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GENERAL

Alibaba rumoured to dump Lazada

Business, Suchit Leesa-nguansuk, Published on 20/06/2024

» An industry source familiar with Alibaba and the e-commerce industry says the company is in talks with Central Group and Charoen Pokphand (CP) to sell its stake in Lazada Thailand, following intensifying competition in the local market.

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GENERAL

Fortinet points to surge in value of cybercrime by 2025

Business, Suchit Leesa-nguansuk, Published on 19/06/2024

» The financial impact of cybercrime on the economy and society is expected to surge to US$10.5 trillion by 2025, yet Thailand spends only 0.2% of corporate revenue on cybersecurity systems, according to global cybersecurity firm Fortinet.

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GENERAL

AutoStore sets up robot production base

Business, Suchit Leesa-nguansuk, Published on 19/06/2024

» AutoStore, a Norway-based automated fulfilment system, selected Thailand as its second overseas market to set up a robot manufacturing base, aiming for proximity to key markets.

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Power, investment key to data centre goal

Business, Suchit Leesa-nguansuk, Published on 18/06/2024

» Promoting affordable renewable power and continuing investment in related infrastructure are key factors if Thailand is to achieve its goal of becoming a regional data centre hub, according to executives.

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GENERAL

Survey reveals younger generations' preferences

Business, Suchit Leesa-nguansuk, Published on 18/06/2024

» Meaningful work, flexible work-life balance and career opportunities are key to recruiting and retaining Generation Z and millennial cohorts in Thailand, according to a survey by consulting firm Deloitte.

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TikTok in government tie-up to boost SME sales

Business, Suchit Leesa-nguansuk, Published on 13/06/2024

» The e-commerce platform TikTok Shop on Wednesday signed a memorandum of understanding (MoU) with the Department of Business Development to drive contributions from small and medium-sized enterprises (SMEs) to 40% of GDP by 2027, rising from 35%.

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Meta, Shopee roll out new feature in Thailand

Business, Suchit Leesa-nguansuk, Published on 13/06/2024

» Meta has integrated shopping features within its messenger service and collaborated with e-marketplace Shopee to use Shopee's merchant product catalogues for Messenger to help Shopee merchants close sales on multiple platforms.

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Food delivery, super apps see modest growth in 2023

Business, Suchit Leesa-nguansuk, Published on 12/06/2024

» Despite economic challenges, Thailand's food delivery and on-demand super apps continued to grow moderately last year.

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Funding of B8bn for researchers

Business, Suchit Leesa-nguansuk, Published on 11/06/2024

» Thailand Science Research and Innovation (TSRI) has allocated 8 billion baht for the country to bolster its supply of young researchers, aiming to support S-curve industries such as artificial intelligence (AI), electric vehicles (EVs) and quantum technologies.

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Thai carrier, resort optimistic on the Maldives

Business, Suchit Leesa-nguansuk, Published on 07/06/2024

» Bangkok Airways and luxury resort SO/ Maldives are upbeat about increasing their business opportunities in the Maldives, with Thais avid visitors of the islands located in the Indian Ocean.