Thailand

Future Forward Party looking to reinvigorate Thai politics

There’s a new party in town that has got everyone excited. Launched last week, the Anakhot Thai or the Future Forward Party is the latest party to enter the Thai political arena. This new party which aims to breathe a breath of fresh air into Thai politics is led by 39-year-old business tycoon, Thanathorn Juangroongruangkit. Thanathorn is the executive vice president and director at Thai Summit Group, one of the largest auto parts manufacturers in Thailand.

21 March 2018
0

Does ASEAN really need robotics in the manufacturing workforce?

More companies are opting for robotic automation of their manufacturing processes to get ahead, as reported by McKinsey & Company in 2017. Mainly, two types of robots, collaborative robots and industrial robots, are permeating the manufacturing sector. Manufacturing has been a pivotal factor in ASEAN’s development story by attracting earnings in foreign currency and investments for infrastructure-building, and creating employment opportunities within the region.

9 March 2018
0

ASEAN gets renewable energy boost from ADB

Last week, the Asian Development Bank (ADB) signed a loan of US$235 million for B.Grimm Power Public Company Limited, also known as B.Grimm Power, one of the largest power producers in Thailand.

1 March 2018
0

Thailand’s digital park targets tech businesses wanting to relocate to Southeast Asia

In 2017, the Thai government launched Digital Park Thailand which is set to become a premier destination for digital business leaders, innovators and disruptors. The park is anticipated to serve as an “incubator” for digital businesses in the Southeast Asian region.Digital Park Thailand strategically spans an area of over 113 hectares in the Chonburi province which is also part of Thailand’s Eastern Economic Corridor (EEC).

27 February 2018
0

Thailand’s democracy hangs in the balance

At the end of January 2017, Thailand’s military junta announced that general elections could be delayed until early 2019. The announcement sparked anger from the public as protests occurred within days of the announcement. Ever since then there has been various protests held by activists against the military junta urging them to keep their promise of holding general elections in November 2018.Under the current military junta, public gatherings of more than four people are prohibited.

24 February 2018
0

Fintech sandboxes in Southeast Asia

In the not so distant future, cross border transfer of money can be done with a few taps on your smartphone. Cash stored in virtual wallets and accessible via a secure smartphone application would make physical currency obsolete, while paving the way for digital cryptocurrencies. Such advancements fall under the wider web of financial technology or fintech for short.The fintech sector in Southeast Asia is currently facing a boom.

22 February 2018
0

Thailand’s electric vehicle dreams

The adoption of electric vehicles (EV) by Southeast Asian policymakers has rapidly accelerated over the past few months. There is now a race between the bigger players in the region such as Thailand, Malaysia, Singapore and Indonesia to become a regional hub to deploy and manufacture electric vehicles.Currently, there are four types of EVs globally.

19 February 2018
0

Thailand’s EEC on track to support next wave of industrialisation

The recent approval of Thailand’s new Eastern Economic Corridor (EEC) bill is a step forward by Thailand's military government to rapidly industrialise the nation, but it should also consider the risks involved in doing so too quickly. The EEC refers to the economic zone in Thailand that comprises of the three eastern provinces of Chachoengsao, Chonburi and Rayong, spanning a total distance of 13,285 square kilometres.

12 February 2018
0

The boom in intra-ASEAN health tourism

Health and medical tourism is becoming more prominent and is seen as a growing trend worldwide, according to Global Wellness Institute, a non-profit organisation for the wellness industry.

1 February 2018
0

Enhancing the tourism industry in ASEAN

The unique and diverse range of recreational activities and travel options in this region has made Southeast Asia a top choice for tourists. According to the World Tourism and Travel Council (WTTC), the tourism sector directly contributed to a whopping US$119.7 billion in 2016 alone and is projected to reach US$222.8 billion in 2027, which makes up 5.3% of total GDP for the region.

30 January 2018
0