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Thailand Implements 8.36 Billion Baht Plan to Stabilise Rice Prices

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In a proactive move to ensure rice price stability, Thailand’s National Rice Policy and Management Committee has rolled out an 8.36 billion baht (US$244 million) strategy to manage the nation’s rice supply. With three key initiatives, the government aims to support farmers, manage potential oversupply, and provide stability during the harvest season. Here’s a breakdown of Thailand’s multi-tiered approach to rice price stabilization.


Thailand Implements 8.36 Billion Baht Plan to Stabilise Rice Prices


Understanding Thailand’s Rice Price Stabilisation Strategy

The government’s three-pronged strategy addresses current market challenges faced by rice farmers. These measures will help to balance the supply-demand dynamic, avoiding a price slump and ensuring rice farmers receive fair returns.


Key Measures of the Rice Price Stabilisation Plan

Each of the three strategic measures targets a specific aspect of Thailand’s rice production, aiming to maintain stable prices for one of the country’s most important crops.


1. The Rice-Pledging Programme

Details of the 8.36 Billion Baht Pledging Initiative

The main component of the stabilisation plan is an 8.36 billion baht rice-pledging programme that will run through February 2024. Under this programme, rice farmers can pledge their harvested rice for a period of one to five months, during which they’ll receive a subsidy of 1,500 baht (US$45) per tonne.

Allocation of the Subsidy

The subsidy is divided into two parts:

  • 1,000 baht (US$30) goes to the cooperative responsible for the pledging process.
  • 500 baht (US$15) is directed to the farmers themselves.

This subsidy structure is aimed at providing essential financial relief to farmers while supporting cooperatives in managing rice pledging.

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2. Loan Opportunities for Farmers

To further support farmers, the government has partnered with the Bank for Agriculture and Agricultural Cooperatives (BAAC) to provide accessible loans, which vary based on the rice type pledged under the programme.

Loan Amounts and Types

Loan amounts range from 9,000 to 12,500 baht (US$263 to US$365) per tonne. Notably, the loan amount for Hom Mali rice, a popular rice variety, has increased from 12,000 baht to 12,500 baht (US$360 to US$365) per tonne.


3. Loans for Farmer Organisations

Thailand’s strategy also includes a measure that benefits farmer organizations, providing 656.25 million baht (US$19 million) to rice farmer organizations. The initiative enables these groups to aggregate rice from individual farmers and pledge larger amounts to the government for favorable terms.

Interest Rate Support for Organisations

Under this program:

  • Agricultural cooperatives contribute 1% towards the loan’s interest rate.
  • The government covers 3.5% of the interest rate, creating a low-interest loan environment for cooperatives to pledge up to 1 million tonnes of rice.

These loans are available until September 2024, with a maximum 15-month interest subsidy, giving cooperatives ample time to stabilize rice stocks without financial strain.


4. Support for Private Rice Warehouses

To manage rice stocks efficiently, the government has introduced a third measure involving private rice warehouses that assist in the pledging scheme.

Interest Subsidy for Warehouse Operators

The government will provide a 3% interest subsidy on loans incurred by private warehouse operators who pledge to manage rice stocks. Warehouse operators can hold pledged rice stocks for periods between two and six months, ensuring rice is stored adequately, even during peak harvest times.

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Impacts of the Stabilisation Plan on Farmers and the Market

By implementing these measures, Thailand’s government aims to enhance food security and improve income stability for farmers. The stabilisation plan is expected to bring immediate benefits to rice farmers, reducing financial burdens and mitigating the risks of price fluctuations in the market.


Thailand’s Commitment to Agricultural Sustainability

This stabilisation plan demonstrates Thailand’s commitment to sustainable agriculture and the welfare of its farmers. The combination of pledging programs, low-interest loans, and subsidies will help Thailand maintain its position as a leading rice exporter while providing economic security for its agricultural communities.


H2: Conclusion

The Thai government’s 8.36 billion baht initiative to stabilise rice prices underscores its dedication to supporting the agricultural sector. By implementing a balanced, multi-measure approach, Thailand is paving the way for a more resilient rice market that benefits farmers and aligns with the nation’s long-term economic goals.

 

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Google AdX Business: Maximizing Revenue with Programmatic Advertising

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Google Ad Exchange (AdX) is a leading platform that empowers publishers and advertisers to connect through programmatic advertising. By offering advanced tools and extensive reach, Google AdX helps businesses maximize ad revenue while providing advertisers with premium inventory access.


What is Google AdX?

Google AdX, short for Google Ad Exchange, is a programmatic advertising platform where publishers can sell their ad inventory to advertisers in real time. Unlike Google AdSense, which caters to smaller publishers, AdX focuses on premium inventory and larger-scale publishers.


Key Features of Google AdX

  1. Programmatic Advertising: Automated buying and selling of ad space.
  2. Premium Inventory: High-quality ad placements for advertisers.
  3. Real-Time Bidding (RTB): Competitive bidding for ad slots in real time.
  4. Advanced Targeting: Tools to reach the right audience effectively.

Benefits of Using Google AdX for Businesses

1. Higher Revenue Potential

Google AdX enables publishers to maximize their revenue through:

  • Real-time competition among advertisers.
  • Premium rates for high-quality inventory.

2. Access to Premium Advertisers

AdX connects publishers with top-tier advertisers, ensuring high-quality ads that resonate with the audience.

3. Enhanced Ad Management

With tools like Ad Manager, publishers can:

  • Monitor ad performance.
  • Optimize inventory allocation.
  • Set rules for ad delivery and pricing.

4. Advanced Analytics

Google AdX offers detailed insights into:

  • Audience behavior.
  • Ad performance metrics.
  • Revenue trends.

5. Better User Experience

AdX supports high-quality, non-intrusive ads that improve user engagement and minimize ad fatigue.


How to Get Started with Google AdX

1. Meet the Eligibility Requirements

To qualify for Google AdX, publishers typically need:

  • A high volume of traffic.
  • Premium-quality content.
  • Adherence to Google’s policies.
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2. Partner with a Google Certified Partner

Most publishers access Google AdX through a Google Certified Partner. These partners help:

  • Set up your account.
  • Manage ad placements.
  • Optimize revenue strategies.

3. Integrate Google Ad Manager

Google Ad Manager acts as the gateway to AdX, providing tools for:

  • Inventory management.
  • Ad campaign tracking.
  • Optimizing yield through multiple ad networks.

Google AdX vs. Google AdSense

1. Target Audience

  • AdSense: Best for small to medium-sized publishers.
  • AdX: Designed for large-scale publishers with premium inventory.

2. Revenue Model

  • AdSense: Fixed CPC and CPM rates.
  • AdX: Real-time bidding for higher revenue opportunities.

3. Inventory Control

  • AdSense: Limited control over ad placements.
  • AdX: Full control with advanced targeting and pricing options.

SEO Best Practices for Maximizing AdX Revenue

1. Optimize Website Speed

A fast-loading website ensures better user engagement and ad visibility. Use tools like:

  • Google PageSpeed Insights.
  • GTmetrix.

2. Focus on High-Quality Content

Engage users with valuable, original content that attracts organic traffic and premium advertisers.

3. Improve Mobile Friendliness

Ensure your site is mobile-optimized, as most traffic now comes from mobile devices.

4. Use Effective Ad Placement

Strategic ad placements increase visibility and CTR without compromising user experience.

5. Regularly Monitor Analytics

Track your AdX performance with Google Analytics and Ad Manager to identify areas for improvement.


Challenges of Google AdX

1. Strict Eligibility Criteria

Small publishers may find it challenging to meet Google AdX’s requirements.

2. Complex Management

Managing AdX requires advanced tools and expertise, making it essential to partner with professionals.

3. Competition

Real-time bidding means advertisers bid for the same inventory, which can sometimes lead to inconsistent earnings.

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Conclusion

Google AdX is a powerful tool for publishers aiming to maximize ad revenue through programmatic advertising. By offering access to premium inventory, advanced analytics, and real-time bidding, AdX ensures businesses achieve higher engagement and profitability. However, leveraging AdX effectively requires strategic planning, adherence to policies, and a focus on delivering high-quality content.

For publishers ready to scale their digital advertising efforts, Google AdX represents a gateway to greater revenue and enhanced audience engagement.If you want to research more , go to Adx Blog .

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10 In-Demand Careers for 2025: Future Proof Your Career

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Exploring the Future Job Market: Top Careers to Consider

As we approach 2025, the job market is undergoing significant changes driven by technological advancements, demographic shifts, and evolving consumer needs. According to the World Economic Forum, while approximately 85 million jobs may be replaced by machines, an estimated 97 million new roles are set to emerge. This article highlights ten in-demand careers that are expected to thrive in the coming years.

Key Factors Driving Job Growth

The demand for skilled professionals is being fueled by several key trends, including the rise of digital technology, the need for data analysis, and a growing focus on sustainability. Understanding these trends can help job seekers target their career paths effectively.

Top 10 In-Demand Careers for 2025

1. Software Developer

Software developers are crucial in creating applications and systems that drive businesses forward. Their expertise in programming languages and software design makes them indispensable in today’s digital landscape.Salary Range: 25,000-140,000 baht/month

2. AI & Machine Learning Engineer

With artificial intelligence becoming integral to various industries, AI and machine learning engineers are in high demand. They specialize in developing algorithms and models that enable machines to learn from data.Salary Range: 60,000-80,000 baht/month

3. Data Analyst

Data analysts play a vital role in interpreting complex data sets to inform business decisions. Their ability to derive insights from data helps organizations optimize their strategies and improve performance.Salary Range: 40,000-80,000 baht/month

4. Data Scientist

Data scientists focus on advanced analytics and predictive modeling to provide actionable insights for businesses. They combine statistical knowledge with programming skills to enhance decision-making processes.Salary Range: 35,000-80,000 baht/month

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5. Digital Marketing Specialist

Digital marketing specialists leverage online platforms to create effective marketing strategies. Their skills in content creation and data analysis help businesses engage with their target audiences effectively.Salary Range: 30,000-80,000 baht/month

6. Cybersecurity Professional

As cyber threats increase, cybersecurity professionals are essential for protecting organizational data and systems. They implement security measures and respond to incidents to safeguard against breaches.Salary Range: 60,000-100,000 baht/month

7. Cloud Engineer

Cloud engineers design and manage cloud-based infrastructure and services. With the growing adoption of cloud computing, their expertise is crucial for organizations transitioning to cloud environments.Salary Range: 50,000-90,000 baht/month

8. Nurse Practitioner

The healthcare sector is experiencing a surge in demand for nurse practitioners who provide primary care services. Their role is vital in addressing the needs of an aging population and increasing healthcare accessibility.Salary Range: 120,000 baht/month

9. Renewable Energy Technician

As the world shifts towards sustainable energy sources, renewable energy technicians are becoming increasingly important. They install and maintain systems such as solar panels and wind turbines.Salary Range: $46,000/year (approx. 40,000 baht/month)

10. Content Creator

Content creators produce engaging material across various platforms to connect with audiences. Their creativity in writing, video production, and social media management drives engagement and brand awareness.Salary Range: 25,000-50,000 baht/month

Preparing for Future Careers

The job market of 2025 promises exciting opportunities across various sectors driven by technology and sustainability initiatives. By focusing on developing relevant skills for these in-demand careers—such as software development, data analysis, and cybersecurity—individuals can position themselves for success in a rapidly evolving landscape. Embracing continuous learning will be essential for thriving in this dynamic environment.

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Thailand Commits to Becoming an AI Learning Hub

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Thailand AI Learning Hub

Ministers Announce Plans for AI Governance Collaboration

Thailand is dedicated to advancing global trust in artificial intelligence (AI) governance and establishing itself as a learning hub for AI through collaboration with UNESCO, according to Prasert Jantararuangthong, the Minister of Digital Economy and Society (DES). This initiative aims to enhance the ethical application of AI technologies while fostering skilled professionals in the field.

Goals for AI Workforce Development

The Ministry of Higher Education, Science, Research and Innovation (MHESI) has set ambitious goals to increase the number of AI-skilled workers by adding 30,000 engineers over the next three years. This plan includes generating 100 AI innovations valued at 40 billion baht and promoting AI adoption across 600 agencies nationwide.

Significant Increase in AI Adoption Rates

According to the AI Readiness Measurement 2024 report by the Electronic Transactions Development Agency and the National Science and Technology Development Agency, AI adoption plans among Thai organizations have reached 73.3%, reflecting an increase of nearly 20 percentage points year-on-year. This surge indicates a growing recognition of the importance of AI in various sectors.

Hosting the UNESCO Global Forum on AI Ethics

On Wednesday, the DES Ministry, MHESI, the Education Ministry, and UNESCO announced their partnership to host the 3rd UNESCO Global Forum on the Ethics of AI 2025, themed “Ethical Governance of AI in Motion.” This event is scheduled to take place from June 24 to 27, 2025, in Bangkok and will serve as a platform for knowledge exchange and collaboration on AI governance.

Commitment to Ethical AI Implementation

Prasert emphasized that Thailand’s commitment aligns with UNESCO’s AI Readiness Assessment framework, which is recognized globally. The country has recently introduced key frameworks such as the AI Governance Guideline for Executives and the Generative AI Governance Guideline for Organizations. These resources aim to ensure responsible and transparent implementation of AI at all organizational levels.

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Multilateral Collaboration for Developing Countries

The upcoming forum is expected to foster multilateral collaboration and build AI governance capacity in developing countries. It highlights Thailand’s dedication to global trust in AI governance while positioning itself as a leader in ethical AI practices.

Integration of AI Technologies Across Industries

Suphachai Jaismut, vice-minister for MHESI, stated that Thailand is prepared to integrate AI technologies across various industries, driven by a commitment to advancing research and development (R&D). This integration is crucial as Southeast Asia’s digital economy continues to grow rapidly.

Addressing Challenges in the Digital Economy

While advancements in AI infrastructure are promising, challenges such as the digital divide and job displacement due to automation remain significant concerns. Xing Qu, deputy director-general for UNESCO, emphasized that building peace through education, science, and culture is vital in an era where AI increasingly influences societies and economies.

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