“Thai Economy: The Current State and the Way Forward”
Keynote Address by Dr. Veerathai Santiprabhob
Governor of the Ban of Thailand
Nomura Investment Forum Asia 2018
5 June 2018 / Singapore
In the current issue of Economy Matters, we analyse the economic prospects of US economy and the India-Mauritius tax pact in the section on Global Trends. In Domestic Trends, we analyse the trends emanating out of the recent releases on IIP, Inflation, Trade and Currency. Sector in Focus section discusses the prospects of e-commerce industry in India. In Focus of the Month, we discuss the impact of monsoons on the Indian economy. Special Feature carries an article on growth and job creation by Ms. A. Srija, Director, NITI Aayog.
US GDP growth slowed down once again in first quarter of 2016 amid signs of a global economic slowdown. Both consumers and businesses cut back on spending and US exports were hurt by economic weakness in overseas markets. Continued economic weakness, subpar inflation and global pressures are likely to cause the Federal Reserve to slow its pace of rate hikes this year from what had been expected. Closer home, in a significant move, India and Mauritius signed a landmark tax pact, aimed at tackling black money. The government expects the Protocol to tackle treaty abuse and round tripping of funds, curb revenue loss, prevent double non-taxation, streamline the flow of investment and stimulate the flow of exchange of information between India and Mauritius.
In the current issue of Economy Matters, we discuss China’s GDP release for Q2:2016, policy stance of Bank of England and IMF’s latest global growth forecast in the section on Global Trends. In Domestic Trends, we present analysis of the trends emanating out of the recent releases on Monsoon progress, IIP, Inflation, Trade and CII’s Business Outlook Survey Results for Q1FY17. In Policy Focus, we present the highlights of the key policy documents released during June-July 2016. In Focus of the Month,the topic ‘Transforming Healthcare in India' has been covered.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
In the current issue of Economy Matters, we analyse the economic prospects of US economy and the India-Mauritius tax pact in the section on Global Trends. In Domestic Trends, we analyse the trends emanating out of the recent releases on IIP, Inflation, Trade and Currency. Sector in Focus section discusses the prospects of e-commerce industry in India. In Focus of the Month, we discuss the impact of monsoons on the Indian economy. Special Feature carries an article on growth and job creation by Ms. A. Srija, Director, NITI Aayog.
US GDP growth slowed down once again in first quarter of 2016 amid signs of a global economic slowdown. Both consumers and businesses cut back on spending and US exports were hurt by economic weakness in overseas markets. Continued economic weakness, subpar inflation and global pressures are likely to cause the Federal Reserve to slow its pace of rate hikes this year from what had been expected. Closer home, in a significant move, India and Mauritius signed a landmark tax pact, aimed at tackling black money. The government expects the Protocol to tackle treaty abuse and round tripping of funds, curb revenue loss, prevent double non-taxation, streamline the flow of investment and stimulate the flow of exchange of information between India and Mauritius.
In the current issue of Economy Matters, we discuss China’s GDP release for Q2:2016, policy stance of Bank of England and IMF’s latest global growth forecast in the section on Global Trends. In Domestic Trends, we present analysis of the trends emanating out of the recent releases on Monsoon progress, IIP, Inflation, Trade and CII’s Business Outlook Survey Results for Q1FY17. In Policy Focus, we present the highlights of the key policy documents released during June-July 2016. In Focus of the Month,the topic ‘Transforming Healthcare in India' has been covered.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
In this issue of Economy Matters, we analyse the recent Fed rate hike and Euro Zone economic prospects, in the section on Global Trends. We have covered data trends in GDP, IIP, Inflation, Monetary Policy and Trade in the Domestic Trends section. Find out the results of 2QFY16 In Corporate Performance section. Taxation section covers the views of Sumit Dutt Mazumder, former Chairman of CBEC on GST. The Sectoral Spotlight for this issue is on Financial Conditions Index for 3QFY16. Read Focus of the Month, to know about ‘Skilling India’, wherein experts from diverse areas present their views.
In the current issue of Economy Matters, we cover the implications of Brexit for Britain and India, update on recent forecasts by World Bank, economic prospects of US economy and European Central Bank’s policy stance in the section on Global Trends. In Domestic Trends, Mr. Ajay Shriram, Past President, CII writes an article on the two years of Modi Government. Additionally, we also analyse the trends emanating out of the recent releases on GDP, IIP, Inflation, Monetary Policy, Trade and Balance of Payments. In Corporate Performance section we examine the corporate profitability trends for firms for the year FY16. From this issue, we have introduced a new section named as Policy Focus, in which we analyse the key policy documents released during the May-June 2016. In Focus of the Month, we cover the topic ‘India’s Trade & International Alliances’.
Macroeconomic Developments Report. December 2018Latvijas Banka
Macroeconomic Developments Report:
External Demand;
Financial Conditions;
Sectoral Development;
GDP Analysis from the Demand Side;
Labour Market;
Costs and Prices;
Conclusions and Forecasts;
The Fiscal Impact of Inequality Measures. Analysis of Scenarios.
The SVB Asset Management Economic Report, Q2 2017, is a review of and outlook on economic factors that impact global markets and business health.
In this edition, the team discusses the U.K.’s Article 50 notice and the FOMC’s current path towards normalization. The report also examines the Trump Administration’s first 100 days in office and current business sentiment.
The global economy effects on commodity dependent countries like zambiaKampamba Shula
On the 17th of November 18, 2016 I made a presentation at the FNB Financial Journalism academy on “The Global Economy Effects on Commodity dependent countries like Zambia”. It was well received. Below are some of the highlights
It is widely accepted that Indian economy is recovering, albeit slowly, from the disruptions created by demonetization (November 2016) and implementation of GST (July 2017). The GDP growth is forecast to recover from below 6% in FY17 to more than 7% in FY19. At this rate, India will be the fastest growing economy amongst all major global economies.
The positives are all well known and appreciated by markets and global agencies, as the entire government machinery is busy marketing these.
Nonetheless, for investors, it is important to take a note of the red flags that are too conspicuous and could have serious repercussions on the sustainability of the economic recovery and hence corporate earnings.
Highlights
• Economic slump has bottomed out – expect slow recovery ahead
• 2009-10 growth forecasts will be revised upwards by most as the year progresses
• Expectations of global growth resurgence fuels commodities and crude prices
• Dollar dives, rupee surges to 47 - more trouble for exporters ahead
• Fuel price deregulation on the cards
• But all is not well – and overheated stock markets need to cool a bit
India: Kal, aaj aur kal
The numbers all seem to be looking up, the stock markets all seem to be rising once again, and cheer is back. There is spring in the air. One wonders what happened suddenly to make everything so nice. Anyhow, things as predicted are improving – largely because of heavy government interventions internationally. The lower interest rates in India are also starting to have their impact – this was all predicted, as interest rate reductions take some time to play out. But what is also predicted is that things will take a few months more to stabilise - we estimate growth for this financial year to be an unexciting 6.6%.
The forthcoming Union Budget will be presented against the backdrop of heightened expecta- tions that the government would unravel reform-centric policies and action plan which would rejuvenate our growth drivers and transform the economy. In 2017, industry expects a reform- ist and visionary budget from the government. We would like to see a cut in corporate and personal income tax rates accompanied by higher public investments for which the resources will be made avail- able through various means such as disinvestment and asset recycling. The recent demonetisation of high value notes is expected to yield an increase in tax revenue as well as an increase in the tax base. Challenges such as slack domestic and global demand would need to be addressed, and urgent policy action is needed so that the economy can achieve a sustained and inclusive growth of around 8 per cent in the near future. On the domestic front, the contraction in industrial output in October 2016 is a matter of concern. How- ever, going forward, normal monsoons, which should improve rural demand, along with the lagged im- pact of interest rate reductions and 7th pay commission handouts are expected to cushion demand in the future and boost industrial activity. In a bright spot for the economy, both the inflation indices are ebbing down, providing relief to the policymakers. The softening of CPI and WPI inflation is attributed essentially to downward drift in the momentum of food prices assisted by favourable monsoon which has led to record food-grain output in the kharif season. The fall in prices could also be partly reflective of the demonetisation impact, which has led to lower demand in the economy due to a cash crunch. The moderate inflation scenario has rightly facilitated the RBI decision to retain the accommodative policy stance and will encourage RBI to further reduce rates. US Federal Reserve expectedly raised interest rate by 25 bps in first week of December 2016 — its first (and only) rate hike in 2016 and the second since the monetary policy normalization cycle began in December 2015. The Federal Open Market Committee (FOMC) judged that in light of realized and expected labour market conditions, as well as the progress on the inflation front, it was deemed ap- propriate to hike the Fed Funds rate. Given the resumption of the normalisation process, future policy moves are likely to be dependent on incoming data prints, which will remain critical. Any expansionary fiscal stimulus from the incoming regime at the White House may spur inflation, and cause a faster pace of rate hikes than anticipated.
On the domestic front, Indian equities corrected sharply post the FY20 Union Budget announcement on 5th July 2019 due to uncertainty emanating from a couple of proposals pertaining to: 1) Increase in taxes for FPIs accessing the Indian equity markets through the ‘Trust’ route; and 2) potential supply side pressures for equity markets (increase in free float requirement from 25% to 35% coupled with relaxation on minimum threshold of 51% Government ownership for PSUs including the shareholding of Government controlled institutions). Post the budget, equity and bond markets have witnessed divergent trends.
Read the full document to know more.
Indian equity benchmarks recorded
splendid performance in September 2019 and clocked their
biggest single-day jump in 10 years on September 20, 2019,
following the announcement of corporate tax cut and other
measures by the government to boost the economy.
Benchmark S&P BSE Sensex and Nifty 50 ended the month with nearly 4% gains.
Read the full document to know more.
Highlights:
- Annual inflation rose in May, indicating sustained demand
- GDP growth stable and moderate in the first quarter of 2015
- Annual wage growth gradually decreasing
In Focus:
- Economic situation and forecasts – growth slows down, risks remain high; by Igors Kasjanovs
In the current issue of Economy Matters, we analyse the growth trends emanating out of China, Japan and US, in the section on Global Trends. In Domestic Trends, data trends in IIP, inflation and trade are analysed. The Sectoral Spotlight for this issue is on ‘Employment Potential of the Road Transport Sector’. In Focus of the Month, we evaluate the three recently released reports by DIPP, World Bank and World Economic Forum on State of Competitiveness in India.
South Africa’s growth outlook has improved, but this is largely due to short-term cyclical factors. structural reforms are needed to push the growth rate sustainably higher.
In this issue of Economy Matters, we analyse the recent Fed rate hike and Euro Zone economic prospects, in the section on Global Trends. We have covered data trends in GDP, IIP, Inflation, Monetary Policy and Trade in the Domestic Trends section. Find out the results of 2QFY16 In Corporate Performance section. Taxation section covers the views of Sumit Dutt Mazumder, former Chairman of CBEC on GST. The Sectoral Spotlight for this issue is on Financial Conditions Index for 3QFY16. Read Focus of the Month, to know about ‘Skilling India’, wherein experts from diverse areas present their views.
In the current issue of Economy Matters, we cover the implications of Brexit for Britain and India, update on recent forecasts by World Bank, economic prospects of US economy and European Central Bank’s policy stance in the section on Global Trends. In Domestic Trends, Mr. Ajay Shriram, Past President, CII writes an article on the two years of Modi Government. Additionally, we also analyse the trends emanating out of the recent releases on GDP, IIP, Inflation, Monetary Policy, Trade and Balance of Payments. In Corporate Performance section we examine the corporate profitability trends for firms for the year FY16. From this issue, we have introduced a new section named as Policy Focus, in which we analyse the key policy documents released during the May-June 2016. In Focus of the Month, we cover the topic ‘India’s Trade & International Alliances’.
Macroeconomic Developments Report. December 2018Latvijas Banka
Macroeconomic Developments Report:
External Demand;
Financial Conditions;
Sectoral Development;
GDP Analysis from the Demand Side;
Labour Market;
Costs and Prices;
Conclusions and Forecasts;
The Fiscal Impact of Inequality Measures. Analysis of Scenarios.
The SVB Asset Management Economic Report, Q2 2017, is a review of and outlook on economic factors that impact global markets and business health.
In this edition, the team discusses the U.K.’s Article 50 notice and the FOMC’s current path towards normalization. The report also examines the Trump Administration’s first 100 days in office and current business sentiment.
The global economy effects on commodity dependent countries like zambiaKampamba Shula
On the 17th of November 18, 2016 I made a presentation at the FNB Financial Journalism academy on “The Global Economy Effects on Commodity dependent countries like Zambia”. It was well received. Below are some of the highlights
It is widely accepted that Indian economy is recovering, albeit slowly, from the disruptions created by demonetization (November 2016) and implementation of GST (July 2017). The GDP growth is forecast to recover from below 6% in FY17 to more than 7% in FY19. At this rate, India will be the fastest growing economy amongst all major global economies.
The positives are all well known and appreciated by markets and global agencies, as the entire government machinery is busy marketing these.
Nonetheless, for investors, it is important to take a note of the red flags that are too conspicuous and could have serious repercussions on the sustainability of the economic recovery and hence corporate earnings.
Highlights
• Economic slump has bottomed out – expect slow recovery ahead
• 2009-10 growth forecasts will be revised upwards by most as the year progresses
• Expectations of global growth resurgence fuels commodities and crude prices
• Dollar dives, rupee surges to 47 - more trouble for exporters ahead
• Fuel price deregulation on the cards
• But all is not well – and overheated stock markets need to cool a bit
India: Kal, aaj aur kal
The numbers all seem to be looking up, the stock markets all seem to be rising once again, and cheer is back. There is spring in the air. One wonders what happened suddenly to make everything so nice. Anyhow, things as predicted are improving – largely because of heavy government interventions internationally. The lower interest rates in India are also starting to have their impact – this was all predicted, as interest rate reductions take some time to play out. But what is also predicted is that things will take a few months more to stabilise - we estimate growth for this financial year to be an unexciting 6.6%.
The forthcoming Union Budget will be presented against the backdrop of heightened expecta- tions that the government would unravel reform-centric policies and action plan which would rejuvenate our growth drivers and transform the economy. In 2017, industry expects a reform- ist and visionary budget from the government. We would like to see a cut in corporate and personal income tax rates accompanied by higher public investments for which the resources will be made avail- able through various means such as disinvestment and asset recycling. The recent demonetisation of high value notes is expected to yield an increase in tax revenue as well as an increase in the tax base. Challenges such as slack domestic and global demand would need to be addressed, and urgent policy action is needed so that the economy can achieve a sustained and inclusive growth of around 8 per cent in the near future. On the domestic front, the contraction in industrial output in October 2016 is a matter of concern. How- ever, going forward, normal monsoons, which should improve rural demand, along with the lagged im- pact of interest rate reductions and 7th pay commission handouts are expected to cushion demand in the future and boost industrial activity. In a bright spot for the economy, both the inflation indices are ebbing down, providing relief to the policymakers. The softening of CPI and WPI inflation is attributed essentially to downward drift in the momentum of food prices assisted by favourable monsoon which has led to record food-grain output in the kharif season. The fall in prices could also be partly reflective of the demonetisation impact, which has led to lower demand in the economy due to a cash crunch. The moderate inflation scenario has rightly facilitated the RBI decision to retain the accommodative policy stance and will encourage RBI to further reduce rates. US Federal Reserve expectedly raised interest rate by 25 bps in first week of December 2016 — its first (and only) rate hike in 2016 and the second since the monetary policy normalization cycle began in December 2015. The Federal Open Market Committee (FOMC) judged that in light of realized and expected labour market conditions, as well as the progress on the inflation front, it was deemed ap- propriate to hike the Fed Funds rate. Given the resumption of the normalisation process, future policy moves are likely to be dependent on incoming data prints, which will remain critical. Any expansionary fiscal stimulus from the incoming regime at the White House may spur inflation, and cause a faster pace of rate hikes than anticipated.
On the domestic front, Indian equities corrected sharply post the FY20 Union Budget announcement on 5th July 2019 due to uncertainty emanating from a couple of proposals pertaining to: 1) Increase in taxes for FPIs accessing the Indian equity markets through the ‘Trust’ route; and 2) potential supply side pressures for equity markets (increase in free float requirement from 25% to 35% coupled with relaxation on minimum threshold of 51% Government ownership for PSUs including the shareholding of Government controlled institutions). Post the budget, equity and bond markets have witnessed divergent trends.
Read the full document to know more.
Indian equity benchmarks recorded
splendid performance in September 2019 and clocked their
biggest single-day jump in 10 years on September 20, 2019,
following the announcement of corporate tax cut and other
measures by the government to boost the economy.
Benchmark S&P BSE Sensex and Nifty 50 ended the month with nearly 4% gains.
Read the full document to know more.
Highlights:
- Annual inflation rose in May, indicating sustained demand
- GDP growth stable and moderate in the first quarter of 2015
- Annual wage growth gradually decreasing
In Focus:
- Economic situation and forecasts – growth slows down, risks remain high; by Igors Kasjanovs
In the current issue of Economy Matters, we analyse the growth trends emanating out of China, Japan and US, in the section on Global Trends. In Domestic Trends, data trends in IIP, inflation and trade are analysed. The Sectoral Spotlight for this issue is on ‘Employment Potential of the Road Transport Sector’. In Focus of the Month, we evaluate the three recently released reports by DIPP, World Bank and World Economic Forum on State of Competitiveness in India.
South Africa’s growth outlook has improved, but this is largely due to short-term cyclical factors. structural reforms are needed to push the growth rate sustainably higher.
India Union Budget 2016 - An Overview | A BDO India PublicationOperations BDO
Dear Reader, India Budget 2016 was delivered by the Finance Minister, Mr. Arun Jaitley on February 29,2016. This Budget appears a sincere attempt to deliver on key expectations and address major challenges within the economic constraints. The budget has been spelt with fiscal consolidation at the core defining the pillars for growth of the economy and leaves a lot of the year to unfold. BDO India LLP brings together an analysis of key changes set out in the Union Budget in their proprietary: INDIA UNION BUDGET 2016 - An Overview.
CII’s flagship monthly publication Economy Watch has been now revamped and rechristened as ‘Economy Matters’. Apart from encompassing all the key features of the old version, the new issue also carries a new section on Corporate Profitability to keep readers abreast about the latest trends in corporate performance. The ‘Economy Matters’ brought out by CII Research seeks to provide an in-depth update on current trends in the domestic and international economy and helps in tracking policy developments and understanding industry dynamics.
The Union Finance Minister Shri Arun Jaitley tabled the Economic Survey 2016-17 today, the first day of the Budget Session of the Parliament. The Economic Survey says that the adverse impact of demonetisation on GDP growth will be transitional and the economy will recover with remonetisation. The Survey states that once the cash supply is replenished, which is likely to be achieved by end of March 2017, the economy would revert to normal. The GDP growth in 2017-18, as per the survey, is projected to be in the range of 6¾-7½ percent.
The Survey suggests a few measures to maximise long-term benefits and minimise short-term costs. One, fast remonetisation and early elimination of withdrawal limits. This would reduce GDP growth deceleration and cash hoarding. Two, continued impetus to digitalisation while ensuring that this transition is gradual and inclusive, and appropriately balances the costs and benefits of cash versus digitalisation. Three, following up demonetisation by bringing land and real estate into the GST. Four, reducing tax rates and stamp duties.
This is an analysis and brief overview document on the Survey
India Economic Survey 2017 by Edelman IndiaAklanta Kalita
The Union Finance Minister Shri Arun Jaitley tabled the Economic Survey 2016-17 today, the first day of the Budget Session of the Parliament. The Economic Survey says that the adverse impact of demonetisation on GDP growth will be transitional and the economy will recover with remonetisation. The Survey states that once the cash supply is replenished, which is likely to be achieved by end of March 2017, the economy would revert to normal. The GDP growth in 2017-18, as per the survey, is projected to be in the range of 6¾-7½ percent.
The Survey suggests a few measures to maximise long-term benefits and minimise short-term costs. One, fast remonetisation and early elimination of withdrawal limits. This would reduce GDP growth deceleration and cash hoarding. Two, continued impetus to digitalisation while ensuring that this transition is gradual and inclusive, and appropriately balances the costs and benefits of cash versus digitalisation. Three, following up demonetisation by bringing land and real estate into the GST. Four, reducing tax rates and stamp duties.
M&A dealscape highlights the M&A deal activity in India over the last 4 quarters (July 2017 to June 2018), together with insights on macro-economic scenario and key deal rationales by sector.
International business1. What is the current status of Pakistan in.pdflohithkart
International business
1. What is the current status of Pakistan in the world market place? support your answer with
research. please give citiation.
2. What is the ease of doing business in Pakistan? support your answer with research. please give
citiation.
3. Are other countries wanting to invest in Pakistan? support your answer with research. please
give citiation.
4. What do you see as the future of your country in the world market place? support your answer
with research. please give citiation.
Solution
Answer 1). According to World Bank report Pakistan ranks fourth in terms of value (4.2 billion
dollars) with the same global market share as Sri Lanka, although apparel’s share of total country
exports is lower at 19 percent. Foreign direct investment (FDI) has not played an important role;
in the apparel sector, the share of foreign-owned firms is estimated to be less than 2 percent, and
only slightly higher in the textile sector. Wages and working conditions are better in the formal
industry than in the large cottage sector, but short term or temporary contracts are widely used,
particularly for women. The September 2012 factory fire in Karachi recently highlighted poor
safety standards in the country. Pakistan can benefit from the following policies: increase
product diversity by reducing barriers on imports so as to ease access to manmade fibers (such as
duty and tax remission for exports, and export processing zones); attract foreign direct
investment (FDI) by adopting policies to reduce red tape and increase transparency to close the
gap with South Asian countries whose textile and apparel industries are located primarily on the
coast; diversify markets by taking advantage of access to emerging markets; shorten lead times
by improving road infrastructure to facilitate access to ports for exporting firms; shorten lead
times by clustering strategies to provide key infrastructure and common facilities; enhance
perceptions of stability as many buyers will not travel to Pakistan, which makes sourcing
complicated.
Answer 2) Pakistan has slipped three places on the Word Bank’s Ease of Doing Business Index
and is now ranked a lowly 147th among 190 economies, denting the government’s pro-business
image ahead of next general elections.
The index is mostly used as a guide by foreign investors to learn more about a country, aiding
decisions on pouring in money in the economy.
Pakistan, however, slipped from its last year’s rating despite the introduction of some reforms in
areas of starting a business and making international trade relatively easier. If one government
department is to be blamed for the overall poor performance, it is the Ministry of Finance, as the
country’s ranking nosedived on the indicators of paying taxes and getting credit.
The World Bank released the Doing Business 2018 report on Tuesday that covers 190 economies
and measures how close each economy is to global best practices in business regulations.
In South Asia, Bhutan.
Similar to Thailand Blockchain Community Initiative (20)
Legal statement on cryptoassets and smart contract uk jurisdiction taskforceRein Mahatma
The Legal Statement has been prepared by Lawrence Akka QC, David Quest QC, Matthew
Lavy and Sam Goodman, all of whom are experts in this field. It is not my role as a judge,
nor that of the UKJT or its parent, the UK’s LawTech Delivery Panel, to endorse the contents
of the Legal Statement. Instead, the UKJT has promoted several rounds of public and
private consultation so as to ensure that the drafting team were considering the right legal
questions, and had the benefit of the most respected expert, technical, legal, judicial and
academic opinion.
The objective of the Legal Statement is to provide the best possible answers to the critical
legal questions under English law. I am sure that it will demonstrate the ability of the
common law in general, and English law in particular, to respond consistently and flexibly
to new commercial mechanisms
According to the blueprint, 140 government service applications are already on the blockchain. These applications are divided into three categories: "data sharing and exchange", "business collaborative processing" and "electronic certificate and certificate storage". The official in charge of the blueprint said:
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Neuro-symbolic is not enough, we need neuro-*semantic*Frank van Harmelen
Neuro-symbolic (NeSy) AI is on the rise. However, simply machine learning on just any symbolic structure is not sufficient to really harvest the gains of NeSy. These will only be gained when the symbolic structures have an actual semantics. I give an operational definition of semantics as “predictable inference”.
All of this illustrated with link prediction over knowledge graphs, but the argument is general.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
Key Trends Shaping the Future of Infrastructure.pdfCheryl Hung
Keynote at DIGIT West Expo, Glasgow on 29 May 2024.
Cheryl Hung, ochery.com
Sr Director, Infrastructure Ecosystem, Arm.
The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualityInflectra
In this insightful webinar, Inflectra explores how artificial intelligence (AI) is transforming software development and testing. Discover how AI-powered tools are revolutionizing every stage of the software development lifecycle (SDLC), from design and prototyping to testing, deployment, and monitoring.
Learn about:
• The Future of Testing: How AI is shifting testing towards verification, analysis, and higher-level skills, while reducing repetitive tasks.
• Test Automation: How AI-powered test case generation, optimization, and self-healing tests are making testing more efficient and effective.
• Visual Testing: Explore the emerging capabilities of AI in visual testing and how it's set to revolutionize UI verification.
• Inflectra's AI Solutions: See demonstrations of Inflectra's cutting-edge AI tools like the ChatGPT plugin and Azure Open AI platform, designed to streamline your testing process.
Whether you're a developer, tester, or QA professional, this webinar will give you valuable insights into how AI is shaping the future of software delivery.
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
Let's dive deeper into the world of ODC! Ricardo Alves (OutSystems) will join us to tell all about the new Data Fabric. After that, Sezen de Bruijn (OutSystems) will get into the details on how to best design a sturdy architecture within ODC.
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
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JMeter webinar - integration with InfluxDB and GrafanaRTTS
Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
JMeter webinar - integration with InfluxDB and Grafana
Thailand Blockchain Community Initiative
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“Thai Economy: The Current State and the Way Forward”
Keynote Address by Dr. Veerathai Santiprabhob
Governor of the Ban of Thailand
Nomura Investment Forum Asia 2018
5 June 2018 / Singapore
Distinguished guests,
Ladies and gentlemen,
A very good morning to you all.
I would like to thank Nomura for inviting me here to share my thoughts on the
current state and outlook of the Thai economy.
For today’s talk, I have two main agendas. First, I will talk about the current
state of the Thai economy where I will discuss recent developments and its prospect
ahead. Second, I will talk about Bank of Thailand’s roles to help transform the Thai
economy into one with greater productivity, better economic prospect, and more
inclusivity.
As many of you know, the Thai economy has weathered several storms over
the past few years. On the external front, changes in the political landscape and
macroeconomic policies of major economies have brought about not only financial
market volatility throughout the region but also greater uncertainty to global trade.
On the domestic front, Thailand experienced major droughts and floods that affected
agricultural prices and output, and most significantly the passing of His Majesty the
late King Bhumibol a year and a half ago that caused the greatest grief and sorrow
among all Thais. Yet the Thai economy stood firm and was able to continue
expanding steadily, thanks to both sound economic fundamentals and a well-
diversified economy which underpinned Thailand’s resilience against shocks. In 2017,
the Thai economy recovered markedly and achieved an annual GDP growth of 3.9
percent. Merchandise exports grew 9.7 percent in USD terms, highest in the past 6
years, and was one of the main drivers of growth. The tourism sector continued to
perform well, with the number of tourists reaching new highs of over 35 million. The
economy is expected to continue a strong momentum this year, with GDP growth in
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the first quarter registering an impressive rate of 4.8 % year on year, the highest in 5
years, with private investment growth recording a 3-year high.
Nevertheless, this recent economic upturn is different from the other episodes.
Indeed, the GDP outturn and macroeconomic numbers showed strong improvements
over the previous years, but a closer look revealed that growth was uneven across
different segments of the economy. At the same time indicators such as the
unemployment rate and NPL ratios were rising slightly between 2015 and 2017. This
is contrary to what you would expect to see when the macroeconomy performs
better. Although both unemployment rate and NPL ratios have recently stabilized,
their developments reveal that some segments of the economy did not benefit much
from the economic recovery. In my view, there are at least three reasons behind
these developments.
First, the recovery has primarily been driven by external demand. Hence
growth benefits are felt mostly by those associated with the external sectors. The
robust recovery momentum on the global scale has resulted in a strong expansion
of Thai exports across product categories and export destinations. In addition, the
Thai tourism sector has grown consistently with steady increases in the number and
quality of tourists. Therefore, it is not surprising to see businesses associated with
exports of goods and services enjoying the benefits from the improved external
demand. Domestic demand growth, however, is still proceeding at a gradual pace.
Despite a continuous recovery, private consumption growth remains well below that
of GDP, registering within the 3 percent range. And until recently, private investment
growth had concentrated mainly in the export sector. Overall, the large current
account surplus of 10.5 percent to GDP last year summarizes the pattern of economic
recovery and reflects the imbalance between the external and domestic demand.
Second, the rural economy has been exposed to more adverse shocks than its
urban counterpart. Specifically, several populist measures including the controversial
rice pledging scheme were withdrawn, together with adverse weather conditions
such as severe droughts in 2016 and floods in 2017 as well as declines in global prices
of key export crops especially rubber and rice, all constituted negative income shocks
to farmers. In addition, rural entrepreneurs, which are mostly SMEs, tend to be less
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productive and might not be able to compete with larger firms who are better
equipped with capital and technologies. Thus, larger and productive firms are able to
reap the benefits of economic recovery and adapt to changes in the new business
environment. Indeed, the difference in business performance between medium-sized
and large firms in the stock market has been widening. This is evidenced by several
financial indicators including the return on assets and the net profit margin. These
developments partly explains why the NPL situation has yet to improve for SMEs
across the board, while we see improvement in loan quality among large corporates
in the same sectors.
The third reason for the uneven economic recovery is the impaired function
of the spending multiplier. Usually, when recovery starts to emerge in certain
segments of the economy, the multiplier effect of spending should create positive
spillovers to the other parts of the economy, thereby securing a more broad-based
recovery over time. However, export-oriented firms which currently spearhead the
ongoing economic recovery are capital-intensive. They utilize more machinery rather
than relying on labor. Thus, positive spillovers to employment are less prevailing. This
partly explains why the manufacturing employment growth has been rather moderate
despite strong export growth and pickup in the manufacturing production index.
Furthermore, having a high level of household debt, especially during the debt
deleveraging period, dampens this multiplier mechanism. This is because households
have to use additional income to service their debt obligations rather than spending
on goods and services. While there are signs of household debt being deleveraged,
as reflected by a continuous decline in the ratio of household debt to GDP which fell
from 79.0 percent in 2016 to 77.5 percent by the end of last year, debt burden
remains high especially for lower-income households.
Ladies and gentlemen,
I have been talking about factors behind the uneven economic performance
of the last few years. Going forward, the economic recovery is expected to be more
broad-based and I want to highlight a few of these positive developments.
First, export growth, our main growth driver, is becoming more broad-based as
growth has now extended beyond larger players. In fact, export growth rate of SMEs
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has become more or less on par with that of larger firms. Domestic demand is also
gaining traction with a steady growth in private consumption, and a pickup in private
investment since the third quarter of last year especially from imports of capital
goods.
Second, the government has directly stepped up various stimulus measures to
support the rural economy. Last year, the government introduced the supplementary
budget with a particular focus on local infrastructure development, and the Welfare
Card Scheme which aimed to support daily expenditures among poorer households.
This year, the new supplementary budget is allocated to vocational training as part
of the second phase of the Welfare Card Scheme, development of local community
enterprises, as well as water resource development to improve productivity within
the agricultural sector. This, together with the increase in the minimum wage in April,
will support the rural economy and the well-being of the lower-income group.
Third, the multiplier effects should improve on the back of increasing public
and private investment. While some of the government infrastructure projects were
deferred from last year partly due to the new government procurement system. This
year progress should have a better outlook since many projects have gone through
the bidding and procurement processes, with material progress underway. These
projects include, among others, 4 of the 5 dual-track railway projects that would
greatly improve upon the logistics network between major cities and industrial estates
in central and northeastern Thailand. We can expect to see these dual-track railways
up and running from 2019 and 2020 onwards. Our Mass Transit System is also being
upgraded with 3 new metro lines in Bangkok that will extend from key stations in the
cities to residential areas in outer Bangkok. Two of these projects, particularly the
Green and Orange lines, are under construction and should be completed by 2021
and 2023, respectively. Other infrastructure projects in construction include the
Bangkok-Korat high speed train and the expansion of the Suvarnabhumi Airport which
are also expected to be completed in a few years. On the private side, private
investment is expected to gain further momentum as evidenced by growing imports
of capital goods as well as investment spending in machinery and equipment. This is
in line with private credit growth which has picked up since the beginning of 2017.
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Given these outlooks, we expect the growth momentum to be more balanced
with a stronger contribution from domestic demand. In our March forecast, the GDP
growth for both 2018 and 2019 was projected at 4.1 percent. These figures are likely
to be revised up given better-than-expected growth outturns in the first quarter this
year. Headline inflation in April and May has turned up above the lower bound of our
target, which is set at 2.5±1.5%, mainly due to the recent pickup in energy prices. Yet
inflationary pressure remains soft overall and we must continue to closely monitor
inflation developments once these supply-driven fluctuations fade. Over time,
improvement in domestic demand and rising energy prices are expected to bring
about higher inflation, although it is likely that headline inflation would still remain
below the midpoint of the target over the year. For now, an accommodative
monetary policy stance would be maintained to foster a strong economic growth and
facilitate the return of inflation to the target. Going forward, the Monetary Policy
Committee will closely monitor the strength of growth momentum, inflationary
pressure as well as underpricing of risks in the financial system that could lead to
financial fragility and financial stability concerns.
Ladies and gentlemen,
So far, I have given you an overall near-term summary of the Thai economy.
Let me now move on to the second part of my talk which looks further into the
backbone of Thailand’s economic growth engine over a longer horizon. In particular,
I want to focus on Bank of Thailand’s roles to help transform the Thai economy into
one that is more efficient, more productive, and more inclusive.
But before doing so, let me give you a quick summary on a broader perspective
regarding the new economic platforms in Thailand which have emerged over the past
few years. Chief among them is the new investment platform in the Eastern Economic
Corridor or the EEC in short. The EEC, as many of you know, is an economic zone
specifically designed to bring about large infrastructure upgrades and provide
extensive investment incentives for high value-added industries. The continuity of
this investment platform is ensured regardless of any political changes now that the
EEC Act has come into effect since May. Last year, we have seen the value of net
investment applications under the Thailand Board of Investment privilege program
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grew by 23 percent, almost half of which are investment in the EEC. The high speed
train project to connect U-Tapao Airport with major cities within the EEC and two
main airports in Bangkok has been announced with the TOR of this project now
available for potential bidders. The TOR for Laem Chabang seaport upgrade will also
be announced in a few months’ time.
In addition to the EEC Act, various legal amendments and process
improvements were implemented over the past couple of years to improve the ease
of doing business in Thailand and ensure that laws can be adjusted to accommodate
new business practices in a timely manner. With these reforms, Thailand’s position in
the World Bank’s Doing Business Ranking improved from 46th
in 2017 to 26th
in 2018,
and we should continue to see further improvements in the ease of doing business
in Thailand going forward.
Another important development, which provides a strong foundation for digital
economy, is the nationwide broadband internet project. Over the past years, the
project has brought fiber optics network to almost 25,000 villages in remote parts of
the country, enabling access to free-WiFi hotspots as well as home broadband at
affordable prices. As such, human capital development can improve greatly through
better access to online information, remote education, and online healthcare
services. Business opportunity can also be greatly expanded with greater access to
online marketing platforms and more cost-effective communication tools. This new
and expanded online connectivity is a critical milestone which will bring economic
opportunity and productivity to people in the rural area whose potential has been
limited by the previous lack of supportive infrastructure to connect with the modern
world.
Ladies and gentleman,
Let me now turn to Bank of Thailand’s initiatives to help uplift Thailand’s long-
term competitiveness. Thailand is transitioning to a new era of digital payment system
and financial technology in which the Bank of Thailand is fully committed to foster.
First and foremost, electronic payment infrastructures must be put in place to
realize the full potential of digital economy. Under the National e-Payment
Masterplan, last year the Bank of Thailand together with the Ministry of Finance and
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the Thai Bankers’ Association launched our new faster payment system – PromptPay
– which propelled the wider adoption of e-payment in Thailand. PromptPay is an
instant payment platform that links bank accounts to various forms of identification
including national ID numbers and mobile phone numbers. With PromptPay, funds
can be transferred to a recipient’s preferred bank account in real time and at virtually
no cost. This new technology has significantly boosted the usage of mobile banking,
and has potential to lead to significant growth in e-commerce in Thailand as well as
to radically change the way government welfare payments are distributed. In just
over a year since the launch of PromptPay, there are over 40 million IDs registered
on the platform and more than 2.7 million transactions a day. The increasing usage
of PromptPay also served as a catalyst that eventually led to the announcements of
most commercial banks two months ago, to eliminate transfer fees for all transfers
through mobile and online banking. All in all, PromptPay provides a crucial payment
infrastructure which opens the door to many other digital payment services.
Another initiative of the Bank of Thailand to promote digital payment services
is the Thai standard QR code for payment. The Standardized QR Code makes e-
payment seamless across platforms regardless of which bank or non-bank service
provider merchants and consumers are using. In just eight months since its
implementations, more than two million merchants in Thailand now accept e-
payment through QR code, and this figure will continue to grow. Having a common
standard for QR code will indeed generate benefits beyond payment convenience.
The common standard will help ensure that no incumbent service providers has an
advantage of locking merchants with their QR formats, and allow new and innovative
payment service providers to easily enter the market. The standard will also help
facilitate the move towards information-based lending for SMEs as their payment
transaction information can be consolidated. Given that the payment standard was
developed together with five global credit card companies using EMVCo, it could
serve as a platform to enhance financial connectivity in the region. Thai banks and
payment service providers have begun to work with partners in our neighboring
countries to facilitate cross-border payments using the standardized QR code.
This standardized QR code was a product that went through the Bank of
Thailand’s regulatory sandbox. Going forward, there are a few high-impact
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technologies or applications which are being developed and tested in the Bank of
Thailand’s regulatory sandbox. The first one is an extension of our standardized QR
code to include other means of payment, including credit card. This could bring down
the number of fraudulent transactions, and markedly reduce the merchant discount
fees for credit card payments.
The second one is the blockchain technology which we are working closely
with the financial industry to apply them to various banking applications. ‘Thailand
Blockchain Community Initiative’ was officially announced at the Bangkok FinTech
Fair in March of this year. This initiative is a collaboration between 14 Thai banks and
7 leading businesses and state-owned enterprises to utilize blockchain technology in
financial services, starting with a pilot project to offer blockchain-based letters of
guarantee. This project is expected to become operational in the second half of this
year. On a longer horizon, the blockchain technology is also planned to be applied
to supply chain finance to improve authentication efficiency which would facilitate
real sector activities. Other blockchain related projects in the pipeline include
scriptless bond issuance which would significantly speed up saving bond allocation
to retail investors from 15 days to 2 days, as well as granting more flexibility for bond
issuers. The proof-of-concept of this project is almost complete, and production is
expected to begin in the very near future. Another project in the pipeline is the
“Project Inthanon” in which the Bank of Thailand and banks will co-develop a new
way of conducting interbank settlement using wholesale central bank digital currency
or CBDCs. Like other central banks, our goal is not to immediately bring CBDC into
use, but rather to explore its potential and implications for back office operations.
These efforts should pave way for faster and cheaper transaction and validation due
to less intermediation process needed compared to the current systems.
So far, I have discussed the Bank of Thailand’s role as a catalyst for digital
infrastructure development and as a facilitator of innovation. One should not forget
that our core mandate is being a regulator to safeguard financial stability. To this end,
we proposed the new Payment Systems Act which became effective earlier this April.
The Act unifies previously fragmented payment laws and regulations under a single
Act, and empowers the Bank of Thailand with the authority to both regulate and
oversee development of Thai payment systems in a manner conducive to new
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payment innovations. Beside the Payment Systems Act, supervisory practices are also
being updated to improve and safeguard cyber security risks. The updated guidelines
on management of information technology risks of financial institutions were released
in December last year to ensure that banks have appropriate governance structure in
place and can swiftly respond in the event of cyberattacks. Our efforts also extend
to ensuring safety of the payment system, and awareness among both financial
service providers and consumers.
Let me now turn to another area that is important for our region, which is the
promotion of regional financial connectivity. Over the years, the Bank of Thailand has
made multiple arrangements with regional central banks to support the use of local
and regional currencies in trade and investment. This will reduce transaction costs
and mitigate exchange rate risks under today’s volatile financial market conditions. In
addition, direct exchange rate quotations for currency pairs involving the Thai baht
are now available including the Chinese Yuan, the Malaysian Ringgit, the Indonesian
Rupiah, and, most recently, the Japanese Yen.
On top of promoting local currency usage, the Foreign Exchange Regulation
Reform implemented last year would further complement regional financial
connectivity by making foreign exchange-related transactions more flexible and
accessible. To give a few examples, foreign exchange transaction form was
completely abolished; qualified companies are now allowed to conduct foreign
exchange transactions and hedging based on their own risk management practices
without having to request for approval on a transactional basis; commercial banks
are also allowed to provide loans in Thai baht to non-residents investing in the region;
and the coverage of qualified investors allowed to directly invest abroad has been
expanded to include retail investors within a wider range of wealth.
All in all, the outlook and prospect of digitalization and regional financial
integration look very promising and the Bank of Thailand will continue to facilitate
timely development of new financial innovations while also safeguarding financial
stability in an efficient and business-friendly manner to ensure a smooth and
successful transition of the Thai economy.
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Ladies and gentleman,
I have now come to the end of my talk and let me give you a brief summary
of what I have said today. The Thai economy continues to expand at a good pace
with merchandise exports and tourism so far being the main drivers of growth.
Although growth benefits have not spilled over to other segments of the economy
as much as we would like to see, domestic demand is improving and we expect a
more robust and more balanced GDP growth this year. On a longer horizon, Thailand
is undergoing major transformation with the emergence of several promising
economic platforms and the ongoing transition towards a new era of digital financial
and payment services, all of which will unlock Thailand’s economic potential, uplift
productivity, and bring about more inclusive growth. The Thai government and the
Bank of Thailand, in its various capacities, are committed to making these
achievements possible.
Thank you very much for your attention.