ASEAN
- Thailand News
PM Paetongtarn’s plans for ASEAN growth
Thailand Prime Minister Paetongtarn Shinawatra has emphasised the importance of fostering regional economic integration, and fortifying supply chains among ASEAN nations to contribute to global economic progress. In an interview, the 38 year old PM highlighted the potential for ASEAN, under Malaysia’s chairmanship, to expedite the implementation of the Regional Comprehensive Economic Partnership (RCEP) to stimulate regional growth. The Thai premier…
- Thailand News
Thailand leads ASEAN dairy market with 19 billion baht in revenue
Thailand has emerged as a leader in the ASEAN dairy market, generating over 19 billion baht in revenue, according to a government spokesperson. The country’s strategic use of Free Trade Agreements (FTAs) has bolstered exports of processed milk products across ASEAN. Anukool Pruksanusak, deputy spokesperson for the Prime Minister’s Office, reported that Thailand has maintained its top position in ASEAN…
- Thailand News
Thaksin travels to Malaysia for talks with PM
Prime Minister Anwar Ibrahim of Malaysia met with his informal advisory group yesterday, February 2, led by Thailand’s former Prime Minister Thaksin Shinawatra, to discuss various regional matters. The meeting, which took place after Thaksin received court approval to travel internationally, covered significant topics including the ongoing situation in Myanmar and developments in cryptocurrency. Anwar shared details of the gathering…
- Business News
Thailand banks on foreign investment to power economic surge
Bangkok Bank remains bullish on a surge in foreign direct investment (FDI) into Thailand, anticipating it will turbocharge the nation’s economy in the coming years despite global uncertainties. At the 2025 ASEAN Business Forum helmed by the bank last Thursday, Bangkok Bank President Chartsiri Sophonpanich unveiled striking figures: Thailand’s investment applications soared by 35% in 2024, hitting a decade peak…
- Events
Sustainable solutions for Thailand’s environmental challenge
Over 100 young people came together for the Green to Go Summit to brainstorm sustainable solutions for Thailand’s imminent environmental challenges. Interactive discussions were held around the topics of low-carbon cities, emerging energy technologies, and debunking plastic recycling myths. Organised by the Green Youth Thailand, the event was held as part of the annual EU Green Diplomacy Weeks in ASEAN…
- Thailand News
Thailand slips in global digital race: Urgent tech policy shake-up
Thailand’s digital prowess took a hit, dropping two spots to 37th globally in the World Digital Competitiveness Ranking 2024. The ranking, published by the International Institute for Management Development (IMD), evaluated 67 countries and economic zones across three key metrics: knowledge, technology, and future readiness. With an overall score of 65.45, Thailand is now third in digital competitiveness in the…
- Business News
Thailand leads ASEAN in gold demand growth amid record prices
Thailand continues to lead the ASEAN region in consumer gold demand growth, as reported by the World Gold Council (WGC). In the third quarter of 2024, Thailand’s gold demand surged by 11% year-on-year, reaching 14.5 tonnes, marking its second consecutive quarter of robust growth. Globally, gold demand remained strong, increasing by 5% from a year earlier to 1,313 tonnes. This…
- Events
EU Green Diplomacy Weeks in ASEAN 2024 kicks off with a fun run/walk and green action events
The Ambassador of the European Union (EU) to ASEAN, H.E. Sujiro Seam, officially kicked off the EU-ASEAN Green Diplomacy Weeks 2024 in Jakarta, Indonesia. The launch featured already 2nd edition of the dynamic five-kilometre fun walk and run titled “EU-ASEAN Green Transition for Sustainable Planet and More Positive Impact” (GET UP and MOVE). Around 500 participants took part, including representatives…
- Business News
Hong Kong urged to innovate for tourist spending boost
Hong Kong businesses need to innovate to attract tourist spending, rather than focusing on the decline in visitor expenditure, a senior official has advised. Warner Cheuk Wing-hing, Deputy Chief Secretary for Administration, highlighted yesterday, October 20, that tourists are still eager to spend but have heightened expectations. “We cannot just complain about why people aren’t spending money. It’s not that…
- Environment News
Green dreams: EU-ASEAN leaders forge path to eco-future
Top EU-ASEAN business leaders and cooperation agencies came together for a high-powered Partners’ Dialogue forum to tackle the opportunities and challenges of ASEAN’s green transition. The event was hosted by none other than the European Union’s Ambassador, H.E. Sujiro Seam. Representatives from EU-ASEAN institutions, member states, businesses, and cooperation agencies gathered to share insights and experiences on ASEAN’s journey towards…
- Transport News
New SRT governor aims to make Thailand ASEAN rail hub
Veeris Ammarapala, the newly appointed governor of the State Railway of Thailand (SRT), pledged to transform Thailand into a leading railway service hub in the ASEAN region during his four-year tenure. Ready to begin his duties as the 20th governor, Veeris recognises the significance of his role and the SRT’s mission as the nation’s largest state-owned transportation enterprise. The SRT…
- Events
Exclusive event for the brightest business minds in the ASEAN region
FACE, in collaboration with the ASEAN Economic Forum, is proud to present an exclusive networking event tailored for business leaders across Southeast Asia. This highly anticipated event is set to take place on September 20 at the Waldorf Astoria. The event promises to bring together the region’s most influential CEOs, founders, and investors for an evening of dynamic pitches, strategic…
- Education
EU Inaugurates first Youth Sounding Board for EU in ASEAN
H.E. Sujiro Seam, Ambassador of the European Union (EU) to ASEAN, today officially inaugurated 11 youth representatives from ASEAN member states and Timor Leste as the first-ever cohort of the Youth Sounding Board for EU in ASEAN (YSBEA). The establishment of YSBEA is an initiative aimed at boosting young people’s engagement in EU-ASEAN cooperation to act as a youth advisory…
- Business News
Canada-ASEAN free trade agreement expected by next year
A free trade agreement (FTA) between Canada and the Association of Southeast Asian Nations (ASEAN) is anticipated to be finalised by next year, according to officials from Canada and Thailand involved in the discussions. Surin Thanalertkul, the Canadian embassy trade commissioner, along with Martin Sullivan, senior market development officer of the Canada Indo-Pacific Agriculture and Agri-Food Office (IPAAO), discussed the…
- Thailand News
ASEAN Troika Plus meeting on Myanmar crisis likely post-summit
The Ministry of Foreign Affairs (MFA) announced that the ASEAN Troika Plus meeting aimed at addressing the Myanmar crisis may take place after this year’s ASEAN Summit. The Deputy Director-General of the Department of ASEAN Affairs, Bolbongse Vangphaen, revealed that Laos, the ASEAN chair for the year, endorsed Thailand’s proposal for the ASEAN Troika Plus meeting during the 57th ASEAN…
- Thailand News
Thai-ing up: China’s industrial trade reshapes Southeast Asia
Chinese industrial products are increasingly penetrating the Southeast Asian market, significantly impacting Thailand’s trade dynamics. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) reports that this influx has diminished Thailand’s market share and contributed to a trade deficit with China amounting to nearly US$20 billion. Chinese online retailer Temu’s recent entry into Thailand is poised to exacerbate this…
- Thailand News
Japan urges ASEAN to prioritise hybrids over EVs for sustainability
Japan advocates for hybrid vehicles as an effective path for the Association of Southeast Asian Nations (ASEAN) to reach sustainable development goals. During the Economic Security and Supply Chains seminar, Yasuyuki Todo from the Faculty of Political Science and Economics at Waseda University cautioned ASEAN about over-relying on the electric vehicle (EV) industry. He pointed out that since Asean mainly…
- Thailand News
Thailand to ASEAN: Let’s get digital for ‘byte-sized’ unity
Thailand urged the Association of Southeast Asian Nations (ASEAN) to enhance integration by adopting a unified digital economy system, supporting sustainable development, and ensuring regional security through existing mechanisms. Speaking at the 57th ASEAN Ministerial Meeting in Vientiane yesterday, July 28, Foreign Affairs Minister Maris Sangiampongsa emphasised the growing interest of many countries and international organisations in engaging with ASEAN.…
- Business News
SCG Décor forecasts 10% rise to 30 billion baht in ASEAN market
SCG Décor (SCGD), a key player in the decor surface and bathroom business, projects a 10% year-on-year revenue increase to 30 billion baht, largely fuelled by heightened sales in the ASEAN market, including a significant push for green products. The company anticipates its revenue will double by 2030. Numpol Malichai, Chief Executive and Managing Director of SCGD, revealed the company’s intention…
- Education
EU’s Global Gateway initiative unlocks new opportunities for education and research in ASEAN
In a landmark discussion hosted by the Ambassador of the European Union (EU), H.E. Sujiro Seam, the EU, ASEAN and leading scholars from both regions came together to enhance cooperation in education and research. The Partners’ Dialogue focused on the transformative impact of the EU’s Global Gateway strategy in ASEAN, emphasising innovation, research collaboration, sustainable development, and the exchange of…
- Business News
Philippines ranks in top 10 for coal power reliance
The Philippines has emerged among the world’s top ten economies most reliant on coal-fired power, surpassing Indonesia and China. Data from energy think tank Ember highlights the country’s growing challenges in achieving its green energy objectives. In 2023, the Philippines saw its coal share in electricity generation increase for the 15th consecutive year. This rise comes despite the nation’s goal…
- Thailand News
Thailand and Singapore bolster regional stability through civil ties
Singapore and Thailand’s foreign ministers affirmed that enhanced civil service collaboration will deepen bilateral ties and contribute to regional development. Speaking at the 14th Civil Service Exchange Programme (CSEP), co-hosted by the Thai and Singaporean foreign affairs ministries, officials highlighted the importance of sharing knowledge and best practices among civil service officers from both nations. The ministers emphasised that such…
- Thailand News
Laos considers Thailand’s proposal for ASEAN troika meetings
The Foreign Affairs Ministry spokesperson, Nikorndej Balankura, confirmed that Laos has received and is considering Thailand’s proposal for ASEAN Troika and Troika plus meetings, which aim to alleviate the ongoing crisis in Myanmar. The proposal is Thailand’s attempt to engage with Myanmar’s military junta to resolve the situation while simultaneously advocating for humanitarian aid and peace. Thailand put forth this…
- Thailand News
Travel with AirAsia MOVE’s ASEAN Explorer Pass
To revolutionise travel within the ASEAN region, AirAsia MOVE has unveiled its groundbreaking ASEAN Explorer Pass. AirAsia MOVE, the brainchild of Capital A Berhad, is reshaping the landscape of online travel with its pioneering digital venture. At the heart of its mission lies the ASEAN Explorer Pass, hailed as a game-changer in connecting and championing the ASEAN region like never…
- Thailand News
PM highlights enhanced ASEAN connectivity for regional growth
Prime Minister Srettha Thavisin affirmed yesterday the critical role of enhanced ASEAN connectivity in unlocking the region’s full potential and boosting its collective competitiveness. The 62 year old Thai PM revealed this perspective during a virtual gathering for the ASEAN Future Forum 2024, which focused on the theme Towards Fast and Sustainable Growth of a People-Centred ASEAN Community. “Our emphasis…
- Business News
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…
- Thailand News
Thai defence ministry to downsize military
The Thai Ministry of Defence outlined a comprehensive plan to downsize service personnel by approximately 700 individuals within the next three years. This strategic move aims to restructure the military and is expected to result in savings of up to 34 million baht. Defence Minister Sutin Klungsang confirmed these details after a Defence Council meeting last Thursday. The initial phase…
- Thailand News
Thailand celebrates UN’s International Day of Happiness
Thailand is basking in the glow of happiness as it marks the International Day of Happiness, a celebration initiated by the United Nations on March 20 (today). This year, the nation has every reason to rejoice as it ascends two places in the global happiness index, landing at an impressive 58th spot, though trailing behind regional counterparts like Singapore, the…
- Business News
Thai PM invites Aussie firms to invest in clean energy
During the 2024 ASEAN-Australia Special Summit, Srettha Thavisin, the Prime Minister of Thailand, extended an invitation to prominent Australian companies to invest in Thailand’s electric vehicle (EV) battery, clean energy, and transport logistics sectors. The summit, which marks five decades of Australia’s partnership with ASEAN, is being held in Melbourne, Australia. PM Srettha used this opportunity to meet with his…
- Business News
Thai processed sugar exports to China surge due to ACFTA
Thai exports to China, particularly those of processed sugar items including syrup, artificial honey, and various sweeteners, have seen a significant surge, courtesy of the ASEAN-China Free Trade Agreement (ACFTA). Over the past decade, Thailand has witnessed a yearly growth of 145% in processed sugar exports to China, as reported by the Foreign Trade Department. Ronnarong Phoolpipat, the director-general of…
