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Japanese IT firms are gearing up for Thailand’s digital move

Japanese firms specializing in information and communication technology solutions are gearing up to meet increasing demand from Thai businesses

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Japanese firms specializing in information and communication technology solutions are gearing up to meet increasing demand from Thai businesses as Bangkok attempts to drive the country forward on the strength of the digital economy.

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The Internal Affairs and Communications Ministry has signed agreements with two Thai government organizations in a bid to encourage bilateral ICT collaboration.

One agreement was inked with the National Broadcasting and Telecommunications Commission, Thailand’s telecom regulator, for the purpose of exchanges, while the other accord was signed with the newly established Ministry of Digital Economy and Society for ICT development cooperation covering disaster risk management, cybersecurity and postal services.

Atsuko Tominaga, deputy manager at the Global Business Division of Internet Initiative Japan Inc., a leading cloud service provider, said IIJ has seen growing demand for data centers in Thailand due to government efforts to enhance the ICT sector by promoting the digital economy.

The company is planning to provide a modular data center and its procedural knowledge to the Thai side in the near future, she added.IIJ has set up a joint venture with a Thai partner, T.C.C. Technology Co., which provides hosting and data center services, to offer local companies cloud solutions.

Source: Japan IT firms prep for Thailand’s digital thrust | The Japan Times

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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

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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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