Japan once again topped the list of FDI source countries with a combined investment value of 80.7 billion baht for 178 projects, followed by China with 38.6 billion baht in investment pledges for 112 projects, and Singapore with 29.7 billion baht for 96 projects.
Thailand signs MoU with Austria to help build smart cities
The Digital Economy Promotion Agency (Depa) has signed a memorandum of understanding (MoU) with Austrian Technology Corporation (ATC), the trade group for Austrian tech companies, to ramp up technology exchange and drive smart city development.
Beyond Tourism: How Thailand Economy Is Bouncing Back From COVID-19
Kirida Bhaopichitr is Economics Research Director at the Thailand Development Research Institute which advises the Thailand Government on development policies. She argues this is more than just a pandemic bounce for ASEAN’s second biggest economy.
The pandemic hit Asia’s food supply hard, causing a sharp increase in the number of people unable to access enough food to stay healthy and feed their families. Women, children and the poor have suffered most.
How will emerging markets benefit from new carbon trading rules?
Proponents say that carbon trading will ultimately increase investment in environmentally friendly solutions, as the price placed on carbon makes fossil-fuel projects less competitive, while at the same time incentivising low-carbon energy sources such as wind and solar.
After a strong first half of the year, in which many countries recorded double-digit year-on-year growth, the spread of the Delta variant in the third quarter led to the implementation of lockdowns and travel restrictions across the region.
Developing Economies risk “Hard Landing” in 2023 says World Bank
Growth in EAP is projected to decelerate to 5.1 percent in 2022, reflecting a slowdown in China. Thailand’s economy is expected to recover gradually over the next two years, with growth picking up in 2022 and strengthening to 4.3 percent in 2023.