The Phuket News Premier League predictions The Phuket News Kata Rocks The Phuket News
The Phuket News Business News
The Phuket News Phuket | Thailand | World | Business | Q&A | Weird World XML, RSS, Feed
The Phuket News The Phuket News
The Phuket News

Songkran spending projected to hit B132bn

BANGKOK: Robust economic growth and a fervor for Thai tradition have led to estimates that over B132 billion will circulate this Songkran holiday, the highest figure in 13 years.

tourism, culture, economics,


National News Bureau of Thailand

Friday 13 April 2018, 10:20AM


Thanawat Polwichai from the University of the Thai Chamber of Commerce predicted Songkran spending this year to reach a record B132 billion. Photo: NNT
Thanawat Polwichai from the University of the Thai Chamber of Commerce predicted Songkran spending this year to reach a record B132 billion. Photo: NNT

Director of the Center for Economic and Business Forecasting at the University of the Thai Chamber of Commerce, Thanawat Polwichai, reported the findings of a survey into Songkran consumption that found 81.5% of respondents intend to travel and spend more this year than last.

Up to B132 billion is expected to be circulated during the holiday, 3.5% up from last year and the highest amount in the 13 years the survey has been conducted, Mr Thanawat said.

The record spending was attributed in part to the 5-6 day holiday as well as the recent popularity of a Thai period soap opera.

However, Mr Thanawat warned that economic growth in Thailand has been concentrated in particular areas with the agricultural sector still suffering from slumping prices.

He projected overall growth this year at between 4.2-4.6% on the back of tourism and exports, as well as government investment which is to bring about clear results in the third quarter.

Asked who they would most like to perform the Songkran water pouring ritual on, members of the public chose Prime Minister Gen Prayut Chan-o-cha in the politician category and Thonawat Wattanaphum and Bella Ranee of Bupesannivas fame in the celebrity category.

Read original story here.

 

 

 

The Phuket News
The Phuket News
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.
Comments Here:

Comments Left: Characters
Username:
Password:
E-mail: (No Hotmail, Live, MSN and Outlook accepted at this time)
Security:
   => Forget password?

Be the first to comment.

The Phuket News
The Phuket News The Phuket News The Phuket News
The Phuket News
Share this
The Phuket News
Have a news tip-off? Click here
The Phuket News
Related stories
The Phuket News
Phuket community

Recent Comments


Phuket Governor opens fire over pollution

A few years behind the times, but do not exspect anything to be done...(Read More)


Phuket fishing operators protest EU regulations

MARLINK INMARSAT C1-4 MIGRATION-IMPORTANT ACTION REQUIRED FOR INMARSAT C USERS the Inmarsat-3 (I-3) constellation of satellites are reaching the end...(Read More)


Phuket Marine chief blasts Paradise Beach ‘black water’ claim as fake, other beaches still suffer

So the black water in your pictures is Freedom Beach? It's not at all clear, but IS ugly as hell. Also how did they get to the beach to inspec...(Read More)


Phuket fishing operators protest EU regulations

".....restricting fishing of each vessel to 255 days per year". I doubt very much if this is an EU Requirement. For restrictions on net dra...(Read More)


Phuket Governor orders ‘autopsy’ on Songkran Seven Days road-safety campaign

Thai are fascinated by producing paper lists, time after time. For what? They themselves not analyse the by themselves produced facts during many year...(Read More)


Female drug dealer arrested in Phuket with over 4,000 ya bah pills, 100g of ya ice

Good work from Thalang Police, take this [xxxxxx] away from the road and young people....(Read More)


Phuket fishing operators protest EU regulations

There is no slavery in the Thai Fishing Industry & never was. Fake News. Yes, the VMS & filling out a Daily Fishing Log Book is necessary. Bee...(Read More)


6.7% of those reporting for draft are drug users

Wow, that is something. Would it be reasonably to expect that the thai army has drugs addicts among their ranks? Many could get the habit after joi...(Read More)


Alibaba B11bn investment promises quick results, says Prayut

Promise results by end of 2019? Who believes that promise? Why any result showing will take 20 months? By than you not hear anymore of this. Who th...(Read More)


Phuket Airport to close runway, taxiway for maintenance

Riding often in aircrafts on Phuket airport run- and taxiways, feel and see their 'status', I like to ask who is responsible for the bad quali...(Read More)

The Phuket News
PHUKET NEWS
Phuket
Thailand
World
Business
Q A
Weird World
ARCHIVE
POLL
CURRENCY
WEATHER
PHUKET TIDE TABLE
The Phuket News PHUKET LIFE
Phuket Arts
Phuket Community
Phuket Culture
Phuket Dining
Phuket Education
Phuket Entertainment
Phuket Environment
Phuket Health
Phuket People
Phuket Technology
Phuket Travel
World Entertainment
Photo Galleries
The Phuket News PHUKET SPORT
Phuket
Thailand
World
SURF REPORT
PREDICTIONS
The Phuket News PHUKET CLASSIFIEDS
Phuket Buy and Sell
Phuket Jobs
Phuket Property
Phuket Cars and Boats
Phuket Community
Phuket Services
SEARCH CLASSIFIEDS
POST CLASSIFIED
The Phuket News The Phuket News PHUKET EVENTS
Phuket Event listings
Phuket Event calendar
Buy Tickets
POST EVENT
The Phuket News PHUKET DIRECTORY
Phuket Bars, pubs and clubs
Phuket Hotels and villas
Phuket Restaurants
Phuket Yellow Pages
POST LISTING
The Phuket News BARGAINS
The Phuket News ABOUT US
The Company
Distribution points
Subscribe
Advertise with us
Pay for advert
Contact us
CONTESTS
Content Google Map
Site map
Australian Visa Services
 
Currency - The Phuket News   Weather Report - The Phuket News   Surf Report - The Phuket News
LinkedIn - The Phuket News   Twitter - The Phuket News   YouTube - The Phuket News   Facebook - The Phuket News
Copyright © 2018 Class Act Media. All rights reserved. | Website usage terms and conditions | Privacy and Confidentiality Statement.