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Thai Tourism, Crop Prices Post Healthy Gains in August.
Byline: Parista Yuthamanop
Oct. 1--Economic growth was steady overall in August, although down slightly due to high base effects last year and higher global energy prices, according to the Bank of Thailand.
Amara Sriphayak, a director of the central bank's Monetary Policy Group, said the tourism sector posted a strong gain, with arrivals up 2.3 percent to 922,000 for the month. Hotel occupancy was 60.9 percent, above the 2002 average of 60.6 percent.
Higher tourism receipts, combined with a 23.6 percent rise in farm incomes, helped sustain overall domestic consumption.
Crop prices rose 20.7 percent year-on-year in August and were well ...
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Source: HighBeam Research, Thai Tourism, Crop Prices Post Healthy Gains in August.