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News Forum - Call for Covid boosters before wave of Chinese tourism | Thailand News Today

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Thai baht and Singapore dollar battle for strongest regional currency China is reopening its borders, pushing economists to predict that an influx of Chinese tourists to Thailand will propel the Thai baht into Southeast Asia’s reigning currency in 2023.  But the baht has one regional competitor: the trusty Singapore dollar. Thailand’s economy heavily depends on tourism revenue. In 2019, Chinese tourists made up over 40% of the 40 million tourist arrivals in the kingdom. Beijing’s strict zero-Covid policy kept Chinese tourists away from Thailand for three years, devastating the Thai economy, but things are finally changing. If December inflation numbers […]

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