Thirty per cent of Chinese tourists have cancelled their room reservations in the southern resort town of Phuket until mid-March due to fears about Thailand’s politics and a planned mass rally by the Red Shirt protesters.Tourism Authority of Thailand TAT Phuket director Bangornrat Chinaprayoon said the political turmoil has started to have effects on the province’s tourism, especially from Chinese travellers, but has not yet impacted European visitor arrivals.
As demonstrators of the United Front Democracy against Dictatorship UDD plan a large-scale rally on March 14 following the Supreme Court’s Criminal Division for Holders of Political Positions’ ruling against ousted premier Thaksin Shinawatra, seizing Bt46 billion of his assets, Chinese tourists are sensitive to the circumstances and said they will be monitoring the situation for some time.
Bangkok 7th World Most connected city to China
Bangkok also ranks 3rd in terms of the volume of Chinese corporate leasing activity over the last three years, according to a new report from real estate consulting firm JLL.
While China’s biggest corporates are increasingly flexing their global muscle as the country’s economic and geopolitical influence accelerates, Bangkok is the 10th most popular destination for mainland firms expanding overseas. (more…)
Thailand’s Special Economic Zones (SEZ) and new opportunity connected
The SEZ policy was first launched in 2015 based on the government’s belief in the strong potential of the 10 areas to connect with the neighboring countries in terms of trade, economy and investment
With its strategic location in the center of ASEAN with emerging markets, including Cambodia, Laos, Myanmar, Malaysia and southern China, on its border, Thailand is well position to connect investors to new opportunities arising from the increasing border trade and the region’s rapid economic growth.
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