Action needed to woo investment The economic head at South Korea’s embassy issues a challenge, writes William Hicks Thailand needs to “wake up” and find aggressive, proactive means to attract foreign businesses and investment or it risks falling behind Vietnam, says the economic head at the South Korean Embassy to Thailand. Jeon Joyoung, deputy chair…
Samut Sakhon Central Shrimp Market Reopens BANGKOK (NNT) – The Central Shrimp Market in Samut Sakhon province reopened on Monday after being closed since Dec 19 due to the second wave of Covid-19. Traders and owners of fish and shrimp stalls all expressed their delight the market had finally reopened after being closed for over 10…
The social media giants in battle with ‘old’ media and world governments | VIDEO “The rules signal greater willingness by countries around the world to rein in big tech firms such as Google, Facebook and Twitter that the governments fear have become too powerful with little accountability.” India has issued strict new rules for Facebook,…
RESILIENCE AND AGILITY: THE NEW MANTRAS FOR THAI BUSINESSES IN THE POST COVID-19 ERA The Thai government has introduced many measures in recent years to support a vibrant ecosystem for startups, with an aim to drive innovations and strengthen competitiveness of the overall economy. The country’s rapidly advancing digital industry has driven the development across…
Thai SEC schedules hearings to address crypto investor qualifications The SEC of Thailand is looking to establish qualifications for crypto investors as digital currency purchases increase. A major financial regulator in Thailand is looking to determine qualifications for cryptocurrency traders to ensure investor protection. The Securities and Exchange Commission of Thailand has scheduled a public…
Domestic car sales slump Domestic car sales in Thailand declined 21.3% in January to 55,208 units from last year as the second-wave outbreak continues to drag down consumer confidence and purchasing power. Passenger car sales decreased by 44.2% to 16,104 units year-on-year, while sales of commercial cars decreased 5.4% to 39,104 units. Pure pickups with…
Mercedes-Benz: Luxury cars to help drive economy Mercedes-Benz (Thailand) sees positive signs in Thai and global luxury car markets, with sales surging in its two models in Thailand, helping the German automaker cushion an overall sales drop in the domestic market during the pandemic-hit year of 2020. From January to December last year, Mercedes Benz…
Thai gaming industry could shoot up to Bt33 billion in 2021: DEPA The Digital Economy Promotion Agency (DEPA), the operating arm of the Digital Economy and Society Ministry, has signed a memorandum of understanding with the Thai Game Software Industry Association (TGA) to promote the creation of games and digital content to give the country’s…
Thailand’s economy shrank by 6.1 pct in 2020 BANGKOK, Feb 15 – Thailand’s economy shrank by 6.1 per cent in 2020, its biggest fall since the 1998 Asian financial crisis. In a statement, the Office of the National Economic and Social Development Council (NESDC) said the country’s economy declined by 4.2 per cent year-on-year in the fourth…
Baht and containers crucial to export hike Exports, a key driver of the country’s economic growth, could fare better than 3-4% growth this year if the government provides more support, particularly in handling the persistent baht rise and the container shortage, says the Thai National Shippers’ Council (TNSC). According to Ghanyapad Tantipipatpong, the TNSC’s chairwoman,…