Photo courtesy of Bangkok Post
The Federation of Thai Industries (FTI) explained the significant rise in Thailand’s Industry Sentiment Index (TISI) after a five-month slump including a tourism boom and strategic government measures.
Breaking through the economic gloom, the TISI soared to 90.9 points in November, marking a triumphant comeback after five consecutive months of decline, according to the FTI. In stark contrast to October’s 88.4 points, this uptick is attributed to a dual-force revival – a resurgence in tourism and the government’s financial alleviation initiatives.
Montri Mahaplerkpong, the vice-chairman of the FTI, credited the unexpected surge to an impressive spike in tourism, which not only boosted domestic spending but also revitalised various sectors. Additionally, the government’s prudent management, including energy price…
