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.…
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…
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…
CESA okays TAT’s stimulus measures The Centre for Economic Situation Administration (CESA) has approved tourism promotion and stimulus measures proposed by the Tourism Authority of Thailand (TAT) to lure back foreign tourists to Thailand. The measures comprise special tour packages and the approval for Thailand Elite Card holders to invest in property and other investments.…
Economy shrinks 6.4% in busy Q3 Thailand’s GDP contracted by 6.4% year-on-year in the third quarter, with full-year economic contraction projected to arrive at 6%, says the National Economic and Social Development Council (NESDC). The economy was previously anticipated to contract by 7.5% this year. The main reason supporting a lower full-year economic contraction is…
What’s wrong with Thailand? Five ambassadors urged to open up Thailand to foreign skilled labour, cut red tape on foreign investment to allow Thailand to move in the top 10 of the World’s Bank’s ease of doing business index Thailand has made very impressive gains in recent years in the World Bank’s Ease of Doing…
Thailand’s GDP contraction moderates to 6.4% in Q3 Worst days of COVID-19 are already past, economic planning agency insists BANGKOK — Thailand’s economic contraction slowed in the third quarter as exports and domestic tourism started picking up from the pandemic-induced slump, the kingdom’s economic planning agency said Monday. Gross domestic product shrank 6.4% on the…
Thai economy’s decline slows on eased lockdown, stimulus steps [BANGKOK] Thailand’s economy improved in the third quarter after the government eased restrictions on movement and implemented a series of stimulus measures while getting the country’s Covid-19 outbreak largely under control. Gross domestic product shrank 6.4 per cent from a year ago, the National Economic and…