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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.

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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.

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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

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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.

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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.

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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.

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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.

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Asia-Pacific sees 3.9% growth in deal activity in February 2021

Boris Sullivan

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Chair’s Statement on the Informal ASEAN Ministerial Meeting (IAMM)

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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