Chinese New Year and Valentine’s Day spending to reach over B60bn

 

 

Spending by the people to celebrate the upcoming Chinese New Year and Valentine’s Day next week will rise over 60 billion baht, said the Economic and Business Forecasting Center of the University of the Thai Chamber of Commerce.

 

Centre director Thanawat Polwichai said a recent survey on spending during the upcoming Chinese New Year festival on Feb 14-16 indicates that more than 56.86 billion baht in cash flows will be generated which is a 3.5% increase over the previous year.

 

Most of the spending will be for religious offerings, Ang Pao (red envelope) cash gifts, clothing and travel.

 

Full story: http://englishnews.thaipbs.or.th/chinese-new-year-valentines-day-spending-reach-b60bn/

 

 

-- © Copyright Thai PBS 2018-02-10

This is indeed good news for all, as things are only looking better.

 

 

"According to the University of the Thai Chamber of Commerce (UTCC), Thailand is currently reaching the highest rate of household debts in 8 years, with debts averaging around 119,000 baht per family."

 

If you cannot take their hearts and minds.....take their houses and their land.