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Green Tokens Unleashed: How Digital Tokens Drive a Greener Future

Updated the key Industry Indicator: Hard Disk Drive in each industry.By Wanna Yongpisanphob

In the contemporary business world, sustainability is increasingly being viewed as a core corporate goal, but at the same time,

The Fourth Industrial Revolution is precipitating enormous changes in the world of business, and financial institutions will not escape these rising challenges. As they become increasingly driven by technology and innovation, payment systems worldwide including in Thailand, will become more and more dependent on electronic payments, and this will drive banks to shift their operations to a ‘platform business model’. Through this period, financial institutions that are major providers of payment services will find themselves in an ever more unstable position, with the foundations of their business being undermined by new players entering the market as suppliers of platform services, and so to preserve competitiveness, banks are being forced to transform their businesses and to shift as rapidly as possible from their older models of business organization to one in which they too are platform businesses.

The Thai electronics industry is forecast to return to healthy rates of growth over the three years from 2021 to 2023 thanks to a number of different developments on the technology front. In particular, demand for electronics parts will be boosted by the development and rollout of 5G technology and the need for equipment that supports this, and by the increasing market penetration of smart cars, which will in turn encourage a greater uptake of hyperconnected internet of things (IoT) applications. These changes to the commercial landscape will then drive stronger demand for integrated circuits (ICs) and hard disk drives (HDDs), especially for the large-capacity HDDs that are used in data center and cloud computing applications, where demand for big data applications is growing rapidly. In terms of consumer demand, the COVID-19 pandemic has also helped to precipitate a sudden explosion in working from home and distance learning that has then translated into stronger sales of PCs, notebooks, tablets and smartphones. Meanwhile, the shortage of ICs that was weighing on the industry (especially for use in auto assembly) should begin to dissipate in 2Q21, because production capacity has now risen on greater investment expansions from technology-leaders.

IMF cuts global growth forecast amid mounting geopolitical and trade risks, while inflation continues to weigh on Thailand’s economy

The Covid-19 pandemic will harm growth in the short term, but long-term prospects remain favorable

During 2026–2028, Thailand’s electronic components production and exports are expected to continue expanding.

The economy is exiting the pandemic-induced recession heading back to its pre-crisis growth path

ASEAN: The economic activity is normalizing but recovery will remain uneven in 2022