Category: Economic Trends

The Rise of Vending Machines in Thailand: Convenience Meets Consumer Demand

In recent years, Thailand has witnessed a significant shift in consumer purchasing behaviors, with vending machines emerging as a preferred retail channel. A survey conducted by Market Buzzz between October 2 and November 7, 2024, encompassing 977 Thai consumers nationwide, reveals that 58% are more inclined to purchase goods from vending machines. Key Findings from […]

Philippines Embarks on Ambitious Solar Energy Project

In a significant stride towards sustainable energy, the Philippines has launched the Meralco Terra (MTerra) Solar Project, set to become the world’s largest solar and battery energy storage system (BESS). This initiative marks a pivotal moment in the nation’s energy sector, aiming to substantially increase the share of renewables in the energy mix. Project Overview […]

Vietnam’s Rising Role in Chip Manufacturing: A New Hub for Global Innovation

Vietnam is rapidly establishing itself as a formidable player in the global chip manufacturing industry. In a landscape dominated by established giants, Vietnam has emerged as a reliable alternative for manufacturers looking to diversify and expand their operations. The country’s appeal lies in its strategic position, competitive labor costs, and government support for high-tech investment—all […]

Agri-Food Tech Expo Asia 2024: Pioneering Innovation for a Sustainable Agri-Food Future in Asia

Singapore—Agri-Food Tech Expo Asia 2024, set to take place in Singapore, is set to be a pivotal event shaping the future of agriculture and food production across the region. Industry leaders, policymakers, and tech innovators are expected to converge at this landmark event, underscoring Asia’s commitment to advancing the agri-food sector through cutting-edge technology and […]

Thai Stock Market to Remain in Range as Investors Eye Global Economic Trends

The Thai stock market is expected to continue trading within a narrow range, as uncertainty over global economic conditions weighs heavily on investor sentiment. Analysts are forecasting a steady week for Thai equities, with no significant moves in either direction, as market participants remain cautious in the face of external pressures and internal economic challenges. […]

TOPTHAI Expands into Middle East with UAE Partnership, Aims to Boost E-Commerce

TOPTHAI, Thailand’s cross-border online shop for local products, is poised to expand into the Middle Eastern market through a strategic partnership with Letstango.com, an e-commerce platform based in the United Arab Emirates (UAE). The collaboration was formalized during the International Live Commerce Expo 2024 in Bangkok, where a Memorandum of Understanding (MoU) was signed between […]

Thai Government Mulls Legalizing Casino Gambling to Address Widening Budget Deficit

As Thailand faces a growing budget deficit and increasing economic challenges, the government is weighing the possibility of legalizing casino gambling as a means of boosting state revenue. The idea, long a subject of debate in the kingdom, has gained new momentum in recent months as officials grapple with fiscal shortfalls exacerbated by the pandemic […]

Vietnam Offers CIT Incentives to Boost Software and High-Tech Industries

Vietnam has introduced a range of corporate income tax (CIT) incentives aimed at fostering growth in the software production and high-tech industries, as part of its broader strategy to become a regional hub for technology and innovation. These incentives are designed to attract foreign investment and stimulate local development, positioning Vietnam as a competitive destination […]

Big Firms Betting Big on Vietnam’s Logistics Potential

HANOI—Vietnam’s logistics industry is witnessing a surge in foreign investment, positioning the country as one of the most attractive logistics hubs in Southeast Asia. Global logistics giants like FESCO Transportation Group and Alibaba have made significant investments, tapping into Vietnam’s growing role in cross-border trade. In August 2024, Russia’s FESCO launched a regular shipping line […]

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