Business
Mobile phone users in China increased to 1.02 billion
Chinese citizens are increasingly relying on mobile phones as a primary method of communication, according to data released by the Ministry of Industry and Information Technology on Friday. The number of mobile phone users in China increased by 32.57 million to 1.02 billion in the first quarter of this year, the ministry said.
Chinese citizens are increasingly relying on mobile phones as a primary method of communication, according to data released by the Ministry of Industry and Information Technology on Friday. The number of mobile phone users in China increased by 32.57 million to 1.02 billion in the first quarter of this year, the ministry said.
Of the mobile phone users, the number of subscribers to third-generation services expanded by 23.64 million to 152.06 million during the period. Meanwhile, fixed-line subscribers dropped by 1.08 million in the first three months. The business revenues of the country’s telecommunications industry rose by 10.2 percent year-on-year to 250.5 billion yuan ($39.76 billion) during the period. The rise was 0.8 percentage points higher than the growth rate registered in 2011.0
During the period, the industry’s service prices dropped 6.1 percent from a year earlier, with fixed-line services and mobile services down 4.6 percent and 6.4 percent, respectively. Read More
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.
Developing Asia growth set to rebound to 7.3% in 2021 (ADB)
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Thailand extends the 7,000 baht “Rao Chana” scheme to 33.5 million Thais
The Ministry of Finance said that the new proposal will increase the number of people eligible for the “Rao Chana”...
Bangkok falls 19 places to 49th most expensive location worldwide
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Thai fruit exports to FTA markets up 107 percent
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Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage...
3 Reasons to Be Optimistic About the Baht Right Now
Probably one of the most important factors for the rise of the Baht is the continued weakness of the US...