Technology News
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Sponsored 5 ways retirees in Thailand lose money (and how to stop it)
Retiring in Thailand can be affordable and enjoyable, but many retirees lose money due to common mistakes. High living costs, scams, and unexpected expenses can quickly drain savings. There are five ways that retirees in Thailand can lose money and...
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5 emerging technologies shaping Thailand’s future
Thailand is a country that is undergoing major changes in both the economy and the technology in the country. On top of being a relaxing destination, Thailand is a technological haven where a variety of digital nomads and tech people seek to find IT jobs here or take advantage of the tech landscape of Thailand. From cybersecurity to hybrid workspaces…
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Thailand’s manufacturing production index falls for 17th time
The Office of Industrial Economics (OIE) disclosed that Thailand’s Manufacturing Production Index (MPI) has fallen for the 17th consecutive month. February saw a year-on-year decrease of 2.8%, bringing the index to 99.2 points. This slump is largely attributed to a drop in manufacturing within key sectors, including the automotive industry. The OIE has also highlighted ongoing issues with high household…
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Chinese EV investments in Thailand linked to zero dollar tours
Chinese Electric Vehicle (EV) makers’ investments in Thailand have sparked comparison with a notorious scam, the zero dollar tours, among some industry insiders. The scam, which came into the limelight in 2016, involved Chinese tourists being enticed with inexpensive tour packages in Thailand, only to be compelled to purchase overpriced souvenirs and services. The parallel is being drawn because Chinese…
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Charged up: Thai finance chief sparks debate on EV development
Thailand’s finance permanent secretary stressed the need for the country to continue developing its electric vehicle (EV) sector, despite concerns about the arrival of the Chinese EV supply chain in the local automobile industry. Lavaron Sangsnit warned that without active policies to encourage EVs, Thailand may be overlooked as a locale for factory establishment due to the lack of essential…
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DeeMoney gives away Tesla Model 3 and over 3.5 million baht in prizes
DeeMoney, a leading Thai fintech company providing international money transfer services, successfully concluded its “OWNDEE Win Tesla” campaign, awarding a Tesla Model 3 and over 3.5 million baht prizes to lucky customers. The OWNDEE campaign embodies three core pillars: “Better rates,” as DeeMoney consistently offers superior exchange rates and lower fees compared to competitors. “Faster,” as DeeMoney guarantees swift transfers…
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Thai workers anticipate 41% pay rise due to AI skills acquisition
A recent report reveals that Thai workers anticipate a significant salary increase of over 41% through the acquisition of artificial intelligence (AI) skills. This surge also promises to catalyse career advancement. The report reveals that by 2028, AI will be embedded in approximately 98% of Thai organisations. These statistics underscore the growing importance of AI-skilled employees, with 94% of employers…
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Virtual banks to revolutionise Thailand’s financial landscape
The Royal Gazette announced that virtual banks are set to become a reality in Thailand, with the Bank of Thailand (BoT) accepting applications from March 20 to September 19 this year. The aim is to stimulate competition and ensure the stability of the financial system, without limiting the number of licences available. Virtual banks are expected to cater to customers…
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McDonald’s mayhem: Global online services grind to a halt
McDonald’s, the global fast food titan, has been left reeling after a major technical glitch sent shockwaves across its chain, leaving customers hungry and frustrated. The culprit? A third-party provider’s blunder, not cyber-criminals as feared. The chaos unfolded during a routine configuration change, causing a system-wide outage that crippled operations in the fast food giant’s key markets like the UK,…
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Microsoft CEO halts Southeast Asia trip including Bangkok
Microsoft CEO Satya Nadella delayed his visit to Thailand and neighbouring Southeast Asian nations, as announced yesterday. The eagerly awaited Microsoft Build: AI Day event slated for March 21 in Bangkok now hangs in limbo indefinitely, Microsoft revealed on Friday. “We are doing our utmost in preparing to reschedule the event and will inform you of the details as soon as…
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EA plans expansion in renewable power and EV sector
Renewable energy and electric vehicle (EV) developer, Energy Absolute Plc (EA), is set to expand its power business. The decision comes after a pause in the introduction of new projects since 2019. Currently, the firm’s wind and solar farms generate a capacity of 664 megawatts. The company’s CEO, Somphote Ahunai, noted in a 2020 interview that EA diversified into EV-related…
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Thailand’s smartphone market to grow 3% in 2024, says report
A 3% growth in Thailand’s smartphone market is anticipated in 2024, fuelled by the need for upgrades and enhanced technology features, says an international research firm. This follows a 2% rise in 2024, when Thailand was the only Southeast Asian nation to experience marginal growth, due to the strong performance of budget smartphones, as per Counterpoint Research’s Southeast Asia Monthly…
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Thai government plans six flagship AI projects in national strategy
Six flagship projects, including the development of an artificial intelligence (AI) workforce and the Thai large language model (ThaiLLM), are on the cards for the second phase of the national AI strategy and action plan. The initiation of these projects is pending approval from a new National AI Committee, appointed by Prime Minister Srettha Thavisin. An estimated budget of 1.5…
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Revolutionary ‘Air Swipe Bag’ holds single item
In a groundbreaking fusion of fashion and aerospace technology, the designer brand Coperni has stunned the world with its latest creation: the Air Swipe Bag. Dubbed the “Air Swipe Bag,” this avant-garde accessory unveiled during the 2024 Paris Fashion Week has sent shockwaves through the fashion industry. Crafted from an astonishing 99% air and 1% glass, this bag is as…
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True Corporation unveils 2024 strategy with AI, digital growth focus
True Corporation, the Thai telecommunications conglomerate, disclosed its tripartite strategic model for 2024. This strategy encompasses modernising its digital infrastructure, offering distinctive services to its customer base and redefining the company through the application of artificial intelligence (AI) and cutting-edge technologies. The company’s CEO, Manat Manavutiveth, has identified five disruptive elements for the current year, namely, global economic uncertainty, generative…
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Thai EV sales surge by 603% amid government incentives
Battery electric vehicles (BEVs) sales in Thailand surged by 603% year-on-year to 73,568 units last year, with the upward trend expected to continue throughout this year, as per the Federation of Thai Industries (FTI). This growth is expected to outstrip that of internal combustion engine (ICE) vehicles, which witnessed a 13.7% year-on-year sales decline to 238,570 units in 2023, capturing…
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NBTC disaster alert system: No more SMS alerts
The National Broadcasting and Telecommunications Commission (NBTC) alongside Advanced Info Services Plc (AIS) has pioneered a mobile phone broadcasting service primed to forewarn citizens of imminent natural disasters. At a joint press conference, NBTC chairman Sarana Boonbaichaiyapruck and Varunthep Watcharaphon, AIS’s chief of business relations, unveiled the successful trial of this innovative broadcasting service. Funded by the Universal Service Obligation…
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Mono next to test AI-generated news anchors on digital platform
Mono Next, a publicly traded media and content provider, announced plans to test artificial intelligence (AI)-generated news anchors on its Mono 29 digital TV channel and online platform. The trial run, set to kick off next month, will be used to gauge audience reactions to these AI-generated anchors. Patompong Sirachairat, Mono’s chief executive, clarifies that the move is not aimed…
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BAAC to launch e-commerce platform with Chinese tech firm
The Bank for Agriculture and Agricultural Cooperatives (BAAC) is in discussions with a prominent Chinese technology firm to establish a joint venture. The focus of this venture is to create an e-commerce platform to streamline the sale of agricultural commodities to China, as revealed by Chatchai Sirilai, the bank’s president. In this joint venture, the BAAC will not be considered…
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TKC aims for cybersecurity sector growth in Thailand
Turnkey Communication Services (TKC), a digital solutions provider listed on the Stock Exchange of Thailand (SET), has set its sights on the cybersecurity sector, forecasting that it will account for 5% of its total income this year. This ambitious move comes as part of a broader strategy to achieve double-digit annual growth over the next five years. TKC’s chief executive…
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