Thailand’s exports are expected to reach nine trillion baht by the end of the year, before increasing further to 9.25 trillion baht next year, amid predictions of higher-than-expected economic growth, according to the Commerce Ministry. Commerce Minister Jurin Laksanawisit said at a forum on Sunday that this year exports are on track to grow by 7% from […]
Read MoreThe world is likely to become brittle, anxious, non-linear and incomprehensible, posing new challenges to businesses after the pandemic, says an industry association. Known by its acronym BANI, the new world is confronting entrepreneurs with uncertainties and forcing them to adopt various solutions to cope, ranging from creating partnerships to devising short-term strategies. FROM VUCA TO […]
Read MoreConstruction of a 5-billion-baht Silicon Tech Park, expected to be a model for Thai digital cities, is set to start next year in the Eastern Economic Corridor (EEC) through a public-private partnership. The project, dubbed the “Silicon Valley of the East” and co-developed by Planet Communications Asia Plc, Cisco and the EEC Office, is located on an […]
Read MoreThailand’s overall smartphone shipments dropped 12% year-on-year in the third quarter, particularly for entry-level handsets, as inflation delayed people’s purchasing decisions, says global tech market analysis firm Counterpoint. Shipments refer to smartphones that manufacturers send to mobile carriers and retailers. The smartphone market did receive a boost from the ultra-premium segment, with growth of 32% year-on-year […]
Read MorePattaya tourism operators are optimistic an event-packed December and the return of corporate clients will help stimulate demand as a number of local tourists delayed bookings while waiting for the government’s subsidy scheme. The new phase of the “We Travel Together” hotel subsidy was postponed until the cabinet meeting on Dec 20 from last week, and […]
Read MoreThe University of the Thai Chamber of Commerce (UTCC) forecasts Thai economic growth of 3.6% in 2023, up from an estimated 3.3% this year, driven largely by the tourism revival, growing exports and a recovery in private consumption. According to Thanavath Phonvichai, UTCC president, the forecast assumes global trade growth of 2.5% in 2023, down from […]
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