The Tourism Authority of Thailand (TAT) has announced new incentive packages specifically designed to attract more Meetings, Incentives, Conferences, and Exhibitions (MICE) events. These include tax breaks, streamlined visa processes for delegates, and subsidies for event organizers, aiming to boost a high-value segment of the tourism in
Bank of Thailand Maintains Interest Rate Amid Political Uncertainty
The Bank of Thailand's Monetary Policy Committee (MPC) has voted to maintain the current policy interest rate, citing ongoing political uncertainty as a key factor. While inflation remains within target, the central bank expressed caution regarding the impact of political developments on investor confidence and overall economic stability
Government Announces Plans for Decentralization of Local Administration
The Thai government has announced preliminary plans for a significant decentralization of administrative powers to local governments. This initiative aims to empower local communities to make more decisions regarding public services and development projects, potentially fostering greater accountability and responsiveness at the grassroots level.