BANGKOK, 14 MAY 2019 (NNT) – Thailand joins hands with Indonesia to push for creative industries starting with three major industries with a growth target of five percent per year.
Both countries aim to develop target creative industries, especially the fashion industry, the design industry and the broadcasting industry to allow them to grow by five percent per year.
Mrs. Atchaka Sibunruang, Chairperson of the Creative Economy Agency Thailand (Public Organization)’s board, signed a memorandum of understanding on “Thailand-Indonesia Creative Industry Cooperation” with the Creative Economy Office of the Republic of Indonesia in order to jointly promote and create a better understanding of the creative industries as well as produce creative creators in both countries to compete in the global market through meetings and activities to exchange knowledge and personnel and create a database on digital industry together.
Mrs. Atchaka said Indonesia is a country that has grown and become the incubator for the creative industries of the world.
There are up to four unicorn startups (unicorn startups are 3-5 year startup businesses worth over one billion US dollar or over 30 billion baht), such as Go-Jek, a company that provides shuttle services worth 60 billion baht in Indonesia and Traveloka, a company that provides hotel and travel booking services worth 6.5 billion baht. This cooperation will result in the development of digital skills that truly meet the needs of the industry.
Large Shopping Malls in Bangkok Will Be Closed until July 25th
Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.
Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak
The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.
The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.(more…)
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