Thailand to be pushed as ‘ Creative Hub’ in ASEAN



The public and private sectors signed 12 agreements relating to creative economic development in an effort to propel Thailand to be a ‘Creative Hub’ within the ASEAN community.

The projects under the 12 agreements will be financed by a budget of 20 billion baht, allocated from the Thai Khem Khaeng scheme. The projects are aimed to increase the proportion of creative economy by 20 percent of the nation’s gross domestic product (GDP) in 2012.

So far, around 20 piloted projects have been endorsed and they will receive a financial support worth 3.8 billion baht.

Meanwhile, Deputy Commerce Minister Alongkorn Pollabutr thought about establishing an office to oversee the creative economy within six months.

Mr. Alongkorn said a public-private joint fund would release loans worth five billion baht to eligible borrowers who would run the businesses relating to creative economy initiative. (NNT)