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One Tambon One Product
One Tambon One Product (OTOP) is a local entrepreneurship stimulus program designed by Thailand's former Prime Minister Thaksin Shinawatra during his 2001-2006 Thai Rak Thai government. The program aimed to support locally made and marketed products of each of Thailand's 7,255 tambons (sub-district). Drawing its inspiration from Japan's successful One Village One Product (OVOP) program, the OTOP program encourages village communities to improve the quality and marketing of local products, selecting one superior product from each tambon to receive formal branding as its "starred OTOP product". It provides both a local and national stage to the promote these products. OTOP includes a large array of local products, including traditional handicrafts, cotton and silk garments, pottery, fashion accessories, household items, and foods. After a military junta overthrew Thaksin's government in 2006 following an election cancelled for irregularities, the OTOP program was cancelled. However, ...
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Entrepreneurship
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ...
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Handicrafts
A handicraft, sometimes more precisely expressed as artisanal handicraft or handmade, is any of a wide variety of types of work where useful and decorative objects are made completely by one’s hand or by using only simple, non-automated related tools like scissors, carving implements, or hooks. It is a traditional main sector of craft making and applies to a wide range of creative and design activities that are related to making things with one's hands and skill, including work with textiles, moldable and rigid materials, paper, plant fibers,clay etc. One of the oldest handicraft is Dhokra; this is a sort of metal casting that has been used in India for over 4,000 years and is still used. In Iranian Baluchistan, women still make red ware hand-made pottery with dotted ornaments, much similar to the 5000-year-old pottery tradition of Kalpurgan, an archaeological site near the village. Usually, the term is applied to traditional techniques of creating items (whether for perso ...
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Entrepreneurship Organizations
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While def ...
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Economic Development Programs
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howe ...
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Economy Of Thailand
The economy of Thailand is dependent on exports, which accounted in 2019 for about sixty per cent of the country's gross domestic product (GDP). Thailand itself is a newly industrialized country, with a GDP of 16.316 trillion baht (US$505 billion) in 2018, the 8th largest economy of Asia, according to the World Bank. As of 2018, Thailand has an average inflation of 1.06% and an account surplus of 7.5% of the country's GDP. The Thai economy was expected to post 3.8% growth in 2019. Its currency, the Thai Baht, ranked as the tenth most frequently used world payment currency in 2017. The industrial and service sectors are the main sectors in the Thai gross domestic product, with the former accounting for 39.2 percent of GDP. Thailand's agricultural sector produces 8.4 percent of GDP—lower than the trade and logistics and communication sectors, which account for 13.4 percent and 9.8 percent of GDP respectively. The construction and mining sector adds 4.3 percent to the ...
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One Town, One Product (Philippines)
One Town, One Product (OTOP) is a promotional program of the government of the Philippines. OTOP aims to promote goods and products of Filipino towns, cities, and regions, and provides funding for small businesses. It is administered by the Department of Budget and Management (DBM). History The Philippines' OTOP program was proposed by then-President Gloria Macapagal Arroyo as early as 2002 and launched in 2004. The OTOP program was originally scheduled to end in 2010. DBM dropped OTOP funding in spring 2011. However, current Filipino President Benigno 'Noynoy" Aquino has authorized the continuation of the OTOP program. OTOP Philippines is a priority stimulus program for Micro and Small and Medium-scale enterprises (MSMEs) as government's customized intervention to drive inclusive local economic growth. The program enables localities and communities to determine, develop, support, and promote culturally-rooted products or services where they can be the best at or best renowned f ...
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One Town One Product (Republic Of China)
One Town One Product (OTOP) is a project begun in 1989 and supervised by the Small and Medium Enterprise Administration (SMEA) of the Ministry of Economic Affairs of the Republic of China (ROC) to promote products from the territories in the ROC jurisdiction. History In 1989, to promote local companies in Taiwan, the Small and Medium Enterprise Administration, an organization under the control of Taiwan Ministry of Economic Affairs, had adapted the concept of " One Town One Product" from Japan and formed an expert team to research local industries and distinctive products in Taiwan. This expert team was composed of specialists from design, financing, marketing working side by side with local companies to promote excellent products from Taiwan, especially ones that are blend of tradition and the unique art of Taiwan. OTOP at the present time has regroups more than 100 companies around Taiwan, Pescadores, and Matsu Islands. Under the close supervision and help from Small and Medi ...
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Fiscal Year
A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many jurisdictions require company financial reports to be prepared and published on an annual basis but generally not the reporting period to align with the calendar year (1 January to 31 December). Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, which usually corresponds to the fiscal year used for government purposes. The calculation of tax on an annual basis is especially relevant for direct taxes, such as income tax. Many annual government fees—such as council tax and license fees, are also levied on a fiscal year basis, but others are charged on an anniversary basis. Some companies, such as Cisco Systems, end their fiscal year on the same day of the week each year: the day ...
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Thai Baht
The baht (; th, บาท, ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. Society for Worldwide Interbank Financial Telecommunication, SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of January 2019. History The Thai baht, like the Pound (currency), pound, originated from a traditional unit of mass. Its currency value was originally expressed as that of silver of corresponding weight (now defined as 15 grams), and was in use probably as early as the Sukhothai Kingdom, Sukhothai period in the form of bullet coins known in Thai as ''phot duang''. These were pieces of solid silver cast to various weights corresponding to a Thai units of measurement, traditional system of units related by simple fractions and multiples, one of which is the ''baht (unit), baht''. These are listed in the follo ...
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Chiang Mai Province
Chiang Mai ( th, เชียงใหม่, ; nod, , ) is the largest Province (''changwat'') of Thailand. It lies in upper northern Thailand and has a population of 1.78 million people. It is bordered by Chiang Rai to the northeast, Lampang and Lamphun to the south, Tak to the southwest, Mae Hong Son to the west, and Shan State of Burma to the north. The capital, Chiang Mai, is north of Bangkok. Geography Chiang Mai province is about from Bangkok in the Mae Ping River basin and is on average at elevation. Surrounded by the mountain ranges of the Thai highlands, it covers an area of approximately . The mountains of the Daen Lao Range () at the north end of the province, the Thanon Thong Chai Range () with the highest mountain in Thailand, Doi Inthanon at , stretching in a north–south direction, and the Khun Tan Range in the east of the province are covered by rain forest. The Mae Ping, one of the major tributaries of the Chao Phraya River, originates in the Daen ...
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Thailand
Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bordered to the north by Myanmar and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the west by the Andaman Sea and the extremity of Myanmar. Thailand also shares maritime borders with Vietnam to the southeast, and Indonesia and India to the southwest. Bangkok is the nation's capital and largest city. Tai peoples migrated from southwestern China to mainland Southeast Asia from the 11th century. Indianised kingdoms such as the Mon, Khmer Empire and Malay states ruled the region, competing with Thai states such as the Kingdoms of Ngoenyang, Sukhothai, Lan Na and Ayutthaya, which also rivalled each other. European contact began in 1511 with a Portuguese diplomatic mission to Ayutthaya, w ...
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Ministry Of Interior (Thailand)
The Ministry of Interior of the Kingdom of Thailand ( Abrv: MOI; th, กระทรวงมหาดไทย, ) is a cabinet-level department in the Government of Thailand. The ministry has wide ranging responsibilities. It is responsible for local administration, internal security, citizenship, disaster management, road safety, land management, issuance of national identity cards, and public works. The ministry is responsible for appointing the 76 governors of the Provinces of Thailand. The Minister of Interior ( th, รัฐมนตรีกระทรวงมหาดไทย) is the head of the ministry. He is appointed by the King of Thailand on the recommendation of the prime minister. Since 30 August 2014, the head of the ministry has been retired General Anupong Paochinda. He is aided by two deputy ministers. The FY2019 budget of the ministry is 371,802 million baht. History The ministry in its present form was founded on 1 April 1892 by King Chulalongkorn (Rama V ...
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