Thailand’s outbreak of the Omicron coronavirus variant could have a bigger impact than expected on an economic recovery, according to the Bank of Thailand latest last policy meeting.
According to the Ministry of Public Health, the country is entering a new wave of COVID-19 infections, following the long New Year holidays, with over 2,000 cases of the Omicron variant of coronavirus detected in Thailand to date
Thus the Omicron outbreak could have more widespread, severe, and prolonged effects than the baseline projection, depending on the severity of the situation and the strictness of containment measures.
Looking ahead, global financial markets would remain highly volatile according to Bank of Thailand given:
(1) the risk that central banks could adopt a faster pace of monetary policy normalization to curb high inflation,
(2) the spread of Omicron that could hamper the global economic recovery
(3) the …
Vietnam plans to license 5th generation (5G) commercialization in 2022 and expand 5G coverage in urban areas and high-tech industrial zones. This involves increasing the number of digital enterprises from 58,000 to 100,000 by 2025 as part of the National Digital Transformation Plan, aiming to build a digital government and economy, and eventually a digital society.
This widescale deployment will make use of around 70 percent of the existing 4G infrastructure, following several small-scaled commercial trials in 2020-2021.
The digital economy plays a pivotal role in facilitating Vietnam’s socio-economic development strategy, expected to contribute 7 percent of GDP in 2025 and 7.5 percent by 2030. Contributing to this, 5G is projected to create US$13.1 trillion and two million new jobs by 2035.
5G, the latest mobile internet technology, is believed to be the future of mobile networks. Compared to the latest generations namely 4G, 3G, and 2G, 5…
Huawei Technologies (Thailand) Co., Ltd., in cooperation with Bangkok Post Public Company Limited, ASEAN Foundation, and over 60 ICT industry partners across Thailand, organised “Powering Digital Thailand 2022: Huawei Cloud & Connect” in conjunction with Asia-Pacific Innovation Day, in a hybrid format comprising onsite exhibitions and online broadcast from 17-19 November 2021, at Convention Centre, 22nd floor, Centara Grand at CentralWorld.
Carrying on the same theme from last year and featuring many keynote industry speakers, exhibitions, and a hands-on lab, the event delves into how digital technologies can unlock new potentials, markets, and business models while also supporting post-pandemic economic recovery in Thailand and the Asia Pacific region.
Furthermore, it thoroughly explores practical applications of Cloud, 5G, AI, and Digital Power technologies in industries through digital transformation, especially Thailand’s agriculture, manufac…
Bangkok, 16 December, 2021 – The Tourism Authority of Thailand (TAT) would like to provide an update on the three latest announcements published last night (15 December, 2021) in the Royal Thai Government Gazette that relax more COVID-19 restrictions nationwide, allowing the New Year countdown festivities, and further easing rules for travellers entering Thailand.
The New Year countdown festivities will be allowed to take place under the COVID-free setting guidelines, which include vaccination requirement, universal prevention, health and hygiene measures, and antigen testing. All events must ensure that everyone be fully vaccinated. Events with at least 1,000 participants must also ensure that everyone has received a negative antigen test result 72 hours prior to the event. Open-air restaurants with good ventilation nationwide will be allowed to serve alcoholic drinks to customers during the New Year countdown until 01.00 Hrs. on 1 January, 2022.