The Thai economy began to show signs of recovery in the second quarter of this year, with the production sector shrinking at a slower pace and increasing overseas purchase order, according to the Fiscal Policy Office (FPO). FPO-Director-General Somchai Sajjapong said that private consumption and exports showed signs of improvement from earlier contraction, but private [...]
In the eyes of many Phuket does not need more tourists, but needs richer tourists instead. In fact they say it needs the ultra-rich. One of the reasons for this argument is that one really high-end visitor spends as much as 50 package tourists but puts only 1/50 of the strain on the infrastructure. And [...]
Despite the political turmoil, Thailand continues to have one of Southeast Asia’s most competitive economies. Thailand rose one place to 26th in the latest IMD World Competitiveness Yearbook (WCY), a ranking of the world’s 57 most competitive economies. Thailand’s improved ranking in the WCY comes on the heels of the ‘2009 World Bank Ease of [...]
The board of AoT (Airports of Thailand Plc.) approved a 7,79 billion Baht plan for the expansion of Phuket International Airport.After the expansion Phuket airport’s handling capacity will double to 12,5 million passengers per year by 2013.The expansion will address crowding at Thailand’s second busiest airport and meet the expected rise in air traffic demand [...]
