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TAT and Traveloka sign Memorandum of Agreement to enhance Thai tourism promotion

TAT and Traveloka sign Memorandum of Agreement to enhance Thai tourism promotion

The Tourism Authority of Thailand (TAT) and online travel booking platform, Traveloka, have come together to enhance Thai tourism promotion through data-driven insights and traveler needs. By focusing on sustainable tourism practices, they aim to benefit local communities in Thailand and contribute to the country’s economic growth. This collaboration includes a Memorandum of Agreement signed between the two parties to outline their commitment to promoting responsible and impactful tourism initiatives in the region.

In leveraging data-driven insights, TAT and Traveloka seek to better understand traveler preferences and behaviors to tailor their promotions and services accordingly. This approach not only enhances the overall travel experience for visitors but also ensures that tourism activities support the well-being of local communities. By prioritizing sustainable practices, both parties are working towards creating a more responsible tourism industry in Thailand that benefits all stakeholders involved.

The collaboration between TAT and Traveloka signifies a strategic partnership aimed at promoting sustainable tourism practices in Thailand. Through their joint efforts, they hope to drive positive impacts on local communities, while also boosting the country’s economic growth. By signing a Memorandum of Agreement, the two parties have solidified their commitment to working together to enhance Thai tourism promotion through data-driven insights and a focus on sustainable practices that benefit both travelers and local communities alike.

Source link : TAT and Traveloka sign Memorandum of Agreement to enhance Thai tourism promotion

China’s First Negative List for Cross-Border Data Transfer Released by Tianjin Free Trade Zone

Thailand China Business News

China to allow visa-free entry for foreign tourist groups on cruise ships at 13 ports starting May 15, 2024. Aims to boost tourism and cruise industry development.


China’s New Visa-Free Policy for Foreign Tourist Groups Arriving by Cruise

China will implement a visa-free policy for foreign tourist groups entering the country via cruise ships, starting May 15, 2024. This policy allows visitors to stay with the same ship and in permitted areas for up to 15 days, aiming to boost tourism and enhance high-quality development in the cruise industry.

Impacts and Benefits of the Visa-Free Policy on Cruise Tourism in China

The new visa-free policy for foreign tourist groups arriving in China via cruise ships is expected to support the cruise economy and promote high-quality development in the industry. By attracting more cruise ships to Chinese ports and facilitating smoother travel for international visitors, this policy will play a significant role in boosting tourism and strengthening cooperation between China and other nations.

Source link : China’s First Negative List for Cross-Border Data Transfer Released by Tianjin Free Trade Zone by China Watch

NEC Thailand Partners with AIRA Factoring to Enhance Digital Supply Chain Finance Services

เรียนรู้ 5 รูปแบบที่มาผู้ประกอบการด้าน FinTech แล้วคุณหล่ะ เป็นแบบไหน?

NEC Thailand has formed a partnership with AIRA Factoring to improve digital supply chain finance solutions in Thailand and beyond. This collaboration aims to drive innovation and growth in the supply chain finance sector by leveraging technology and digital solutions. By working together, NEC Thailand and AIRA Factoring are seeking to enhance the efficiency and effectiveness of supply chain finance services in the region.

Through this partnership, NEC Thailand and AIRA Factoring will be able to offer more advanced and streamlined digital supply chain finance solutions to their clients. By combining their expertise and resources, the two companies hope to create new opportunities for growth and development in the supply chain finance market. This collaboration underscores the importance of digital innovation in driving progress and competitiveness in the finance industry.

The partnership between NEC Thailand and AIRA Factoring represents a strategic move to strengthen their position in the digital supply chain finance sector. By working together, the two companies can leverage their complementary strengths and capabilities to deliver more value to their clients. This collaboration is expected to lead to the development of new digital solutions that can revolutionize the way supply chain finance services are delivered and managed in Thailand and beyond.

Source link : NEC Thailand Partners with AIRA Factoring to Enhance Digital Supply Chain Finance Services

Tourism in Thailand just 7% shy of the pre-Covid levels

Thailand’s Tourism Boost: Visa Waiver for Chinese Visitors

During an online press conference, David Mann, the Chief Economist for Mastercard Asia-Pacific, reported that Thailand’s tourism sector is close to full recovery, with visitor numbers only 7% below pre-pandemic levels. Air traffic from South Asia and ASEAN countries has increased by almost 25% compared to 2019 levels, while arrivals from other regions are slowly increasing. The length of global leisure trips has also increased, with tourists staying for an average of five days in March 2024, compared to four days pre-pandemic.

The longer stays of tourists have significant economic implications, as they tend to spend more money during their trips. This increased spending can provide a boost to local businesses and economies in the travel sector, contributing to overall economic growth in the destination. As visitor numbers continue to rise and travelers stay longer, the positive effects on the economy are expected to become more pronounced, supporting Thailand’s recovery from the pandemic.

The Mastercard Economics Institute’s analysis indicates that the trend of longer leisure trips is benefiting travelers and local economies alike. With visitor arrivals in Thailand slowly approaching pre-pandemic levels and tourists staying longer and spending more money, the tourism sector is expected to play a key role in the country’s economic recovery. As global travel continues to recover, the impact of longer tourist stays on local economies is likely to become even more significant.

Source link : Tourism in Thailand just 7% shy of the pre-Covid levels

China and ASEAN countries are rapidly rising in the global university rankings

Chula Secures Top Spot in Thailand in THE Asia University Rankings 2024

The rankings indicate that Asian countries, particularly China, are expected to play a more significant role in academic research in the next ten years. This shift could have a profound impact on the global higher education and scientific communities. The rising prominence of China and other ASEAN countries in university rankings suggests a changing landscape with potential implications for the future of research and innovation.

As Asian countries continue to rise in the global university rankings, the dominance of Western institutions may be challenged. China, in particular, is touted as a driving force behind this shift, leading the way in academic research and scientific advancements. The growing influence of Asian nations in higher education highlights a potential reconfiguration of the global academic and scientific community in the coming years.

The increasing prominence of China and ASEAN countries in university rankings underscores the changing dynamics of academic research on a global scale. With Asian countries poised to play a more dominant role in higher education and scientific advancements, the traditional power structures in academia may experience significant transformations. This trend suggests a future where Asian institutions could rival or surpass their Western counterparts in research and innovation.

Source link : China and ASEAN countries are rapidly rising in the global university rankings

Thai pharmaceutical industry moving up the value chain

Thai pharmaceutical industry moving up the value chain

The pharmaceutical industry in Thailand is primarily focused on producing generic drugs for the domestic market, but there is room for growth. The market value of pharmaceuticals in the country is expected to increase by 6-7% annually over the next three years, reaching around 3.2 trillion baht by 2027. This growth indicates that the industry is moving up the value chain and expanding its reach beyond local consumers.

Despite its current limitations, the Thai pharmaceutical industry has the potential to evolve and become a key player in the global market. By increasing its focus on research and development, as well as expanding its product offerings, the industry could attract international investment and partnerships. This shift towards higher value products and services can lead to greater innovation and competitiveness in the sector.

Overall, the projected growth of the pharmaceutical market in Thailand presents opportunities for the industry to expand and diversify its offerings. By capitalizing on this potential for development, the country can position itself as a leader in the region and beyond. With the right strategies and investments in place, the Thai pharmaceutical industry has the ability to transform into a key player in the global market.

Source link : Thai pharmaceutical industry moving up the value chain

Foreign Tourist Groups on Cruise Ships Fully Permitted Visa-Free Entry in China

Thailand China Business News

Strong UAE-China partnership, top trade partners in Arab world. Collaborate on logistics, technology, show mutual commitment to growth and cooperation.


The UAE-China Strong Partnership

The UAE and China have a robust partnership, with the UAE emerging as China’s top trade partner in the Arab world. Their collaboration spans sectors like logistics and technology, reflecting a shared dedication to economic growth and global cooperation. High-level trade and investments continue to bolster their relationship, paving the way for further development and collaboration.

The Strategic Collaboration

China and the UAE share a vital partnership crucial to their development and foreign policy objectives. This alliance, exemplifying a model of cooperation, sees thriving bilateral trade and investments in key sectors like logistics and technology. The comprehensive strategic partnership underscores their mutual commitment to economic growth and global cooperation, shaping the landscape of their interconnected economies.

Source link : Foreign Tourist Groups on Cruise Ships Fully Permitted Visa-Free Entry in China by China Watch

“NINTENDO19” DR on Japanese gaming company to debut on May 20 (SET News)

“NINTENDO19” DR on Japanese gaming company to debut on May 20 (SET News)

The Stock Exchange of Thailand will soon offer depositary receipts for Nintendo, enabling investors to trade in Thai baht for shares of the Japanese gaming company. The trading of these depositary receipts is set to begin on May 20th. This move provides Thai investors with an opportunity to participate in the success of Nintendo without directly purchasing the company’s securities.

The article, “NINTENDO19” DR on Japanese gaming company to debut on May 20, highlights the upcoming listing of Nintendo’s depositary receipts on the Stock Exchange of Thailand. This development allows investors in Thailand to access the shares of the popular Japanese game developer through their local currency. The debut of the trading is a significant event for both Thai investors and fans of Nintendo.

By listing depositary receipts for Nintendo, the Stock Exchange of Thailand is providing local investors with the opportunity to engage with the Japanese gaming company’s securities. The trading is set to begin on May 20th, allowing investors to trade in Thai baht for shares of Nintendo. This new offering expands the investment options for Thai investors and demonstrates the international reach of the Stock Exchange of Thailand.

Source link : “NINTENDO19” DR on Japanese gaming company to debut on May 20 (SET News)