Search Results for: industry

  • Business News

    Thailand to boost computer chip investments for EV industry growth

    Thailand is poised to ramp up its investments in computer chips, aligning with the state’s strategy to establish a national semiconductor board, in a bid to bolster the burgeoning electric vehicle (EV) industry. According to the Secretary-General of the Board of Investment (BOI), Narit Therdsteerasukdi, as domestic EV manufacturing gains traction due to increased foreign investment, the development of related…

  • Business News

    Thailand boosts chip investment to power electric vehicle industry

    The Board of Investment (BoI) is set to ramp up investments in computer chips to bolster the burgeoning electric vehicle (EV) industry in Thailand. This initiative aligns with the state’s strategy to establish a national semiconductor board. As domestic EV manufacturing gains traction, driven by increased foreign investment, the development of related industries becomes crucial, stated Narit Therdsteerasukdi, secretary-general of…

  • Thailand News

    Skill workshop to transform Thailand’s tourism industry

    To revolutionise Thailand’s tourism sector, the Tourism Authority of Thailand (TAT) is hosting the Ignite Tourism Thailand: TAT Skill Factory workshop. This ambitious initiative is part of Prime Minister Srettha Thavisin’s vision to establish Thailand as a top global tourism destination. The workshop will be held from June 15 to 16 at the Ambassador Hotel Bangkok, drawing an expected 300…

  • Thailand News

    Tourism industry demands action amid 300-baht fee controversy

    Thailand’s private sector is urging the government to address the supply side of tourism after Prime Minister Srettha Thavisin announced the suspension of a proposed 300-baht fee for foreign tourists. This fee was intended to establish a tourism development fund. Chamnan Srisawat, President of the Tourism Council of Thailand (TCT) stated that The government’s performance over the past eight months…

  • Thailand News

    Thai film industry to exceed 3.8 billion baht at Cannes festival

    The 77th Cannes Film Festival has presented significant opportunities for the Thai government, local filmmakers, and production companies to secure lucrative business deals. The festival, which ran from May 14 to 25, is expected to generate more than the 3.8 billion baht grossed from last year’s event. Companies participating in the Thai booth, which showcased local films and promoted tourism,…

  • Thailand News

    Thailand’s MICE industry shakes up IMEX Frankfurt 2024

    A dazzling display of Thai hospitality took centre stage at IMEX Frankfurt 2024 as 36 Thai exhibitors united under the Thailand Pavilion. Representing Bangkok, Phuket, Pattaya, and Phang-nga (Khao Lak), the delegation comprised 20 hotels and resorts, 11 DMCs and organisers, two venues, one airline, one association, and the Thailand Convention and Exhibition Bureau (TCEB). TCEB President Chiruit Isarangkun Na…

  • Thailand News

    Thai government urged to regulate booming influencer industry

    With the explosive growth of social media and e-commerce, the role of influencers has never been more prominent. Recognising the immense economic potential, the National Economic and Social Development Council (NESDC) calls for the Thai government to implement regulations and provide support for this burgeoning career path. In 2023, the ASEAN region boasted approximately 13.5 million influencers, according to Nielsen.…

  • Business News

    Thai industry leader defends Bank of Thailand’s financial autonomy

    Federation of Thai Industries (FTI) Vice Chairman Montri Mahaplerkpong voiced opposition to any proposals that would impede the Bank of Thailand‘s (BoT) authority over its financial stability management. Montri argued that the government should explore more palatable solutions to its disagreement with the BoT over policy rates, rather than attempting to curtail its power, which he sees as a contentious…

  • Business News

    Car industry faces crunch as EV demand slumps and costs rise

    The automobile industry, stretching from Europe to Asia, is bracing for a tough year ahead as rising costs and a slump in electric vehicle (EV) demand begin to take their toll on profits. Mercedes-Benz Group AG, yesterday, revealed plans to extend the lifespan of their combustion-engine cars due to underwhelming EV sales. Toyota Motor Corp, anticipating a 20% drop in…

  • Business News

    Thailand’s steel industry threatened by surge in Chinese imports

    The EAF Long Product Steel Producers Association raised concerns about the future of Thailand’s steel industry as local manufacturers face potential closure. This comes as a result of a surge in steel imports from China, which has resulted in a reduction of capacity utilisation to a mere 28% between January and February. The association’s president Chaichalerm Bunyanuwat urged for immediate…

  • Cannabis News

    Thaiger Top Shelf Awards celebrates excellence in Thailand’s cannabis industry at LV Cannabis

    Within the booming cannabis industry in Thailand, The Thaiger Top Shelf Awards recognises outstanding contributions and innovation from diligent dispensaries. Back for the May edition, this recent one is scheduled for May 10 at LV Cannabis, 22 Sukhumvit branch, from 7PM to 10PM. You are welcome to come on down and find out who are the winners of this award…

  • Business News

    Thai renewable energy industry urges govt to revise trade system

    The Federation of Thai Industries’ Renewable Energy Industry Club urged the government to revise the country’s electricity trade system from the longstanding enhanced single buyer (ESB) model, arguing it hampers the growth of renewable energy. The ESB structure, which designates the Electricity Generating Authority of Thailand (EGAT) as the sole entity that sells electricity to the public, is seen as…

  • Technology News

    Thailand’s govt backs AI industry and boosts digital infrastructure

    Prime Minister Srettha Thavisin announced that the government is ready to support the AI industry and enhance the country’s digital infrastructure. The statement was made at the Microsoft Build: AI Day Event at Queen Sirikit National Convention Centre, where he welcomed around 2,000 developers and business and technology leaders. “AI has changed many aspects of our lives, workplaces, and business…

  • Phuket News

    Phuket tourism industry hit by escalating water shortage

    Phuket‘s tourism sector is grappling with an escalating water shortage crisis, as hotel operators face rising costs due to the scarcity. Thanet Tantipiriyakit, the Phuket Tourist Association President, yesterday, May 1, called on the government for a sustainable solution to the annual water deficits. He cited that the primary reservoirs, Bang Wad, Klong Kata, and Bang Neow Dum, are currently…

  • Automotive

    Data practices are holding back the automotive industry

    Today, our cars are not just vehicles, they’re like smartphones on wheels, loaded with exciting insights into our lives, from habits to preferences and every adventure in between. As we zoom ahead in this digital age, there’s a buzzing conversation about how automakers are handling these data practices. Imagine, each time you hit the road, you’re lighting up a vast…

  • Thailand News

    The dark secrets of Thailand’s elephant tourism industry

    In a recent interview, concerns about the welfare of domesticated elephants have surged. These gentle giants, pivotal to Thailand’s economy since ancient times, now face a crisis that threatens their very existence. During the Rattanakosin era, domesticated elephants bolstered Thailand’s economy by logging. However, a tragic turn in 1988, when floods and landslides claimed lives, forced a shift. Former Agriculture…

  • Business News

    Thai hotel industry resists proposed minimum wage hike

    The tourism industry has voiced its concerns over the recent approval by the tripartite wage committee to increase the minimum wage to 400 baht for four-star hotels in 10 key tourism cities, beginning with the Songkran holiday. Hoteliers argue that the implementation of the wage hike is unjust as the recovery from the pandemic has been uneven across the targeted…

  • Business News

    Thailand’s car industry hits the brakes: Production plunges 20%

    With a significant decrease in production, Thailand’s car output experienced a 19.28% year-on-year slump in February, with the total units produced amounting to only 133,690, as reported by the Federation of Thai Industries (FTI). The numbers, attributed predominantly to the reduced production of pickup trucks and increased imports of electric vehicles (EVs), starkly contrast the 12.46% dip recorded in January.…

  • Thailand News

    Thai workers set to transform South Korea’s shipbuilding industry

    Labour Minister Phiphat Ratchakitprakarn secured an agreement during his recent visit to Seoul as 3,000 Thai workers are set to revolutionise South Korea’s shipbuilding sector. The minister, in a high-stakes meeting at Lotte Hotel Seoul, clinched a deal with representatives from five top South Korean shipbuilders: HD Hyundai Heavy Industry, Hyundai Mipo Dockyard, Hyundai Samho, Samsung Heavy Industries, and Hanwha…

  • Thailand News

    Wallaya Chirathivat shapes Thailand’s retail industry

    Thailand’s retail industry has been dramatically shaped by the innovative leadership of Wallaya Chirathivat, the President and Chief Executive Officer of Central Pattana Plc (CPN). As the head of one of the country’s most influential retail and property development firms, Wallaya’s strategies have led to significant advancements in the retail sector and her achievements have been recognised both locally and…

  • Aviation News

    Thailand and France collaborate to upgrade Thai aviation industry

    Thailand’s aviation industry is set to undergo a significant upgrade, in collaboration with France, as announced by Thai Transport Minister Suriya Jungrungreangkit. The partnership, conceived during a recent official visit to France, is intended to ready Thailand for future aviation demands. The minister held discussions with Damien Caze, the head of France’s Directorate-General for Civil Aviation, in the French capital.…

  • Thailand News

    Women soar past barriers in Indian airline industry

    In a groundbreaking triumph, Indian women have defied the odds and scaled the heights of the airline industry, emerging as leaders in key airports across Karnataka, India. Their stories of perseverance and determination showcase the limitless possibilities for career growth. From humble beginnings to commanding pivotal roles, these Indian women exemplify resilience and ambition. Risona Maria, the IndiGo Airport Manager…

  • Guides

    THAIFEX – HOREC Asia 2024 is coming to shape the future of HoReCa Industry in Southeast Asia

    THAIFEX – HOREC Asia 2024 is making its debut this year! The trade show, which puts a spotlight on the HoReCa (Hotel, Restaurants, and Catering) industry, is set to take place from 6 to 8 March 2024 at IMPACT Muang Thong Thani, Bangkok. Organised by the Department of International Trade Promotion (DITP), the Thai Chamber of Commerce (TCC), and Koelnmesse,…

  • Thailand News

    Planting seeds of change: Thai veggie market sprouts into billion-baht industry

    In a culinary revolution, plant-based food companies are urged to overhaul taste, slash prices, and boost health benefits. Will this signal a paradigm shift in global dining habits? The Thai plant-based food market, once a niche, is now a burgeoning industry worth billions. By 2024, it’s expected to skyrocket to 45 billion baht, according to Statista, a German online platform…

  • Business News

    Thailand seeks German investment in electric vehicle industry

    Deputy Prime Minister Parnpree Bahiddha-Nukara announced on a recent official trip to Germany, the Thai government’s intention to attract German automobile manufacturers to invest in Thailand’s burgeoning electric vehicle (EV) industry. This initiative is part of the broader plans for Prime Minister Srettha Thavisin’s official visit to Germany next month. The deputy prime minister, who also serves as the foreign…

  • Thailand News

    Thailand’s future electric vehicles industry workforce

    Thailand’s Ministry of Higher Education, Science, Research and Innovation (MHESI) is gearing up to sculpt a formidable workforce of over 150,000 individuals poised to dominate the electric vehicle (EV) industry within the next five years. This electrifying initiative forms the nucleus of the ministry’s holistic strategy aimed at supercharging Thailand’s EV ecosystem. The ministry’s blueprint, announced with much fanfare, is…

  • Business News

    Thailand govenment raises sugar cane price, stirs industry buzz

    The government yesterday sanctioned a definitive sugar cane price for the 2022/2023 season at 1,197 baht (US$33) per tonne, marking a substantial increase of 117 baht from the preliminary price of 1,080 baht per tonne. In parallel, the initial price for the 2023/2024 season was ratified by the cabinet, standing at 1,420 baht per tonne. Government spokesperson, Chai Wacharonke, indicated…

  • World News

    Flying high: Airline industry sidesteps superstition, skips seat 13

    The airline industry often omits the number 13 from seating rows on aircraft, a deliberate choice rooted in addressing passengers’ superstitions and concerns. While meticulous detail is a hallmark of aviation, frequent flyers have noticed the absence of row 13, a mystery that has sparked curiosity but remains largely unaddressed by airlines. The pervasiveness of the number 13 as unlucky…

  • Business News

    Thai automotive industry urged to embrace sustainability

    Emphasising the necessity for sustainability and clean energy, the Thai automotive industry is being encouraged to swiftly adapt to new global regulations. Furthermore, the industry is advised to utilise free trade agreements (FTAs) to enhance its competitive stance. Following a meeting with the Thai Automotive Industry Association (TAIA) and the Automotive Industry Club of the Federation of Thai Industries (FTI)…

  • Cannabis

    Thailand’s cannabis industry: A new frontier for job seekers

    Thailand’s recent shift towards legalising cannabis has opened a new world of job prospects. If you’re passionate about the cannabis movement and seeking a career in this burgeoning industry, you’re in luck. The landscape is ripe with opportunities, from retail positions in dispensaries to roles in cultivation, marketing, and beyond. Why choose a career in cannabis: Embarking on a path…