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Sunbelt Asia Business News

Sunbelt Asia offices will be closed for Songkran on Friday April 13 and Monday April 16. The offices will reopen for regular business on Tuesday April 17.

Last week the Cabinet approved a 3.5 billion baht budget to finance land acquisition for the high speed rail line linking Don Mueang, Suvarnabhumi, and U-tapao International Airports. The cabinet also approved a further 108 billion baht is allocated for the rail link. The entire route will be about 220 km long and the trains should run at a speed of 250 km an hour. It is expected that the train will take about 45 minutes from Bangkok to U-tapao for a cost of 330 baht. Most of the rail line will be built along an existing route operated by the State Railway of Thailand and trains in the inner city will run at a lower speed of 160 km an hour. Makkasan Station, currently a station on the Airport Rail Link that connects with the MRT system will serve as the central station for the high-speed train. The government is expected to sign a joint-venture contract in December and the train is expected to become operational in 2023.

The Airports of Thailand Public Company Limited (AOT) said last week that six major airports across the nation will see an 11.9 percent year on year increase in air travel between April 11th and 17th for the Songkran New Year holiday. The number of passengers is expected to grow 14.4 percent year on year to around 430,700 passengers per day. Suvarnabhumi will see the highest volume with more than a 1,000 flights and almost 200,000 passengers each day. Don Mueang will see the second highest volume and is expected to see passenger growth jump 21.8 percent compared to the same period last year.

The Tourism Authority of Thailand predicts that nearly 20 billion baht in tourism revenues will be generated during the Songkran holiday period, an 18 percent increase from the same holiday period last year. Foreign tourists are expected to reach 530,000 arrivals and generate 9.3 billion baht in revenues while domestic tourism is predicted to grow 12 percent year on year generating 10 billion baht in revenues, a 15 percent rise. The rise in domestic tourism is due to tax incentives, the extension of holiday period and increased domestic flights to meet high demand during Songkran.

The use of data via mobile phones reached six times the same amount from four years ago in 2017 as Thais used a total of 3.3 billion gigabytes (3 million terabytes) of mobile internet data in 2017. Each user used an average of 4.11 gb of data a month on average. According to the to the National Broadcasting and Telecommunications Commission (NBTC) voice calls dropped from 70.72 billion minutes in 2014 to 43.46 billion minutes last year and the duration of those calls dropped from four minutes per day in 2014 to 2 minutes in 2017. There are 121.53 million mobile numbers in use in Thailand, with 53.05 million numbers registered with AIS, 36.05 million registered with TRUE, 30 million with DTAC, 2.32 million with CAT, and 0.11 million with TOT.

Business News

Apr 22 2018 >> Domestic and foreign tourism numbers up for Songkran
Apr 15 2018 >> World Bank raises GDP forecast to 4.1 percent
Apr 7 2018 >> Foreign arrivals, domestic tourism expected to grow this Songkran holiday period
Mar 30 2018 >> New banknotes and coins to be issued April 6
Mar 24 2018 >> Thailand receives 7.1 million foreign visitors in January and February
Mar 18 2018 >> Jump in tourists expected for Songkran holiday
Mar 10 2018 >> Thai government will develop West Coast for high-end tourism
Mar 3 2018 >> New rules for landlords with 5 or more properties
Feb 24 2018 >> Tourism revenues grew over 10 percent in January
Feb 18 2018 >> Thailand is the Least Miserable Economy in the world
Feb 11 2018 >> Bangkok voted Best Destination City in Asia Pacific
Feb 3 2018 >> Thailand first in top countries to do business
Jan 26 2018 >> New business registrations reach 5 year high in 2017
Jan 20 2018 >> Applications for new 4 Year Smart Visa begin on February 1
Jan 14 2018 >> Thailand expects 400,000 Chinese tourists during Chinese New Year
Jan 6 2018 >> Consumer Confidence Index at 35 month high
Dec 30 2017 >> New 4 year professional Smart Visa expected to take effect this month
Dec 23 2017 >> Business registrations jump, exports reach 6 year high
Dec 17 2017 >> Applications for BOI priviliges in EEC rise
Dec 9 2017 >> E-commerce tax to be enforced for overseas companies
Dec 2 2017 >> New Minister of Tourism and Sports to focus on local communities
Nov 25 2017 >> BOI applications up, BOI privileges extended for the EEC
Nov 19 2017 >> Construction of first leg of high speed rail to Nong Khai expected to start next month
Nov 12 2017 >> Thai government plans to implement more reforms to ease doing business
Nov 4 2017 >> Thailand jumps to 26th in the World Bank's Ease of Doing Business report
Oct 28 2017 >> Women now make up 52% of visitors to Thailand
Oct 21 2017 >> Sunbelt Asia joins the nation in mourning HM King Bhumibol Adulyadej
Oct 14 2017 >> Low cost carriers expanding, tourist arrivals up
Oct 8 2017 >> New smartphone app for BOI work permit applicants
Oct 1 2017 >> Bangkok most visited city in the world
Sep 24 2017 >> International tourist arrivals up over 8 percent in August
Sep 16 2017 >> Pattaya tourism up 15 percent from last year
Sep 10 2017 >> Low cost carriers to expand routes once ICAO red flag lifted from Thai carriers
Sep 2 2017 >> New excise taxes to take effect September 16
Aug 27 2017 >> New Immigration auto-gate entry for Singaporeans at Suvarnabhumi
Aug 19 2017 >> Cabinet approves new 4 year visa for skilled professionals and investors
Aug 12 2017 >> Report ranks Thailand best country to start a business
Aug 5 2017 >> Economy grew in June due to export, tourism growth
Jul 29 2017 >> FPO predicts 3.6% GDP growth, 4.7% export growth
Jul 23 2017 >> Employment office to consider relaxing restricted occupations
Jul 14 2017 >> Thailand 3rd most competitive country in ASEAN
Jul 9 2017 >> New regulations for migrant workers delayed 6 months
Jul 1 2017 >> PM urges measures to soften strict new punishments on illegal foreign workers
Jun 25 2017 >> New 10 year retirement visa takes effect
Jun 10 2017 >> New forex regulations to ease investment overseas and FET requirements
Jun 2 2017 >> BOI announces two new categories for special promotion
May 27 2017 >> Thailand in top ten worldwide for social media use
May 20 2017 >> No VAT rise government confirms
May 14 2017 >> Tax deadline for in person payment May 30
May 7 2017 >> Thailand 4.0 and the food industry

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