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Thai Economy Reels From Monthlong Unrest

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Gathering of the United Front of Democracy Against Dictatorship (UDD)

Thai troops patrolled Bangkok’s financial district on Monday in a show of force as protesters threatened a march on Tuesday that could incite a new confrontation.

With the nearby commercial center already paralyzed by thousands of protesters, the prospect of a demonstration in the financial district seemed emblematic of the economic costs of the monthlong unrest.

Fitch Ratings announced a cut in Thailand’s long-term currency credit outlook to negative from stable, citing the country’s continuing unrest.

The index for the nation’s main stock exchange, the SET, dropped for a third day by 1.3 percent to close at its lowest level in five weeks.

In another indication of flagging confidence, Amata, the country’s biggest seller of industrial land, said some Japanese clients — their biggest customers — had delayed signing deals.

via Thai Economy Reels From Monthlong Unrest – NYTimes.com.

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Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

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Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

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Investment

Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

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In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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