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Growth seen at 2% if vaccine target reached

Growth seen at 2% if vaccine target reached 3 published : 25 May 2021 at 04:33 3 The economy is expected to achieve 2% growth this year, if the government meets the target of 100 million doses within this year, said Don Nakornthab, Bank of Thailand s senior director for the Financial Stability Department. The economy is likely to expand by only 1% if the government fails to meet the target, he said yesterday at an online seminar hosted by the Eastern Economic Corridor Office. He added that the successful vaccination and herd immunity will also have an impact on economic growth next year. He said the amount of money the government has injected to revive the economy via its fiscal and monetary measures following the Covid-19 pandemic account for as much as 20% of GDP.

Ajinomoto to join Krungsri Business Talk on What s Next for the Food Industry

Ajinomoto to join Krungsri Business Talk on ‘What’s Next for the Food Industry’ published : 6 May 2021 at 11:10 Ajinomoto Co., (Thailand) Ltd., as a leading food company in Thailand, has been invited to join the next Krungsri Business Talk seminar on the topic of “What’s Next for Food Industry”, hosted by Bank of Ayudhya Public Company Limited. Mr.Chaiyapat Ongsri, Director of Ajinomoto Co., (Thailand) Ltd., will be one of the key speakers. Topics to be covered include ‘Food Trends: the future of food’, transformation of business models to adapt to health trends, value-added innovation, and government sector opportunities to improve the food industry. 

Thailand s east coast to support growth

Taking a hit: The deserted tourist belt of Khaosan Road in Bangkok. Thailand’s economy shrank 6.1% last year, its worst showing since the Asian financial crisis, as the pandemic slammed key drivers like tourism and exports. Bloomberg BANGKOK: Thailand’s Eastern Economic Corridor aims to boost the nation’s gross domestic product by as much as 2 percentage points a year through infrastructure projects and foreign investment in advanced industries, from 5G technology to electric vehicles. While the pandemic has disrupted some foreign investment in the industrial hub near Bangkok, the corridor’s 625 billion baht (US$20bil or RM82.19bil) in infrastructure projects – including an airport, seaport and high-speed rail – have supported growth during the pandemic, according to Kanit Sangsubhan, secretary-general of the Eastern Economic Corridor Office.

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