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Thai E-commerce set for 30% rise to 1 Mln users in 2015

Based on our internal research, the number of online merchants in Thailand will increase by 30% this year to 1.01 million

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Initiatives for the development of the digital economy and the start of Asean market integration are set to stimulate a 30% rise in the e-commerce market this year, as the internet is seen as a tool that can support business growth.

Digital marketing firm ReadyPlanet.com expects the number of online merchants to grow by 30% to 1 million this year.

The local e-commerce market is also projected to increase by 30%, chief executive Songyot Kanthamanon said yesterday.

“This year looks set to be the brightest one for digital marketing and e-commerce as firms seek to take advantage of steadily increasing mobile internet usage and the arrival of the Asean Economic Community,” he said.

Mr Songyot identified four key factors that will be important drivers of the e-commerce market this year — a significantly higher number of online merchants; widespread adoption of powerful data analytic tools for digital advertisers; greater popularity of electronic payment systems; and faster delivery of products to online shoppers.

He said the steadily increasing number of mobile internet users was encouraging companies to go online as wireless internet became the preferred channel in consumer communications. This phenomenon can be attributed to the growing number of online merchants and the growth of e-commerce.

“Based on our internal research, the number of online merchants will increase by 30% this year to 1.01 million,” Mr Songyot said. “Of the total, 800,000 will be individuals involved in e-commerce activities, 200,000 small and medium-sized companies and 5,000 large organisations.”

The Digital Advertising Association (Thailand) said that as of last June 30, smartphone users accounted for 30% of the total 94.3 million mobile subscribers.

via E-commerce set for 30% rise | Bangkok Post: business.

Myanmar

Digital Revolution and Repression in Myanmar and Thailand

Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.

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By Karen Lee

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Following the February 1 coup, Myanmar’s netizens became the latest to join the #MilkTeaAlliance, an online collective of pro-democracy youth across Asia.

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Ecommerce

How will oil prices shape the Covid-19 recovery in emerging markets?

Oxford Business Group

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How will oil prices shape the Covid-19 recovery in emerging markets?
– After falling significantly in 2020, oil prices have returned to pre-pandemic levels
– The rise has been driven by OPEC+ production cuts and an improving economic climate
– Higher prices are likely to support a rebound in oil-producing emerging markets
– Further virus outbreaks or increased production would pose challenges to price stability

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A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.

Brent crude prices rose above $60 a barrel in early February, the first time they had exceeded pre-Covid-19 values. They have since continued to rise, going above $66 a barrel on February 24.

The ongoing increase in oil prices, which have soared by 75% since November and around 26% since the beginning of the year, marks a dramatic change from last year.

Following the closure of many national borders and the implementation of travel-related restrictions to stop the spread of the virus, demand for oil slumped globally.

In the wake of the Saudi-Russia price war in early 2020, Brent crude prices fell from around $60 a barrel in February that year to two-decade lows of $20 a barrel in late April, as supply increased and demand plummeted. The value of WTI crude – the main benchmark for oil in the US – fell to record lows of around $40 a barrel last year on the back of a lack of storage space.

While global demand for oil remains low, one factor credited with reversing the trend is the decision to make significant cuts to oil production, which subsequently tightened global supplies.

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Tech

How the Rural-Urban Divide Plays Out on Digital Platforms

It is one thing for entrepreneurs, whether urban or rural, to create and operate an online store, as some digital platforms have made it relatively easy to manage an e-store – even by using just a smartphone.

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In the West, villages are emptying out due to the lack of economic opportunities. Consider Italy where, in a bid to attract newcomers, a handful of municipalities have turned to selling houses for €1.

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