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Search Result for “global tourism hub”

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BUSINESS

Phuket up in arms on long‑stay visa

Business, Molpasorn Shoowong, Published on 18/02/2026

» Phuket tourism operators oppose the government's policy allowing foreigners who buy real estate worth 3 million baht to qualify for a long‑stay visa, arguing the investment threshold is too low and could attract "non‑quality" visitors who may engage in illegal activities, as well as risking an increase in property prices, making housing less affordable for local residents.

BUSINESS

Foreign arrivals down 7.6% so far this year 

Reuters, Published on 17/02/2026

» ⁠Thailand's foreign ​tourist arrivals dropped 7.59% year-on-year ​in ‌the period Jan 1 to Feb 15, to ⁠about 5.07 million people, the Tourism Ministry said ‌on Tuesday.

BUSINESS

Council sees tourism as key driver of GDP

Business, Molpasorn Shoowong, Published on 17/02/2026

» The Tourism Council of Thailand (TCT) expects the tourism industry to be a major driver of GDP growth this year as flights and arrivals continue to rebound, though rising untaxed online travel agents and illegal foreign operators continue to limit the full benefits of the rebound.

BUSINESS

Economy has 'left ICU', says finance chief

Business, Wichit Chantanusornsiri, Nareerat Wiriyapong and Somhatai Mosika, Published on 17/02/2026

» Thailand's economy has now "left the intensive care unit [ICU]", reflected in fourth-quarter growth of 2.5%, which surpassed the earlier projection of 1.8% and lifted full-year 2025 growth to 2.4%, above the 2% forecast, said caretaker finance minister Ekniti Nitithanprapas.

BUSINESS

Trat businesses brace for lengthy closures

Jakkrit Waewkraihong, Published on 17/02/2026

» Business operators along the Thai–Cambodian frontier in Trat province are bracing for a prolonged border shutdown, urging authorities to reopen checkpoints while rapidly pivoting toward domestic markets to survive.

BUSINESS

Emerging markets to triumph in 2026

Business, Nuntawun Polkuamdee, Published on 17/02/2026

» 2026 is expected to see a decisive rotation in global asset allocation, with emerging markets (EM) positioned to outperform developed markets (DM) as the US dollar enters a weakening cycle, according to analysts.

BUSINESS

BoI approves B2.3bn heat-assisted storage project for WD unit

Business, Lamonphet Apisitniran, Published on 17/02/2026

» The Board of Investment (BoI) has approved a 2.3-billion-baht research and development project on heat-assisted magnetic recording (HAMR) technology for Western Digital's Thai unit, Western Digital Storage Technology (Thailand) Co (WD), with the aim of achieving hard disk drive capacities exceeding 100 terabytes (TB) by 2029.

BUSINESS

Nomination nightmare for precious metals

Business, Published on 17/02/2026

» The nomination of Kevin Warsh as the new chairman of the US Federal Reserve turned into a nightmare for the precious metals complex on Jan 30. Prices plummeted at an unprecedented pace as speculators who had fuelled the relentless rally started to sell.

BUSINESS

Motorcycle industry targets 2m units

Lamonphet Apisitniran, Published on 17/02/2026

» Thailand's motorcycle industry is setting its sights on producing 2 million units in 2026, driven by expectations of stronger economic conditions, according to the Federation of Thai Industries (FTI).

BUSINESS

Thai economy beats growth estimates

Bloomberg News, Published on 16/02/2026

» Thailand’s economy grew more than expected in the fourth quarter, supported by rising exports, a rebound in tourism and government stimulus measures.