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The price of love: Valentine’s Day spending to reach more than 2.5 billion baht in 2024

1 Oct 07:10 Key points summarised by AI

Thai consumers are projected to spend 2.52 billion baht on Valentine's Day in 2024, a 5.4% increase from 2023, despite persistent inflation, indicating a strong desire to celebrate.
Nearly three-quarters of respondents plan to celebrate, with an estimated average spend of 2,125 baht per person, primarily by dining out at restaurants, followed by visits to shopping malls or celebrations at home.
Online shopping is the preferred method for gift purchases, with clothes, handbags, and jewelry topping the list, followed by chocolates and flowers; notably, rose prices are lower this year due to favorable weather.
Valentine's Day celebrations extend beyond romantic couples, with a significant portion of singles planning to express affection to their parents, showcasing diverse interpretations of the holiday.

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.