Loading
8-Jun-2010 10:58 AM

Thai economic ministers approve USD514m in funding for tourism businesses

Thai economic ministers approved plans to provide USD514 million to tourism businesses affected by Bangkok’s recent political protests (The Nation, 08-Jun-2010). The amount is to be proposed for Cabinet approval on 08-Jun-2010. The ministers also approved plans to provide Tourism Authority of Thailand (TAT) with USD11 million in funding to restore domestic tourism in the next three to four months. TAT had requested USD49 million. Federation of Thai Tourism Association welcomed the funding but stated it does not believe the industry will recover in less than three months. It added it hopes the government will provide more funding later.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More