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China’s economic slowdown may impact Thailand’s export sector

The Fiscal Policy Office (FPO) has expressed concern that China’s economic slowdown may cause Thailand’s export sector a recession while also preventing the world’s as well as Thai economy from achieving their targeted growth.

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The Fiscal Policy Office (FPO) has expressed concern that China’s economic slowdown may cause Thailand’s export sector a recession while also preventing the world’s as well as Thai economy from achieving their targeted growth. FPO Director-General Somchai Sajjapongse stated that the fact that foreign investors are pulling out of the Chinese stock market has hinted that an economic bubble burst in China’s real estate sector is looming near.

It is highly believed that China will soon suffer a severe economic setback, which will see its growth decline to only 6% from the previous estimation of 8-9%. The FPO Director-General stated that his office is bracing for volatility which may be brought on by China. In addition, it is looking for measures to deal with the current crude oil situation in the global market, which has pushed the initial cost of transportation up by 0.3-0.4% along with an increase in goods prices and cost of living.

 

The FPO has predicted Thailand’s GDP growth for 2012 at 5.5-5.7%, which is lower than the figure of 5.5-6.5% predicted by Office of the National Economic and Social Development Board (NESDB). Meanwhile, the Deputy Managing Director of the International Monetary Fund (IMF), Mr. Min Zhu, believed that the Chinese economic slowdown will happen in a gradual rather than an abrupt manner despite the Chinese government’s data pointing to a weak growth in the country’s economy. Fiscal Policy Office: Economic slowdown in China likely impacts on Thai exports : National News Bureau of Thailand

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Online intellectual property dispute platform to go live next year

The online dispute settlement platform for intellectual property cases will assist with cases related to copyright, patents, and trademark infringements using digital technology.

National News Bureau of Thailand

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BANGKOK (NNT) – The Department of Intellectual Property has introduced its online dispute settlement services covering intellectual property cases that it developed with the Thai Arbitration Institute.

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Thailand is in the process of responding to the World Bank’s advice and the “Ten for Ten” proposal by five ambassadors to Thailand, according to Deputy Prime Minister and Minister of Energy Supattanapong Punmeechaow.

Olivier Languepin

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The government has made improving the business environment in Thailand a key policy by setting a goal to raise the ranking of the ease of doing business to be among the top 20 countries in the world.

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Thailand remains in pole position for the highest funds raised across Southeast Asia

Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

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Thailand’s Central Retail Corporation Public Company Limited raised US$1.77 billion in 2020

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.

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