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Top News of the Week in Thailand (July 8-10)

Top News of the Week in Thailand (July 8-10)

Welcome to our weekly news bulletin! This week, Thailand sees significant developments in fuel prices, tourism, scientific discoveries, and future tourism strategies. From a reduction in gasoline prices to the discovery of a new Ylang Ylang species, there’s a lot happening across the nation. Let’s dive into the top stories making headlines.

1. Fuel Prices Dropped by Bangchak and PTT Station

Starting today, Bangchak and PTT Station have lowered the retail prices of all types of gasoline and gasohol by 0.30 Baht per liter. Diesel prices remain unchanged. The global trend of falling oil prices has fueled speculation about potential further reductions in the near future.

2. Surge in Foreign Tourists Boosts Revenue

From January 1 to July 7, 2024, Thailand welcomed 18,206,539 foreign tourists, generating 858.249 billion Baht in revenue, according to the Ministry of Tourism and Sports. The top five countries contributing to this influx were:

  • China: 3,588,220 tourists
  • Malaysia: 2,554,599 tourists
  • India: 1,075,931 tourists
  • South Korea: 965,161 tourists
  • Russia: 939,180 tourists

Notably, short-haul tourists increased by 4.55% over the past week, driven by Chinese tourists following the footsteps of Lisa’s music video “Rockstar” and the Awal Muharram Holiday in Malaysia.

3. New Species of Ylang Ylang Discovered

A research team from Chiang Mai University has discovered a new species of Ylang Ylang, Cananga odorata, at the Satun UNESCO Global Geopark. Named “Chalermprakiat” to commemorate His Majesty the King’s 72nd birthday, the new species’ scientific name is Orophea Chalermprakiat Damth., Chanthamrong, & Chaowasku. This significant discovery was published in the international academic journal Phytotaxa, Volume 658, on July 5.

4. TAT Aims for 40 Million Foreign Arrivals in 2025

The Tourism Authority of Thailand (TAT) has unveiled strategies to attract 40 million foreign visitors and generate 3.4 trillion Baht in tourism revenue next year. TAT board chairwoman Natthriya Thaweevong emphasized the government’s ambition to promote Thailand as a premier tourism destination. The strategies include hosting major events and offering tailored tour packages for different traveler demographics, such as the elderly and medical tourists.

5. Thailand Ranks Among Top 10 Countries with Lowest Living Costs for Expats

Thailand has been ranked eighth globally and fourth in Southeast Asia for the lowest living costs for expats, according to the latest study by expat network InterNations. The “Personal Finance Index 2024” highlights Thailand’s affordable housing and utilities as key factors contributing to its favorable ranking.

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