#ThaiEnquirer News Summary – January 22, 2025

· Tourism Numbers Not Declining
The Ministry of Tourism and Sports reported that from January 1-19, 2025, Thailand welcomed 2,139,901 foreign tourists, generating 107.38 billion Baht in revenue. The number of Chinese tourists has remained at 17,000/day and not declined as reported.

· Prime Minister Paetongtarn Shinawatra in Davos then China
PM Paetongtarn is in Davos (Switzerland) and met with businesses there and will next head to China where she will also meet Xi Jinping, a move that would solidify Thailand and Chinese relations.

· Commercial banks report Earnings for Q4 and FY2024
Nine commercial banks recently reported their Q4 and full-year 2024 earnings, with a total net profit of 205.27 billion Baht, up 5% from 195.56 billion Baht in 2023. Most banks reported better year-on-year earnings for fiscal year 2024.

· Thais are online savvy
Telenor Asia’s "Digital Lives Decoded" report reveals that Thailand is one of the top digital-driven markets in Southeast Asia. On average, Thais spend nearly 5 hours online daily, which is higher than the regional average of 4 hours 35 minutes. Over 99% of internet users in Thailand access the web through smartphones.

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