Ageing population and SME policies weighing on Thai economy

13 Sept 21:30 Key points summarised by AI

Thailand's rapidly aging population and declining workforce deter Japanese investors, who are shifting focus to countries with larger, younger populations like Vietnam and Indonesia.
The nation faces challenges in attracting high-value supply chains due to a lack of skilled talent and complex regulations, necessitating human capacity building and simplified foreign business procedures.
Unfair competitive conditions for Thai SMEs, coupled with high household debt dampening domestic purchasing power, impede overall economic growth and competitiveness.
Concerns loom over potential high tariffs from major trading partners like the U.S., which could significantly impact Thailand's manufacturing and export sectors.

Lamphun in a New Light

Today 15:02 Key points summarised by AI

Lamphun illuminates its ancient city with two concurrent light festivals: the high-tech VIJIT Thailand @ LAMPHUN and the traditional Hundred Thousand Lantern Festival.
VIJIT Thailand @ LAMPHUN transforms historic landmarks into an outdoor gallery, using projections and multimedia to animate Lamphun's history, including Queen Chamadevi's story.
The Hundred Thousand Lantern Festival, part of Yi Peng, fills temples and streets with countless traditional lanterns, symbolizing Buddhist devotion and personal wishes.
These festivals offer a unique after-dark experience, blending contemporary light art with centuries-old Lanna traditions, connecting visitors to Lamphun's past and faith.