Search

ESG Startups: Small steps towards a greater goal

During 2023-2025, overall revenue to this business has a potential to grow further for every group of segments especially for digital services business that is forecast to be a main driver of overall performance.

Technological developments Internet network coverage And increasing consumer demand, resulting in the development of Financial Technology

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.

During 2021-2023, overall revenue of digital services and software industry is forecast to rise at an annual average of 10.5%. The industry will be buoyed by the widespread embrace of private sector’s strategies centered on digital transformation1/ by companies looking to meet consumer’s specific demand. In addition, the emergence of a post-pandemic ‘new normal’ is also likely to result in a greater share of business online transactions. However, new players will be increasingly attracted into the market to develop a range of new platforms, competition will stiffen.

Krungsri Research now projects the outbreak would pose a negative impact to the Indonesian economy of 3.5 ppt, at the same magnitude as Singapore

‘Buy Now Pay Later’ The Next Wave of Credit Products January 2023

Depressed conditions have extended from 2020 into 2021 for the office rentals business, and the industry is continuing to battle against the stiff headwinds generated by this year’s severe outbreak of Covid-19 and the impacts of this on the economy. The pressure on costs that this has generated has then forced businesses to trim back on expenses, lay off staff and reduce their office sizes, but in 2022 and 2023, demand is forecast to make its way slowly out of this trough as the effects of the vaccine rollout begin to be felt, the economy rebounds, and the government moves forward with infrastructure projects, especially those connected with communications. The net effect of this will be to spur developers to step up their investments in new office space and/or in renovations of older buildings both within the CBD and in less central parts of the BMR. However, major developers’ investment plans indicate that over the period 2021-2023, growth in supply is likely to outpace what will be only somewhat weak recovery in demand, and so over the next 3 years, the occupancy rate will trend downwards.

The coronavirus outbreak Has affected humanity in all dimensions This epidemic crisis is a catalyst for the existing currents to change faster

Quantum Computing: A Transformative Processing Technology Banks Cannot Ignore