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Kasikorn Business-Technology Group chairman believes AI could 'supercharge' the economy

Business, Suchit Leesa-nguansuk, Published on 06/09/2024

» As the working age population shrinks, artificial intelligence (AI) could be a catalyst to "supercharge" the Thai economy, says Ruangroj Poonpol, group chairman of Kasikorn Business-Technology Group (KBTG), an arm of Kasikornbank.

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GENERAL

Smartphone shipments stagnate in Q2

Business, Suchit Leesa-nguansuk, Published on 05/09/2024

» Smartphone shipments to Thailand in the second quarter of 2024 posted only 1% growth year-on-year, compared with 14% growth in Southeast Asia, according to global research firm Canalys.

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GENERAL

Temu's presence could intensify price war

Business, Suchit Leesa-nguansuk, Published on 04/09/2024

» While it's too early to gauge Chinese e-commerce giant Temu's long-term impact on the e-commerce market in Thailand and the region, sellers may need to prepare for another price war, says market analytics firm Cube Asia.

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NIA targets startups for global expansion

Business, Suchit Leesa-nguansuk, Published on 03/09/2024

» The National Innovation Agency (NIA) is teaming up with the Federation of Thai Industries (FTI), the Board of Investment (BoI), and international partners to help local startups enter the global market through investment mechanisms and launching pads.

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GENERAL

Lazada's youngest homegrown chief sets out growth vision to drive Thailand's digital economy

Business, Suchit Leesa-nguansuk, Published on 26/08/2024

» As the new chief executive of major e-marketplace operator Lazada Thailand, Varitha Kiatpinyochai, 32, is the company's youngest homegrown chief executive and the first woman to take the helm. 

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GENERAL

KMITL launches semiconductor R&D centre

Business, Suchit Leesa-nguansuk, Published on 23/08/2024

» King Mongkut's Institute of Technology Ladkrabang (KMITL) has launched the country's first comprehensive semiconductor technology research and development (R&D) centre, aiming to bolster Thailand's role in the global supply chain.

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GENERAL

Singapore University of Social Sciences academy opens its doors

Business, Suchit Leesa-nguansuk, Published on 21/08/2024

» Orange Cap Innovative (OCI), a local venture builder, is joining forces with Singapore University of Social Sciences (SUSS) to establish the "Success Academy" in Thailand, promoting lifelong learning opportunities and global entrepreneurship.

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Pact offers firms e-sports prospects overseas

Business, Suchit Leesa-nguansuk, Published on 21/08/2024

» Thailand's technology and financial technology businesses are seeking business opportunities in Saudi Arabia to capitalise on Saudi Vision 2030 and the world's first edition of the Olympic Esports Games scheduled to be held in Saudi Arabia next year.

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TikTok Shop reports 500% GMV growth

Business, Suchit Leesa-nguansuk, Published on 20/08/2024

» Despite the sluggish economy, TikTok Shop has posted more than 500% growth in gross merchandise value (GMV) in live commerce over the past eight months, according to the platform.

GENERAL

Ministry allots B5bn to upgrade workforce

Business, Suchit Leesa-nguansuk, Published on 19/08/2024

» The Ministry of Higher Education, Science, Research and Innovation (MHESI) has set aside a 5-billion-baht budget to develop 17,500 highly skilled workers within five years to serve three strategic sectors: semiconductors, electric vehicles (EVs) and artificial intelligence (AI).