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The Latest Breaking News from Asean

Prime Minister Anutin Charnvirakul has unveiled a plan to position Thailand as Asean's hub for advanced chip manufacturing, with the goal of producing "Made in Thailand" semiconductors by 2050.

Bangkok Post

PM vows to ramp up Hanoi ties

HANOI: Prime Minister Anutin Charnvirakul on Monday pledged to strengthen economic ties with Vietnam and support Thai investors operating there, saying closer cooperation between the two countries would help drive growth across Asean.

Bangkok Post

Thailand rises in World Happiness rankings

Thailand rose nine places to be 49th in the World Happiness Report rankings for 2024 - and the third-happiest in Asean.

Bangkok Post

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Thailand ranked 'very low' in English proficiency

Thailand has been ranked 8th, or "very low", among Asean countries and 101st worldwide in the English Proficiency Index 2023.

Bangkok Post

Thai banks top Asean bad debt rankings

Thailand's top three banks have combined non-performing loans (NPLs) of more than US$9.6 billion, the highest in Southeast Asia, but Thai banks overall still have a high level of reserves for bad debts, says the Federation of Thai Capital Market Organizations (Fetco).

Bangkok Post

Empowering MSMEs to embrace circular economy

Mark Sultan Gersava was a peace development worker from Mindanao, the Philippines, who decided to act on what he saw as a critical challenge: transforming his ordinary products to become environmentally friendly to help mitigate the effect of climate change while empowering his local community with sustainable and long-term livelihoods.

Bangkok Post

Firms to rally amid economic revival

The performance of Thai corporations should gradually improve this year as the domestic economy recovers and inflationary pressures ease, according to analysts at Fitch Ratings' 2023 Thailand Corporate Credit Outlook & Asean ESG conference in Bangkok recently.

Bangkok Post

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Inflation tepid in May as food prices decrease

Inflation in Thailand is expected to increase by only 0.5% year-on-year in May, the lowest in Asean, because of a decline in the prices of fresh food such as pork and chicken, says Commerce Minister Jurin Laksanawisit.

Bangkok Post

Leaders highlight regional economic 'strategy for change'

The C Asean Forum 2023 was held in Bangkok under the theme: "Master Plan on Asean Connectivity: Strategy for Change". The May 17 event was attended onsite and virtually by delegates from across the world.

Bangkok Post

YSS expands operations

Thai shock absorber manufacturer YSS has opened a 400 million baht distribution and service centre which will serve as a blueprint for its aggressive network expansion strategy into future Bangkok areas and provincial markets as well as the Asean region and other global markets.

Bangkok Post

Uni rolls out novel treatment

Mahidol University has introduced Chimeric antigen receptor (CAR) modified T-cell therapy to treat B-cell leukaemia, making Thailand the first in the Asean to adopt this cutting-edge technique.

Bangkok Post

Social work symposium in Bangkok

In celebration of Social Work Month and World Social Work Day 2023, the Asean Training Centre for Social Work and Social Welfare is holding an international symposium on the theme "Human Security Is Global Security", at Novotel Bangkok Platinum Pratunam, Phetchaburi Road on Friday from 8.30am to 4.30pm.

Bangkok Post

New science 'caravan' gets its educational show on the road

The National Science Museum of Thailand (NSM) has kicked off what it is calling a science caravan, an activity aimed at fostering interest in science and technology among school students in Asean countries, starting with Laos.

Bangkok Post

BBLAM now bullish on Asean, China

BBL Asset Management (BBLAM) is overweighting its investment in Chinese and Asean stocks this year as the prospects for economic recovery are higher in Asia than in the West.

Bangkok Post

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Bangkok Post

Cisco warns of risks posed by hybrid work

Global networking giant Cisco Systems says security for hybrid work is among its top business priorities in Asean and Thailand as businesses are paying more attention to the issue.

Bangkok Post

Economists slice growth outlook for Asean+3

China's reopening should provide a timely boost to the Asean+3 region as the area's economic growth was downgraded because of continuing weakness in China, Japan and South Korea, according to economists.

Bangkok Post

Amazon unveils cloud trends for 2023

Industry use cases, simulation and machine learning are among the trends associated with the rise of cloud computing usage in 2023, according to Amazon Web Services (AWS), the cloud service arm of tech giant Amazon.

Bangkok Post

Asean ready to take on market volatility

Major Asean economies should be able to survive volatile market swings in 2023 following similar turmoil last year thanks to the region's strong fundamentals, says Singapore-based United Overseas Bank (UOB).

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Bangkok Post

Suphachai targets 20,000 tech startups

Thailand should have 20,000 tech startups and 3.9 million workers capable of coding in order to propel the country to become a tech hub in Asean, says the Digital Council of Thailand (DCT).

Bangkok Post

Firms to see major changes in IT, digital expenditure

IT spending in Asean, South Korea, Australia and New Zealand is expected to drop by 1-3% in 2023 despite immense economic challenges as enterprises shift to digital business to grow their revenue, according to International Data Corporation (IDC), a global tech market research firm.

Bangkok Post

Nation can be hyperscale data centre base

Thailand can be at the forefront of the hyperscale data centre sector in Asean after global tech giants Google and Amazon Web Services (AWS) announced plans to set up cloud infrastructure hubs in the country, according to Vertiv, a global provider of equipment and services for data centres.

Bangkok Post

Internet economy set to generate $35bn in 2022

Thailand's internet economy is expected to rise 17% year-on-year to US$35 billion in gross merchandise value (GMV) in 2022, driven by e-commerce, eventually reaching $53 billion in 2025, according to the "e-Conomy SEA 2022" report by Google, Temasek and Bain & Company.

Bangkok Post

SCG adopts 3-pronged outlook for future

SET-listed Siam Cement Group (SCG), Thailand's largest cement maker and industrial conglomerate, is bracing for an economic slowdown by focusing on three key businesses and partnering with JWD InfoLogistics Plc to expand its logistics market in Asean.

Bangkok Post

Cargill Meats to expand Thai chicken production

Cargill Meats (Thailand), the subsidiary of the US agricultural and food ingredient producer Cargill Group, is ramping up its ready-to-cook products and using Thailand as a production hub to export to the Asean market.

Bangkok Post

Innovest X rebrands with emphasis on Asean

Innovest X Securities Co Ltd, an investment platform under SCB X, says it aims to become a top-five operator in Asean in terms of valuation within three years, while also expanding its customer base to up to 5 million.

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