Foreign investment

  • Thailand News

    Thai condo market faces turbulence with Myanmar buyers blocked

    The Thai condominium market is bracing for a storm as Myanmar’s crackdown on property purchases by its citizens threatens to halt a major influx of foreign investment. According to the Thai Condominium Association, the clampdown could significantly impact condo transfers during the second and third quarters of this year. Prasert Taedullayasatit, president of the association, revealed that Thai condo units…

  • Business News

    Philippines aims to be Asia’s next logistics hub with US support

    According to President Ferdinand Marcos Jr, the Philippines is positioning itself as Asia’s next manufacturing and logistics hub, leveraging its strengthening relationship with the United States. Under the leadership of Marcos, the Philippines has bolstered its defence and economic cooperation with Washington, which recently committed to accelerating investments in the nation’s transport infrastructure, clean energy, and semiconductor supply chains through the…

  • Thailand News

    Thai PM explores potential projects with Italian investors in Milan

    Prime Minister Srettha Thavisin embarked on a visit to Milan, Italy, where discussions with prominent investors from financial institution Intesa Sanpaolo highlighted potential avenues for collaboration on key infrastructure projects in Thailand. During his meetings, the 62 year old Thai prime minister disclosed plans regarding the Land Bridge project and the possibility of hosting a Formula One race in Thailand.…

  • 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…

  • Business News

    Thailand forecasts 558 billion baht foreign investment in key sectors

    Following a series of global roadshows led by Prime Minister Srettha Thavisin, the Board of Investment (BoI) anticipates a surge of at least 558 billion baht (US$15 billion) in foreign investment inflows into Thailand. The funds are expected to be channelled primarily into four critical sectors – digital, electric vehicles (EVs) and components, electronics and semiconductors, and logistics. BoI’s Secretary-General,…

  • Thailand News

    Hong Kong’s national security law: Foreign corporations

    Corporate lawyers and consultants have revealed that foreign corporations operating in Hong Kong have been revisiting their strategies since the previous year in anticipation of the recently passed domestic national security law. Despite assurances from the city and central authorities that the legislation, dictated by Article 23 of the Basic Law, would neither disrupt operations nor negatively impact the city’s…

  • Thailand News

    Srettha fires back: Defends overseas trips amid criticism

    Prime Minister Srettha Thavisin staunchly defended his international excursions and trips to neighbouring nations, asserting their vital role in ramping up foreign investment in Thailand and fostering stronger regional ties. Addressing critics head-on, the 62 year old PM justified his frequent forays into provinces to tackle local issues, such as combating the PM2.5 airborne pollution blighting Chiang Mai. Responding to…

  • Thailand News

    Boosting economic growth: Thailand-Hungary relationship

    Hungary seeks to cultivate a stronger bilateral relationship with Thailand as part of the Central European country’s objective to achieve 4% economic growth in the current year, according to Péter Szijjártó, the country’s Minister of Foreign Affairs and Trade. Trade between Thailand and Hungary hit a new high last year, exceeding US$730 million (approximately 26 billion baht). Thailand made significant…

  • Thailand News

    EEC ID system set to transform foreign investment landscape

    The Eastern Economic Corridor Office (EECO) unveiled plans for the introduction of the EEC ID system by September’s end. This innovative system, aimed at streamlining administrative processes for foreign investors and workers across the 35 promoted zones in Chachoengsao, Chon Buri, and Rayong provinces, promises to be a game-changer. Korkij Danchaivichit, EECO Deputy Secretary-General, projects a substantial uptake, with an…

  • Business News

    Thailand’s investment applications surge to five-year high in 2023

    Thailand’s investment promotion applications in 2023 skyrocketed to a five-year high of 848 billion baht, marking a 43% increase from the adjusted figure of the previous year. The surge was powered by significant foreign investments in the five priority sectors identified in the Board of Investment’s (BoI) fresh Investment Promotion Strategy. Contributing to this colossal growth in Thailand’s foreign direct…

  • Business News

    Thailand’s Land Bridge project eyed as foreign investment magnet

    The Land Bridge project in southern Thailand, a proposal yet to be approved, is being highlighted as a potential boon for foreign investments, akin to the successful Eastern Economic Corridor (EEC). This comparison is drawn by the current government. The EEC, unlike the proposed Land Bridge, is operational and continues to develop, acting as a high-tech industrial hub drawing investments.…

  • Thailand News

    Thailand eyes foreign bonds to set private sector rates

    Thailand’s Ministry of Finance is poised to issue foreign currency bonds for the first time in 20 years, a move that is not aimed at fundraising but at establishing a benchmark interest rate for the private sector. The announcement was made by Julapun Amornvivat, Deputy Minister of Finance, who stated that the Public Debt Management Office (PDMO) has been tasked…

  • Business News

    Franklin Templeton eyeing expansion into Thailand’s offshore market

    Franklin Templeton, an American multinational holding company with a portfolio worth US$1.5 trillion, is contemplating an expansion into Thailand to tap into the local market for offshore products. The Asia-Pacific head, Tariq Ahmad, revealed this in an interview in Hong Kong, however, he did not specify a timeline for the expansion. The firm is also planning to bolster its alternative…

  • Phuket News

    Phuket’s phenomenal rise: From tropical paradise to global hub

    In the wake of a robust global economic resurgence, Phuket has emerged as a magnet for inbound migration, shaping a vibrant and eclectic international community in the heart of Asia, reveals C9 Hotelworks’ latest expansive investment dossier on Phuket’s economic landscape. Managing Director of C9 Hotelworks Bill Barnett stated… “With a tourism and property market in full throttle, we’re witnessing…

  • Business News

    Foreign e-commerce giants to dominate Thailand’s market in 2024

    An e-commerce chief predicts that foreign operators will continue to control Thailand’s e-commerce landscape, with live commerce and affiliate marketing becoming increasingly prevalent in the next year. Overcoming the nation’s digital trade deficit continues to be a challenge as international companies lead in sales, delivery, and advertising. The value of Thailand’s e-commerce market is slated to surge to an impressive…

  • Business News

    Thailand’s EV policies and tech partnerships attract foreign investors

    The Federation of Thai Industries (FTI) has projected that Thailand will become increasingly appealing to foreign investors, backed by distinct government policies encouraging investment. Prime Minister Srettha Thavisin recently endorsed a policy designed to stimulate Electric Vehicle (EV) production and consumption between 2024 and 2027. This incentive package, known as EV 3.5, is expected to be a significant determinant in…

  • Business News

    Thailand’s PM courts tech giants for digital sector investment

    Prime Minister Srettha Thavisin has been courting major corporations in a bid to bolster foreign direct investment (FDI) in Thailand’s digital and high-tech sectors. This comes after the initial deals struck for tech investment under the previous administration. During his recent visit to the US, the 61 year old Thai PM engaged with several technology behemoths, imploring them to consider…

  • Business News

    Thailand PM invites Tesla, HP, and Analog Devices to invest

    Thailand Prime Minister Srettha Thavisin extended an invitation to three significant American corporations to consider investing in Thailand, asserting the nation’s capability to act as their productive bases. The 61 year old prime minister recently visited the manufacturing plant of Tesla’s electric vehicles (EVs), where he participated in a trial run of the company’s cyber truck, which is set for unveiling…

  • Thailand News

    Economic reformation in action: Thailand open for foreign investments amid polycrisis

    Prime Minister Srettha Thavisin declared Thailand’s openness to foreign investments and readiness to collaborate with the private sector for an economic reformation to create an inclusive and sustainable future. Speaking on Wednesday at the Foreign Industrial Club Gala Dinner, the Thai PM’s speech, titled Reformation of Thai Economy Amidst Polycrisis, was summarised by government spokesperson Chai Wacharonke. The 61 year…

  • Business News

    Chinese corporations eye investment in Thai green economy

    Chinese corporations have expressed their intent to invest in Thailand’s green economy and development projects, renewable energy, electric vehicles (EVs), and transportation infrastructure, according to Prime Minister Srettha Thavisin. The Chinese investment announcement came after discussions between PM Srettha and Chinese business executives at the 3rd Belt and Road Forum for International Cooperation (BRF) in Beijing. The 61 year old…

  • Business News

    Tesla, Google, Microsoft eye US$5 billion investment in Thailand

    Thailand anticipates a minimum of US$5 billion (160 billion baht) investment from tech giants Tesla, Google, and Microsoft, as shared by Prime Minister Srettha Thavisin. Tesla is considering establishing an electrical vehicle (EV) manufacturing facility, while Microsoft and Google are exploring data centres, PM Srettha today stated, without specifying whether this projected US$5 billion was an aggregate investment or an…

  • Thailand News

    Thailand signals reopening for foreign investment at UNGA78, says PM Srettha

    Srettha Thavisin, the Prime Minister of Thailand, declared his attendance at the 78th United Nations General Assembly (UNGA78) session in New York a triumph, as it signalled that Thailand is reopening its doors to foreign investment. PM Srettha, who also holds the position of finance minister, shared this positive outlook with the press following his address at the UNGA78 general…

  • Business News

    Foreign income tax proposal raises eyebrows among retail investors

    A call has been issued to the government to reconsider the proposed foreign income tax, which could significantly impact retail investors with overseas investments, according to Jitta Wealth Asset Management. Trawut Luangsomboon, Jitta’s chief executive, voiced his concerns about the Revenue Department’s plan to include assessed income from abroad in the personal income tax calculations. He pointed out that the…

  • Business News

    BlackRock eyes Thai clean energy and sustainability bonds for investment

    Global asset management giant, BlackRock Inc, with a staggering total of US$9.43 trillion worth of assets under its belt, has set its sights on expanding its business horizons in Thailand. The company is particularly interested in investing in the Thai government’s Sustainability Linked Bonds and the country’s clean energy sector, according to a statement by government spokesperson Chai Wacharonke. The…

  • Business News

    Thai-dal wave: Taiwanese electronics firms spark 30 billion baht boom in Thailand

    The electronics industry of Thailand is set to experience significant growth as 20 new investments, amounting to 30 billion baht, have been approved by the Board of Investment (BoI). These investments are from Taiwan-based electronics firms that have shown intent to establish Thailand as their new export base. The BoI indicated that this move is particularly noteworthy for manufacturers of…

  • Business News

    GAC to invest 6bn baht in Thai EV and battery factories

    Guangzhou Automobile Corporation (GAC), China’s second-largest electric vehicle (EV) seller, is set to invest 6 billion baht in the construction of EV and battery factories in Thailand over the next three to five years. The move will transform the country into a key production and export base for the firm. Ocean Ma, who oversees the company’s subsidiaries, Aion Automobile Manufacturing…

  • Business News

    Thailand sees 17% boost in foreign investment, hitting 58.9 billion baht in 7 months

    Thailand saw a 17% increase in foreign investment, reaching 58.9 billion baht in the first seven months of this year. The announcement was made yesterday by Rachada Dhnadirek, the deputy government spokeswoman. Investors from Japan played a major role, with 94 groups contributing 19.89 billion baht. The United States followed with 67 entities investing 3 billion baht. Singapore had 61…

  • Economy News

    Foreign investments bolster Thai economy with 58.9 billion baht boost

    From January through July of this year, Thailand welcomed a foreign investment sum of 58.9 billion baht. A notable chunk of this influx originated from Japan, whose companies lavished the largest amount of capital on developing their businesses within Thai borders. Estimates suggest that the Japanese investors led the pack with a total outlay of 19.9 billion baht. They were…

  • Business News

    French firms eye big ticket investment in Thailand’s EEC

    In a bid to fortify its economy, the Thai government is extending an invitation to French corporations to make significant investments in the Eastern Economic Corridor (EEC). Identified as an ideal zone for the development of a high-tech industrial park, the EEC comprises sections of Chachoengsao, Chon Buri, and Rayong. The authorities have identified aviation alongside 11 other S-curve industries…

  • Business News

    GAC Aion to invest 6 billion baht in Thai EV market expansion

    China‘s third-largest electric vehicle (EV) producer, GAC Aion, is gearing up to expand its operations in the Thai market. In an ambitious plan, the automaker pledged to pour over 6 billion baht into the establishment of manufacturing and sales facilities in Thailand. This noteworthy market penetration comes as the result of the Board of Investment’s (BoI) careful arrangement involving seven…