Business
China to add 100 smart manufacturing pilot projects
In addition, emerging areas such as 5G, Internet of Things, Internet of Vehicles and smart transportation will also be selected.
China will continue its smart manufacturing strategy by adding about 100 new pilot demonstration projects in 2018, according to the Ministry of Industry and Information Technology, Economic Information Daily reported. Insiders think the selection of the projects are likely to include traditional industries such as non-ferrous metals, rare earth, textiles and household appliances. In addition, emerging areas such as 5G, Internet of Things, Internet of Vehicles and smart transportation will also be selected.
According to the 13th Five-Year Plan of Smart Manufacturing, China aims to establish its intelligent manufacturing system and complete the key industries’ transformation by 2025. Miao Wei, Minister of Industry and Information Technology, said that smart manufacturing is the main direction of the nation’s industrial upgrade, and an important starting point for the two national strategies of “Made in China 2025” and “Internet Plus.” Source link
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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