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KResearch cuts GDP growth down to 3.5-4%

The Kasikorn Research Center has cut down this year’s GDP growth to 3.5-4 percent from its earlier anticipation of 3.8-4.3 percent due to the slowdown in the private sector’s spending.

Bahar Karaman

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The Kasikorn Research Center has cut down this year’s GDP growth to 3.5-4 percent from its earlier anticipation of 3.8-4.3 percent due to the slowdown in the private sector’s spending.

Kasikorn Research Center KResearch said Thailand will see a growth in this year’s GDP within the range of 3.5-4.0 percent as spending in the private sector has slowed its pace down, while the export and production segments still need more time to recover. However, the bank reckoned that the world economy would get better by the end of the year, and the situation would then trigger the Thai exports. The bank added that because Thailand has seen a slowdown in its export since the beginning of the year, the export growth is only expected at 1.5 percent this year.

KResearch further revealed that the proportion of Thai exports to ASEAN countries and China each year account for 37 percent of Thailand’s total exports. The exported products include refined oil, chemical products, low density polyethylene, and air conditioners. Meanwhile, the Thai exports to the United States, Europe, and Japan, represented 30 percent of the total export volume, and, according to KResearch, the proportion has a tendency to rise in the future.

via สำนักข่่าวแห่งชาติ : KResearch cuts GDP growth down to 3.5-4%.

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Economics

BoI plans more efforts to promote BCG economy

National News Bureau of Thailand

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logomain

BANGKOK (NNT) – The Board of Investment (BoI) is working with related agencies to rev up promotion of the bio-, circular and green (BCG) economy to help drive growth over the next 5 years.

BoI Secretary-General Duangjai Asawachintachit said the BoI is looking into more business categories for high technology as part of efforts to promote the BCG economy.

She said the government is focused on developing the bio-economy as Thailand has more than 30 million people working in the farm sector, yet most of them remain in poverty.

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Ecommerce

Will Covid-19 unleash a new generation of digital nomads?

Oxford Business Group

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Will Covid-19 unleash a new generation of digital nomads?

– Covid-19 has facilitated the widespread adoption of remote working
– Despite travel restrictions, countries are seeking to attract digital nomads
– Dubai and Mexico have emerged as key destinations for foreign remote workers
– As travel resumes, many anticipate a new wave of roaming digital nomads

With Covid-19 facilitating the widespread adoption of remote working practices, some emerging markets are seeking to attract digital nomads through a series of incentives and special visas.

Despite border closures and travel restrictions resulting from the virus, various countries are stepping up efforts to incentivise the movement of so-called digital nomads – people who work remotely and relocate relatively freely.

For example, in October the Dubai government launched its virtual working programme, an initiative that gives foreign professionals the opportunity to move to the emirate and continue to work remotely in their current jobs.

The one-year programme, launched after Dubai reopened its borders to international tourists in July last year, is designed is attract professionals, entrepreneurs and those working in start-ups.

Given its strong ICT infrastructure and healthy start-up scene, Dubai has been seen as an increasingly attractive option for digital nomads in recent years, with officials marketing the emirate as a place where people can live and work by the beach.

As a further incentive, in January officials began offering free vaccines to those on the programme.

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Economics

BoI Plans More Efforts to Promote BCG Economy

National News Bureau of Thailand

Published

on

logomain

BANGKOK (NNT) – The Board of Investment (BoI) is working with related agencies to rev up promotion of the bio-, circular and green (BCG) economy to help drive growth over the next 5 years.

BoI Secretary-General Duangjai Asawachintachit said the BoI is looking into more business categories for high technology as part of efforts to promote the BCG economy.

She said the government is focused on developing the bio-economy as Thailand has more than 30 million people working in the farm sector, yet most of them remain in poverty.

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