Unicorn may be hard to find as Thai SMEs are behind in digitalization

13 Sept 08:56 Key points summarised by AI

Thailand lags behind its neighbors in producing tech 'unicorns' (startups valued at $1 billion), primarily due to the slow adoption of digitalization among its Small and Medium-sized Enterprises (SMEs).
Data reveals low technology adoption rates, particularly among small Thai companies, with most using the internet for basic functions rather than e-commerce, placing Thailand low in global digital competitiveness.
A significant shortage of qualified IT talent across various roles impedes the crucial blend of tech knowledge and business management required to scale startups into unicorns.
Despite these challenges, new initiatives, including government-backed venture capital and financial institution accelerators, are actively working to foster a supportive ecosystem for incubating future Thai unicorns.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.