Thailand sees RM16.15bil spending during water festival with nation's top event to return with gusto

BANGKOK, April 4 (Reuters): Thailand's consumer spending could rise 17% to 125 billion baht (US$3.65 billion - RM16.15 billion), a four-year high, during the upcoming Thai New Year as the economy and tourism sector gather steam, the commerce university said on Tuesday.

The figure would be the highest since the 136 billion baht spent in pre-pandemic 2019, suggesting the COVID-19 outbreak was resolved, Thanavath Phonvichai, president of the university told a briefing.