investment
- 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.…
- Business News
Credit agencies highlight Thailand’s EEC as key to industrial growth
Credit rating agencies underscore the significance of Thailand’s Eastern Economic Corridor (EEC) project in advancing the nation’s industrial sector and boosting competitiveness, according to the Public Debt Management Office (PDMO). The public debt advisor for PDMO, Jindarat Viriyataveekul, indicated that credit rating agencies have been closely observing the EEC project’s progress for years due to its pivotal role in shaping…
- Business News
Global bond funds attract 88 billion baht, yield 0.50% return
Global bond funds have seen significant popularity over the past 18 months, drawing investments totalling 88 billion baht and yielding an average return of 0.50% for the year to date, according to Morningstar Research (Thailand). Morningstar stated that global bond funds are capable of producing positive average returns this year, although these returns are modest in comparison to the US…
- Business News
Thailand factory closures surge as cheap imports hit local industries
Factory closures in Thailand have surged this year, with local electronics, steel, and plastics manufacturers bearing the brunt as demand declines and cheap imports inundate the domestic market, according to the Industry Ministry. The closures were evaluated based on the investment value of the affected factories. Electronic parts and printed circuit board factories topped the list with an investment value…
- Business News
Finance Ministry to launch 500 billion baht fund to boost shares
Stock analysts are backing the Finance Ministry’s initiative to establish a new fund aimed at boosting investment in Thai shares, predicting a surge in trading activity in the fourth quarter. To revitalise the sluggish stock market, Finance Minister Pichai Chunhavajira announced that the ministry is exploring the creation of a new fund similar to the Vayupak Fund, a former state-managed…
- 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
Thailand amps up EV efforts to recharge used battery market
Thailand is intensifying its efforts to boost the electric vehicle (EV) supply chain with new investment incentives targeted at the repair and refurbishment of used EV batteries, according to the Board of Investment (BoI). The BoI introduced a new investment promotion category for service centres specialising in the repair, repacking, and reuse of used EV batteries. This initiative is part…
- 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…
- Cannabis
Should you invest in the Thai cannabis market
If you are exploring investment opportunities in the cannabis market, Thailand can offer a progressive platform for your future ventures. By establishing a Thai Limited Company, you can position yourself effectively in this rapidly developing industry. Having a thorough comprehension of the diverse licensing options available in Thailand’s cannabis sector is of paramount importance. These licenses play a significant role…
- Thailand News
Government to advance 47 billion baht in PPP projects this year
Government investment projects under public-private partnerships (PPP) are set to advance this year, nearing the target of 47 billion baht, as projected by the State Enterprise Policy Office (Sepo). Sepo’s director-general, Tibordee Wattanakul, mentioned that the PPP investments are expected to alleviate the government’s fiscal responsibilities. By February, the PPP Committee had sanctioned 18 billion baht for fiscal 2024, focusing…
- Thailand News
Thailand urged to support major theme parks
Thailand should offer robust support, including investment incentives and infrastructure development, to attract major theme park brands like Disney, according to the International Association of Amusement Parks and Attractions (IAAPA). IAAPA Board Chairman Wuthichai Luangamornlert emphasised that investors are inclined to develop attractions in destinations providing substantial support. China’s rail transport system was completed a year before the opening of…
- Thailand News
Woman arrested for 2.8 million baht fraud and nude clip scheme
The Royal Thai Police (RTP) arrested a woman for her alleged involvement in a nude clip scheme and a 2.8 million baht investment scam impersonating a well-known platform where she reportedly coerced victims into sending nude clips in exchange for withdrawing their investment money. Police Major General Teeradech Thammasuthee, today, alongside an investigative team, apprehended 29 year old Arisa under…
- Technology News
The rise of augmented reality and virtual reality
As the trend of working from anywhere solidifies, the complexity of re-establishing an office-like setting at home becomes increasingly conspicuous. This issue extends beyond simply acquiring ample space or sufficient privacy the inconveniences associated with transporting large-scale monitors are also noteworthy. Here, Augmented Reality (AR) and Virtual Reality (VR) emerge, offering potential solutions to these obstacles. Envision metamorphosing your residential…
- Business News
Thailand aims for 7.5 billion baht from foreign filmmakers this year
Thailand is making a concerted effort to boost its economy by attracting international filmmakers to its scenic and diverse locations. The Tourism and Sports Ministry has teamed up with the Culture Ministry to promote these film locations, aiming to generate 7.5 billion baht (US$206.5 million) in earnings from foreign film companies this year. The collaborative effort was highlighted at the…
- Cannabis News
Gunkul Engineering pulls the plug on cannabis investment
Gunkul Engineering, a Stock Exchange of Thailand (SET)-listed renewable energy firm, is halting its investment in the cannabis industry, awaiting clearer government regulations. The company, which ventured into cannabis and hemp through its subsidiary GK Hemp Group, has already spent nearly 500 million baht (US$14 million) on developing its cannabis project but is now pausing further expenditure. The firm’s decision…
- 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
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…
- Business News
Thai-tanic surge: Thailand investment pledges make waves
According to data released by the Board of Investment (BOI) today, Thailand’s investment pledges surged 31% in the first quarter of 2024. This promising growth was recorded in comparison to the corresponding period of last year. The information revealed that the aggregate value of all investment applications in the first three months, leading up to March, soared to 228 billion baht…
- Business News
SEC warns digital asset exchanges on special privileges
The Deputy Secretary-General of the Securities and Exchange Commission (SEC) issued a stern warning to digital asset exchange operators. The caution comes in light of recent findings by the SEC, which reveal that these exchanges often entice the public to invest by offering special privileges, thereby encouraging trades on their platforms. Anek Yooyuen emphasised that the operations of digital asset…
- Guides
How you can use AI for smarter money management
In the rapidly evolving domain of technology, artificial intelligence (AI) is significantly transforming the management of financial operations. It is noteworthy to observe recent research indicating a substantial shift towards the integration of AI in personal finance management. It’s pretty exciting to see recent studies showing a big move towards using AI in personal finance. What started as a cool…
- 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…
- 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…
