Search Results for: investment
- Business News
Thailand faces investment challenge post-1997 financial crisis
Thailand faces investment challenges post-1997 financial crisis despite natural gas discovered in the Gulf of Thailand around 40 years ago sparked nationwide excitement, marking the beginning of a golden era. This period saw the launch of the Eastern Seaboard Development Project aimed at developing the eastern coastal region. Foreign investment surged, propelling the economy to expand at double-digit rates, and…
- Property
The investment potential of luxury properties in Phuket
Over the past decade, investors in Phuket have achieved significant financial gains, and there are still plenty of lucrative opportunities on the horizon. The island’s appeal continues to grow among international investors thanks to its competitive property prices, ongoing infrastructure development, and its status as a premier tourist destination. This trend is reflected in the rising interest in high-end developments…
- Thailand News
Foreign minister: China’s banking giant to boost tech investment
Thailand’s Minister of Foreign Affairs Maris Sangiampongsa met with Ge Haijiao, Chairman of the Bank of China, on Wednesday, July 10, during his official visit to China. The meeting, held to bolster Thai-Chinese economic ties, saw the presence of Pongsarun Assawachaisophon, Deputy Secretary-General to the prime minister. In a strategic pitch, Maris extended an invitation to the Bank of China to…
- Business News
E-Foreign Business service said to simplify foreign investments
The Department of Business Development (DBD) is set to launch a new online service this month, the e-Foreign Business is aimed at streamlining the process for foreign investors to apply for business permissions in Thailand. Director-General of the DBD, Auramon Supthaweethum highlighted that the new system is designed to shorten the processing time for business registrations and reduce the volume…
- Thailand News
Finance Ministry to launch new 100 billion baht investment fund
Plans are underway at the Finance Ministry to establish a new investment fund similar to the previous state-controlled Vayupak Fund, aimed at bolstering Thai shares with strong fundamentals. This initiative is expected to be finalised within two weeks. Finance permanent secretary Lavaron Sangsnit announced that the new fund is projected to attract a minimum of 100 billion baht into the…
- Thailand News
EGCO boosts investment to expand power capacity by 1,000MW
Electricity Generating Plc (EGCO), part of the Electricity Generating Authority of Thailand (EGAT) plans to boost its investment budget this year to acquire more assets, aiming to add 1,000 megawatts (MW) of new power generation capacity each year. The company has already added 370MW from operational power plants, leaving an additional 630MW needed to hit its target. As of yesterday,…
- Business News
DP World eyes investment in Thailand’s 1 trillion baht Land Bridge
Dubai-based logistics giant DP World has expressed interest in investing in Thailand’s ambitious 1-trillion-baht Land Bridge project, as confirmed by the Ministry of Transport. Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, will meet with Prime Minister Srettha Thavisin tomorrow, June 21, to discuss potential collaboration on the project. DP World is renowned as the world’s third-largest…
- Business News
Political risks threaten foreign investment in Thailand
Siam Commercial Bank (SCB) EIC Research Centre warns that heightened political risks are casting a shadow over foreign investment in Thailand’s financial, capital, and long-term direct investment markets EIC Chief Economist Somprawin Manprasert warned that various political risks and uncertainties could significantly impact foreign investor confidence and lead to substantial capital outflows from offshore investors in the Thai equity market.…
- 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
Thailand investment budget hits nearly 40% in third quarter
Government investment budget disbursement in the third quarter of this fiscal year surged to almost 40%, nearly doubling the set target due to accelerated disbursement measures, according to Finance Minister Pichai Chunhavajira. After chairing a meeting of the Budget Disbursement and Public Spending Acceleration Committee, Pichai stated that the swift allocation of the government investment budget has facilitated a quicker…
- Thailand News
Thai man swindled out of 550,000 baht by online investment scam
A man from Nong Han district in Udon Thani has been driven to suicidal thoughts after being swindled out of 550,000 baht by an online scammer posing as an investment advisor. The scammer continues to taunt him daily, asking if he wants to invest more. The 42 year old victim, identified by the pseudonym Krob, had worked for 10 years…
- Thailand News
PM Srettha to announce huge tech investment at AWS Summit
Thailand Prime Minister Srettha Thavisin will grace the Amazon Web Services (AWS) Summit in Bangkok tomorrow. The highly anticipated event at the Queen Sirikit National Convention Centre will see AWS, Amazon’s cloud computing powerhouse, unveil its grand vision for Thailand. “Thailand is poised for a digital transformation.” Prime Minister Srettha will co-chair the summit’s opening ceremony, according to government spokesman…
- Business News
Foreign business as usual: Thailand schools diplomats on investment
The Department of Business Development in Thailand hosted a briefing for diplomats and international organisation representatives to clarify the Foreign Business Act (FBA) of 1999. The objective was to educate foreign investors on the law to ensure compliance and proper investment practices in Thailand. The Director-General of the Department, Auramon Supthaweethum, stated that the meeting aimed to help foreign investors…
- Thailand News
Over 30 Thais fall victim to investment scam losing 41 million baht
Thirty Thai victims filed a lawsuit against a designer brand product vendor for operating an investment scam that caused 41 million baht in damages. The victims visited the Crime Suppression Division Office yesterday, May 20, to file a complaint and provide evidence to officers. More than 30 people fell victim to the scam, and most of them were online vendors…
- Thailand News
PM Srettha: Six advantages to make Thailand an investment hotspot
Prime Minister Srettha Thavisin, addressing potential investors at SUBCON Thailand 2024, asserted that Thailand possesses a plethora of advantages positioning it as an investment hotspot for crucial industries such as electrical vehicle (EV) and electronics manufacturing. Hosting the international trade show for part-sourcing and business-matching, the premier highlighted Thailand’s standout traits, starting with its geopolitical stability, distinguishing it from its…
- Retire in Thailand
Why investment is crucial before retiring
When you are at the edge of those golden years of retirement. The thrill of wondering about financial security begins to take centre stage. Imagine, that your steady stream of income might be taking a bow, but what about your dreams and expenditures? They’re more alive than ever. Making smart investments before you hit retirement isn’t just a choice; it’s…
- Business News
Microsoft announces first data centre investment in Thailand
Microsoft‘s announcement of its inaugural investment in a data centre region in Thailand is likely to boost the country’s digital ecosystem and potentially stoke competition within the data centre sector. The news came as part of a tour by Microsoft Chairman and CEO, Satya Nadella, who visited Indonesia, Thailand, and Malaysia to unveil a series of investments in data centres,…
- Thailand News
A 21 million baht investment scam dismantled by police
A 25 year old woman has been arrested for her alleged involvement in a fraudulent investment scam venture that impersonated a renowned stock market expert, leading victims to lose over 21 million baht. The scammer, Prakaikaew, was apprehended today, May 7, at a residence in the Uthai district of Phra Nakhon Si Ayutthaya province. Earlier today, Police Major General Mantri…
- Business News
Finance ministry secures deals for 250 billion baht investments
Following the passing of the fiscal 2024 Budget Expenditure Act, the Finance Ministry has confirmed that new financial agreements for investment projects totalling 250 billion baht have been finalised. Deputy Finance Minister Krisada Chinavicharana revealed that during the delay in the act’s signing, governmental bodies with pending investment projects initiated their procurement processes. These processes included creating terms of reference…
- Pattaya News
Thailand sees surge in foreign investment in Q1
Thailand has seen a recent surge in foreign investment, according to recent statistics from the Thai Ministry of Commerce. Government spokesperson Chai Watcharong yesterday, April 25, unveiled these numbers, highlighting a significant upsurge in foreign investment within the first quarter of 2024. A staggering total of more than 35 billion baht has been funnelled into the Thai economy by foreign investors,…
- Thailand News
Krabi smoothie shop owner accused of investment fraud
Approximately 10 victims have reported a local smoothie shop owner in Krabi for investment fraud involving over 3 million baht. The suspect, using her acquaintance with a well-known lawyer as leverage, challenged the victims to take legal action against her. Police are now gathering evidence to pursue the suspect legally. A group of around 10 individuals filed complaints yesterday at…
- Property
10 Best neighbourhoods for condo investments in Bangkok 2024
Deciding where to live in Bangkok can be both exciting and overwhelming. Each neighbourhood in this vibrant city has its own distinct charm, culture, and lifestyle tailored to different preferences. There’s no one perfect area for everyone; it all depends on your needs and your personal taste. Factors like proximity to work and school, commute times, and lifestyle choices all…
- Business News
Southeast Asia lags in green investments
Southeast Asia is significantly lagging in green investments aimed at reducing emissions, according to a report by Bain & Company, a global consultancy. The region’s energy consumption is projected to increase by 40% within this decade, leading to a continued rise in carbon dioxide emissions due to its heavy reliance on fossil fuels. The report, produced in collaboration with green…
- Press Room
Bitbot vs. BNB: Best trading app token investment opportunity for American buyers
Among many of the best crypto investment options, Bitbot is a standout contender, particularly captivating American buyers. This innovative Telegram trading bot token officially launched in January, has already made significant waves in the crypto community. Within 11 weeks, Bitbot has raised $1.9m, signaling strong market confidence and investor interest despite its status as a new cryptocurrency. This article compares…
- Economy News
Sony sparks economic surge with billion-baht investment in Thailand
Sony Semiconductor Solutions today declared a billion-baht investment in Thailand to boost the nation’s stuttering economy. The announcement, which came to light on Saturday, March 30, revealed an investment surpassing 2.57 billion baht for the construction of a manufacturing factory. The manufacturing site is slated for completion by March 2025. According to reports, it will be tasked with the production…
- Business News
Thailand’s BoI plans more foreign semiconductor investment
The Board of Investment (BoI) of Thailand has expressed an interest in attracting further foreign investment for the production of advanced semiconductors this year. This move comes as numerous businesses from China and Taiwan are looking to expand their investments in Thailand, particularly for printed circuit boards, to circumvent geopolitical risk, said Wirat Tatsaringkansakul, the BoI Deputy Secretary-General. “Companies will…
- Business News
Thai economy struggles post-election, foreign investment declines
Thailand’s economy continues to struggle despite the first General Election since 2019, which was anticipated to stimulate growth and attract foreign investors. Instead, the nation has seen its benchmark stock index decline for the fifth quarter consecutively, foreign investment is waning, and the baht is showing the second-worst performance amongst Asian currencies. According to Narongsak Plodmechai, CEO of SCB Asset…
- Pattaya News
Thailand second in Asia’s most appealing investment locations
Thailand has been recognised as the second most appealing investment location amongst emerging and developing countries in Asia, according to the latest Global Opportunity Index (GOI) 2024. This ranking has been assigned by the renowned Milken Institute, which annually conducts this comprehensive index. The GOI aims to provide invaluable insights to investors who are exploring opportunities beyond their domestic markets.…
- Business News
Thai EV market shifts into gear with Chinese investment
Major automobile companies are forecasting a rapid escalation in the Thai electric vehicle (EV) market, propelled by increased investment from Chinese EV manufacturers. This is anticipated to ignite a price war as manufacturers strive to lure consumers with competitive pricing. This viewpoint was shared by Narong Sritalayon, the managing director of Chinese automaker Great Wall Motor (GWM), in a statement…
