Thursday, September 19, 2024
Home Blog Page 3663

TATs “The Seasons” documentary series inspires responsible tourism

0

Bangkok, 22 February 2019 – The Tourism Authority of Thailand (TAT) is seeking to inspire environmental, cultural and social awareness among locals and visitors alike by placing responsible tourism at the heart of “The Seasons” travel short documentary series with 12 episodes uploaded and available for viewing on the TAT Newsroom from now until October 2019.

TATs The Seasons documentary series inspires responsible tourism
From Left: Mr. Kitsana Kaewtumrong, TAT Executive Director of the Advertising and Public Relations Department; Mr. Pipat Apirakthanakorn, owner of ECOSHOP&Brand O and KidKid; Mr. Tanes Petsuwan, TAT Deputy Governor for Marketing Communications; H.E. Weerasak Kowsurat, Minister of Tourism and Sports; Mr. Charun Ohnmee, TAT Deputy Governor for Policy and Planning; and Mr. Dwight Turner, Director of Courageous Kitchen, at the press launch of “The Seasons”.

H.E. Weerasak Kowsurat, Minister of Tourism and Sports, said: “Responsible tourism plays a pivotal role in conserving nature for future generations, and sustainability is everyone’s responsibility. While Thai people will be encouraged to ensure the beauty of our natural and cultural heritages, visitors will be inspired to travel more responsibly and respect Thailand’s nature and culture.”

The Seasons is a unique documentary series that tells stories of the way of life of the Thai people, and the amazing scenery of 12 natural attractions in different seasons and regions. Four episodes have already been released: “Into the Rainforest”, “The End of the Cliff”, “The Highest Faith” and “Gone in the Mist”. The next episode, “The Sea of Lives,” is scheduled for March.

Mr. Tanes Petsuwan, TAT Deputy Governor for Marketing Communications, said: “Each episode of The Seasons represents either one of Thailand’s three seasons: rainy, cool, and summer, while focusing on responsible and sustainable tourism to educate the public, students, media, tour operators and related agencies….

Read the complete story here

Thailand’s real estate outlook for 2019 brings new level of uncertainty – Real Estate

0

Higher interest rates, mortgage curbs and the unknown effects of the general election are among the risk factors for the local market, says CBRE

Danish physicist and Nobel laureate Niels Bohr famously quipped that “prediction is very difficult, especially if it’s about the future”. 

However this year will bring significant changes in the Bangkok property market, slower growth in many sectors and an incoming wave of new supply, according to CBRE, the international property consultancy.

The race for increasingly rare sites is still hot with the increase in land prices and scarcity of freehold land in prime locations.

However, with new regulations on the horizon and a new Bangkok City Plan scheduled to take effect in 2020, developers are taking a step back to assess the situation.

New regulations and uncertainties

 The real estate market will face a series of challenges, including a higher policy interest rate, tighter mortgage regulations, and the need to prepare for the expected introduction of the new city plan and a land and property tax in 2020.

As well, the general election on March 24 will have an effect on the economy and the progress of infrastructure projects.

Challenges in exports and tourism

Two key economic drivers of the economy, exports and tourism, will face challenges this year.

It’s still uncertain whether US-China trade tensions will have a negative or positive impact on Thailand’s export industry.

Meanwhile, winning back Chinese tourists remains the biggest hurdle for the tourism industry since the sinking of a tour boat off Phuket that killed 47 Chinese visitors last July.

Chinese tourists in Pattaya
Chinese tourists are back in Pattaya

Data on arrivals during the recently concluded Chinese New Year period will be watched closely as an indicator of…

Read the complete article on Thailand Business News

Thailand expects 41m tourists in 2019 – Thailand Business News

0

For 2019, the country expects 41.1 million tourists to spend 2.21 trillion baht. The number of visitors from China alone is projected to rise 11% to 11.69 million.

Neither the maritime tragedy of Phuket that killed 47 people in the summer, nor the toxic cloud that has stifled Bangkok for a month seems to have an effect on tourism figures in Thailand.

For 2019, the country expects 41.1 million tourists to spend 2.21 trillion baht. The number of visitors from China alone is projected to rise 11% to 11.69 million.

Tourism has now become a key engine of growth for Thailand, but managing the influx is also challenge amid growing environmental pressure and crowded roads and international airports.

“The 41 million is a projection from the current trend, if we actually really reach that level, I’ll have a headache.”


Tourism Minister Weerasak Kowsurat

Arrivals are projected to climb about 8% from last year’s 38.3 million, the Tourism Ministry said in a briefing Monday in Bangkok.

Read the complete story on Thailand Business News

Discovering ancient Lamphun and the Hariphunchai Kingdom

0
Discovering ancient Lamphun and the Hariphunchai Kingdom
Wat Phrathat Hariphunchai

Lamphun was the capital of the Hariphunchai Kingdom and the northernmost city of the Mon Kingdom of the Dvaravati period, and in 1281 was brought into the new Lanna Kingdom by King Mengrai of which Chiang Mai was made the capital. In the late 19th century, Lamphun became part of Siam.

Lamphun is most often visited as a day trip from Chiang Mai although it certainly warrants an overnight stay. It’s a 40-minute drive south from Chiang Mai passing through the exotic Northern Thai countryside and, if one takes the old Highway 106 route, along what’s known as the Rubber Tree Road. Much as the name suggests, a stretch of the road is lined with lofty rubber trees along both sides and makes for a pleasant photo opp.

Discovering ancient Lamphun and the Hariphunchai Kingdom

Ancient Lamphun and Hariphunchai Tour

Once in Lamphun town, the provincial seat, the first place to visit for many is Wat Phrathat Hariphunchai, the province’s most famous temple. Its earliest origins date back to around 897 when the king of Hariphunchai is said to have had what is now the central stupa built to house a hair strand of the Buddha. Legend has it that the Buddha visited this area and in the temple compound’s southwestern corner there are footprint indentations said to be his.

While Wat Phrathat Hariphunchai’s central stupa is from the 9th century, the temple compound was built during the 11th century. There was restoration work carried out in the mid-15th century, and then in the 1930s, renovations were done under the Buddhist monk Khruba Sriwichai, a Lamphun native who in his lifetime was involved in the repair and construction of over 100 temples, roads and other projects.

Along with its two chedis, Wat Phrathat Hariphunchai – upon which Chiang Mai’s famous Wat Phrathat Doi Suthep temple was modelled – has a 19th century library, several Buddha images including one from the 15th century, and an enormous bronze gong said to be the largest in the…

Read the complete story here

Scaling up in Asia Pacific’s logistics sector – Real Estate

0

Industrial transaction volumes in the first three quarters of 2018 (~USD 19.2 billion) are 29% higher than in the same 2017 period

Platform and entity level deals, capital partnering and joint ventures, and portfolio transactions are becoming increasingly common in Asia Pacific’s logistics sector.

The reasons why are simple – logistics sector fundamentals are strong, future growth prospects are positive, and accessing and getting scale in many markets across Asia Pacific are relatively difficult.

Investment sentiment in Asia Pacific is positive

Industrial transaction volumes in the first three quarters of 2018 (~USD 19.2 billion) are 29% higher than in the same 2017 period (~USD14.9 billion)[1]. Portfolio deals comprised an increasing number of these transactions.

In the first three quarters of 2017, there were an estimated 26 industrial sector portfolio deals[2]. This rose to an estimated 33 portfolio deals over the same period in 2018. Finalisation of Mapletree Logistics Trust’s acquisition of CWT International’s five Singapore assets for around USD 532.1 million made it one of the largest portfolio deals this year.

Nonetheless, the opportunity to acquire core, stabilised, direct industrial real estate is relatively limited.

A significant amount of capital remains unplaced, with many investors finding it difficult to meet mandated targets. This in part has led to a rise in entity level deals (M&A), capital partnering and joint ventures.

A number of M&As have concluded recently across the region, including the ESR-REIT/Viva Industrial Trust merger, the first successful M&A in Singapore’s REIT sector. Capital is also partnering with owners and developers.

For example, CPPIB has teamed with Australia’s Goodman Group to acquire and develop…

Read the complete article on Thailand Business News

TAT sponsors Siam Society conference on protecting Asia’s cultural heritage

0

Bangkok, 30 January, 2019 – The Tourism Authority of Thailand (TAT) was proud to be one of the co-sponsors of a major international conference organised at the Siam Society between 25-26 January, 2019, on the theme “Heritage Protection: The Asian Experience”.

The conference brought together thinkers, professionals and practitioners in the field of cultural heritage protection from Thailand and 12 Asian nations for two days of thought provoking discussions on how best to preserve and conserve cultural heritage within the context of the sweeping economic, technological, and social changes occurring across Asia and the world.

TAT sponsors Siam Society conference on protecting Asia's cultural heritage

The organiser was the Siam Society, set up in 1904 under Royal Patronage to promote knowledge of the culture, history, arts and natural sciences of Thailand as well as those of neighbouring countries. The Society’s activities are guided by its motto: “Knowledge Gives Rise to Friendship”.

TAT Governor Mr. Yuthasak Supasorn said: “TAT was proud to join the Thai Ministry of Culture and PTT Global Chemical PCL as a sponsor of what clearly turned out to be a ground-breaking event in considering issues of cultural heritage protection in Asia.

“We were glad to see that the linkage between tourism and cultural heritage came up repeatedly during the discussion. This is exactly in line with our marketing concept of “Open to the New Shades”, which is based entirely on Thailand’s ability to welcome people of all cultures.

“We will be taking careful note of the conclusions and recommendations in formulating our future tourism development and marketing strategies, especially in promoting the new generation of emerging destinations around Thailand,” he added.

According to the Siam Society, the conference was designed to provide a platform for Asian speakers to describe cultural heritage from an Asian perspective, recognising the diversity of cultures and cultural heritage…

Read the complete story here

Thailand extends Free visa-on-arrival until 30 April 2019 – Tourism, Travel, Visa

0

The Tourism Authority of Thailand (TAT) as announced that the Royal Thai Government has approved the extension of the visa-on-arrival fee waiver for citizens of 20 countries until 30 April.

The decision was announced in the Royal Thai Government Gazette on 11 January, reasoning it as a measure to stimulate and promote tourism as well as to enhance the kingdom’s attractiveness among foreign visitors during the high travel season.

Mr. Yuthasak Supasorn, Governor of the Tourism Authority of Thailand (TAT), said the continuation of the stimulus visa-on-arrival measure came at a perfect time as Thailand is set to celebrate Chinese New Year in February and the Thai New Year (Songkran) in April.

List of countries eligible for the visa-on-arrival fee waiver until 30 April

Citizens of Andora, Bulgaria, Bhutan, China including Taiwan, Cyprus, Ethiopia, Fiji, India, Kazakhstan, Latvia, Lithuania, Maldives, Malta, Mauritius, Papua New Guinea, Romania, San Marino, Saudi Arabia, Ukraine and Uzbekistan will be exempted from the 2,000 Baht visa-on-arrival fee for the purpose of touring in Thailand for not more than 15 days.

Chinese New Year celebrations are huge in Thailand, and this year will mark the 15th anniversary of cooperation between TAT, the Ministry of Culture and Tourism of the People’s Republic or China, and the Chinese Embassy in…

Read the complete story on Thailand Business News

Ballooning unsold inventory casts shadow on Thai Property Market – Real Estate

0

A total of 454,814 residential units across the country were left unsold last year, with a total value of US$ 41 billion, according to Sopon Pornchokchai, president of the Agency for Real Estate Affairs.

The supplies in the Bangkok Metropolitan Region constituted 40% of the total units available and 55% of the total value.

These supplies included detached houses, semi-detached hoses, townhouses, shophouses, condominiums (owner-occupied apartments) and residential land subdivision catered by formal private housing developers in Thailand.

Bangkok has the largest unsold supply

The largest unsold inventory were in Bangkok with a total number of units of 91,600 units (20% of the total).  Chonburi in the east was the second with a total supplies of 34,400 units (8%) followed by Nonthaburi (32,700 units, 7%), Samut Prakan (25,300 unites, 6%) and Pathum Thani (22,600 units, 5%).

As a whole, the first five cities constitute some 45% of the total units left for sale as of end 2018  which would be entered into 2019; whereas, the Bangkok Metropolitan region (Bangkok and other five vicinity provinces) constituted 40% of the total supplies.

Considering the average price at USD 89,578, it was considered cheaper than that in Hanoi, Hochiminh City, Kuala Lumpur and Phnom Penh which were over USD 136,000.

 However, this average price would still be higher than that in Jakarta and Manila which were below USD 80,000.  Actually, there is no housing shortage in Thailand.  Most of the household can afford a house in an open market.


Sopon Pornchokchai,
President of the Agency for Real Estate Affairs

But the Bank of Thailand is concerned about the risk of weaker demand for condominiums from foreigners, Chinese buyers in particular, as the global economy slows, the central…

Read the complete article on Thailand Business News