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.
Thai cities have fallen in the rankings of the world’s most expensive locations for overseas workers globally, with Bangkok dropping 12 positions to 57th place, and all other Thai cities moving out of the top 125 locations globally.
This was one of the findings of the latest Cost of Living research published by ECA International, the world’s leading provider of knowledge, information and software for the management and assignment of employees around the world.Key Findings Bangkok dropped 12 places and now sits outside of the top 50 most expensive locations globally10 of the top 20 most expensive locations in the world are Asian cities, as Chinese cities move up the rankingsHong Kong tops the global rankings with Geneva in second place and Tokyo in third place
“The long-term effects of limited tourism and restricted overseas travel continue to impact the Thai economy, causing all Thai locations to plummet in the rankings. …
The Ministry of Finance says it expects the Thai economy to fully recover by 2023, driven mainly by the tourism sector.
Finance Minister Arkhom Termpittayapaisith said 2022 should see the start of the rebound, with the economy expected to expand 4% next year amid strong export growth and the injection of 1 trillion baht in state funds into economic circulation.
Roughly 600 billion baht will be drawn from the state investment budget while about 300 billion baht will come from state enterprise investment funds. Another 100 billion baht remains from the 250 billion baht that the government borrowed through the second emergency loan decree.
The Minister added that private and domestic consumption should also help drive the recovery, with the government boosting consumer confidence to further encourage spending.
The government is also slated to open a new round of registrations for state welfare cards in 2022.
According to Ba…
The Tourism Authority of Thailand (TAT) would like to provide the latest update that the Royal Thai Government has decided to extend the Emergency Decree nationwide for two more months until 31 January, 2022.
Published in the Royal Thai Government Gazette on 30 November, 2021, Thai Prime Minister, General Prayut Chan-o-cha signed the announcement on the fifteenth consecutive extension of the state of emergency for two more months after it expired yesterday.
The two-month extension takes effect from today, 1 December, 2021 – 31 January, 2022.
The announcement said the COVID-19 situation in Thailand has gradually improved following the ongoing vaccination programme. At the same time, the government has continued to place emphasis on strengthening the public health system, while gradually reopening the country to revive the economy.
However, it cited the current spread of the new coronavirus Omicron variant, coupled with the anticipa…
Bangkok, 7 December, 2021 – The Tourism Authority of Thailand (TAT) is pleased to announce that the ‘Chiang Mai Design Week 2021’ is on from 4-12 December, 2021, at the Three Kings Monument, Lam Chang, Wat Ket, Chang Moi, and various areas around the Northern city.
The event, organised by the Creative Economy Promotion Agency (CEA) together with the public and private sectors in Chiang Mai, is aimed at driving and supporting the creative industry and local economy in the North of Thailand by showcasing the skills and talent of communities, designers, craftsmen, artists, and business entrepreneurs.
The event also seeks to encourage the exchange of knowledge, experiences, and resources to lead onto further development, and the adaptation of creative businesses – both products and services – to meet the changing needs and generate income and new employment.
More than 185 activities are happening as part of the ‘Chiang Mai Design Week 2021’. To na…