Don Mueang Airport expansion on track
The expansion plan for Don Mueang International Airport is moving ahead with completion expected by 2024. Don Mueang continues to see growth in passenger numbers, rising 6.42 percent in 2018. The airport is designed to handle 30 million passengers a year but served 40 million last year, and handled 272,361 commercial flights, 757 flights daily. The airport serves 25 domestic destinations by three carriers, and 68 international destinations by 13 others. The airport expansion. Currently the AOT has been improving facilities at the airport; the expansion of the waiting area at boarding gates, increasing passenger seating, and the introduction of a queuing ticket system for taxi cabs. The airport is currently renovating its 55 restroom, expected to be completed in June this year. The bigger Phase 3 Development plan includes a new international passenger terminal, the renovation of Terminal 1 to a domestic terminal, more parking buildings, expansion and renovation of aircraft parking bays, the renovation of internal roads and traffic system, and the renovation of the infrastructure and facilities.
Asian e-commerce platform V-More is expanding into Thailand after adding more than half a million users last year. The company plans on aggressively pursuing Thai merchants to increase their reach internationally. Local merchants can join the platform which also offers buyers access to 500 marketplace and shopping sites including leading online brands, hotel and flight booking sites, technology as well as food and beverages merchants – and earn rewards as they shop. There are more than 57 million internet users in Thailand, the e-commerce market is valued at US$3.5 billion (Bt111 billion) and is expected to generate revenue growth at 13.2 percent annually, reaching $5.8 billion (Bt184 billion) by 2022.
Consumer confidence grew again in February according to the University of the Thai Chamber of Commerce. The Consumer Confidence Index rose to 82 points in February from 80.7 in January. The CCI registered 79.4 in December, 80.5 in November, 81.3 in October, 82.3 in September and 83.2 in August. The index rose on the back of the upcoming election and the revival of Chinese tourism to the country as well as GDP reports from National Economic and Social Development Council which rose 3.7 percent in the last quarter of 2018, up from a revised 3.2 percent in the third quarter. The UTCC forecasts average 3.8 percent growth this year, or in a range of 3.7-4.2 percent.