Economic ministers have approved 40 million THB for a campaign to rejuvenate confidence in Thailand’s hosting of international meetings.

According to deputy government spokesperson Watchara Kannika, the mentioned budget was decided from Thailand Convention and Exhibition Bureau’s (TCEB) proposed 200 million THB.

Bangkok dowtown riots
Thailand's operators of international meetings, incentives, conventions and exhibitions (MICE) industry suffered up to more than one billion baht in losses.

The move comes following a two-month political row, where the international meetings, incentives, conventions and exhibitions (MICE) industry suffered up to more than one billion baht in losses. The economic ministers agreed on three projects to boost the MICE market, such as meetings for leaders and executives, a meeting to strenghthen the MICE industry and a meeting to support and attract workers.

The economic minister also assigned the Public Relations Department to be in charge of inviting press and foreign businessmen to hold meetings in Thailand.

According to President of TCEB Akapol Sorasuchart, TCEB will also propose a roadmap to the Cabinet in August to launch Thailand as a regional hub for MICE.

via TCEB given THB 40 bn to boost MICE industry : National News Bureau of Thailand.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Moody’s affirms Thailand’s Baa1 rating and keeps outlook stable

The affirmation of the Baa1 ratings reflects Moody’s expectations that Thailand will continue to display economic resiliency to future shocks, underpinned by its large and diverse economy and strong macroeconomic policy effectiveness.

In 2020 Asia will have the world’s largest GDP. Here’s what that means

In 2020 Asia’s GDP will overtake the GDP of the rest of the world combined. By 2030, the region is expected to contribute roughly 60% of global growth. Asia-Pacific will also be responsible for the overwhelming majority (90%) of the 2.4 billion new members of the middle class entering the global economy.

APAC region records 119% QoQ growth in M&A deal value in Q2 2022

India, Australia and China were the top three countries when measured in terms of M&A deal value in Q2, with India accounting for half of the top 20 deals. South Korea, Indonesia, Malaysia, and Japan were the next top countries that contributed to a surge in M&A deal value.