High-Skill Visa attracts 56,000 foreign nationals to Thailand June 06, 2024 Thailand currently has over 56,000 foreign nationals with approved visas and work permits. This includes about 50,000 foreign executives and experts working under investment promotion projects, according to the Board of Investment. more
Biden raises tariffs on $18 billion of Chinese imports: May 15, 2024 President Joe Biden plans to impose a 100% tariff on Chinese electric vehicle imports, a 50% tariff on Chinese solar cells and a 25% tariff on certain Chinese steel and aluminum imports more
Dozens of Red Lobster Restaurants Are Auctioning Off Equipment May 15, 2024 Red Lobster, a struggling seafood chain, has been auctioning off equipment from over 50 of its US locations, reported the New York Times more
Tech Giants Start to Treat Southeast Asia Like Next Big Thing May 13, 2024 Southeast Asia is rapidly emerging as a tech hub, attracting investments from industry giants like Apple, Microsoft, and Nvidia, reported Bloomberg. With a population of about 675 million, the region is drawing significant tech investment, particularly in data centers more
Cambodia, Thailand draw $320m in investments from Japan's MinebeaMitsumi May 13, 2024 Japanese parts supplier MinebeaMitsumi plans to invest nearly 50 billion yen ($321 million) to build a factory in Cambodia and increase solar power output at its Thailand plants more
Board of Investment reveals new project proposals rise 31% in Q1 May 06, 2024 The Board of Investment (BoI) reported a 31% year-on-year surge in the value of new investment project proposals in the first quarter, tallying 228 billion baht, with electronics and electrical appliances the segment comprising the highest value more
In the EV future, Thailand, the ‘Detroit of Asia,’ May 06, 2024 Tesla faces challenges including sales decline and stock price drop amidst the US-China trade war. Amidst this, Tesla is eyeing expansion into Southeast Asia, particularly Thailand, dubbed the "Detroit of Asia," for its potential in reducing dependence on China more
Microsoft bets big on South-east Asia, pledges billions in AI and cloud investments May 03, 2024 Microsoft announced a US$1.7 billion investment in new cloud and AI infrastructure in Indonesia. In Thailand, Microsoft announced its first data center region to expand the availability of its hyperscale cloud services more
Phononic Launches Wholly Owned Subsidiary in Thailand as APAC Headquarters April 24, 2024 Phononic launches wholly owned subsidiary in Thailand as APAC headquarters. Phononic can now scale availability of devices, fully integrated solutions, and disruptive products to its partners and licensees that leverage its R&D and engineering design HQ in RTP, NC. more
