investment
- Business News
Thailand ranks in top three for Southeast Asia IPOs
Thailand has emerged as one of the top three initial public offering (IPO) markets in Southeast Asia, securing 26% of the total fundraising in the region. This achievement reflects a robust pipeline of IPOs, particularly in the consumer, healthcare, and real estate sectors, according to global consultancy Deloitte. As of yesterday, November 19, Thailand conducted 29 IPOs in the year,…
- Business News
Thailand boosts Chinese investment with new roadshow in China
Thailand is actively promoting itself as an investment destination for Chinese businesses by organising a new roadshow in China. The initiative, led by the Board of Investment (BoI), aims to showcase the potential business opportunities available to Chinese investors, especially in the sectors of electric vehicle (EV) battery manufacturing and smart electronics. Deputy Prime Minister Pichai Chunhavajira, who also serves…
- Business News
Thailand boosts local content in industries amid US-China trade tensions
Finance Minister Pichai Chunhavajira is advocating for increased utilisation of domestic raw materials by businesses and the promotion of Thai ownership within supply chain companies. This initiative is part of a broader strategy to enhance the competitiveness of local industries by offering privileges through the Board of Investment (BoI). Pichai, serving as the chairman of the BoI, emphasised the importance…
- Thailand News
PM ‘fund-amentally’ speeds up investment for 2025 economy
Prime Minister Paetongtarn Shinawatra directed government entities to hasten the allocation of the investment budget for fiscal year 2025 to invigorate the nation’s economy. During a meeting with senior officials at the Finance Ministry yesterday, November 4, Paetongtarn highlighted that Thailand is grappling with longstanding issues compounded by new challenges. The 38 year old prime minister emphasised the necessity for…
- Best of
Top 5 accounting firms in Thailand 2024
Accounting is one service you can’t do without if you own a business in Thailand. A good accounting firm helps you manage critical financial tasks, such as calculating your withholding TAX and VAT and completing your financial statements. Plus, they also ensure that you comply with Thai law. In addition to keeping the numbers in line, an accounting firm can support…
- Thailand News
Thailand targets 3.5% GDP growth amid economic challenges
The Finance Ministry of Thailand has ambitiously set the stage for GDP growth by targeting a 3.5% annual increase. This announcement was made at the CEO Econmass Awards 2024, where Finance Minister Pichai Chunhavajira delivered a keynote address. The minister expressed optimism that next year’s growth rate could reach 3%, marking a 10% increase from this year’s forecasted 2.7%. “This…
- Business News
Cloud nine: Equinix boost set to reign over Thailand’s data skies
American tech giant and cloud extraordinaire Equinix is making waves in Thailand with a colossal 16 billion baht investment. This financial injection over the next decade is set to supercharge Thailand’s data centre infrastructure, targeting the surging demand from the bustling CLMVT region, according to Thailand’s Board of Investment (BoI). For those not in the know, the CLMVT region comprises…
- Thailand News
People’s Party challenges congestion fees, urges investment in public transport
The People’s Party (PP) is challenging the government’s proposal to introduce traffic congestion fees, advocating instead for the development of a comprehensive public transport network to alleviate urban crowding. Surachet Praweewongwut, a list-MP for PP, argued that while congestion charges might help ease traffic, the current feeder system is insufficient to persuade people to switch from private cars to public…
- Business News
Thailand, US bolster trade ties with focus on high-tech investments
Commerce Minister Pichai Naripthaphan and US Ambassador Robert F. Godec yesterday engaged in discussions focusing on trade tariffs and investment in high-tech sectors, aiming for strategic alignment. During their meeting yesterday, October 17, Pichai emphasised that the talks were crucial for establishing a strategic partnership and bolstering economic ties between Thailand and the US, enhancing both bilateral and investment relations.…
- Business News
Powering on: Thailand energy plan sparks a 2.9 trillion baht boost
Thailand’s new National Energy Plan (NEP) aims to drive significant investment and promote clean energy, with a projected 2.9 trillion baht in capital spending over the next 13 years. Central to this initiative is the emphasis on solar energy to reduce carbon dioxide emissions. The NEP 2024, scheduled for implementation from this year until 2037, integrates a comprehensive power development…
- Thailand News
Thailand Cabinet hits the right note with concert campaign
In a major bid to turn up the volume on tourism, the Thai Cabinet has launched a sensational music campaign aimed at luring world-famous artists to rock out in Thailand! With the goal of boosting both tourism and investment, it’s time for the Kingdom of Thailand to take centre stage. At a press conference yesterday, October 15, Prime Minister’s Office…
- Business News
Brick by brick: ONEAM builds investor excitement with TIREIT launch
ONE Asset Management (ONEAM) is digging foundations in the investment world, launching the Thai Industrial Real Estate Investment Trust (TIREIT) for investors seeking fresh opportunities amidst a shifting financial landscape. With high interest rates finally shifting into the rear-view mirror, savvy investors are turning to alternative assets like TIREIT to spread their risk. Chief executive Pote Harinasuta has revealed that…
- Business News
Japan urged to boost Thai investments, focus on semiconductors
Commerce Minister Pichai Naripthaphan called on Japanese businesses to boost their investments in Thailand, particularly in the semiconductor and high-tech sectors. This appeal comes as the Thai government aims to recover from a significant drop in Japanese investments following the 2014 coup. Investment from Japan plummeted by up to 90% after the coup and has yet to return to previous…
- Property
The smarter way to invest: Achieve a dream life in paradise with Thailand Investment Property
Phuket, the jewel of Thailand, isn’t just a holiday haven, it’s a prime target for savvy global investors. Boasting year-round warm tropical climates, jaw-dropping beaches, and top-notch international amenities, this island resort has solidified its reputation as one of the world’s most desirable and secure markets for foreign investors. Do you want to stake a claim in this tropical utopia?…
- Business News
WHAUP to invest 2.3bn baht in renewable energy projects
WHA Utilities and Power (WHAUP), a subsidiary of Thailand’s largest industrial land developer WHA Corp, is set to invest 2.3 billion baht to bolster its operations and meet the rising demand for water and renewable energy in Thailand and Vietnam. A significant portion of this budget will be directed towards expanding renewable energy, aiming to achieve an electricity generation capacity…
- Transport News
Nine railway projects worth 661 billion baht set for Cabinet approval
Nine railway projects totalling 661 billion baht (US$19.7 billion) in investment are set for Cabinet approval next month, according to Deputy Transport Minister Surapong Piyachote. Among these is the 357-kilometre second phase of the Thai-Chinese high-speed train system. Six of the nine projects are double-track rail routes requiring 298 billion baht (US$8.9 billion). These routes include the 285-kilometre Paknam Pho-Den…
- Thailand News
Thailand boosts HDD production with 23.5 billion baht investment
Thailand’s Board of Investment (BOI) approved a significant investment project by Western Digital Storage Technologies (Thailand) Co., Ltd., to expand its hard disk drive (HDD) and related equipment production. The project, valued at 23.516 billion baht, will take place in Bang Pa-in Industrial Estate, Phra Nakhon Si Ayutthaya province and 304 Industrial Park, Prachin Buri province. The Secretary-General of the…
- Business News
Western Digital to invest 23 billion baht in Thai expansion
Western Digital Storage Technologies (Thailand) received investment incentives from the Board of Investment (BOI) for a 23-billion-baht expansion aimed at capitalising on the burgeoning cloud and data centre industry. Western Digital, commonly known as WD, will utilise the new investment to enhance its production facilities located at Bang Pa-in Industrial Estate in Ayutthaya and the 304 Industrial Park in Prachin…
- Business News
Calls for action on Chinese investments in Thailand
The new Government of Thailand is facing calls to swiftly address the growing perception that Chinese products and investments pose a threat to Thai interests. This sentiment, if left unchecked, could harm Thailand’s export and tourism sectors. President of the Panyapiwat Institute of Management and an expert on the Chinese and US economies, Sompop Manarungsan, emphasised the need for cooperation…
- Business News
19 firms request SEC approval for investment tokens
Nineteen companies, primarily in real estate and software, notified the Securities and Exchange Commission (SEC) of their intent to secure funding through investment tokens as per the Digital Asset Act. The Deputy Secretary-General of the SEC, Jomkwan Kongsakul, confirmed that these 19 firms are currently in pre-consultation with the commission to explore fundraising via investment tokens. Three companies have already…
- Thailand News
GMM Music partners with Warner Music Asia in massive deal
GMM Music announced a strategic investment partnership with Warner Music Asia (WMA), one of the world’s leading music industry giants. WMA will invest 370 million baht in cash and provide a minimum guarantee payment of 315 million baht to accelerate GMM Music’s growth and expand the Thai music industry, the largest in Southeast Asia, to a global market. Chief Executive Officer…
- World News
Rare Marvel T-shirt from 1997 sells for over 220,000 baht
A rare Marvel T-shirt from 1997, featuring designs of Silver Surfer, Daredevil, and Spider-Man, has gone viral after an intense bidding war saw its price skyrocket past 200,000 baht on an online auction. The auction, started by Facebook user Sarayut Sakha, showcased a white T-shirt from 1997 with a chest measurement of 22.5 inches and a length of 29 inches.…
- Thailand News
Global investments start Southern Land Bridge project in 2026
The Southern Land Bridge megaproject is set to move forward, with companies from China, the United Arab Emirates, and the United States expressing interest in investing, according to the Office of Transport and Traffic Policy Planning (OTP). OTP Director-General Panya Chupanich stated that if everything proceeds as planned, construction will commence in 2026 and conclude in 2030. The Land Bridge…
- Guides
The 10 rules for trading success
Want to protect your capital while maximising your potential profits? There are some basic principles and rules that will help you achieve success in trading, irrespective of the market you’re in. Here’s a set of essential rules to improve your trading success. 1. Have a trading plan Crafting a well-thought-out trading plan is essential for successful trading. This plan should…
- Guides
Which is the best copy trading platform?
Copy trading has become increasingly popular with investors around the globe over the past decade. It’s considered a simple way to capitalise on market opportunities with little effort. But is it really a shortcut to making big bucks in the market, or is it too good to be true? What is copy trading anyway? With the help of XM, the…
- Guides
Upcoming trends for trading in 2024
2024 is poised to be a game-changing year for the FX and CFD markets. With the integration of AI technologies and a growing emphasis on mobile trading, industries are adapting to keep pace with global shifts. Here are the top 5 upcoming trends for trading in 2024. 1. Artificial Intelligence will remain at the forefront With the continuous advancement of…
- Business News
Pink Line monorail to boost traffic to Mueang Thong Thani
Bangkok Land, a publicly traded company, anticipates that the Pink Line monorail will boost traffic and increase the occupancy rate of its exhibitions to 70% within five years. Chief Executive of Bangkok Land and operator of Impact Exhibition Management, Paul Kanjanapas reported that in the first half of the year, the company’s food, retail, and exhibition sectors met their growth…
- Business News
Thailand woos Saudi investors with EV sector opportunities
Thai officials are set to attract Saudi Arabian entrepreneurs to invest in Thailand’s S-curve industries, particularly following their interest in the electric vehicle (EV) sector. Efforts to promote Thailand to potential investors will take place during a roadshow in Saudi Arabia, while also supporting Thai businesses aiming to expand into the Middle East, according to Narit Therdsteerasukdi, Secretary-General of the…
- 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
Thailand emerges as key hub for data centres and cloud services
Thailand continues to emerge as a strategic hub for investment in data centres and cloud services, driven by the rapid growth of artificial intelligence (AI) and digital services in the region. The Board of Investment (BOI) Secretary General, Narit Therdsteerasukdi, highlighted that 37 projects worth 98.539 billion baht have already been approved for investment in data centres and cloud services.…
