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EXIM Bank forecasts Thai exports growth as high as 4 per cent in 2021

EXIM Thailand President said that the Bank has forecasted Thai export growth of as high as 4%in 2021 attributable to a short-term recovery of global trade and economy from a low base of -10%.

Such growth may not be so high as that in 2019 and tends to slow down in the current context and amid the increasing international restrictions.

Coupled with the opportunities for Thai export to new frontiers less affected by the COVID-19, Thai economy tends to recover faster than several countries around the world.

According to IMF, of 195 countries/territories, 60 countries/territories or only around 1/3 of all those countries/territories will record 2021 GDP higher than or equal to that in 2019.

This has reflected the tendency of these countries’ consumer behavior and demand for import of goods to return to normalcy.

Among those countries/territories, nine are top 20 export markets of Thailand which are China, Malaysia, Indonesia…

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Thais encouraged to travel more to help stimulate economy

BANGKOK (NNT) – With more public holidays coming up in November and December, the government is encouraging people to travel to different parts of the country and use the government’s spending stimulus measures.

As of November 8th, the government’s We Travel Together campaign had 2,275,361 accommodation and 1,828,842 air ticket privileges for travelers.

40 percent discount

The campaign offers eligible applicants a 40-percent discount on rooms, limited to a maximum of 3,000 baht per room per night, with the subsidy capped at 10 rooms or 10 nights. They will also receive food and travel coupons worth up to 900 baht per day.

When tourists travel by air, the government will refund 40 percent of the ticket price. The Tourism Authority of Thailand (TAT) is considering ways to offer more convenience to travelers, while encouraging more people to take part in this campaign.

2000 baht for medical personnel

The government’s Ka…

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Thailand to begin first month of foreign visitor arrivals

BANGKOK (NNT) – The kingdom will this month begin to open up to more groups of foreign visitors.

On October 8th, the kingdom will be receiving its first group of foreign visitors, as the country gradually opens itself through the issuance of the new Special Tourist Visa (STV), permitting foreign visitors up to 270 days in the kingdom.

The first group will comprise 150 Chinese visitors who have scheduled a charter flight from Guangzhou to Phuket. There are also another seven international business operators coming to Thailand on the same day.

Foreign Ministry Deputy Spokesperson, Natapanu Nopakun shared that following the first flight, the kingdom will be receiving other special flights this month, mostly bringing in a hundred or so people on each flight.

14-day quarantine required

All inbound passengers will be screened upon arrival and transported to each individual’s chosen hotel for the required 14-day quarantine. Prio…

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