The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement between ASEAN and five Asia-Pacific nations of Australia, China, Japan, Korea, and New Zealand. Together, these RCEP participating countries account for about 30% of the global gross domestic product (GDP) and 30% of the world’s population (2,252 million people). The RCEP Agreement has 4 significant features as followed; 1) Modern: to improve the scope of the former free ...
Recently, the rubber situation tends to slow down in line with global economic growth. The Covid-19 pandemic severely affects the global economy and rubber demand by affecting supply chains and market disruption. Besides, crude oil prices were in a downtrend following the decreasing demand, especially the demand from China. Furthermore, the strengthening baht resulted in high Thailand’s rubber prices comparing with competitive countries. However, many...
In the modern economy, information is an asset of great importance and has various benefits. Big Data and Data Analytics are considered as the significant power to drive the government sector and private sector as well as to develop the economy and society with sustainability. Digital Technology has played a huge role in the development of country, such as Thailand 4.0 and Digital Economy or Digital Thailand. In terms of Big Data, it is large and compli...
The Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) sub-regional economic cooperation was initiative formed in 1993 by the governments of Indonesia, Malaysia, and Thailand. The goal of IMT-GT is to push the private sector of the member states to be leaders of trading and investment leading to economic growth and to support regional economic development by exploiting their economic advantages due to the similarity in geography, environment, religio...
The holistic economic development or Bio-Circular-Green Economy Model (BCG Model) is the new economic development model for sustainable development and applies knowledge, administration, science, and technology in its concept, which is aimed at building economic strengths. It is bringing value from biodiversity and culture to converts into economic value. Furthermore, it is using the complete agricultural yield to change the consumption and production s...