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Thailand: PUSH FOR SME 4.0

Deputy Prime Minister Somkid Jatusripitak has assigned the Ministry of Industry to push for SME 4.0 and develop the tourism cluster. The government needs to have SME 4.0 to be materialised soon, Somkid said. In particular, the ministry will join force with Federation of the Thai Industries, provincial chambers of commerce and local education institutions […]

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Bank of Thailand governor says accommodative policy needed

SINGAPORE: Thailand’s monetary policy should remain accommodative to nurture the economic recovery and as inflationary pressure remains weak, central bank Governor Veerathai Santiprabhob said. Thailand is still in the “early stage of a recovery of domestic demand,” Mr Veerathai said in an interview with Bloomberg TV in Singapore on Thursday. The most important factor in deciding […]

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Thailand: EEC to serve as test track for e-vehicles

The Eastern Economic Corridor (EEC) will serve as a prototype for the use of electric vehicles in Thailand, according to Acharawan Chutarat, a member of the EEC’s city planning team from King Mongkut’s University of Technology Thonburi.  Town planning in this case includes infrastructure to promote the use of environmentally friendly transportation including electric buses, charging […]

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Thailand: Inflation rate rises for ninth consecutive month

The Ministry of Commerce said inflation rate for March this year rose by 0.79% year-on-year,  a sustained nine month increase. The ministry attributed the increase to the rise in consumption and household expenditures for non-fresh produce. Local prices for vegetables and rice rose for the first time in 30 months, according to the Ministry’s report. This […]

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Thailand: The top five key retail trends this year

OVER THE LAST FEW YEARS, we’ve heard about the upcoming age of disruption. In reality, we are already being disrupted.  At a global level, one of the most affected sector is the consumer and retail industry, especially in terms of online shopping and changes in customer behaviors, resulting in a big shift in the way […]

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