investment
- 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 nationโs 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: Thailandโs investment applications soared by 35% in 2024, hitting a decade peakโฆ
- Business News
Tax cuts with a twist: SEZ businesses get a decade of ten-percenters
The Revenue Department is slashing corporate income tax to just 10% for businesses nestled in Thailandโs special economic zones (SEZs) for the next ten years in a stunning financial manoeuvre. The move, designed to inject life into these strategically positioned areas, is set to give them a major boost. Director General Pinsai Suraswadi revealed that this game-changing tax cut receivedโฆ
- Business News
Thailand sees record investment surge, driven by digital sector boom
Investments in Thailand are projected to increase this year, following a 35% rise in investment incentive applications, reaching 1.14 trillion baht (US$32.8 billion) last year. This marks the highest level since 2014, driven by substantial foreign direct investment (FDI) projects in data centres and cloud services, according to the Board of Investment (BoI). For the first time in 2024, theโฆ
- Business News
Thailand unveils clean energy plan with 2.9 trillion baht investment
Thailand is advancing its commitment to reducing greenhouse gas emissions with the introduction of a new power development plan (PDP) emphasising clean energy usage. This strategic initiative is part of the broader National Energy Plan, which will be implemented from 2024 to 2037. The plan aims to transform the countryโs energy landscape by prioritising renewable energy sources over fossil fuels.โฆ
- Business News
Crypto the future: Thailand coins new digital investment arena path
Thailand is making strides to become a regional leader in digital asset investment, with the government pledging to create opportunities and enhance accessibility in this burgeoning market. Deputy Finance Minister Julapun Amornvivat emphasised the importance of collaboration with the private sector to support the growth of digital assets during a keynote speech at a Binance TH event. In his address,โฆ
- 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,โฆ
- 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 servesโฆ
- 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 importanceโฆ
- Crime News
Energy scam shock: 20 duped by bogus clean energy company
In yet another alarming tale of betrayal, the Economic Crime Suppression Division (ECD) of the Central Investigation Bureau swooped in with allegations against a company accused of swindling 20 unsuspecting investors. The victims were reportedly lured into pouring their hard-earned cash into what turned out to be a phantom clean energy venture. Spearheading the charge against this audacious act ofโฆ
- Best of
Top 5 accounting firms in Thailand 2024
Accounting is one service you canโt 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 supportโฆ
- 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 yearโs growth rate could reach 3%, marking a 10% increase from this yearโs forecasted 2.7%. โThisโฆ
- Business News
Cloud nine: Equinix boost set to reign over Thailandโs 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 Thailandโs data centre infrastructure, targeting the surging demand from the bustling CLMVT region, according to Thailandโs Board of Investment (BoI). For those not in the know, the CLMVT region comprisesโฆ
- Property
How to find a property for sale in Pattaya
Pattaya, Thailandโs coastal city has become an increasingly popular destination for property buyers seeking a tropical paradise. With its stunning beaches, vibrant nightlife, and growing infrastructure, Pattaya offers a unique blend of relaxation and excitement. However, finding the right property in this bustling real estate market requires careful consideration and thorough research. Thatโs why Pattaya Prestige Properties has created thisโฆ
- 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.โฆ
- Business News
Powering on: Thailand energy plan sparks a 2.9 trillion baht boost
Thailandโs 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 developmentโฆ
- 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, itโs time for the Kingdom of Thailand to take centre stage. At a press conference yesterday, October 15, Prime Ministerโs Officeโฆ
- Economy News
Penny-wise, pound foolish: Thailandโs budget delay leaves fiscal year in arrears
The Government of Thailandโs delayed budget approval led to significant underinvestment in the previous fiscal year, according to the Comptroller Generalโs Department (CGD). The state budget for the fiscal year is divided into a fixed fund and an investment fund. For fiscal 2024, which ended on September 30, the fixed fund amounted to 2.8 trillion baht (US$84 billion), covering expensesโฆ
- 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 previousโฆ
- Property
The smarter way to invest: Achieve a dream life in paradise with Thailand Investment Property
Phuket, the jewel of Thailand, isnโt just a holiday haven, itโs 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 worldโs most desirable and secure markets for foreign investors. Do you want to stake a claim in this tropical utopia?โฆ
- Business News
WHAUP to invest 2.3bn baht in renewable energy projects
WHA Utilities and Power (WHAUP), a subsidiary of Thailandโs 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 capacityโฆ
- Guides
How to find trustworthy brokers in 2024
Nowadays, the majority of people are using online broker services to trade stocks and other assets. The top brokers out there are like all-in-one packages, providing top-notch customer service thatโs quick on the draw and platforms for trading that are both easy to use and jam-packed with features. But with so many good online brokers available today, how do youโฆ
- Thailand News
Thailand boosts HDD production with 23.5 billion baht investment
Thailandโs 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 theโฆ
- 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 Prachinโฆ
- 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 Thailandโs 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 cooperationโฆ
- Crime News
Thai police arrest fraudsters behind billion baht investment scam
Thai police apprehended members of a fraudulent investment scheme involving a false claim of raising funds to list shares on the American stock market, resulting in over 1 billion baht in financial damages. Arrest warrants reveal 59 charges against the suspects. Police Major General Phutthidej Boonkrapue, Head of the Economic Crime Suppression Division, directed the operation led by Police Colonelโฆ
- 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 worldโs 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 Musicโs growth and expand the Thai music industry, the largest in Southeast Asia, to a global market. Chief Executive Officerโฆ
- 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 Bridgeโฆ
- Thailand News
Thailand, China boost trade alliance amid investment opportunities
Thailand and China have engaged in discussions to enhance trade cooperation, focusing on expanding the market for Thai livestock products and fruits in China, while also welcoming Chinese investment in emerging industries within Thailandโs Eastern Economic Corridor (EEC). Deputy Commerce Minister Suchart Chomklin, appointed by Commerce Minister Phumtham Wechayachai, participated in the third meeting of the Sub-Committee on Trade andโฆ
- Guides
Which is the best copy trading platform?
Copy trading has become increasingly popular with investors around the globe over the past decade. Itโs 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, theโฆ