How China took over the Southeast Asia EV market
Thailand Business News
by Juan Allan
2d ago
In 2023, there was a notable 894% year-on-year increase in electric vehicle (EV) demand in South-East Asia. Chinese companies have entered this growing market in recent years and quickly become its dominant force. This article was originally published here: How China took over the Southeast Asia EV market ..read more
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BYD Thailand under investigation following aggressive price cuts on EV
Thailand Business News
by Li Zhong
1w ago
BYD, the best-selling EV brand in Thailand, is facing investigation over drastic price cuts on its electric cars, leading to consumer backlash and complaints. This article was originally published here: BYD Thailand under investigation following aggressive price cuts on EV ..read more
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Thailand’s Foreign Investment Hits 71.7 Billion Baht in Early 2024
Thailand Business News
by Juan Allan
2w ago
The Ministry of Commerce has reported that foreign investment in Thailand has exceeded 70 billion baht (1.9 billion USD) in the first five months of this year, marking a 58 percent increase. Japan continues to be the leading investor in the country. This article was originally published here: Thailand’s Foreign Investment Hits 71.7 Billion Baht in Early 2024 ..read more
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Thai industries face challenges from Chinese competition and minimum wage increase
Thailand Business News
by Juan Allan
1M ago
The impact of technological changes, fierce competition from China, and trade tensions could further strain the Thai manufacturing sector, necessitating strategic interventions for sustainable recovery. This article was originally published here: Thai industries face challenges from Chinese competition and minimum wage increase ..read more
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Thailand’s e-commerce market is expected to grow by 13.7% in 2024
Thailand Business News
by Abhishek Prakash
1M ago
According to GlobalData's 2023 Financial Services Consumer Survey, more than 92% of Thai consumers have made online purchases in the last six months, with only 4% indicating that they have never shopped online. This article was originally published here: Thailand’s e-commerce market is expected to grow by 13.7% in 2024 ..read more
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Financing in Crypto and Traditional Asian Markets: A Comparative Overview
Thailand Business News
by Juan Allan
1M ago
The landscape of financing in both crypto and traditional Asian markets has undergone significant transformations, reflecting the dynamic nature of economic growth and technological advancements in the region.  This article was originally published here: Financing in Crypto and Traditional Asian Markets: A Comparative Overview ..read more
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Is Thailand Now the Ailing Nation within Asean?
Thailand Business News
by Headline Editor
1M ago
Thailand's prolonged political instability and poor economic management have resulted in decades of sluggish growth, compounded by budget allocation issues, low investments, and declining revenues in the private sector. This article was originally published here: Is Thailand Now the Ailing Nation within Asean ..read more
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Foreign investors wary of investing due to ongoing trial involving Prime Minister
Thailand Business News
by Headline Editor
1M ago
Trial of the PM makes foreign investors hesitant to invest in Thailand due to political instability. This article was originally published here: Foreign investors wary of investing due to ongoing trial involving Prime Minister ..read more
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Thailand, a key link in the ‘China + One’ strategy for EV automakers
Thailand Business News
by Olivier Languepin
2M ago
The "China Plus One" supply chain strategy is gaining momentum across industries due to geopolitical uncertainty and the ongoing U.S.-China trade dispute. This article was originally published here: Thailand, a key link in the ‘China + One’ strategy for EV automakers ..read more
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Thailand Strengthens EV Support Program to Promote Battery Innovation
Thailand Business News
by ASEAN Briefing
3M ago
The EV Board approved measures to promote investment in battery cell production and energy storage systems, attracting leading battery manufacturers to invest in Thailand. This article was originally published here: Thailand Strengthens EV Support Program to Promote Battery Innovation ..read more
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