Covid-19 pandemic showcases Thailand as a Medical & Wellness Hub

Thailand’s internationally admired performance in the pandemic of the COVID-19 virus has showcasedthe exceptional strengths of the country’s health care system and medical industry to further justifyits drive towards becoming one of the world’s top medical hubs.

A sophisticated healthcare system, universal healthcare coverage and robust public health consciousness have all contributed to Thailand’s success in containing the pandemic of COVID-19 virus and reporting one of the world’s lowest mortality rates from the disease.

Johns Hopkins University’s 2019 Global Health Security Index 1 ranked Thailand as the world’s 6th best prepared country for confronting the pandemic, reflecting the country’s public health care system’s preparedness for coping with major public health emergencies such as the pandemic of the Covid-19 virus.

Thailand ranks as the best country to have recovered from COVID-19 in Asia and ranks second among 184 countries recov…

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Car Makers Ramp Up EV Production Capacity in Thailand, says BOI

Amid the rising adoption of cleaner cars around the globe, the Thailand Board of Investment (BOI) has already approved 24 projects by car makers to produce in the country electric vehicles of all types.

This includes hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs), with a combined capacity of over 500,000 units per year, BOI data shows.

With the ongoing shift towards EV in the global, regional and domestic markets, Thailand is counting on its strong foundation in the automotive and support sectors, as well as its strategic location, and comprehensive investment incentives to attract car makers investment in EV manufacturing.

The approved projects include Mitsubishi Motors (Thailand) Co., Ltd.’s 5.48 billion baht investment to upgrade the company’s existing car production line at Laem Chabang Industrial Estate to allow the annual production from 2023 of a total of 39,000 vehicles…

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Covid-19 puts flexible space markets under strain

The global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space. Of late, many operators have experienced the flexible nature of the business working against them, as many occupiers have opted to surrender desks and implement work-from-home plans.

This is particularly true of freelancers, start-ups and SMEs. Demand from corporate occupiers has been more mixed. Generally, flexible space with open plan and dense centre layouts is viewed as a higher risk. But in some markets, corporates have taken additional flexible space to satisfy business continuity and disaster recovery requirements.

As corporates return to the workplace, we expect to see them continue to leverage flexible space for these purposes, as well as for split teams and de-densification requirements. Thus, companies enable their employees to work remotely in better connected and more productive workspaces compared to home.

Landlord…
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Covid-19: An Historic opportunity to create a more sustainable East Asia

History shows that the deepest economic and social changes occur in the aftermath of major crises, catastrophes or conflicts. They have catalytic, disruptive effects on existing orders, creating new realities and different ways of thinking about the future. East Asia is now in an important phase of its history.

There is currently an understandable preoccupation with how quickly the East Asian economy can recover from the COVID-19 crisis. At the same time, it is crucial to keep in mind how future generations will look back at this period and judge our actions — and inactions.

This moment in history will ultimately be framed both by what preceded it and what came after. Was the chance taken in the 2020s to put the region’s economy on a more sustainable path? This could prove to be the most defining decade of the 21st century.

The COVID-19 crisis is occurring at a time of fervent populist nationalism when the prospects of reliving a late-1…

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Rehabilitation of Thai Airways triggers corruption allegations

Former international crime prosecutor, Mr. Wanchai Roujanavong predicted in a Facebook post that many corruption cases will emerge as a result of THAI’s rehabilitation process.

He claimed that the airline’s fleet was leased to THAI through several agents, allegedly with the consent of the airline’s board, leading to prohibitively high fees for the rental of aircraft, which is said to be one of the causes of the airline’s heavy losses.

Without the proposed rehabilitation plan, the former chief prosecutor said that that the public would probably never know the truth “while the parasites carried on sucking the blood out of the airline.”

Discrepancies in THAI ticket sales

In related news by the Bangkok Post, police have launched an investigation into allegations of discrepancies in THAI ticket sales last year, according to an unnamed source.

A team led by Pol Lt Gen Charnthep Sesaves, a former Metropolitan Police Bureau commissioner…

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A Covid-19 debt shock in Asia?

Even before the outbreak of COVID-19, the level of global debt was high by historic standards. According to the Institute of International Finance, by late 2019 global debt (including private and public debt) was more than US$250 trillion.

Public debt, in particular, has increased everywhere since the global financial crisis of 2008.

IMF calculations show that public debt ratios in almost 90 per cent of advanced economies are higher than before 2008. Emerging markets on average have seen such ratios increase to levels similar to those seen during the crises of the 1980s and 1990s. Public debt has also built up in low-income countries with two-fifths at high risk of debt distress.

How much global debt has been added on the back of the COVID-19 health emergency? Focusing only on low-income and emerging economies, IMF Managing Director Kristalina Georgieva reckoned that US$2.5 trillion was a ‘very conservative, low-end estimate’ of their …

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CLMV’s economic growth crashes to two-decade low due to COVID-19

The COVID-19 pandemic is having a negative impact on CLMV economies through their dependency on foreign-sourced revenue from tourism and exports says KResearchCenter.

While the COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year.

Overall, the CLMV economies will tend to undergo a speedy recovery over the next 1 to 2 years – with economic growth projected to reach 6.4 percent in 2021 and 6.5 percent in 2022.

Countries which are heavily dependent on foreign revenue are facing more negative effects during this crisis.

Cambodia is the most severely affected country

Cambodia is the most severely affected country, as it is extremely reliant on foreign income through tourism and exports. Tourism is expected to shrink by an estimated 60 percent this year. Meanwhile, in terms of exports, Cambodia remains most dependent on the …

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COVID-19 Silver Lining : Asia sees unexpected gains in virus lockdowns

Emergency workers usually busy attending accidents on Thailand’s roads mill around ambulances parked at a service station — fewer crashes and crimes a welcome outcome for several Asian countries during coronavirus lockdowns.

As Asia starts to assess the damage caused by the pandemic, some countries are realising there have been unforeseen benefits. 

Vietnam’s nationwide isolation has seen a drop in crime, Hong Kong has hailed an early end to its annual flu season — and now, Thailand is seeing a much-needed win in road safety. 

“Accidents have gone down quite a lot,” said Banjerd Premjit, chief of the Por Tek Tung emergency medical team operating just outside Bangkok.

In Pathum Thani province, where his team of three ambulances normally rush to about 15 grisly crashes a night, accidents have dropped by half. 

Songkran, the Thai New Year holiday, is marked annually by a jump in tra…
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The renewable energy transition is coming to Asia

The COVID-19 pandemic has changed the world. It is a truly global threat, ignoring national borders and domestic politics.

But this pandemic highlights the need for a global response to a second key global threat: climate change. It is now more important than ever to listen to the advice of experts before it’s too late.

Despite the current global economic shutdown, the global energy transition is well underway. This transition is being driven by renewable energy technology that disrupts incumbent industry business models, much like the rise of the mobile phone and the internet.

Technology disruption is fundamentally reshaping the global energy landscape. A key impetus is the dramatic, ongoing deflation in the cost of solar energy and battery storage.

Both have seen costs drop 80 to 90 per cent over the last decade and the Institute for Energy Economics and Financial Analysis (IEEFA) expects both to halve again in the coming …

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23 million Thais to receive 5,000 baht cash subsidy

So far, 28.8 million people have already applied for the 5,000 baht/month cash subsidies, under the “Rao Mai Thing Kan” (We Do Not Leave You Behind) scheme.

But only 13.4 million have passed the qualification screening, leaving thousands queuing in lengthy lines as they wait to file complaints.

Of those eligible, 11 million have had the subsidy wired into their bank accounts already, with the remaining 2.4 million to receive their first payment next week, according to Mr. Lawan Saengsanit, spokesman for the Finance Ministry.

In 2018, there were about 21.2 million informal and 17.1 million formal workers. Besides agriculture, with a 92% informality rate, jobs in commerce have the second highest rate of informality at 60%, according to the World Bank.

Cash subsidy to 10 million registered farmers

Starting today, another government’s financial aid of 5,000 baht per farm household for three months, will be distributed through the B…

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