ASEAN
Thailand Boasts the Highest Entrepreneurial Spirit in the ASEAN Region

According to a 2018 study by the World Economic Forum, Thailand boasts the highest entrepreneurial spirit in the ASEAN region. 26% of Thais polled in the area already ran their businesses, and a further 36% planned to in the future.
When asked why they’d prefer to work for themselves, it’s for the earning potential. The fact that they’ll be autonomous comes in second. Interestingly enough, globally, 55% of people start businesses to gain professional control rather than for money. Perhaps the difference is that we already understand that the two work hand in hand in Thailand.
Whatever the reason is, you’ve decided to start a business. Do you have what it takes to become a tycoon in Thailand? Read this post and find out.
Is This the Correct Time to Start a New Venture?
Starting a business is relatively simple. If you’re creative, you won’t even need a ton of cash. According to the World Bank, Thailand is a “development success story,” moving from a low-income country to a high-income country in a short period.
The Bank goes on to state that COVID-19 has had a significant impact on growth. Combined with the political protests and the lack of tourism income, Thailand’s economy seemed to be in dire straits, but we’ve been in worse situations.
The strengthening of the baht between October and November made the currency the second best-performing one in ASEAN. News that the coronavirus vaccine has been approved for use gives renewed hope that tourists will soon be welcomed back.
While the present situation doesn’t seem conducive to starting a new business, it may well be the best time to begin.
Why?
With the current economic climate and millions of Thais being out of work, the internal talent pool is large. Those who don’t have jobs may be willing to work for a lower wage. Renting premises might also be less expensive at this time. Suppliers may be willing to negotiate more favorable terms to secure your business.
On the other side of the coin, building a client base may be difficult. Deciding on the correct product or service to offer requires intensive market research.
Are You Prepared to Work Hard?
Getting a business off the ground is difficult at the best of times. Starting one as we’re coming out of a global pandemic isn’t going to make it easier. Be prepared to put in long days and nights to turn your dream into reality.
One of the advantages of working for yourself is that you keep the money that you earn. One of the disadvantages is that you also bear all of the responsibility. Having savings to rely on for living expenses for the first year or so will make life easier for you.
Do You Have a Unique Value Proposition?
Every entrepreneur has a vision about how their product or service will revolutionize the industry. Now’s the time to objectively evaluate how revolutionary your idea is. Do other companies provide something similar? If so, what do you do that adds value to the process?
If your idea is truly unique, why has no one thought of it before? Is it something new because the technology wasn’t there previously? Or is it because it’s an unworkable solution that the market doesn’t really want? Will your target market switch over to the new product or service or resist doing so?
Let’s use an analogy here.
Let’s say that we have a one-lane bridge crossing a river. It’s been used for years but is always congested during peak periods. A company comes along and decides to build a toll bridge further upstream. The bridge has four lanes and will easily cope with peak traffic. Does this solve the dilemma?
At first glance, it’s a good solution, but in reality, it may not work.
Why?
It requires that people go out of their way to use the new bridge. It’s not a huge detour, but a large enough one to be inconvenient. What’s more, the locals resent paying the toll when they can use the more convenient bridge for free.
Don’t fall into the same trap by doing copious market research upfront.
How Sustainable Is Your Business?
The next question to ask is whether you’ll make a living from the business. Say, for example, that you sell the best brooms available. They’re sturdy and last well. Initially, the sales may go well as people stock up on a useful item.
Over time, however, sales have slowed down—people only need one broom per household, and yours don’t break. While the idea is solid, it may not be as sustainable as you’d like. You could approach this one of two ways:
- Make a product designed to fail: A dangerous plan because you risk your business’s reputation.
- Design complementary consumable products: What about selling rubbish bags and other household cleaning essentials?
Set a Clear Business Plan
Some entrepreneurs take each day as it comes without any plan. It’s a strategy that seldom bears fruit and is extremely stressful. Creating a clear business plan helps you to refine your vision for your business.
It clarifies your target market, enabling you to optimize your marketing efforts. It further provides a clear route forward and benchmarks against which to measure success. The plan may be adjusted over time, but consider it a roadmap to success.
Final Notes
Setting up your business may be one of the most difficult challenges you undertake. The rewards, however, are more than worth the effort. If you work hard, take time to research the market, consider finding a mentor to guide you, and create a clear vision of what to achieve, you could be a Thai tycoon.

ASEAN
Thailand Touts Peace Plan With ASEAN Partners for Myanmar

Thailand has urged that three or more ASEAN member countries collaborate to engage with Myanmar’s military regime in order to alleviate the crisis and bring peace to the conflict-torn country, while keeping steadfast in its commitment to humanitarian aid and peace promotion.
Foreign Affairs Ministry spokesman Nikorndej Balankura said on Wednesday that Thailand had coordinated with Laos, the current Asean chair, to arrange what it terms Asean “Troika” and “Troika plus” talks to restore peace in Myanmar.
The Asean Troika is a community of foreign ministers from the bloc’s previous, current, and prospective chair countries [Indonesia, Laos, and Malaysia]. The term “plus” refers to other Asean members who are interested in promoting peace or concerned about the problem.
Mr Nikorndej stated that the proposed meetings are most likely to take place in Thailand and restated the country’s willingness to mediate negotiations between Myanmar’s junta and resistance organizations.
He stated that the ongoing violence is not between Thailand and Myanmar, and that the Thai government will provide humanitarian assistance to all groups affected by the fighting in accordance with national security, international relations, and human rights standards.
He emphasized that the crisis impacts all countries, including Thailand, which shares a border with Myanmar.
“Thailand is a peace advocate, thus we must stress our role as an active promoter of peace. This is evident in our willingness to mediate negotiations between Myanmar’s conflicting parties. “If they agree, we’re ready,” he stated.
Border Trade Resumes
According to Mr Nikorndej, because the majority of the refugees have returned to Myanmar, the situation is not considered severe, and the consequences on Thailand are limited, affecting border trade only temporarily.
The government committee overseeing the situation along the Thai-Myanmar border, chaired by Deputy Prime Minister and Foreign Minister Parnpree Bahiddha-Nukara, is considering forming sub-committees with the National Security Council (NSC) to make the selections.
He highlighted that the situation along the Thai-Myanmar border has improved over the last 48 hours, with no reports of firing from locals. However, the committee will keep an eye on the situation, which is fluid.
During Mr Parnpree’s visit to Tak’s Mae Sot area on Tuesday afternoon, he stated that there has been no fighting at the 2nd Thailand-Myanmar Friendship Bridge since Sunday, and the majority of the refugees who left the fighting over the weekend have since returned.
He stated that the most important thing is that Thai residents be reassured that the government is taking steps to alleviate the effects of the Myanmar conflict on their livelihoods.
“Our agencies have response plans and people can rest assured that we are giving top priority to their safety,” he went on to say. When asked when the Mae Sot checks will reopen, he said they are expected to do so soon because both sides in Myanmar understand the importance of the 2nd Thai-Myanmar Friendship Bridge as a crucial border commerce route.
Residents Return to Myanmar
Meanwhile, the final group of 658 Myanmar refugees who sought safety in Mae Sot on Wednesday voluntarily chose to return once the situation in Myawaddy eased, according to local officials.
They were provided needs, such as medicines, before crossing the Moei River back to Myawaddy. Local officials and charity workers escorted them away.
According to the most recent reports, the checkpoint at the 1st Thai-Myanmar Friendship Bridge reopened on Wednesday, and junta troops who had fled to the 2nd Thai-Myanmar Friendship Bridge had returned to their barracks at the 275th Infantry Battalion.
On Wednesday, Reuters reported that a Myanmar rebel force has evacuated from Myawaddy following a military counteroffensive.
According to a spokesman for the Karen National Union (KNU), the “temporary retreat” from the town of Myawaddy occurred after junta soldiers returned to the crucial strategic location, which serves as a conduit for more than $1 billion in yearly foreign trade.
ASEAN’s Influence Over Myanmar
ASEAN, or the Association of Southeast Asian Nations, is a regional intergovernmental organization made up of ten Southeast Asian countries. Founded in 1967, its mission is to foster economic, political, and social cooperation among its members. These countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
ASEAN plays an important influence in the area. It promotes economic integration through initiatives such as the ASEAN Economic Community, which improve trade and investment flows. The group also addresses security, climate change, and human rights. It has tried to create a single market, promote sustainable growth, and deepen ties with its international partners.
Despite obstacles such as managing divergent interests, ASEAN remains influential. Its combined market of approximately 650 million people, as well as its strategic location between India and China, lend it economic weight. The group’s goal is to maintain regional stability while furthering its members’ common interests on the global stage.
ASEAN
Thailand Touts Peace Plan With ASEAN Partners for Myanmar

Thailand has urged that three or more ASEAN member countries collaborate to engage with Myanmar’s military regime in order to alleviate the crisis and bring peace to the conflict-torn country, while keeping steadfast in its commitment to humanitarian aid and peace promotion.
Foreign Affairs Ministry spokesman Nikorndej Balankura said on Wednesday that Thailand had coordinated with Laos, the current Asean chair, to arrange what it terms Asean “Troika” and “Troika plus” talks to restore peace in Myanmar.
The Asean Troika is a community of foreign ministers from the bloc’s previous, current, and prospective chair countries [Indonesia, Laos, and Malaysia]. The term “plus” refers to other Asean members who are interested in promoting peace or concerned about the problem.
Mr Nikorndej stated that the proposed meetings are most likely to take place in Thailand and restated the country’s willingness to mediate negotiations between Myanmar’s junta and resistance organizations.
He stated that the ongoing violence is not between Thailand and Myanmar, and that the Thai government will provide humanitarian assistance to all groups affected by the fighting in accordance with national security, international relations, and human rights standards.
He emphasized that the crisis impacts all countries, including Thailand, which shares a border with Myanmar.
“Thailand is a peace advocate, thus we must stress our role as an active promoter of peace. This is evident in our willingness to mediate negotiations between Myanmar’s conflicting parties. “If they agree, we’re ready,” he stated.
Border Trade Resumes
According to Mr Nikorndej, because the majority of the refugees have returned to Myanmar, the situation is not considered severe, and the consequences on Thailand are limited, affecting border trade only temporarily.
The government committee overseeing the situation along the Thai-Myanmar border, chaired by Deputy Prime Minister and Foreign Minister Parnpree Bahiddha-Nukara, is considering forming sub-committees with the National Security Council (NSC) to make the selections.
He highlighted that the situation along the Thai-Myanmar border has improved over the last 48 hours, with no reports of firing from locals. However, the committee will keep an eye on the situation, which is fluid.
During Mr Parnpree’s visit to Tak’s Mae Sot area on Tuesday afternoon, he stated that there has been no fighting at the 2nd Thailand-Myanmar Friendship Bridge since Sunday, and the majority of the refugees who left the fighting over the weekend have since returned.
He stated that the most important thing is that Thai residents be reassured that the government is taking steps to alleviate the effects of the Myanmar conflict on their livelihoods.
“Our agencies have response plans and people can rest assured that we are giving top priority to their safety,” he went on to say. When asked when the Mae Sot checks will reopen, he said they are expected to do so soon because both sides in Myanmar understand the importance of the 2nd Thai-Myanmar Friendship Bridge as a crucial border commerce route.
Residents Return to Myanmar
Meanwhile, the final group of 658 Myanmar refugees who sought safety in Mae Sot on Wednesday voluntarily chose to return once the situation in Myawaddy eased, according to local officials.
They were provided needs, such as medicines, before crossing the Moei River back to Myawaddy. Local officials and charity workers escorted them away.
According to the most recent reports, the checkpoint at the 1st Thai-Myanmar Friendship Bridge reopened on Wednesday, and junta troops who had fled to the 2nd Thai-Myanmar Friendship Bridge had returned to their barracks at the 275th Infantry Battalion.
On Wednesday, Reuters reported that a Myanmar rebel force has evacuated from Myawaddy following a military counteroffensive.
According to a spokesman for the Karen National Union (KNU), the “temporary retreat” from the town of Myawaddy occurred after junta soldiers returned to the crucial strategic location, which serves as a conduit for more than $1 billion in yearly foreign trade.
ASEAN’s Influence Over Myanmar
ASEAN, or the Association of Southeast Asian Nations, is a regional intergovernmental organization made up of ten Southeast Asian countries. Founded in 1967, its mission is to foster economic, political, and social cooperation among its members. These countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
ASEAN plays an important influence in the area. It promotes economic integration through initiatives such as the ASEAN Economic Community, which improve trade and investment flows. The group also addresses security, climate change, and human rights. It has tried to create a single market, promote sustainable growth, and deepen ties with its international partners.
Despite obstacles such as managing divergent interests, ASEAN remains influential. Its combined market of approximately 650 million people, as well as its strategic location between India and China, lend it economic weight. The group’s goal is to maintain regional stability while furthering its members’ common interests on the global stage.
ASEAN
7 key things Changed for Indian Stock market Overnight – Gift Nifty, tech stocks rally to oil prices

(CTN News) – Indian stock market: The domestic equity market is projected to open lower on Tuesday, mirroring mixed global market cues ahead of global central banks’ monetary policy meetings.
Asian markets fell as US stock indices closed higher overnight, boosted by mega-cap growth stocks.
For additional interest rate clues, market investors will look to the Bank of Japan’s monetary policy choices later today and the US Federal Reserve’s policy this week. On Monday, the Indian stock market indices finished the turbulent day higher, powered by key metals and auto giants.
The Sensex rose 104.99 points, or 0.14%, to close at 72,748.42, while the Nifty 50 advanced 32.35 points, or 0.15%, to 22,055.70. “We expect the markets to consolidate in the coming days, while the broader market may remain subdued,” said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services Ltd.
Here are significant worldwide market indications for the Sensex today:
Asian marketplaces
Asian markets fell on Tuesday ahead of the Bank of Japan’s monetary policy decision. After 17 years of negative interest rate policy, the Bank of Japan will likely cease it.
Japan’s Nikkei 225 lost 0.5% at the outset, while the Topix remained steady. South Korea’s Kospi fell 0.8%, while the Kosdaq dropped 0.4%. Hong Kong’s Hang Seng index futures showed a dismal start.
Gift Nifty Today
Today, the Gift Nifty was trading at 22,060, a markdown of nearly 70 points from the previous close of the Nifty futures. This indicates a gap-down start for Indian stock market indices.
US stock market indices closed higher on Monday, powered by mega cap growth stocks, as investors awaited the Federal Reserve’s policy meeting this week.
The Dow Jones Industrial Average rose 75.66 points, or 0.20%, to 38,790.43, while the S&P 500 increased 32.33 points, or 0.63%, to 5,149.42. The Nasdaq Composite closed 130.27 points, or 0.82% higher, at 16,103.45.
Tesla shares rose 6.3%, while Nvidia shares rose 0.7%. Xpeng’s US-listed shares rose 1.9%, Boeing’s stock price fell 1.5% and Super Micro Computer’s stock dropped 6.4%.
On Monday, technology megacap stocks in the US soared, with the Nasdaq 100 gaining about 1% and the ‘Magnificent Seven’ tech megacaps rising twice as much.
Google’s parent Alphabet shares rose 4.4% after Bloomberg News reported that Apple Inc. is discussing incorporating Google’s Gemini artificial intelligence engine inside the iPhone. Apple shares rose 0.6%.
Nvidia’s stock price jumped 0.7% after CEO Jensen Huang unveiled new chips to extend the company’s supremacy in AI computing. Tesla shares rose 6.3% after the electric carmaker announced that it would shortly raise the price of its Model Y EVs in areas of Europe.
Indian stock market Oil Prices:
Crude oil prices rose further following Ukrainian drone assaults on Russian refineries and OPEC supply cutbacks. Brent crude, the global standard, rose 0.06% to $86.94 per barrel after rallying 1.8% on Monday to its highest closing since late October. West Texas Intermediate was trading 0.06% higher at $82.77.
Bank of Japan
The Bank of Japan is anticipated to abandon its eight-year negative interest rate policy on Tuesday and raise interest rates for the first time in 17 years. If the nine-member board deems the conditions are right, the BOJ will set the overnight call rate as its new objective and guide it in a range of 0-0.1% by paying 0.1% interest on excess reserves held by financial institutions at the central bank, according to Reuters.
Japan’s 10-year government bond rate increased by one basis point (bp) to 0.765%, while the two-year yield increased by one bp to 0.19%.
US Treasury Yields
The benchmark US 10-year Treasury yields rose to three-week highs on Monday, ahead of the Federal Reserve’s meeting this week. The yield on 10-year notes reached 4.348%, up nearly 5 basis points on the day and the highest since February 23. According to Reuters, two-year yields rose to 4.751%, the highest level since February 23. The yield curve inversion between two-year and ten-year notes narrowed by 2 basis points to minus 40.
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