The BOT is one of the few major Asian central banks to have kept rates at record lows since the pandemic began, but it recently signaled a policy shift as inflation surged to a near 14-year high in May.
Government to Speed Up EV Production Plans
BANGKOK (NNT) – Thailand is speeding up its plan to manufacture electric vehicles (EVs) for domestic use by 2023.
Prime Minister Gen Prayut Chan-o-cha declared the government’s objective to accelerate EV assembly at a seminar organized by the Federation of Thai Industries (FTI) this week. The announcement comes after the Prime Minister met with Young Liu, CEO, and Chairman of Foxconn Technology Group, who announced plans to start EV assembly in Thailand within a year.
During the seminar, the Prime Minister emphasizes the importance of developing the EV industry as a key factor in transitioning the Thai economy to align with its focus on S-curve industries and the bio-, circular, and green economic model. He urges cooperation from all sides to help push the economy during this period of uncertainties and conflicts.
In addition to speeding up promotions, the government will push to produce key components such as batteries, traction motors, AC/DC converters, portable EV chargers, electrical circuit breakers, and EV smart charging systems in the near future.
Foxconn announced last year that it would partner with PTT Plc to establish an EV manufacturing facility in the Eastern Economic Corridor region. The factory is expected to provide a complete operation, including vehicle design, manufacturing, and EV assembly. The company set its manufacturing target at around 50,000 cars per year and plans to increase the number to 150,000 vehicles for its next stage.
Gen Prayut added that the government will continue to revise laws and regulations to facilitate the economic restructuring to speed up Thailand’s recovery from the impact of the pandemic. He assures that infrastructure development, R&D, and human resource development will be prioritized in order to strengthen the Thai economy for the future.
Information and Source
Reporter : Krajangwit Johjit
Rewriter : Thammarat Thadaphrom
National News Bureau : http://thainews.prd.go.th
Sustainability-linked bonds: a financing solution for emerging markets?
According to the Climate Bonds Initiative (CBI), total sustainable debt reached a record $1.2trn last year.
New Business Registrations Indicate Signs of Economic Recovery
BANGKOK (NNT) – The Ministry of Commerce has released business registration figures for May, indicating that food and tourism businesses are gradually recovering as a result of the relaxation of travel regulations.
According to the ministry’s report, the number of new business registrations increased by 6% year on year in May, with new capital increasing by 30% to 14.3 billion baht. Among these new registrations, restaurants remained in the top three registration sectors for the fourth month in a row, trailing only general building construction and real estate businesses.
Jitakorn Wongkhatekorn, deputy director-general of the Business Development Department, stated that despite the fact that the number of registrations in the last five months has been lower than the same period last year, the prospects for new business registrations in the remaining months of 2022 are expected to improve, particularly in tourism-related businesses. The easing of travel regulations, as well as the government’s policy to support domestic tourism, will play an important role in boosting the tourism industry.
The Business Development Department anticipates 40,000-42,000 new business registrations in the first half of the year and 70,000-75,000 for the entire year, stating that this number would be consistent with economic recovery expectations. Despite these indications, the deputy director-general expressed concern about rising oil prices, the end of the cooking gas subsidy program, Covid-19 infections, and other factors complicating business recovery from the Covid-19 pandemic.
Information and Source
Reporter : Krajangwit Johjit
Rewriter : Thammarat Thadaphrom
National News Bureau : http://thainews.prd.go.th
TVC: Write Your New Chapter
“A picture is worth a thousand words; an experience films a thousand pictures.
Unseen destinations and countless amazing experiences await your discovery.
Come and experience! A new chapter in “Amazing Thailand” starring YOU!”
#AmazingThailand #AmazingNewChapter
The post TVC: Write Your New Chapter appeared first on TAT Newsroom.
Cambodia, Singapore vow to ramp up cooperation
Cambodia and Singapore have pledged to step up cooperation to bolster bilateral trade, after registering more than $5.2 billion last year, marking a nearly 50 per cent jump over 2020.
The commitment was made at a bilateral meeting on May 18 between Minister of Commerce Pan Sorasak and his Singaporean counterpart Gan Kim Yong in Bali, Indonesia.
Sorasak took the occasion to thank Gan for the Singaporean Ministry of Commerce and Industry’s support for Cambodia’s ASEAN chairmanship, pledging to work hard to spur bilateral trade.
“We are committed to continuing cooperation to bolster bilateral trade between Cambodia and Singapore, taking it to greater heights,” he said.
Both sides agreed to arrange an event soon in Singapore for stakeholders to share experiences and explore key areas of interest further in-depth, in hopes of improving the capacity of the private sector, especially Cambodia-based micro, small- and medium-sized enterprises (MSME).
Hong Vanak, director of International Economics at the Royal Academy of Cambodia, suggested that the success of international trade hinges on the export portfolios of each country, adding that expansions in networks of business relationships correlate to more and stronger benefits.
BoT hints at Gradual Hikes for Policy Interest Rates
The BOT is one of the few major Asian central banks to have kept rates at record lows since the pandemic began, but it recently signaled a policy shift as inflation surged to a near 14-year high in May.
JobsDB Highlights the Post-COVID-19 Job Market Outlook Plus Ten…
JobsDB Highlights the Post-COVID-19 Job Market Outlook Plus Ten Emerging Industries and Job functions Workers to Strengthen Their Digital Skills To Meet the Job Market’s Demands
BANGKOK (NNT) – JobsDB released the job market outlook survey 2022
(SURVEY TO SURVIVE: Deep diving into profound insight, in-depth job market trend analysis, and sought-after skills for 2022), based on the number of job postings and job application data. It discovered that the overall economy has been slow. As a result, the unemployment rate has increased to 2%, while job vacancies have risen to 30%, varying with the increase in the vaccinated population. The majority of entrepreneurs are closely monitoring the economic situation. In 2021, the industries with the most job openingswere 1) Computer / IT (11.3 %), 2) Retail & Trade (10.8%), and 3) Banking and Finance (8.4%). The jobs that received the most applications were 1) Sales, CS & Business Development (14.3%), 2) Marketing, Public Relations (11.7%), and 3) Administrative and
Human Resources (10.9%). Industries that have quickly recovered to pre-epidemic levels included Chemicals, Plastics, Paper and Petrochemicals, IT, Manufacturing, and Medical & Pharmaceutical. Although the job market is gradually adjusting to the current economic situation, JobsDB remains committed to its goal of being the best job portal for job seekers. JobsDB recently launched the UpLevel campaign, a knowledge platform
that provides all job seekers with knowledgeable online content ranging from basic to advanced digital skills. The UpLevel campaign aims to assist job seekers in cultivating, practicing, and learning additional skills to develop their potential as a quality workforce in the digital era.
Duangporn Promon, Managing Director of Jobs DB Recruitment (Thailand)
Limited, said, “According to JobsDB’s database and job market outlook survey, four businesses have quickly recovered following the COVID-19 situation. The sharp increase in plastic use from food delivery during the epidemic has benefited the Chemicals, Plastics, Paper, and Petrochemicals industries. Changes in consumer behavior and
government support for the adoption of IT devices have been driving growth in the IT sector. After the epidemic control measures began to ease, the Manufacturing industry’s production index increased. During the years of the epidemic crisis, the Health and Medicine industry has been vital. The rapid recovery of these industries has resulted in a rebound in demand for skilled workers. The three sectors with the most job openings are IT, Wholesale and Retail, and Finance and Banking, accounting for 11.3%, 10.8%, and 8.4%, respectively.
The following are the most in-demand job functions:
1) Computer / IT 19.1%
2) Sales, Customer Service and Business Development 19.0%
3) Engineering 13.9%
The job functions with the most job postings are:
1) E-commerce 71.7%
2) Transportation 43.8%
3) Finance and Banking 26.2%
The COVID-19 situation encouraged and drove online business operations, trading, and transactions. Moreover, it drove these job functions to become essential players in driving businesses to fully adapt to the digital age.
JobsDB, in collaboration with Boston Consulting Group (BCG) and The Network, conducted a global survey “Decoding Digital Talent” with over 200,000 respondents from 190 countries. This report investigated the changing needs of global digital talents and discovered that they are eager to switch jobs within the same field. The main reasons they want to change jobs are the opportunity to advance their careers, a higher salary, and a new challenge. In addition, the pandemic made more digital workers
realize the convenience of remote work. Almost 70% of digital workers are willing to work remotely for a company that does not have a physical presence in their country. Their top five preferences are to work for a company based in the United States, followed by the United Kingdom, Australia, China, and Singapore.
Another interesting finding from the survey was that 42 percent of digital workers were concerned about increasing job market competition and advanced technology that could replace the workforce. They are increasingly concerned that automation, including improved algorithms, robotics, or advanced software, will eventually replace them. As a result, most digital workers must constantly improve their skills to keep up with the ever-changing technology required for their jobs to ensure stable and sustainable employment.
JobsDB cements its position as Asia’s leading job portal with the launch of the UpLevel Campaign. The campaign offers more than 30 online courses covering basic to advanced digital skills, necessary social skills (Soft Skills) for the new generation of workers, resume writing techniques, and how to stand out in your interview. All courses are created in collaboration with experts in the field from Microsoft, The Hunters Page,
and Beyondtraining Co., Ltd., which brings together many social skills development gurus. The courses include Data-Driven Organization by Ajarn Noo Wadhanan Prommintar, Trainer and Founder of the page “’Saroop TED Talks (TED Talks Summary)” and Knowledge Management Consultant, Self-Leadership by Ajarn Ple Phichamon Phadungsakwiriya, Trainer and Co-Founder of the FB Page “Wan Tham Ngan Khong Mon (Mon’s Working Day) and Knowledge Management Consultant.” These online resources would provide knowledge, improve skills, and completely uplevel digital workers’ capabilities,” Duangporn added.
JobsDB recently held an annual press conference on”SURVEY TO SURVIVE: Job market trend insights. What skills do modern workers need?” at The Society Room on the 22nd floor of Gaysorn Tower in Bangkok. Download JobsDB’s special reports at https://jobsdb.me/signature-report
JobsDB has more updates, activities, and job application advice available at https://jobsdb.me/PR
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Reporter : Tarin Angskul
Rewriter : Tarin Angskul
National News Bureau : http://thainews.prd.go.th
