TAT predicts 2.3 million for Songkran

The Tourism Authority of Thailand predicts more than 2.3 million foreign and local people will take part in Songkran festivities this year. Twenty billion baht in revenues are expected to be generated with the five-day festival starting April 12 this year. The TAT predicts some 300,000 foreign visitors will arrive for the festival.

Thailand Post has started bank deposit options for ten banks at Post Offices nationwide in a bid to reach upcountry clients. The new [email protected] services will serve as a counter for banks and targets upcountry customers and online shop owners who can deposit their money via Thailand Post branches and counter services. The maximum deposit is 20,000 to 50,000 baht per transaction depending on the terms and conditions of each partner bank. Partner banks include Bank of Ayutthaya, CIMB Thai Bank, Krung Thai Bank, Kiatnakin Bank, Government Savings Bank, Kasikornbank, Siam Commercial Bank, Thai Credit Retail Bank, Tisco Bank and Thai Military Bank. Thailand Post has also started other financial services such as COD through [email protected] Application, traffic ticket payment, and M-Pass top-up service for automatic payments for tollways and expressway.

Exports grew 5.9 percent year on year in February to 678.5 billion baht while imports dropped 10.4 percent year on year to 558.77 billion baht resulting in a large trade surplus. The Commerce Ministry has forecast an export growth of 8 percent for this year after a 6.7 percent increase in 2018. The Bank of Thailand has revised its forecast the GDP rate to 3.8 percent for 2019 and voted to maintain the policy rate at 1.75 percent. The Bank lowered its prediction on the back of softer global demand due to the trade dispute between the US and China.

Work Permit

Any foreigner working in Thailand must obtain a Work Permit before beginning work. While a prospective employer may file an application on the foreigner’s behalf in advance of his starting work, the actual Work Permit will not be issued until the foreigner has entered Thailand in accordance with the immigration laws and has presented himself to receive his Work Permit.

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