Many Thais still disapprove of the government’s plan to allow investments in casinos and the legalization of online gambling as Thai Prime Minister Paetongtarn Shinawatra sought to assure citizens the initiative would bring economic benefits.
About 59 percent of respondents said they disagreed with investments in both casinos and so-called entertainment complexes in Thailand, according to the Jan. 20-21 survey by the National Institute of Development Administration (NIDA).
About 29 percent said they agreed with both casinos and the large venues they would be housed in, while the rest preferred only having one of the two, the survey published on yesterday showed. The nationwide poll of 1,310 Thais aged 18 and above has a margin of error of 3 percent, NIDA said.
Photo: EPA-EFE/Royal Thai Government Handout
About 69 percent of respondents also disagreed with the government’s plan to legalize online gambling to support casinos, while the rest were in agreement, the poll showed.
Opposition has been growing among Thais as the government pushes ahead with the initiative. Last week, a group of Thais attending a provincial election campaign rally in northeastern Si Sa Ket paraded banners saying casinos and online gambling would harm future generations.
In response, Paetongtarn said on Saturday that entertainment complexes will be the nation’s new “man-made tourist destination,” and they would help create jobs and generate new income to help boost economic growth.
She also said negative sentiments among Thais were understandable and the government would seek to address public concerns.
Earlier this month, Thailand’s Cabinet approved in principle a bill to legalize casinos, which the government pitched as a major step to spur tourism and tackle rampant illegal gambling in the Southeast Asian nation.
The bill proposes that casinos be housed within large entertainment venues, which could also include hotels, convention centers and amusement parks. Thailand can emerge as a major player in the global gaming industry if casinos become fully operational in about six years, Citigroup Inc said last year.
United Microelectronics Corp (UMC, 聯電) expects its addressable market to grow by a low single-digit percentage this year, lower than the overall foundry industry’s 15 percent expansion and the global semiconductor industry’s 10 percent growth, the contract chipmaker said yesterday after reporting the worst profit in four-and-a-half years in the fourth quarter of last year. Growth would be fueled by demand for artificial intelligence (AI) servers, a moderate recovery in consumer electronics and an increase in semiconductor content, UMC said. “UMC’s goal is to outgrow our addressable market while maintaining our structural profitability,” UMC copresident Jason Wang (王石) told an online earnings
Gudeng Precision Industrial Co (家登精密), the sole extreme ultraviolet (EUV) pod supplier to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), is aiming to expand revenue to NT$10 billion (US$304.8 million) this year, as it expects the artificial intelligence (AI) boom to drive demand for wafer delivery pods and pods used in advanced packaging technology. That suggests the firm’s revenue could grow as much as 53 percent this year, after it posted a 28.91 percent increase to NT$6.55 billion last year, exceeding its 20 percent growth target. “We usually set an aggressive target internally to drive further growth. This year, our target is to
The TAIEX ended the Year of the Dragon yesterday up about 30 percent, led by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電). The benchmark index closed up 225.40 points, or 0.97 percent, at 23,525.41 on the last trading session of the Year of the Dragon before the Lunar New Year holiday ushers in the Year of the Snake. During the Year of the Dragon, the TAIEX rose 5,429.34 points, the highest ever, while the 30 percent increase in the year was the second-highest behind only a 30.84 percent gain in the Year of the Rat from Jan. 25, 2020, to Feb.
Cryptocurrencies gave a lukewarm reception to US President Donald Trump’s first policy moves on digital assets, notching small gains after he commissioned a report on regulation and a crypto reserve. Bitcoin has been broadly steady since Trump took office on Monday and was trading at about US$105,000 yesterday as some of the euphoria around a hoped-for revolution in cryptocurrency regulation ebbed. Smaller cryptocurrency ether has likewise had a fairly steady week, although was up 5 percent in the Asia day to US$3,420. Bitcoin had been one of the most spectacular “Trump trades” in financial markets, gaining 50 percent to break above US$100,000 and