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.
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.
Large Shopping Malls in Bangkok Will Be Closed until July 25th
Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.
Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak
The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.
The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.(more…)
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