Showing 1 - 10 of 37
Thailand’s EV Industry Fuels Commercial Real Estate Boom
Published on 23/09/2024
» Thailand is poised to become Southeast Asia’s leading market for electric vehicle (EV) manufacturing and innovation, which will have significant implications for the country’s commercial real estate industry. According to JLL (NYSE: JLL), sustained growth in Thailand’s EV industry, supported by government policies and foreign investment, will create an addressable real estate market of at least $6.5 billion (THB220 billion) by 2030, underpinning the country’s rise as a regional leader in EV manufacturing and innovation.
Lab Innovation Hub: Thailand Leads with New Opportunities
Published on 11/09/2024
» The 14th edition of Thailand LAB INTERNATIONAL, Bio Asia Pacific, and FutureCHEM INTERNATIONAL officially opened today at BITEC, Bangkok, alongside the launch of the 1st edition of Health & Innovation Asia 2024. This trade fair, running from 11-13 September 2024, features over 500 brands, cutting-edge innovations, and is expected to attract over 12,000 attendees from across the laboratory equipment, life sciences, biotechnology, chemistry, and health-tech industries.
NACC, OECD Collaborate to Strengthen Thailand's Anti-Bribery Laws
Published on 03/09/2024
» The National Anti-Corruption Commission (NACC) hosted a meeting to launch the assessment report and recommendations of the “Reinforcing Thailand’s Anti-Corruption Framework” project under the Country Programme Phase 2 between the Government of Thailand and the Organisation for Economic Co-operation and Development (OECD). The event took place on 30th August 2024 at The Okura Prestige Hotel in Bangkok, aimed to present the key findings from the evaluation of Thailand’s anti-corruption legal and policy frameworks with recommendations for further action and implementation to align the country’s framework with OECD standards.
Gulf Binance Launches KYC Feature for Foreign Investors
Published on 15/08/2024
» Gulf Binance, a joint venture between Binance Capital Management Co., Ltd., a wholly-owned subsidiary of Binance, the world’s largest cryptocurrency trading platform by trading volume, and Gulf Innova Co., Ltd., reaffirms its commitment to inclusive financial access with the launch of its KYC Foreigner feature. This new feature provides foreign investors with a comprehensive digital asset investment experience on the Binance TH by Gulf Binance platform, which offers the most extensive range of trading pairs in Thailand. Starting on 14 August, foreign investors can complete the authentication process via this feature.
Peng Shen Technology Partners with Leading Thai Universities
Published on 09/07/2024
» Peng Shen Technology, a joint venture between Saha Group and Zhen Ding Tech Group (ZDT), the world's top PCB manufacturer, is establishing its PCB manufacturing plant on over 300 rai (approximately 118 acres) in Saha Group's Industrial Park, Kabin Buri, Prachin Buri Province, with an initial investment of around 10 billion baht in the first phase and more than 50 billion baht by 2030. The primary goal is to become a smart PCB manufacturing factory, increasing market share and serving as a major production base for ZDT Group.
IRPC and KTB Launch ESG-Linked FX Solutions
Published on 01/07/2024
» IRPC, in collaboration with Krung Thai Bank, advances the ESG-Linked FX Total Solutions Program, enhancing foreign exchange management to support IRPC’s sustainability goals.
BDMS Wellness Clinic Laguna Phuket Now Open
Published on 19/06/2024
» BDMS Wellness Clinic, Thailand’s leading preventive healthcare provider, has announced a significant collaboration with Bangkok Hospital Phuket and Laguna Phuket to launch BDMS Wellness Clinic Laguna Phuket, the newest branch of BDMS Wellness Clinic. This initiative aims to enhance wellness tourism and reinforce BDMS Wellness Clinic's leadership in developing the wellness economic corridor in the Andaman region.
Thailand Leads GMS Tourism Collaboration
Published on 07/06/2024
» Thailand plays a leading role in GMS regional tourism, inviting executives from the National Tourism Promotion Agency and entrepreneurs from over 15 agencies to cooperate in pushing the target number of foreign tourists to the Greater Mekong Sub-region (GMS) to exceed 95 million people by 2025. Senior tourism officials and executives from Cambodia, Lao PDR, and Myanmar will be special guests of the Tourism Authority of Thailand and the Ministry of Tourism and Sports at the Thailand Travel Mart Plus (TTM+) from 5-7 June in Khao Lak, Phang-nga Province. On 5 June 2024, two days before the official opening of TTM+, they will tour Phuket, visiting Ban Bang Rong Community, Phuket Old Town Community, and various facilities promoting Sports and Health Tourism, Gastronomy Tourism, Marine Tourism, and other recreational tourism products.
The Mall Group Expands Tourism Network with 35 Partners
Published on 05/06/2024
» The Mall Group marches forward to join forces with their various tourism industry partners, including hotels, airlines, international payment platforms, travel websites, and others, to form a Tourism Ecosystem and expand the Tourism Network. This aims to attract foreign tourists, which the latest expansion has seen the partnering with 16 leading airlines, international payment platforms, and leading international travel websites to offer remarkable experiences and super special privileges, beyond any other offers for foreign tourists, at The Mall Group’s department stores. The collaboration is targeted to attract foreign tourists during June to August, which for many countries is the summer holiday period for schools.
MINT Q1 Profits Surge to THB 1,146M
Published on 15/05/2024
» Minor International Public Company Limited (“MINT”) on May 14, 2024, announced its first quarter 2024 financial results, posting a net profit of THB 1,146 million in 1Q24 notwithstanding 1Q being the low season for its most significant contributor, its European hotel business. This profit represented a significant improvement from a THB 976 million loss in 1Q23 and was attributable to stronger performance across all business units as well as favourable foreign exchange movements. At the core level, MINT recorded a core net loss of THB 352 million in 1Q24 (due to aforementioned seasonality of the European hotel business), representing a 46% improvement (less loss) from a core net loss of THB 647 million in 1Q23. MINT’s hotel and restaurant businesses both reported robust financial performance in 1Q24 from continued rising demand, which enabled the Company to implement strategic dynamic pricing, drive increased dine-in traffic and lock in further cost optimisation. Minor Hotels Thailand, Minor Hotels Australia and Minor Food all saw double-digit year-on-year growth. Meanwhile, Minor Hotels Europe and the Americas outperformed expectations by narrowing their y-y quarterly losses.