Thai Govt Sets Eyes On Tourism As Extra Revenue Earner

[webfact]

Govt sets eyes on tourism as extra revenue earner
By English News



BANGKOK, May 21 – Thailand's Q1 gross domestic product (GDP) at 5.3 per cent compels the government to speed up economic stimulation to achieve a 5 per cent growth for this year, according to Deputy Prime Minister/Finance Minister Kittiratt Na-Ranong.

He said this year’s exports should also expand by 7.5 per cent.

The deputy premier said he will propose in today’s cabinet meeting a tourism strategy to boost the country’s revenue as another channel to stimulate the economy.

The Tourism and Sports Ministry, the Tourism Authority of Thailand and other concerned state agencies will be consulted on the strategy, he said.

He said public agencies and state enterprises should accelerate their procurement for government projects within this month to speed up state investment.

Regarding a reduction of the policy interest rate to help stimulate the economy, Mr Kittiratt said it would depend upon the Bank of Thailand' Monetary Policy Committee decision, while the Finance Ministry would be ready to amend laws, if required, to contribute to applying proposed measures.

The Bank of Thailand (BoT) recently proposed four measures to rein in the surging baht and tackle the kingdom’s economy. Some of the measures need Finance Ministry assistance to amend some legislation. (MCOT online news)


-- TNA 2013-05-21

[Neilly]

The deputy premier said he will propose in today’s cabinet meeting a tourism strategy to boost the country’s revenue

Let me guess...increase airfares and hotel prices

[Thongkorn]

Put the Living wage up for Thai workers, then put up all the living costs. like rice, Cloths, ext, ext, LIKE THEY HAVE JUST DONE. Just sort the baht out, as I have said before there are Thai factory's closing because they have no orders, because the exchange rate on the baht is to strong. There are Now 1.000,000, Burmese in Sahmut Sahkon. all taking Thai workers jobs , because they are exploited and on cheaper wages than the THAI WORKERS.

[rubl]

Why does the Deputy Prime Minister/Finance Minister Kittiratt Na-Ranong need to propose in todays cabinet meeting a tourism strategy to boost the countrys revenue as another channel to stimulate the economy?

Doesn't the chap know that in March the PM already urged us on this?
http://www.thaivisa.com/forum/topic/627804-yingluck-urges-t-a-t-to-attract-more-high-end-tourists-into-thailand/

[Thai at Heart]

He said this years exports should also expand by 7.5 per cent.

But i thought the baht was destroying exports.

[Thai at Heart]

He said this years exports should also expand by 7.5 per cent.

But i thought the baht was destroying exports.

[rubl]

He said this years exports should also expand by 7.5 per cent.

But i thought the baht was destroying exports.

Probably foreigners have finally realised and understood that Thai rice is indeed worth it's price, and are now almost begging to be allowed to buy some of it

[Thai at Heart]

He said this years exports should also expand by 7.5 per cent.

But i thought the baht was destroying exports.

Probably foreigners have finally realised and understood that Thai rice is indeed worth it's price, and are now almost begging to be allowed to buy some of it

I don't think rice makes up 7% of all exports in Thailand.

But you see, despite the baht exports are still growing on the whole.

[A Member]

With the political situation on a knife edge another long hot summer of protests will do wonders for tourism other than in the falsified official figures of course. There's nothing the government can do about the yellow shirts bit at least they can try and keep their red thugs on a tight leash although it's starting to be a little bit more difficult.

[allan michaud]

He said this years exports should also expand by 7.5 per cent.

But i thought the baht was destroying exports.

Probably foreigners have finally realised and understood that Thai rice is indeed worth it's price, and are now almost begging to be allowed to buy some of it

I don't think rice makes up 7% of all exports in Thailand.

But you see, despite the baht exports are still growing on the whole.

It doesn't say that at all. Anyway, year on year rises depend on how <deleted> the previous year was. The end of 2011 and early 2012 was terrible for exports so a 7% rise on that figure is not very good at all. It would be interesting to know how it compared to the previous year.

[bigbamboo]

Got to recover all that money lost in rice speculation somehow.

Edited May 21, 2013 by bigbamboo

[Mosha]

OP ->

[givenall]

Why not, let the foreigner pay the mounting debt

[Soutpeel]

Why not, let the foreigner pay the mounting debt

Yeah why not...lets start by increasing the the visa fee's and money required for pensioners to live in Thailand...

[Yunla]

They don't need extra revenue, they need to stop the incoming money being syphoned off by corruption. And they need a new approach to managing the resources they've got, including workers and raw materials/products, and environmental protection.

Tourists already love Thailand and the climate, this nation sells itself & doesn't need anyone to sell it harder. It just needs honest leaders who will uproot corruption, fix the infrastructure and clean things up. That will benefit Thai people and visitors alike. But that requires backbone and foresight, which PTP have neither of. We are still waiting for our first female PM to arrive, because this one is just an automaton not a PM, and we are waiting for a political hero to lead with courage. People go on holiday and don't want to see criminals in political office, they want to feel secure in the knowledge that they are travelling in a modern progressive democracy.

Edited May 21, 2013 by Yunla