The Thai Consumer Confidence Index (CCI) surged to 81.7 points in June, the highest in four and a half years, with consumers expecting the new government's policies to result in better economic conditions.
Economists are advising the new government to focus more on income distribution, as it is an efficient way to strengthen the country's economic fundamentals.
In a move aimed at increasing traffic Thailand's Department of Civil Aviation has created a one year waiver of landing fees for a number of tertiary airports in the country.
The Tourism Ministry has prepared a five-year tourism development plan aimed at receiving 30 million tourists and Bt1 trillion revenue per year.
Property developers believe the new government's policies offering special financial packages for first-home buyers will create growth in the property market, but they are waiting to see what conditions might be imposed with the new deal.
Exporters are uncomfortable with the prospect of a strengthening baht, as they want a stable exchange rate to help them keep pace amid tough global competition
The incoming government should review its policy to raise the daily minimum wage to 300 baht because manufacturers would not be able to carry the added labour cost, the chairman of Khon Kaen Federation of Industries said on Wednesday.
According to the Deputy Director, the Thailand Ministry of Education is warning all schools who offer Education Visas to foreigners to be legitimate and make sure students adhere to attendance and testing requirements.
Bank of Thailand expects a mild impact on inflation if the minimum wage hike is raised to Bt300 as campaigned by the Pheu Thai government, on anticipation that the increase would be gradual.
Strong crop prices drove the growth of Thailand's farm economy in the first half of this year to expand by 7.3% year-on-year, the highest rate in 10 years.
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