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Thailand’s protest leads to 1.5 billion dollars damage
The council of economic ministers today estimated that the red shirt demonstration would shave the gross domestic product by 0.64 percentage point, with damage of about Bt50 billion, if it continues for no longer than 3 months.
The estimation is based on the forecast GDP growth of 4.5 per cent, said Putthipong Punnakan, vice minister to the PM’s Office.
The red shirts started demonstration at Rajprasong on April 3. Businesses and their employees in the area have suffered from business closures, and been asking for the government's financial assistance.
via Red protest leads to Bt50 bn damage.
China
Bangkok 7th World Most connected city to China
Bangkok also ranks 3rd in terms of the volume of Chinese corporate leasing activity over the last three years, according to a new report from real estate consulting firm JLL.
While China’s biggest corporates are increasingly flexing their global muscle as the country’s economic and geopolitical influence accelerates, Bangkok is the 10th most popular destination for mainland firms expanding overseas. (more…)
Featured
Thailand’s Special Economic Zones (SEZ) and new opportunity connected
The SEZ policy was first launched in 2015 based on the government’s belief in the strong potential of the 10 areas to connect with the neighboring countries in terms of trade, economy and investment
With its strategic location in the center of ASEAN with emerging markets, including Cambodia, Laos, Myanmar, Malaysia and southern China, on its border, Thailand is well position to connect investors to new opportunities arising from the increasing border trade and the region’s rapid economic growth.
(more…)
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