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Thailand warns of increasing unemployment due to COVID-19 | World

People receive their first COVID-19 jabs (Photo: VNA) Bangkok (VNA) - Unemployment in Thailand is likely to soar this year because of the severe impact being felt by the third wave of COVID-19, warned the National Economic and Social Development Council (NESDC). Danucha Pichayanan, Secretary-General of the NESDC, said the third wave of the pandemic is likely to be a prolonged affair and prevent the economy from reaching its goal due to a slowdown in activity. Workers in micro, small and medium-sized enterprises (MSMEs) might experience the most loss or have to accept reduced hours as these businesses have been hit hard since last year. The GDP of MSMEs has contracted

Thailand maintains strong position in investment, public health | World

Mr. Anucha said Thailand has topped this year’s ranking in Bloomberg’s Top Emerging Markets list, which indicates potential for the country’s economic recovery, supported by the government’s economic stimulus and investment promotion measures. (Photo: pattayamail.com) Bangkok (NNT/VNA) - Thailand has maintained its strong position in investment and public health in the eyes of the international community. Government spokesman Anucha Burapachaisri said Thailand has topped this year’s ranking in Bloomberg’s Top Emerging Markets list, which indicates potential for the country’s economic recovery, supported by the government’s economic stimulus and investment promotion measures.

Indonesia says building US$1 2 billion battery plant with South Korea s LG

Indonesia says building US$1.2 billion battery plant with South Korea s LG Toggle share menu Advertisement 24 May 2021 07:05PM (Updated: 24 May 2021 08:17PM) Share this content Bookmark JAKARTA: State-owned Indonesia Battery Corporation (IBC) and South Korea s LG will build a new battery plant worth US$1.2 billion with the capacity of 10 gigawatt hours (GWh), Indonesia s investment minister said on Monday. The plant, part of a bigger US$9.8 billion electric vehicle deal between LG and Indonesia signed last year, will be built in the city of Bekasi, on the eastern border of the capital Jakarta. Advertisement Advertisement Investment Minister Bahlil Lahadalia in a statement did not specify a timeframe but said the factory would be built in the near future .

Indonesia announces it s building US$1 2bil battery plant with S Korea s LG

JAKARTA, May 24 (Reuters): State-owned Indonesia Battery Corporation (IBC) and South Korea s LG will build a new battery plant worth US$1.2 billion with the capacity of 10 gigawatt hours (GWh), Indonesia s investment minister said on Monday. The plant, part of a bigger US$9.8 billion electric vehicle deal between LG and Indonesia signed last year, will be built in the city of Bekasi, on the eastern border of the capital Jakarta. Investment Minister Bahlil Lahadalia in a statement did not specify a timeframe but said the factory would be built in the near future . The first phase of construction will have the production capacity of 10 GWh, which will later be used for EVs from Hyundai, he added.

Indonesia partners with LG to set up electric vehicle battery plant for $1 2 billion

  Indonesia’s state-owned Indonesia Battery Corporation and South Korean conglomerate LG Group joined forces to build a new electric vehicle battery plant for $1.2 billion, Indonesia s investment minister said on May 24, according to Reuters. The plant, which is part of a bigger $9.8-billion electric vehicle investment deal between LG and Indonesia, will be built in Bekasi city east of the capital Jakarta and have an annual the capacity of gigawatt hours. Commencement of the project would be “in the near future” and the first batteries would be used for electric vehicles from Hyundai, investment minister Bahlil Lahadalia said. LG has. Indonesia’s state-owned Indonesia Battery Corporation and South Korean conglomerate LG Group joined forces to build a new electric vehicle battery plant for $1.2 billion, Indonesia’s investment minister said on May 24, according to

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