Business
Thailand showcases Innovative agricultural products
The Institute for Agricultural Product Innovation has developed some 700 new products, and is ready to join forces with major retailers to sell them to customers.
BANGKOK (NNT) – The Department of Foreign Trade has been promoting innovative agricultural products development through the Institute for Agricultural Product Innovation.
Now, with some 700 new products developed, the institute is ready to join hands with major retailers to sell these products to customers.
Some 60 innovative agricultural products, including foods and non-food health and beauty products, have been selected by the Agricultural Product Innovation (APi) from 16 manufacturers and are now featured at APi Festival at Big C event at Big C Ratchadamri shopping center in Bangkok to expand marketing opportunities for these products at modern shopping centers, and raising the awareness of these products among Thai people and tourists.
A similar event is also being held at Big C Ratchada shopping center from now until 13 June.
The Department of Foreign Trade Director General Adul Chotinisakorn revealed the department is planned to hold similar events in June and July at Central Festival shopping centers in tourism provinces, namely Chonburi, Chiang Mai, and Phuket, to introduce innovative agricultural products to international customers, showing the quality and standard of Thai innovative farm products on par with those imported from foreign countries, and can meet the needs of modern lifestyle well.
Business
Thailand Approves Latest Economic Relief Package for Businesses
Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.
On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.
Business
Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)
The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.
The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.
The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.
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