Business

Cabinet approves additional holiday in May to spur economy

Posted on Author TNR Staff Comment(1)

 

By TV Channel 7 and Reuters – published by CNA

THE cabinet today (Jan. 10) approved Friday May 5, 2023 as an extra public holiday to allow for a four-day long weekend from Thursday May 4, 2023, which is Coronation day, TV Channel 7 said this afternoon.

This step was taken to stimulate the economy by driving the tourism sector.

There are 15 public holidays this year but with the inclusion of substitute holidays the total increases to 24.

The cabinet also approved a budget of 3.35 trillion baht ($100 billion) for the fiscal year 2024, Reuters reported.

The new budget is 5.18 per cent bigger than the previous year, government spokesperson Anucha Burapachaisri said. 

CAPTIONS:

Top: A calendar showing the newly created long-weekend in May. Photo: TV Channel 7

Front Page The sun sets behind a construction crane in Bangkok on November 8, 2022. File photo: Reuters/Athit Perawongmetha and published by CNA

Also read: Flowers and face masks as Chinese tourists return to Thailand 

Thailand’s medical tourism likely to soar in 2023

Fed wants ‘flexibility’ on rates as inflation remains key focus, minutes show

 Tesla launches EVs in Thailand amid competition from cheaper brands

 

TNR Staff
http://www.thainewsroom.com

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