatat, MPC Secretary, made the announcement following the committee’s latest meeting on Wednesday. The interest rate had been at 0.5% since May 2020.
He said that the MPC expects inflation to come in above target this year before returning to its 1-3% target range next year.
He said that the Thai economic recovery will remain intact in 2022 and 2023. This is despite the impacts of sanctions against Russia which led to higher energy and commodity prices and a slowdown in external demand.
While sanctions on Russia have increased the costs of goods, they will not derail the overall recovery path, the MPC said, adding it would focus on supporting the recovery.
Additionally, the BoT lowered its 2022 economic growth forecast to 3.2% from the 3.4% predicted in December, but raised its headline inflation forecast to 4.9% from 1.7% seen previously. It now predicts inflation will slow to 1.7% in 2023.
The central bank also lowered its economic growth forecast for 2023 to 4.4% from 4.7%.
Chiang Mai, 1 April, 2022 – The Tourism Authority of Thailand (TAT) has organised the ‘TAT/TG Amazing New Chapters Mega FAM Trip’ in which some 80 travel agents, media, and key opinion leaders (KOLs) from around Asia and the South Pacific are being introduced to new tourism products and services on offer in Chiang Mai and Phuket.
The trip takes place from 21 March to 2 April, 2022, with participants from Mongolia experiencing the fam trip’s programme in Phuket from 21-29 March. Meanwhile, participants from ASEAN – Cambodia, Lao PDR., Malaysia, Singapore, Philippines and Vietnam; East Asia – Japan, South Korea, and Taiwan; South Asia – Maldives, India, Sri Lanka and Pakistan, and the South Pacific – Australia are on the programme in Bangkok and Chiang Mai from 28 March to 3 April.
Mr. Tanes Petsuwan, TAT Deputy Governor for International Marketing – Asia and South Pacific, said, “This fam trip corresponds with the ‘Visit Thailand Year 2022: Amazing New Chapters’ tourism campaign, which aims to show Thailand’s readiness to welcome back tourists. At the same time, with Thailand reinstating the TEST & GO entry scheme again since 1 February, TAT is taking this valuable opportunity to proactively stimulate key markets in Asia and the South Pacific and boost tourism to the kingdom.”
The ‘TAT/TG Amazing New Chapters Mega FAM Trip’ project is aimed in particular at the digital nomad, responsible tourism, and health and wellness market segments from Asia and the South Pacific.
The strategically planned fam trip programme will enable participants to update themselves on the multitude of tourism offerings in the destinations they visit, and thus better be able to sell Thailand in their home markets.
Participating travel agents will also have the opportunity to meet with over 40 Thai tourism operators for business negotiations and attend key Thai tourism briefings at a workshop and table-top sales event to be held in Chiang Mai on 1 April. Handmade souvenirs and other products from local manufacturers will also be on sale at the event to further promote tourism and generate income for the local community.
The post ‘TAT/TG Amazing New Chapters Mega FAM Trip’ showcases Chiang Mai and Phuket appeared first on TAT Newsroom.
BANGKOK (NNT) – The Department of Energy Business has reported that fuel consumption in Thailand has risen in the first two months of 2022.
According to Department of Energy Business director-general Nantika Thangsuphanich, fuel demand has increased 13.9 percent to 153 million liters per day between January and February 2022. The surge was due to increased travel and business activity following the government’s easing of lockdown measures in order to revitalize the economy.
Diesel consumption increased by 18.1 percent to an average of 77 million liters per day, up from 65.1 million liters per day. Gasohol demand increased by 2.1 percent to 29.51 million liters per day, while unleaded gasoline consumption decreased by 14 percent to 0.61 million liters per day.
LPG consumption increased 7.7 percent year on year to 17,230 tons per day. Its growth in the cooking gas segment was 0.2 percent, while LPG consumption for polymer manufacturing, transportation, and industries increased by 14, 10, and 8.2 percent, respectively.
Meanwhile, fuel imports have increased 12.5 percent to 1.03 million barrels per day, with crude oil imports accounting for almost 960,000 barrels per day, a 6.7 percent increase. The value of crude oil imports also increased by 83 percent to 83.7 billion baht per month.
We’ll take you on an educational journey to learn more about this important field. Today, we discuss ‘what are the duties of the Department of Livestock Development when it comes to animal health. If
The financial institution said in a statement that Thailand, a $544 billion economy before the pandemic hit, needs an innovation-led growth model. It added that the Kingdom needs to address existing foreign investment constraints in order to create better jobs and become a high-income nation.
BANGKOK (NNT) – PTT Public Co Ltd, the state-owned oil and gas giant, has suggested that the government and private sector establish “Team Thailand” to promote the Electric Vehicle (EV) segment. The aim would be to help promote Thailand as the “Detroit of Asia” in EV production.
Dubai, 27 March, 2022 – The Tourism Authority of Thailand (TAT) presented Thailand’s innovation approach on digital tourism in line with key strategies under the ‘Visit Thailand Year 2022: Amazing New Chapters’ tourism campaign at the Global Tourism Forum (GTF) 2022: Dubai Blockchain for Travel, which was held yesterday (26 March).
Mr. Nithee Seeprae, TAT Deputy Governor for Digitalisation, Research, and Development, highlighted Thailand’s readiness on digital tourism during the GTF 2022’s session 5 on Blockchain Technology a Bridge to Smart Tourism. Also sharing knowledge at the session were Ms. Sumaira Isaacs, CEO of the World Tourism Forum Institute, and Ms. Angela Gerekou, President, Greek National Tourism Organisation, with Ms. Neslihan Gündeş, Director of Partnerships and Board Affairs, World Tourism Forum Institute, as the session’s moderator.
Mr. Nithee said as the world exited the COVID-19 pandemic, TAT launched the ‘Visit Thailand Year 2022: Amazing New Chapters’ tourism campaign with the aim to revitalise and transform Thai tourism towards stronger and sustainable, more responsible, more digital, and more inclusive tourism growth in response to the growing trend under the new normal.
“There is opportunity in every crisis. The Coronavirus pandemic hit Thai tourism particularly hard, but it has also brought unprecedented digital transformation that now plays a pivotal role in accelerating the country’s tourism ecosystem to quality and sustainability. As such, TAT is adopting ‘smart tourism’ in our strategy aimed at elevating Thai tourism’s competitiveness, while promoting Thailand as a remote workers friendly destination among tech savvy travellers and digital nomads,” Mr. Nithee said.
TAT’s innovation approach on digital tourism is based on 3 key factors.
Firstly, TAT is placing emphasis on domestic Thai tourists by sharing knowledge and building trust on the readiness of Thailand’s digital tourism. A ‘Durian Farm Virtual Tour’ platform was recently launched to allow tourists to visit a farm in the virtual world and purchase real fruit to be delivered to them. Similar projects are underway to create personalised experiences in the Metaverse virtual world and pave the way for the utilisation of cryptocurrency. In addition, TAT is looking at utilising a Non-fungible Token (NFT) to promote Thai tourism through digital art starting with local wisdom products; such as, paintings, graphics, videos, and music.
Secondly, still focusing on creating greater awareness on Thailand’s digital tourism among domestic Thai tourists, TAT has initiated a “Thailand Holideals” project on holideals.tourismthailand.org, offering special tourism packages, privileges, and tour promotions from tourism businesses up and down the country that can be purchased using a digital token, thus making it the first time in Thailand that a digital token can be used for tourism products and services.
Thirdly, TAT is promoting Thailand as a remote workers friendly destination by placing emphasis on a new generation of international travellers, including the digital native, Gen Z, and digital nomads. This is in response to a growing trend in light of the Coronavirus pandemic whereby people work remotely and enjoy a vacation. This group of travellers are moving to cryptocurrency payments, and among several projects underway, a TAT NFT will be introduced to enhance the international awareness of local Thai arts and crafts.
About GTF 2022
The Global Tourism Forum (GTF), the World Tourism Forum Institute (WTFI)’s premier flagship, is an international collaboration platform focused on addressing the challenges for the travel industry. Through this event, the WTFI aims to be at the forefront of this revolution by presenting new options to a new generation of travellers with an alternative way to purchase travel and all opportunities with blockchain revolution. Several high-profile speakers and influencers will be attending the event from both the ecosystems, including Mr. François Hollande, former President of France, Mr. Taleb Rifai, Secretary-General of the World Tourism Forum Institute and former Secretary-General of the UNWTO, and Mr. Michael Gebert, Chairman of the European Blockchain Association. For more information, visit: https://www.globaltourismforum.org/dubai-blockchain-for-travel/.
The post TAT showcases digital transformation of Thai tourism at Global Tourism Forum 2022 appeared first on TAT Newsroom.
