Toyota has set its sights on Cambodia as a key player in its global supply chain strategy, with the aim of transforming the Southeast Asian nation into a production hub for auto parts and electronic components. In a significant move, the Japanese automaker has announced plans to ramp up its investment in Cambodia, leveraging the […]
Toyota Expands Cambodian Operations with Plans to Assemble Over 1,300 Vehicles
In a significant development for Cambodia’s burgeoning automotive industry, Toyota has announced plans to assemble more than 1,300 vehicles at its Phnom Penh plant. This move is part of Toyota’s broader strategy to strengthen its foothold in Southeast Asia, taking advantage of Cambodia’s strategic location and lower production costs to meet the growing demand for […]
Thailand Eyes Self-Sufficiency with Industrial-Grade Ethanol Production Push
Thailand is on the brink of a significant economic shift, as the Federation of Thai Industries (FTI) calls for the liberalization of industrial-grade ethanol production. This strategic move aims to cut down on the hefty 4 billion baht annual import bill by tapping into the country’s abundant sugar cane and tapioca resources. Such a step […]
Thailand’s Rise as a Global Luxury Shopping Hub: From Regional Player to World-Class Destination
Thailand is quickly emerging as a leading luxury shopping destination, surpassing traditional hubs like Singapore and even rivaling markets like Hong Kong. Fueled by its young, affluent population, as well as global influences like K-pop and T-pop, Thailand’s luxury market is experiencing rapid growth. From Bangkok’s glittering malls to boutique experiences, the country is now […]
Thai Billionaires Take on 7-Eleven with Own Brands to Attract Local Shops
In a bold move to challenge the dominance of 7-Eleven, a group of Thai billionaires is launching their own brands aimed at winning over mom-and-pop shops across the country. This strategic initiative seeks to disrupt the stronghold of the global convenience store giant by offering products that resonate more closely with local tastes and preferences, […]
Thailand’s Cannabis Industry Set for Rapid Expansion
Thailand is on the verge of a significant economic shift with the rapid growth of its cannabis industry. The government has strategically positioned the country to become a leading player in this emerging market, aiming to attract considerable foreign investment and stimulate economic growth. By embracing the cannabis sector, Thailand hopes to capitalize on its […]
Thailand’s Automotive Market: A New Player Emerges
Bangkok—The landscape of Thailand’s automotive industry is undergoing a significant transformation. Long dominated by Japanese manufacturers, the market is now seeing the rise of Chinese electric vehicle (EV) makers, challenging the established order. Siam Motors, a cornerstone of Thailand’s economic growth since its partnership with Nissan in 1962, exemplifies this shift. The company’s Vice President, […]
China-Led EV Boom in Thailand Challenges Japan’s Market Dominance
In a dramatic shift within the automotive industry, Thailand is witnessing a surge of Chinese investment in electric vehicles (EVs), threatening Japan’s long-standing dominance. Since 2020, Chinese automakers have invested $1.44 billion, reshaping Thailand’s auto landscape with a focus on EVs. Siam Motors, historically allied with Japan’s Nissan Motors, is now exploring partnerships with Chinese […]
Sojitz Corporation Enters Cambodia’s Compound Feed Market
In a significant development for Cambodia’s agricultural sector, Japan’s Sojitz Corporation has officially entered the country’s compound feed market. This move is part of a broader strategy by Sojitz to expand its footprint in Southeast Asia, with Cambodia viewed as a key emerging market for livestock feed. Sojitz’s decision to invest in Cambodia reflects the […]
Comparing Business Costs: Cambodia vs. China
Phnom Penh—As global companies look to diversify their operations, Cambodia is emerging as a competitive alternative to China, offering significantly lower costs for businesses seeking to invest in Southeast Asia. According to recent analysis, Cambodia presents a favorable business environment with cheaper labor and more relaxed regulations compared to its northern neighbor, China. Labor costs […]