Search Results for: industry
- Business News
MICE industry must prioritise people management to sustain growth
Game-changing People Management was the focus of a recent presentation at the TMX conference, one of the largest fairs dedicated to the meeting, incentive, convention and exhibition (MICE) industry. The discussion highlighted significant opportunities for growth and transformation within this expanding sector. The MICE industry is on a remarkable growth trajectory, with a projected compound annual growth rate (CAGR) of…
- Thailand News
Thai proposal to legalise adult entertainment industry sparks debate
The Move Forward Party (MFP) is advocating for a significant change to Thailand’s Criminal Code to legalise the adult entertainment industry, including pornographic materials and sex toys. This initiative aims to dismantle the existing taboos and establish better regulation. MFP MP for Bangkok, Taopiphop Limjittrakorn, submitted the proposal to Parliament last week, with discussions expected to commence within the next…
- Automotive
The top auto industry leaders gathered in Pattaya for the SMM automotive conference
The ASEAN Automotive Supply Chain Conference, organised by Shanghai Metal Market, was held at the Hilton Pattaya, Thailand, from June 18 to 19, 2024. The forum, themed Dual Circulation for Global Development, spotlighted the significant transition within China’s automobile industry, focusing on the shift from internal combustion engines to new energy vehicles and the global expansion of its industry chain…
- Thailand News
Thai MP aims to ‘stimulate’ economy with sex industry legalisation
A Move Forward Party (MFP) MP today announced plans on social media to legalise professions related to the pornography and sex toy industries in Thailand by revising the Criminal Law of Thailand. The revision draft is expected to be proposed during Parliament today, July 10. The MFP MP, Taopiphop Limjittrakorn, shared his plan to legalise professions related to porn and…
- Thailand News
Crisis in Thai industry: Are major collapses on the horizon?
Thailand’s industrial sector is teetering on the brink of a crisis as rapid technological advancements, fierce competition from China, and a planned hike in the daily minimum wage threaten to trigger a massive collapse. With two Japanese car giants, Subaru and Suzuki, set to shut down their manufacturing operations in Thailand, the situation is dire. KKP Research reports that 1,700…
- 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…
- Business News
Thailand invests 8 billion baht for AI and EV industry research
Thailand Science Research and Innovation (TSRI) earmarked an 8 billion baht investment to enhance the nation’s pool of young researchers, supporting key S-curve industries like artificial intelligence (AI), electric vehicles (EVs), and quantum technologies. The fiscal 2025 budget includes plans to prepare 100,000 employees for the semiconductor industry, leveraging opportunities arising from geopolitical conflicts. Chairman of the National Commission on Science,…
- 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.…
- Thailand News
Minimum wage increase pledge sparks hotel industry crisis
Prime Minister Srettha Thavisin’s promise to boost the minimum wage to 400 baht by October 1 has set off alarms in the private sector, particularly among hoteliers. Concerns abound as businesses foresee a hefty 15 to 20% surge in costs across goods and services, presenting a formidable hurdle for the hospitality sector. The impending wage revision marks the third adjustment…
- 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…
- Tourism News
Thai tourism industry supports reintroduction of 300 baht tourist fee
Tourism industry stakeholders in Thailand voiced their support for the reintroduction of a 300 baht fee for incoming tourists, viewing it as crucial for generating funds for tourism development. The Tourism Council of Thailand (TCT) intends to discuss the project’s necessity with Sermsak Pongpanich, the incoming tourism minister. Surawat Akaraworamat, TCT’s Vice President, said that the Thai Chamber of Commerce…
- 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
Japanese actor exposes pay gap in adult film industry
A renowned Japanese adult film actor sparked a considerable online buzz after revealing the disparity in earnings between male and female performers in the porn industry. Known for his fitness and stamina, the actor shed light on the financial aspects of male performers’ roles, which are significantly less lucrative compared to their female counterparts. This revelation has captured the attention…
- 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…
- Business News
Commerce Minister markets Thailand film industry in Hong Kong
Phumtham Wechayachai, commerce minister, is currently on a visit to Hong Kong to market Thailand’s film industry and Y Series TV dramas. The visit, which started recently and is scheduled to run until Tuesday, also includes exploring avenues to broaden the Hong Kong market for Thailand’s agricultural products. The visit is led by Phumtham, who is also the deputy prime…
- 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,…
- Business News
Thailand’s tourism industry calls for eased travel restrictions
Faced with intense competition from fellow Southeast Asian countries, Thailand’s tourism industry called on the government to ease travel restrictions and promote cross-border travel. The appeal comes as Malaysia is seen to be catching up with Thailand’s tourism numbers. Earlier this week, Prime Minister Srettha Thavisin embarked on a tour of three southern provinces to boost both trade and tourism.…
- 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…
