In Southeast Asia, competitive gaming is hugely popular. A report on global eSports revenue reveals that the eSports industry in South Korea is about 6% of the $1 billion figure.
The country supports competitive gaming in a big way, with fans cheering for their favourite players, wearing their merchandise and watching their livestreamed games.
However, eSports haven’t taken off as much in Thailand. Compared to South Korea and other Southeast Asian countries such as the Philippines and Indonesia, Thailand lacks support for competitive gaming.
Something that could make eSports far more popular in Thailand is if better infrastructure was built.
Now, many of the people watching and enjoying competitive gaming tournaments in the country are the ones who play games and watch them livestreamed from their own computers. Competitive gaming isn’t as accessible to a wider audience because of a lack of visibility.
However, there are some plans for new stadiums to be built. For instance, in 2018 virtual reality developer Infofed donated 50 million baht to build the Thailand eSport Arena and eSports Academy, with 100 high-performance computers.
For the small Thailand eSports scene, there are three very popular games: League of Legends, Dota 2 and Arena of Valor. In order to train for these competitive games, players should look outside of the gaming charts and major releases.
For example, poker is known for its reliance on strategic thinking. Both eSports players and online poker pros must be able to multitask. In poker, the practice of multi-tabling is the most telling example.
With poker satellites being available on sites like Redbet, players can take part in poker competitions from anywhere. Both poker and eSports players must also know how to micro-manage, which refers to all the operations that the player must perform on each element or unit of the game.
For example, a StarCraft player will need to manage each unit individually rather than doing group actions for better results. This is obviously much more difficult than applying the same action plan for all units. Micro-management therefore requires some mental gymnastics to monitor and manage many different parameters.
The parallel is easy to do with online poker players, who must not only monitor the course of several games at the same time, but adapt their strategy to each.
More Local Competitions
Another thing that would help the competitive gaming scene in Thailand grow is if there were more local competitions. Thailand does have the GESC Thailand Dota 2 Pro Circuit Minor, which local team Alpha Red competed in in 2018, however, this competition is not as big as the Dota 2 Major tournaments held in other countries such as China, Germany, and the Ukraine.
If there were more local competitions, there may be more local supports for eSports and other forms of competitive gaming.
eSports and other forms of competitive gaming now make more than $1 billion a year. Thailand could get a larger piece of this revenue if it develops its local scene.
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.
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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