Thailand Launches Tax Incentives for Biodegradable Plastic

Thailand Launches Tax Incentives for Biodegradable Plastic

The Ministries of Industry and Finance have joined forces to launch a new program of tax incentives designed to encourage businesses to reduce their use of non-biodegradable plastics and cut down on plastic waste. The tax reduction amounts to around 25% of what...
Bank of Thailand Set to Allow Virtual Banks

Bank of Thailand Set to Allow Virtual Banks

The Bank of Thailand (BOT) recently issued a Consultation Paper on Virtual Bank Licensing Framework to introduce virtual banks as new financial service providers. The BOT expects that virtual banks would operate in a sustainable manner to ensure responsible...
Thai Startup HD Brings the Sharing Economy Model to Healthcare Sector

Thai Startup HD Brings the Sharing Economy Model to Healthcare Sector

Thai startup HD is making the headlines for applying the sharing economy model in Southeast Asia’s healthcare sector. The startup offers a platform that helps three parties meet: surgeons with private practice, patients looking to have their surgeries done more...
Thailand Inaugurates First Digital Free Trade Hub

Thailand Inaugurates First Digital Free Trade Hub

Thailand has inaugurated its first digital free trade hub as part of a collaboration with Alibaba aimed at enhancing the logistics and e-commerce sectors. The hub is a free trade area located in Thailand’s Eastern Economic Corridor (EEC) and is meant to facilitate...
Ericsson & DEPA Drive 5G Digital Transformation in Thailand

Ericsson & DEPA Drive 5G Digital Transformation in Thailand

Swedish multinational networking and telecommunications company Ericsson and the Digital Economy Promotion Agency (DEPA) of Thailand recently signed a Memorandum of Understanding (MoU) to collaborate toward driving 5G-based digital transformation in Thailand. The...
Two Major Airport Expansions Planned in Thailand

Two Major Airport Expansions Planned in Thailand

It has been recently announced that in 2023 the government of Thailand will launch tenders for the expansion of the country’s two biggest airports, Suvarnabhumi International and Don Mueang International, both of which serve Bangkok. The expansions aim to meet an...
Foxconn Kicks Off Building of EV Factory in Thailand

Foxconn Kicks Off Building of EV Factory in Thailand

Taiwanese contract manufacturer Foxconn has just commenced the construction of an electric vehicle (EV) plant in Thailand. The project, part of Foxconn’s  joint venture with Thai energy company PTT, is expected to start operations in 2024 and will have an...
French Company Chooses Thailand for its Second Biobased Organic Acids Plant

Thailand and Saudi Arabia to Collaborate on Green Energy

Thailand and Saudi Arabia have recently signed several agreements to cooperate in sectors including energy and tourism as the two nations restore full diplomatic ties. Specifically, the parties signed an energy cooperation agreement, which includes a memorandum of...