The Deputy Prime Minister for Economic Affairs has revealed that Thailand’s GDP growth this year is likely to end above four percent and that over 2 trillion baht is to be invested by the state in mega projects next year. Speaking at Thailand’s Economic Outlook 2019, Deputy Prime Minister Somkid Jatusripitak pointed out that if 3.3…
THE SHOPPING tax allowance to be announced next week by the government will satisfy the middle class, but will do little to boost the overall economy, a prominent economist said Wednesday. Anusorn Tamajai, dean of Rangsit University’s Economics Faculty, said the year-end shopping scheme is just a marketing strategy to please middle-class consumers. “It is…
The 2016 and 2017 Google-Temasek reports foresaw a $200 billion internet economy in the region by 2025 But this year, the same researcher sees such drastic market acceleration that it now expects that number to be closer to $240 billion Southeast Asia’s internet economy, including e-commerce, online travel and online media, will be worth $240 billion by 2025, according…
Huawei Technologies Thailand makes the first move to invest and offer public cloud services in Thailand. The company’s cloud-based data centre is located in Amata Nakorn City in the Eastern Economic Corridor Indorama Ventures Pcl expects to close three deals worth around $1 billion by this year end. Meanwhile, Huawei Technologies Thailand makes the first…
The investment incentive scheme is aimed to increase investors’ confidence and success opportunity. With the biddings for the development of both projects planned for late 2018, BOI has offered the incentive scheme to attract more investors To drive concrete development of the Eastern Economic Corridor (EEC), Thailand’s Board of Investment (BOI) has recently approved investment incentive scheme.…
With roughly 20 million international overnight visitors, Bangkok remains in the top spot this year and is unlikely to be challenged Visitors tend to stay in Bangkok 4.7 nights and spend $173 per day on average, but Dubai attracts more big spenders with a whopping $537 daily treat With roughly 20 million international overnight visitors,…
Technological advances and scientific innovations will play a great role in the years to come, and the petrochemical industry is no exception As an extraction technology, fracking is capable of extracting a large quantity of natural gas, which can, in turn, be made into petrochemical raw materials. Technological advances and scientific innovations will play a…
Almost 40 years after its first annual assessment of the global economy, the Forum’s 2018 report changes methodology to asses Global Competitiveness Thailand scores 67.5 to rank 38th in the new index reoriented towards future technology-driven growth How well countries adapt to the Fourth Industrial Revolution (4IR) will determine whether they ‘thrive’ or ‘stagnate’ and…
The Nikkei Asian Review released today its third annual Asia300 Power Performers Ranking This year’s top performers include a number of regional players that may not be well-known to the general public but are nonetheless delivering solid results in terms of these key metrics. The Nikkei Asian Review released today its third annual Asia300 Power…
Navigating Uncertainty, the October 2018 edition of the World Bank East Asia and Pacific Economic Update Despite a less favorable external environment, the growth outlook for developing East Asia and Pacific (EAP) remains positive, according to the latest World Bank economic report on the region. Growth in developing EAP is expected to be 6.3 percent…