COVID-19 pandemic wiped out 81 million jobs in Asia-Pacific countries Some 81 million jobs lost as COVID-19 creates turmoil in Asia-Pacific labour markets, according to ILO report. Drops in working hours due to the Covid-19 crisis have had a devastating effect on jobs and incomes in Asia and the Pacific according to a new report…
Thai economy to grow 3.8% in 2021 says EIC The Economic Intelligence Center (EIC) of Siam Commercial Bank (SCB) has forecast that the Thai economy will grow 3.8 percent next year. BANGKOK (NNT) – With the government’s stimulus measures being the main driver of economic recovery, the Economic Intelligence Center (EIC) of Siam Commercial Bank…
Kasikorn Research expects Thailand’s GDP to grow 2.6% in 2021 The Thai economy has been showing signs of recovery, thanks to the government’s many stimulus measures and Kasikorn Research Center has predicted that the 2021 GDP will grow 2.6% next year. Kasikorn Research Center has predicted that the 2021 GDP will grow 2.6%, suggesting the government…
Online intellectual property dispute platform to go live next year The online dispute settlement platform for intellectual property cases will assist with cases related to copyright, patents, and trademark infringements using digital technology. BANGKOK (NNT) – The Department of Intellectual Property has introduced its online dispute settlement services covering intellectual property cases that it developed…
How to buy gold in Thailand – from bracelets to baht Jett Gunther visits Bangkok’s Chinatown and discusses why you should buy gold in Thailand, and how. Bangkok is home to one of the largest Chinatowns in the world, and the Chinese love gold! Not only is gold highly regarded as a sacred metal, gold…
Air Asia to focus on ASEAN expansion, as CEO expresses cautious optimism for 2021 Air Asia’s chief executive, Tony Fernandes, says the low-cost carrier is planning to expand its presence in Southeast Asia and is in talks to form 3 new airlines. He points out that people still want to travel, and that demand makes…
Thailand plans economic restructuring to attract foreign investment The Government of Thailand looks to restructure the economy next year to attract foreign investors to new industries and establish a central e-commerce platform to boost online sales nationwide, local media reported. Bangkok (VNA) – The Government of Thailand looks to restructure the economy next year to attract…
State data-sharing platform set for 2023 The Digital Economy and Society (DES) Ministry aims to use a centralised data-sharing government platform by 2023 through the Government Data Center and Cloud (GDCC) service as part of efforts to boost public services within a single window for data access. GDCC is the central cloud system to be…
Domestic headwinds hinder recovery Thailand’s economy is projected to recover slowly because of downside risks from domestic headwinds despite upbeat signals about Covid-19 vaccine development, says KKP Research. Although the economy gained traction in the third quarter, the economic recovery outlook remains fragile and uneven for different sectors and throughout Thailand, according to a report…
Thai Industry Demands Tougher Currency Measures to Save Exports (Bloomberg) — Thailand must check the runaway gain in its currency as it makes it harder for exporters to compete in the global market and drive an economic recovery, according to the nation’s largest industry group. Authorities should curb foreign capital inflows if they continue to…