Page 3 - Dee Mee News Today

It is a political custom under governments of all stripes that they roll out a set of measures they call "New Year gifts" to the public at the end of each year.

Consumer spending during the Loy Krathong festival is projected to be the highest in five years, helped by the country's reopening to foreign visitors and the government's stimulus measures.

Central Retail Corporation (CRC), the retail arm of Central Group and the country's biggest mall operator, is upbeat on the high season growing its revenue as consumer purchasing power rebounds and greater numbers of foreign travellers visit Thailand.

HMD Global, the exclusive licensee for Nokia-branded smartphones and accessories, has launched a new smartphone model as the first eco-friendly handset in Thailand to catch a global trend.

Retail, tourism and construction stocks are likely to benefit from cabinet approval this week of 17 billion baht in spending to stimulate the economy, says Asia Plus Securities (ASPS).

The government is planning to roll out a number of measures as "New Year gifts" at the end of the year, including an extension of the "Khon La Khrueng" co-payment scheme and the "Shop Dee Mee Khuen" tax rebate scheme.

Centara Hotels and Resorts posted total revenue of 3.8 billion baht for the first quarter of 2022, a rise of 40% compared to the same period last year.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) warns the economy could falter because of the spread of the Omicron variant and the Russia-Ukraine standoff.

The Mall Group Co, the operator of The Mall and Paragon Department Stores and The Emporium and EmQuartier malls, is set to allocate 300-500 million baht for a marketing and promotional budget to stimulate shopping in the first quarter this year.

Consumer and business sentiment rose in December, supported by the easing of Covid-19 restrictions, more tourism revenue and fresh government stimulus packages.