BANGKOK (NNT) – Film productions by international companies in Thailand have gained the country 1.2 billion baht in income despite the pandemic this year.
he Department of Tourism anticipates this source of revenue will contribute 3 billion by the end of year, hoping the government will further promote this business for the next year.
The Department of Tourism has reported 1.212 billion baht revenue from international film shoots in Thailand from January to April this year, thanks to more relaxed COVID-19 restrictions applicable at the time by the Center for COVID-19 Situation Administration.
During the four-month period, 31 production crews came to Thailand to shoot films, generating 1.212 billion baht revenue for Thailand. The number of productions may be lower than 123 the previous year, but the revenue is almost double the 2020 figure of 589 million.
Despite the pandemic, the Tourism Department says there is still demand for international production companies to shoot on-location in Thailand.
In the 2019 fiscal year, 740 international productions came to Thailand to film, generating 4.86 billion baht in revenue. This figure declined the following year, with the number of productions reduced to 163, and the annual revenue down to 1.75 billion baht.
The department received requests from four productions to film in the country in May, generating some 261 million baht in revenue. It anticipates revenue from filming of international productions will be around 2.5-3 billion baht this year, while hoping the government will further promote the business through annual budget funding.
Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures
The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.
BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.(more…)
Thai Government Plans to Increase 2022 Investment Budget by 90 Billion baht ($2.84 bln)
According to the 2022 fiscal budget bill, which has public spending set at 3.1 trillion baht, accounting for 17.9% of GDP, the government would need to borrow 700 billion baht to offset the deficit.
BANGKOK (NNT) – The Budget Bureau notes that the Thai government plans to increase its investment budget by 90 billion baht in the fiscal year 2022, in compliance with a law related to state financial and fiscal discipline.(more…)
Subscribe via Email
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...