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Thai Startup Year in Review 2015

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Time flies where the end of the year has passed and Techsauce is about to be one year old real soon. Nevertheless, we still have the same team that has been together in Thailand’s startup industry since the beginning with Thumbsup and HUBBA. First of all we would like to say thank you to all of our followers who have been following our works for all this time. Ever though it is still a small society of operators in Thailand, but the team remains committed and intend to continue to be a part that helps push for a better and stronger startup ecosystem here. So let us look at what have happened to the Kingdom’s startup ecosystem in the past year.

Large Corporates, Innovation, and Cooperation with Startup

Large enterprises in other countries have been paying attention to startup for a while now including projects to accelerate and incubate and developers such as Hackathon. They have been providing many supportive programs to help startup and there are many reasons for that which includes the search for new innovation via existing facilities, market channels, and customer bases that could be collaborate with startup in search for new business opportunities.

There are also startups that are facing various challenges and they are at risk from the…

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Techsauce is the partnership of two titans in the Thai technology startup industry between Thumbsup, the leading technology media in Thailand and HUBBA, the biggest coworking space network in Thailand.

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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

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?

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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

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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