The Siam Commercial Bank’s Economic Intelligence Center has reported that Thailand ranks 14th on the world’s environmental hazard list. The center hopes the list will prompt industries to consider making way for a greener economy.
The Siam Commercial Bank’s Economic Intelligence Center,or EIC, revealed details of its study on climate change.
The study stated that Thailand has been listed as one of the countries that run the risk of being adversely affected by climate change in the next 30 years.
Thailand ranks 14th out of 170 countries worldwide that can be potentially hit by effects of climate change, with Bangladesh topping the environmental risk list.
Data from 2007 revealed that Thailand ranked 25th in the world among the biggest emitters of greenhouse gases, while Bangkok emitted approximately 43 million tons of carbon dioxide which is almost as much as London, a city that has economy ten times bigger than Bangkok.
It is reported that Thailand’s average annual carbon dioxide emission sits at five percent while the rest of the world’s average is only 0.4 percent.
On top of that, Thailand has been labeled as one of the countries significantly contributing to climate change.
Head of EIC Sethaput Suthiwartnarueput said that according to studies, climate change issues will have an impact on shipping, transportation, food and tourism industries due to increased energy costs.
It is believed the world’s energy demand will grow by 1.2 percent each year in the next decade.
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.
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.
Asia-Pacific sees 3.9% growth in deal activity in February 2021
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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