Economy and industry

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Digital industry is a significant driver of Thailand’s economic transformation strategy, as the country has been moving beyond capturing the global digital evolution for years. With the Thai government’s supportive Thailand 4.0 policy on national infrastructure improvement, extensive efforts to develop a complete ecosystem to ...

The Cabinet has made changes to the criteria and benefits of the smart visa program in a bid to facilitate foreign academics who come to share their knowledge with Thai industrial personnel. Following the weekly Cabinet meeting, Government Spokesperson Puttipong Punnakanta announced that approval was ...

The Energy Ministry is considering using a surplus of crude palm oil this year to replace fossil fuels for power generation at two state-run plants in Chachoengsao and Ratchaburi.The tentative plan is to be implemented at Bang Pakong power plant, owned by the Electricity Generating ...

Thailand focused on its position to promote decent work and a trilateral partnership to enhance sustainable national development during an international labor session. The Ministry of Labor’s Deputy Permanent-Secretary Suradej Waleeittikul led officials from Thailand to attend the International Labor Organization’s (ILO) 334th Session of ...

The government of Myanmar has launched a major investment drive centred on Asian countries in the face of declining interest from the West. “We must be proactive and seek the sort of investment that is good for the country,” Thaung Tun, head of the Myanmar ...

Disruptive technologies are going to bring down Thai universities’ rankings – no matter how well regarded they are now – unless they adjust quickly and efficiently, Deputy Education Minister Udom Kachintorn has warned.  “For one thing, Thailand’s birth rate has fallen drastically,” Udom said at ...

Though countries in Asia Pacific are racing to build their own cryptocurrency hubs — Jeju Island in South Korea or Cagayan in the Philippines are among them — they are arguably playing catch-up: Thailand has one of the most prosperous cryptocurrency ecosystems in the region, ...

Similar to many other growing Southeast Asian countries, Thailand is facing an increase in energy demand. According to the ASEAN Centre for Energy (ACE), energy demand in Southeast Asia in 2040 is expected to increase between 110- to 130 percent. Meanwhile, due to Thailand’s good ...

Myanmar and Thailand signed an agreement to jointly upgrade a highway linking the Thai-Myanmar border with the Dawei Special Economic Zone (SEZ), a USD8 billion project that includes a deep seaport. The project in southern Myanmar’s Tanintharyi Region is set to be Southeast Asia’s largest ...