Stock Exchange of Thailand (SET) market report for September 2020
In September, the SET closed at 1,237.04 points or 5.6 percent lower than the previous month. This is due to several factors, firstly slower-than-expected COVID-19 vaccine development. Secondly, concerns about global economic recovery delays. Lastly, local political uncertainty weighed on investors’ sentiment. SET Index fell 21.7 percent from end-2019, but still fared than MSCI ASEAN which shrank 24.7 percent.
Steady boost of Chinese and Filipino Expats in Thailand
Thailand’s dominant expatriate nationality is Japanese. Currently Japanese make up 18% of expatriates in Thailand (28,560 as of Q3 2020). However, the Japanese expatriate numbers are decreasing. According to research by leading international property consultant, CBRE, Chinese expatriate numbers are rising. The rise due in part to China shifting some of its manufacturing overseas. The same research also indicates a steady rise in Filipino expatriates as well. The increase is in-line with the demand growth for English teachers in the Kingdom.
Thai Government vows strong support for the domestic MICE industry
It was a show of the industry’s readiness for domestic MICE (meetings, incentives, conventions and exhibitions) post-COVID-19. Some 6,000 suppliers, entrepreneurs and prospective clients attended the full-day hybrid event “Thailand MICE United”. The event comprised a trade mart, a technology showcase, dialogue sessions, and the launch of two new MICE cities.
Free donuts as Gojek officially launches in Thailand
Gojek, Southeast Asia’s leading mobile on-demand services and payments platform, today announced the official launch of the Gojek app in Thailand. Starting from 6:00am this morning, customers in Thailand can access services for food delivery (GoFood), motorbike ride-hailing (GoRide), courrier (GoSend) and e-wallet (GoPay) via the Gojek app, which is available for download via iOS and Android. It features a new and improved look and feel as well as multiple feature upgrades to reduce life’s daily frictions with enhancements to customer experience and security.
Vietnam’s First Uptime Certified Data Center by Delta Electronics
Delta Electronics Vietnam Co., Ltd, a subsidiary of Delta Electronics (Thailand) PCL., announced the completion and successful certification of Vietnam’s first Uptime Institute Tier Certification of Constructed Facility (TCCF) green data center for HTC-ITC, a subsidiary of Hanoi Telecom. The new green data center, at the HTC building in Hoa Lac High Tech Park, offers users in Vietnam with better connectivity and provides an excellent service for HTC-ITC’s customers.
Emirate passengers in Thailand get special Covid-19 PCR Test rates due to partnership with leading hospitals
Health and safety: Emirates has implemented a comprehensive set of measures at every step of the customer journey to ensure the safety of its customers and employees on the ground and in the air, including the distribution of complimentary hygiene kits containing masks, gloves, hand sanitiser and antibacterial wipes to all customers.
Ogilvy Appoints Tiwat Nitchote as Chief Strategy Officer in Thailand
Acknowledging the importance of strategy in business growth agenda, Nopadol Srikieatikajohn, Chairman of Ogilvy Thailand has appointed Tiwat Nitchote as Chief Strategy Officer for Ogilvy Thailand. In this newly created role, Tiwat will join forces with the existing management team to harness Ogilvy’s creativity to grow and transform not only brands, but entire businesses. He will focus on strengthening and streamlining Ogilvy Thailand’s strategic offerings to drive clients’ business towards Modern Marketing success.