Spending on R&D in Thailand is forecast to be limited by the pandemic, staying below 1% of the country's GDP until next year, according to the Office of National Higher Education Science Research and Innovation Policy Council (NXPO).
Thailand's long-term R&D outlook remains positive bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
Thailand: New lung of Bangkok expected to fully ready in Feb 2022 thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Government banking on BCG model to propel recovery
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The bio-, circular and green economy is a global trend
published : 20 Feb 2021 at 06:08 Mr Kitipong believes the Thai economy is too dependent on external drivers.
The bio-, circular and green (BCG) economy is being touted by the government as a new model to bolster economic recovery.
The first meeting of a management committee to drive the BCG economy, chaired by the prime minister, in January approved a five-year strategic plan to promote the BCG economy spanning 2021 to 2026.
The government also agreed to place the BCG economy on the national agenda to speed up development because the sectors can increase the value of farm products and the BCG economy is part of a global development trend.
State planning to spend B24bn on R&D next year
published : 25 Jan 2021 at 04:30
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The government has earmarked a combined 24.4 billion baht for spending on R&D in fiscal 2022, up from 19.9 billion in fiscal 2021.
According to Kitipong Promwong, director of the Office of National Higher Education Science Research and Innovation Policy Council (NXPO), the proposed budget received the green light from the cabinet last Tuesday.
Mr Kitipong said the R&D spending for 2022 would focus largely on creating innovation for commercial purposes, strengthening competitiveness in the production and service sectors, narrowing income disparity and upgrading technology.
As Thailand faces many challenges in terms of social problems, poverty, income disparity and economic competitiveness, the government sees it as imperative for R&D to help tackle such problems, he said.