After finishing off 2018, Techsauce has summarized the leading trends in Thailand’s ecosystem in the Thailand Tech Startup Ecosystem 2018.
This report is part of the publications Techsauce releases every 6 months. However this latest report not only summarizes the latest trends in 2018, but for the first time, includes analysis and thoughts from the Techsauce team.
This includes contributors who are veterans in various industries. This is to give readers insight on what is happening and what is behind the various trends.
The biggest trends for the second half of 2018 summarized in the report are as follows:
- There was more fundraising for startups in Thailand in 2018 than in the year before. The industry that attracted the most funding was FoodTech. As for CVC, 2018 was a year that saw high investment in startups overseas.
- The announcement Eko closing a $20 million Series B funding was the biggest startup deal in Thailand at the end of the year.
- It was a year where there were interesting moves made by Kasikorn Bank with its joint venture with Line and its investment in startups such as Grab and Instalem through…
Thailand Tech Startup Ecosystem Report 2018
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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