BANGKOK, 9 May 2019 (NNT) – The University of the Thai Chamber of Commerce (UTCC) estimates cash flow of over 50 billion baht for the new school term, the highest amount in the past six years due to economic recovery, sufficient savings and the government’s economic stimulus measures.
UTCC’s Center for Economic and Business Forecasting Director, Thanawat Phonwichai, today disclosed the results of the survey of parents’ impact assessment in preparing for the new school term, from a sample group of respondents across the country.
It was found that the spending of 23.9 percent of parents of students at an undergraduate level and first-year university students has increased during the new school term compared to the previous year.
The average expense is 18,299 baht due to increased prices of textbooks, school uniforms, student shoes, tuition fees and school maintenance fees. It is expected that spending during this new school term will be 54.97 billion baht, expanding by 5.2 percent compared to the previous year, and the highest in six years.
As for the source of the money, 43.8 percent of parents said they had enough money from their salary for the expenses associated with the new school term, while 39.5 percent of parents who didn’t have enough money plan to use money from formal and informal loans and pledges of properties.
It was also found that there are additional expenses to allow their children to study in a good educational institution and tutoring fees.
They want the government to help them with reasonable tuition fees and equal quality of educational institutions throughout the country. Parents also want to see the inclusion of a foreign language and technology subjects in curriculum at all levels.
As for the source of money, 43.8 percent of parents said they had enough money from their salary for the expenses associated with the new school term while 39.5 percent of parents who didn’t have enough money will use the money from formal and informal loans and pledges of properties.
Thailand to sit on United Nations Economic and Social Council
ECOSOC is one of six major United Nations organizations which is in charge of proposing and reviewing international policy toward economic, social and environmental development.
BANKOK, 15 June 2019(NNT) – Thailand has been selected as a member of the United Nations Economic and Social Council from 2020 to 2022 on behalf of Asia and the Pacific region alongside China, South Korea and Bangladesh.(more…)
Delayed Government nomination to weigh on economy in 2nd half
the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) forecasts that delaying in the government establishment will affect the expenditure budget for the year 2020.
Bangkok, 6 June 2019 (NNT) – As for the economic situation, the meeting of the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) forecasts that the delay in the government establishment will affect the expenditure budget for the year 2020.(more…)
Thailand among top five countries for salary hikes
Thailand is among the top five economies in the world to see real salary increases and is likely to see...
Thailand Ecommerce Market: Shooting For Success
At present, the Thai ecommerce market is valued at USD 3.5 billion. According to a Google Temasek study, Thailand’s e-commerce...
Aspire Set to Become First SME Neobank in Southeast Asia with US$32.5 Million Raise
The recent financing has been led by Mass-Mutual Ventures Southeast Asia with participation from Silicon Valley’s Arc Labs and existing...