Thailand promotes bioeconomy Thailand is promoting the concept of bioeconomy, which encourages the use of renewable resources and waste products to make value-added products, to support the country’s ambitious plan to make Thailand the biochemical industry hub of ASEAN by 2027. Bangkok (VNA) – Thailand is promoting the concept of bioeconomy, which encourages the use of renewable resources…
Pandemic has washed away Pattaya’s “soapy” massage parlours While the Covid pandemic has hit Thailand’s businesses hard, it has also washed away its not-so-legal soapy massage parlours after tourism has dried up its clientele. Such places, known as glorified brothels, have left many masseuses out of work as boards have barricaded the once booming establishments.…
Huawei Empowers Thailand to Embrace it full ASEAN Digital Hub Potential with Technology Synergy By Abel Deng, CEO, Huawei Technologies (Thailand) Co., Ltd. Digital Economy accelerates global growth Digital economy represents the new growth engine for markets worldwide. According to global studies, a 20% increment in digital economy can bring up to 1% GDP increase.…
Bank of Thailand takes action to curb Thai baht’s strength The Bank of Thailand has moved forward measures, originally meant to begin early 2021, but most of which will now take effect from end of this month. The end result is that the new rules will make it easier for Thais to shuffle money overseas…
Industrial production on track across Thai Nguyen Leveraging firms’ strenuous efforts to maintain stable production and business, as well as active yet timely support from management agencies, the northern province of Thai Nguyen’s industrial production has regained some growth momentum despite bearing impacts from this year’s global troubles. According to figures from Thai Nguyen’s Department…
UPDATE 1-Thai finmin sees economy up 4% next yr, to focus on revival * Economy to grow 4% next year after -6% seen this year * Fiscal policy to focus on supporting growth * Public debt level still manageable * Central bank should take more action on baht rise (Adds detail, baht) BANGKOK, Nov 23…
Bank of Thailand takes action to curb Thai baht’s strength The Bank of Thailand has moved forward measures, originally meant to begin early 2021, but most of which will now take effect from end of this month. The end result is that the new rules will make it easier for Thais to shuffle money overseas…
Chief ASEAN economist says protests not helping Thailand’s weak economy r Chief ASEAN economist of Nomura, Euben Paracuelles, says Thailand’s current protests are not helping Thailand’s weak economy recover. In fact, Pracuelles says Thailand’s economy is the weakest and slowest in the region, noting that it is in “pretty bad shape”. He further says that…
Hotel investment group launches world’s first “green” hotel fund Destination Capital, a hotel investment group in Bangkok, has announced that it will launch the world’s first ever “green” hotel fund. The fund will acquire hotels and implement sustainability systems and procedures to promote long term environmental and financial sustainability in investments using the EDGE certification…
Modest rebound ahead, with 3.9% growth in 2021 Thai economy showing faint signs of life but revival of tourism will remain the key. Thailand’s economy is set for a modest recovery over the coming years from its recession in 2020. The economy has struggled amid the Covid-19 pandemic as its high reliance on external demand…