Thailand to host 5th round of IPEF negotiations in September
Consumer confidence index falls below 50 in September
People in Phu Kradueng district in favour of cable car project : district chief
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People in Phu Kradueng district in favour of cable car project : district chief
15 Sept 01:40Key points summarised by AI
Phu Kradueng district chief reports overwhelming local support (99%) for a proposed cable car project, anticipating a significant boost to tourism and 70 billion baht in annual revenue.
The project aims to address declining visitor numbers, particularly for the elderly who struggle with the uphill trek, and resolve issues like porter shortages and difficult emergency medical evacuations.
While locals are deemed environmentally aware, the Seub Nakasathien Foundation expresses concerns about the cable car's construction impacts on wildlife and the park's environment.
A 28 million baht fund for the project's feasibility study and design is set to be sought for cabinet approval, moving the long-awaited initiative forward.
Consumer confidence index falls below 50 in September
Today 17:19Key points summarised by AI
Thailand's consumer confidence index declined to 48.9 in September, driven by concerns over the cost of living, household debt, and political instability.
Despite some relief from government schemes and export growth, consumers remain cautious due to political uncertainty and global economic instability.
Future confidence is projected to rise, buoyed by government initiatives and export growth, but household debt and geopolitical conflicts continue to weigh heavily.
The survey did not account for recent floods, which are expected to negatively impact the economy, employment, and consumer confidence, depending on their severity.