Thais spend Bt250 billion annually on lottery and lotto At least twice a month –- on the first and sixteenth days – millions of Thais hope and pray that their fortune will change. They are glued to their TV set or mobile phones, anxiously waiting for lottery results praying for a miracle. Thais are increasingly…
Four major EEC infrastructure projects reviewed The Thai government is advancing four infrastructure projects in the Eastern Economic Corridor (EEC) BANGKOK, 24 April 2019(NNT) – The Thai government is advancing four infrastructure projects in the Eastern Economic Corridor (EEC). All projects will be able to be included in the joint venture signing in May. They will…
Thailand’s Human Capital Key to Long-Term Growth Investing in human capital and pursuing economic reforms is critically important for Thailand to become a high-income nation Amid a global slowdown and elevated trade tensions, the Thai economy is projected to grow by 3.8 percent in 2019 and 3.9 in 2020, according to the World Bank’s Thailand…
DPM Somkid urges industrial sector’s technological transformation BANGKOK, 23 April 2019(NNT) – The industrial sector is being pushed to transform itself according to technological advancements enabling its entry into modernity and the Industry 4.0 era. Deputy Prime Minister Somkid Jatusripitak said yesterday that the move following the progress made by the Ministry of Industry on…
Thailand to tackle plastic waste by 2030 The Thai Cabinet has approved a roadmap to tackle plastic waste in the years 2018-2030, and to reduce or end the use of certain types of plastic because of its increasing harm to the environment. By the end of this year, Thailand will be free from three types…
Thai exports drop 4.9% in March Thailand’s exports in March were down 4.88 per cent year on year (YoY), leading to a 1.6-per-cent contraction in exports in the first quarter of this year compared to the same period last year. The Commerce Ministry reported on Monday Thailand’s customs-cleared exports fell to US$21.4 billion after a…
Asean economic ministers to sign two documents for boosting services sector and investment ASEAN CHAIR Thailand has lined up 13 ambitious goals to achieve regional integration as the 25th Asean Economic Ministers’ Retreat (AEMR) kicks off today in Phuket, where two pacts are set to be signed to enhance services trade and investment within the…
Understanding Asia’s fast-moving digital ecosystem in 2017, Asia saw 319 million new mobile connections, compared with just 5 million new mobile connections in Europe over the same time period. The digital future of Asia is already here. In China, millions of people enter public transportation each day using their smartphones, emerge and pay for their…
A Thai Energy Tycoon’s Big Bet Made Him $1 Billion Richer (Bloomberg) — Thai energy tycoon Sarath Ratanavadi’s fortune has surged $1 billion since late December as investors warm to his bet on Vietnam. Shares in his Bangkok-listed firm, Gulf Energy Development Pcl, have jumped 50 percent following its mid-August announcement of wind and solar…
Trade war dampens mood as GDP growth view scaled back to 3.7% CONCERNS over political uncertainty and the impact of the US-China trade war have prompted the nation’s peak private sector advisory grouping to cut its forecast for economic growth this year to as low as 3.7 per cent. The Joint Standing Committee on Commerce,…