THE PAVILIONS PHUKET BRITISH INTERNATIONAL SCHOOL, PHUKET
THE PAVILIONS PHUKET BRITISH INTERNATIONAL SCHOOL, PHUKET Kata Rocks
The Phuket News Novosti Phuket Khao Phuket

Login | Create Account | Search


Asarnha Bucha holidays expected to bring B6.7bn boost to economy

Asarnha Bucha holidays expected to bring B6.7bn boost to economy

BANGKOK: People are expected to spend some B6.7 billion on leisure trips and merit-making activities during the Asarnha Bucha and Buddhist Lent holidays this year (today and tomorrow, July 16-17), a 3.5% increase on last year, Thanawat Pholwichai, Director of the University of Thai Chamber of Commerce’s Center for Economic and Business Forecasting, has announced.

economics
By National News Bureau of Thailand

Tuesday 16 July 2019, 10:11AM


Of those travelling during the holidays, an average of B4,514 per person is expected to be spent on domestic trips, with those travelling abroad spending an average of B21,600 per person, Mr Thanawat said. Photo: NNT

Of those travelling during the holidays, an average of B4,514 per person is expected to be spent on domestic trips, with those travelling abroad spending an average of B21,600 per person, Mr Thanawat said. Photo: NNT

On average, people will spend B803 on merit-making and B1,845 on festivities, Mr Thanawat said.

Of those travelling during the holidays, an average of B4,514 per person is expected to be spent on domestic trips, with those travelling abroad spending an average of B21,600 per person, he added.

Favorite international destinations during the holidays include Japan, Taiwan and Laos, he added.

“Though the public holidays are not provided over the course of five consecutive days, many people planned a day off on the Monday,” he said.

QSI International School Phuket

Though most people are still worried about the costs of living and the increased prices of goods, the new government is expected to take economic stimulus measures with some B50-100bn circulated in the second half of this year, noted a report by state news agency NNT.

“Besides, the government’s policies for farm goods and state welfare cards are expected to favor low-income earners and encourage them to spend,” the report added.

The consumer confidence index in the second half of this year is expected to rise due to the new government’s economic stimulus policy, the NNT report noted.

Read original story here.

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

CAPTCHA

Be the first to comment.

Have a news tip-off? Click here

 

Phuket community
5.8 tons of krathong cleared from Saphan Hin lagoon

Surly all the Baht offerings on the krothongs were collected as well. I would hope it was donated ...(Read More)


Krathong girl makes thousands on floats

"BTW,did she have a license to trade?" Oh dear ! Astonishing what some expats are concerne...(Read More)


Hong Kong tourist rescued at Merlin beach remains in coma

And of course...once again, the Phuket "official" had to wash his hands of responsibility ...(Read More)


Kata project to transform ‘wastewater canal’ into eco-tourism attraction

Turning that filthy canal into a tourist attraction ? Probably it's more easy to turn water into...(Read More)


Army hunts Yala checkpoint attackers

CS, you really need to know your history, google "The Anglo-Siamese Treaty of 1909 or Bangkok T...(Read More)


Krathong girl makes thousands on floats

Lovely story. But hang on a minute, was she "extorted"? Certainly she was entrapped, but t...(Read More)


THAI hopes to pare losses to B2.2bn

'Talking the losses the last 6 weeks of 2019 down from B10 bn to B2.2 bn? Wow. Load factor at ...(Read More)


Phuket officials crunch numbers to stave off island water-shortage crisis

I have idea for a better more reflecting poster: A tap with just a few drops falling out, and with...(Read More)


‘Copyright agents’ face arrest warrants for krathong floats ‘sting’

Mhh, thinking about it, it is time the police raid shops in Patong again for confiscating copy brand...(Read More)


Phuket Opinion: Can we please have a moratorium on stupidity, shame?

Well DeK, I have heard something too! That the enormous air pollution in Thailand has more and more ...(Read More)