Bangkok (VNA) – The Government of Thailand looks to restructure the economy next year to attract foreign investors to new industries and establish a central e-commerce platform to boost online sales nationwide, local media reported. Speaking at the 38th annual meeting of the Thai Chamber of Commerce on November 27, Deputy Prime Minister Supattanapong Punmeechaow said 2021 will be a transitional year for Thailand to take serious action in restructuring its economy. Though the Thai economy is expected to recover to growth of 3-4 percent in 2021 from contraction this year, it will still rely on domestic consumption, he said, noting that reforms are essential to facilitate economic recovery. He said a restructuring plan is expected by the first quarter of 2021, focusing on building up the local economy and attracting foreign direct investment, notably in new industries related to medical services, food, the circular economy, biofuel or clean energy, smart electronics and electric … [Read more...] about Thailand plans economic restructuring to attract foreign investment
Similarly, mid-tier private colleges often are at a severe disadvantage vis-à-vis their more selective peers. Ivy League institutions and nationally ranked liberal arts colleges have an enormous reputational advantage and sizable endowments that enable them to withstand economic recessions and other exogenous shocks. Heavily tuition-dependent mid-tier private colleges are, even under normal conditions, quite vulnerable to enrollment declines, and a major crisis can push them over the cliff. The pandemic shock is likely to prove to be particularly devastating to less-selective private colleges as some of the weaknesses of the high tuition sticker price-plus-high tuition discounting model are exposed. … [Read more...] about Is there an economic case for saving regional public universities and mid-tier private colleges?
Kelly Baug, Colorado’s deputy film commissioner, said the theaters are important cultural landmarks in many rural communities and serve as a gathering place for a variety of events. And while Hollywood isn’t producing much content, the hope is the grants will allow buildings to remain operable until restrictions lift. … [Read more...] about Colorado Office of Economic Development readies several business assistance programs
Contributing, Prof. Eustace Iyayi, Chairman, Organising Committee of the summit, said that it would focus on how Nigeria could make full economic recovery from the COVID-19 pandemic by piggybacking on agro-industrialisation. … [Read more...] about Agriculture `ll foster Nigeria’s economic recovery, if well positioned – Expert
On the other side, what I have not observed so well is the impact of what COVID-19 brought on the budget. I have not seen the MDAs integrating the innovations introduced by COVID-19 in their budgets which include the use of technology to reduce cost especially on virtual meetings to reduce trips and travels. If you put the amounts in the MDAs together and the amount appropriated yearly on local travels and international travels, you will see that it is very huge and with technology we can save 50% of the amount we are currently spending on local trips and the rest of them. I have also not seen reductions in international travels. Most of the universities across the world, Harvard, Oxford, have gone online for their trainings, it doesn’t reduce their credibility, it doesn’t reduce the efficiency of the work they are doing with their students and so why are we not adopting that approach to training? … [Read more...] about ECONOMIC RECOVERY: Reps mull reduction of 428 ministries, depts, agencies
The centre has stepped up efforts to reform the national database of credit information, improve IT Infrastructure, and enhance credit information products and services, he added. For example, it has helped to expand the coverage of the Credit Reporting System to outside the industry, diversifying data sources for credit institutions to evaluate borrowers. … [Read more...] about Financial infrastructure key to economic recovery in Asia-Pacific: APEC