MFEC embraces new challenges by integrating the strengths of its internal departments and collaborating with its subsidiaries to enhance capabilities and elevate the standards of technology services. Under the concept of “Synergy: Blending Differences to Grow,” the company aims to utilize technology to help revitalize Thailand’s economy.
MFEC’s CEO, Mr. Siriwat Vongjarukorn, shared his perspective on the state of Thailand’s digital transformation. He highlighted that the Bank of Thailand recently acknowledged last year’s GDP growth rate of 1.8%, the lowest on record, with declines continuing each quarter. This reflects a downturn in the country’s competitiveness. Additionally, the IT industry operates at a 100% trade deficit, meaning none of the profits remain in Thailand regardless of how much is sold. This positions the country at the very end of the value chain. To revitalize Thailand’s economy, building competitiveness has become the top priority for businesses to focus on. Mr. Siriwat