PM - Businesses must be driven to "Unicorn" level

[snoop1130]

 

BANGKOK (NNT) - The Prime Minister says Thailand must guide businesses to the "Unicorn" level, and prepare the country for a future of digital technology

 

General Prayut Chan-O-Cha, Prime Minister and Defense Minister, was speaking about three initiatives to drive Thailand towards a digital economy and create more economic opportunities, firstly, by building technology and digital infrastructure, including Big Data infrastructure.

 

The second initiative, is to strengthen the local digital economy under the model of a Bio, Circular, and Green (BCG) Economy and finally, to develop human resources, and prep them for challenges in the "Next Normal" era.

 

The Prime Minister stresses Thailand has thr opportunity to use this challenge, to raise standards in businesses across the country to Unicorn level, and expand internationally.

 

The statement made by the Prime Minister is a response to proposals made by students from the 63th class of the Thailand National Defense College; Joint War College, and the War Colleges of the three armed forces. Presenting the results of the their study, the presentation is also about how to drive the country forward under the 20 year national strategy where the students place importance on two aspects, security and technology.

 

Besides laying foundations for technology infrastructure and telecommunication systems, the 20-year national strategy also includes developing public services, for the convenience of the people, in line with the Sustainable Economy Philosophy of King Rama 9 and the Royal Command of His Majesty the King Rama 10, to implement the philosophy for the wellbeing of the people, the Prime Minister said.

 

-- © Copyright NNT 2021-09-09

 

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[Will B Good]

Unicorn level..........is that even better than level 5?

[DaveE13]

5 minutes ago, Will B Good said:

Unicorn level..........is that even better than level 5?

Just above Dinosaur level. The little fat man being the chairman 

[Will B Good]

25 minutes ago, snoop1130 said:

The Prime Minister says Thailand must guide businesses to the "Unicorn" level

Thamanat has slipped him something....a little going away present in his tea?

[mark131v]

Oooh goody another proclamation from the great leader the Thai's are so lucky to have such an experienced proclaimer pity he is totally <deleted> at bringing his proclamations to reality....

 

unicorns, fffs he is a special one...

[DrPhibes]

Dear Mr PM, this is not how unicorns work.  Too many movies during lock down?

 

[herfiehandbag]

Look at who is driving this: Thailand National Defense College; Joint War College, and the War Colleges of the three armed forces. 

 

They obviously anticipate being in control for the next 20 years!

[JustAnotherHun]

His english seems to be worse than mine. He wanted to say "unique".

[sammieuk1]

Unicorn level is where your impaled by a single spike up the jack crack judging by the photo we are still currently at the 6 headed dog level and will be for some time ????

[KhaoYai]

Yes, and as we all know, the Unicorn was a mythical creature - need I say more?

[The Cipher]

Just to chime in, "Unicorn" in investing is slang to refer to a private company worth USD $1billion+. More full definition here.

 

What the PM is probably trying to say here is that he wants Thailand to be able to incubate and nurture startup champions. Which I think is a good goal, but is easier said than done.

[StayinThailand2much]

Ah, somebody has been watching "30 Rock", taking Jack Donaghy's advice as real-world business acumen...

 

Will they copy the slogan: "We have a magic horse"?

 

 

 

Also, will the prime minister strive to  be a succesfull business leader such as Kathy Geiss?

 

 

 

Stay tuned...

[rott]

30 minutes ago, The Cipher said:

Just to chime in, "Unicorn" in investing is slang to refer to a private company worth USD $1billion+. More full definition here.

 

What the PM is probably trying to say here is that he wants Thailand to be able to incubate and nurture startup champions. Which I think is a good goal, but is easier said than done.

And the term was first used by the founder of Cowboy Ventures. 

Could have been worse, could have been Cowboy Dentures. 

[Rampant Rabbit]

Rocking horse  poo is  more  likely

[Ralf001]

Someone has been playing too much Diablo 3 !!

[nkg]

4 hours ago, The Cipher said:

Just to chime in, "Unicorn" in investing is slang to refer to a private company worth USD $1billion+. More full definition here.

 

What the PM is probably trying to say here is that he wants Thailand to be able to incubate and nurture startup champions. Which I think is a good goal, but is easier said than done.

 

Thailand does currently have one unicorn out of the 800 or so out there:

 

Quote

Flash Express     $1 Billion     2/1/2021        Thailand     Bangkok     Supply chain, logistics, & delivery     SCB 10X, Krungsri Finnovate, eWTP Capital

https://www.cbinsights.com/research-unicorn-companies   Information brought to you by nkg's "Fascinating Facts" service ...

[candide]

9 hours ago, snoop1130 said:

The second initiative, is to strengthen the local digital economy under the model of a Bio, Circular, and Green (BCG) Economy and finally, to develop human resources, and prep them for challenges in the "Next Normal" era

What about the model of Durable, Information, Circular, and Knowledge (DICK) economy? ????

[zzaa09]

7 hours ago, herfiehandbag said:

Look at who is driving this: Thailand National Defense College; Joint War College, and the War Colleges of the three armed forces. 

 

They obviously anticipate being in control for the next 20 years!

As they have for the last several decades. 

Militarism is subconsciously associated with most everything.

How charming.

[CrunchWrapSupreme]

5 hours ago, The Cipher said:

Just to chime in, "Unicorn" in investing is slang

They love hopping on the buzzword bandwagon. Startups and SMEs. Even among my wife, her friends, and my Thai coworkers, who are by no means business tycoons, the English words "franchise" and "renovate" are frequently uttered. They've certainly got the dreams, but walking the walk and talking the talk are entirely different.

 

They're in definite need of some fresh new ideas. Amongst big business here, their ideas of late have only been: 1) Cleaning up on Covid fire sales to further monopolies 2) Delivery services 3) Apps 4) Ridiculous points schemes.

 

Amongst regular folks looking to dip their feet in business, the ideas I've heard have only been: 1) Online selling, usually cheap import, night market stuff. Have you seen Lazada Live? Gee, the amazing new technology brings the hawker to you, in stunning clarity, screaming at you to buy while ringing bells and honking horns. Aside from that there are the old standbys: 2) Coffee shop 3) Noodle shop 4) Franchise, good luck with that being next door to the inevitable CP affiliate.

[ronster]

I swear they are having a competition and the winner who makes up the biggest pile of nonsense gets to be in charge ! ????????????????

[hotchilli]

11 hours ago, Will B Good said:

Unicorn level..........is that even better than level 5?

Would that be Mathayom 5?

[Will B Good]

50 minutes ago, hotchilli said:

Would that be Mathayom 5?

You've lost me....been try to find the advert that uses the line...Level 5.

[Jimbo2014]

The only unicorns in this fantasy world are the sycophants fawning over him.

[Gsxrnz]

1 hour ago, ronster said:

I swear they are having a competition and the winner who makes up the biggest pile of nonsense gets to be in charge ! ????????????????

Um......that's how politics works the world over.  The biggest liar wins.

[phetphet]

Thailand the hub of Unicorns.

[newnative]

    As always, nothing concrete, nothing immediate, nothing important, nothing detailed, nothing actually doing.   Just important-sounding words someone gave him to toss out, slowly drifting away in the wind, forgotten tomorrow, or, more likely, five minutes from now.  

[Sir Swagman]

Absolutely appropriate terminology........the Unicorn is mythical, after all

[poskat]

"General Prayut Chan-O-Cha, Prime Minister and Defense Minister, was speaking about three initiatives to drive Thailand towards a digital economy and create more economic opportunities, firstly, by building technology and digital infrastructure, including Big Data infrastructure."

 

big talk for a guy whose government cant even produce functioning websites for things as mundane/trivial as the 90-day report

[robblok]

First thing they should do is put int he data protection laws if they want to succeed in IT. Security is bad as all the recent hacks show. How can a country be good at ICT when its security is far below par.

 

They never seem to point out their weaknesses but go on sprouting nonsense and almost miracle like best case scenarios.

 

A bit more reality would not hurt. But then again this what all Thai officials do, reality is not important making exceptional unrealistic projections is.

[Skeptic7]

PM definitely needs to get out of the...'driving them out of business'...business!