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.
Thailand aims to push its games and content industry
After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.
Thailand’s H1 Investment Applications rise 158% in combined value, BOI says
Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.
In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.(more…)
Can border reopening revive tourism in South-East Asia?
In Thailand, where pre-pandemic tourism accounted for 11-12% of GDP, the country lost an estimated $50bn last year as Covid-19...
Thailand dropped from UK’s tough covid-19 travel ‘red list’
Earlier, Thailand was listed among countries with high infection levels that were put on a ‘red list’, requiring arrivals to...
The ASEAN-Russia Trade and Investment Cooperation Work Program
ASEAN and Russia recently agreed to enhance and widen economic cooperation at the 10th ASEAN Economic Ministers (AEM)-Russia Consultations held...
Flexible Workspace Startup Worklounge Debuts with 20+ Luxury Member Lounges in Thailand
Worklounge launches a premium membership granting remote professionals and executives access to exclusive hotel lounges across Thailand. Their platform is...
5 insights to guide ASEAN’s digital generation in a post-pandemic world
We surveyed 86,000 people from six ASEAN countries about their views for a post-pandemic world. The ASEAN Digital Generation Report...