Economy and industry

IDC on Monday unveiled its top predictions for Thailand’s information-technology industry for this year and beyond, predicting that by 2022 more than 61 per cent of the country’s gross domestic product will be digitalised.Keep reading ...

Rising government spending on mega-projects, which are deemed crucial to economic growth, will further increase the country’s public debt, economists said with some asking the military to be more efficient in its spending.Keep reading ...

The Board of Investment (BoI) yesterday approved five investment projects worth a total of Bt40.462 billion during a meeting chaired by Prime Minister Prayut Chan-o-cha.The highest investment proposal comes from a Chinese investor, Ju Xunning, who plans to invest Bt10.061 billion to establish a car ...

The government has agreed to use the remaining cash from the Energy Conservation Fund to support a new recycling plan for discarded solar panels and vehicle batteries, in line with the goal of creating a circular economy.Keep reading ...

The debate over Laos’ strategy to become the “Battery of Asia” continues months after the deadly disaster at the Xe Pian-Xe Namnoy hydropower dam, even as the Lao government keeps building more dams. Despite the previous government’s decision to suspend new dam projects and academics’ ...

Since late 2018, we have already seen signs of global economic slowdown. Financial markets have been fluctuating. Among the factors are the downshifting of the US economy which led to weakened US dollar. The prolonged US-China trade war has troubled Thai exports for quite sometime. ...

The latest version of the cybersecurity bill set to pass the National Legislative Assembly (NLA) next week has been amended to add a requirement for court warrants in cases that the state authority wants to access computer systems to obtain users’ personal information. Keep reading ...

US recruitment agency Manpower Group Thailand forecasts an unemployment rate in 2019 of 1.1-1.2%, equal to 418,000-450,000 people, up from 400,000 in 2018. Thailand’s labour market in 2019 will face many external influences such as the global economy, the US-China trade war and Brexit. Keep ...

Adding value to Thai products by increasing the connectivity between the agriculture, manufacturing and tourism industries is key to achieving economic growth in 2019 and beyond, said deputy prime minister Somkid Jatusripitak during a meeting yesterday with the National Economic and Social Development Council (NESDC).Keep ...

Thailand is set to launch Digital Park Thailand, which its says will be the biggest digital innovation hub in Southeast Asia.The mega project is designed to create an ecosystem to drive ideas and innovation for development by providing access to tools, resources, and networks, according ...