Thailand is allowing visa-free entry for tourists from India and Taiwan from November 10 to May 10 in a bid to attract more visitors during the high season. The country is also considering a permanent visa exemption for Chinese tourists to increase arrivals. Thailand’s tourism sector, which heavily relied on Chinese visitors before the pandemic, […]
Thailand’s exports increased in September for the second consecutive month, driven by higher shipments of agricultural and agro-industrial products. Rice shipments to South Africa and Indonesia played a significant role in the growth, but key markets like the US, Japan, and the EU remained sluggish. Overall, exports rose by 2.1% to $25.47 billion compared to […]
The Israeli-Palestinian conflict is not expected to have a significant impact on Thailand’s tourism and merchandise exports. Thailand’s economy is expected to recover through private consumption and the service sector, with an increase in international tourists and a rebound in exports. Inflation in Thailand is expected to accelerate, and the policy interest rate is predicted […]
Thailand plans to allocate $16.5 million towards promoting its tourism industry during the peak season. The allocation will be used for marketing campaigns, festivals, inter-regional travel, and extending visa-free regimes and stay durations for certain markets. The government also aims to collaborate with airlines for joint tourism promotions and extend entertainment venue hours in popular […]
Thailand’s Board of Investment (BOI) has approved investment promotion applications worth 41 billion baht (USD1.1 billion) for projects including electric vehicles, renewable energy, data centers, and travel infrastructure. Bangkok BOI Approves Investment Applications Worth $1.1 Billion The Thailand Board of Investment (BOI) has recently approved investment promotion applications worth a total of 41 billion baht […]
The 7th High-Level Dialogue on ASEAN-Italy Economic Relations aimed to strengthen ties through discussions on supply chain improvement, climate change, and digitalization. Asean-Italy Economic Relations Strengthened at High-Level Dialogue The 7th High-Level Dialogue on “ASEAN-Italy Economic Relations” recently took place, co-hosted by the Ministry of Foreign Affairs, the European House-Ambrosetti, and the Embassy of Italy […]
ASEAN has emerged as a rapidly evolving economic hub with strong GDP growth projected at 4.6%. Its diversity and young population contribute to its strength, and the region prioritizes innovation and inclusivity to fulfill its potential as a global economic center. ASEAN’s Economic Growth Potential When looking at drivers of economic growth, ASEAN is a […]
Indonesia’s investment report highlights sectors ripe for foreign investment, such as local smelters for nickel reserves and becoming a global producer for electric vehicle batteries. In H1 2023, foreign investment reached $23 billion and domestic investments reached $20.4 billion. In 2022, foreign investment totaled $43 billion, with notable sectors including processed nickel exports and electric […]