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Thailand's Board of Investment (BOI) has reported a 35% increase in investment promotion applications, reaching $12.8 billion in target sectors. Foreign Direct Investment (FDI) has also grown by 16%, attracting headquarters of multinational companies.
Indonesia launches a "golden visa" program to attract business investment and high-skilled professionals by offering longer-term residence permits in return for significant investments or deposits.
The Cabinet's recent decision to extend property leaseholds for foreigners from 30 years to 99 years and increase the foreign ownership ratio in condominium projects from 49% to 75% is expected to attract foreign investors and alleviate the current market slump.
The SEC has recently amended regulations for digital asset business operators, which will come into effect on July 16, 2024. These amendments include requirements for maintaining custody records of client funds and assets, as well as documenting fund management activities.
The Thailand plant, completed in just 16 months, has an annual capacity of 150,000 vehicles and is expected to generate 10,000 jobs, signifying BYD's commitment to driving the development of the new energy vehicle industry in Thailand and across ASEAN.
The "Amazing Thailand Passion Ambassador" initiative, a collaboration between TAT, TikTok, and Klook, encourages tourists and content creators to share travel videos on TikTok. Participants have the chance to win prizes, with the goal of boosting tourism and the Thai economy.
The Southeast Asia region is renowned for having one of the largest cryptocurrency industries globally, marked by substantial trading volumes across a variety of digital assets. One such asset is Bitcoin Gold, which, despite its name, is unrelated to the actual metal.
Thailand's SET Index dropped by 0.58% due to mixed bank earnings and concerns over power plant stocks. Meanwhile, China's leadership is concentrating on technological progress. Additionally, a Microsoft outage has disrupted airlines and various businesses.
Southeast Asia is leading the visa trend with its affordable cost of living, strong infrastructure, and increasing digital nomad communities, making it an ideal destination for remote workers. Thailand, Malaysia, Indonesia, and Vietnam are at the forefront, and other countries are also considering similar programs.
Thai AirAsia at Don Mueang reported that a Microsoft Azure cloud system failure disrupted ground service operating systems. Airports of Thailand advised passengers on Facebook to allow an extra four hours for check-in on Friday afternoon.
The Thailand Travel Mart Plus (TTM+) 2024 event in Khao Lak was a success, generating 4,428.98 million Baht and facilitating 14,792 business appointments. The event focused on sustainability, with initiatives to reduce greenhouse gas emissions and enhance waste management.
Thailand's projected growth rate of 2.6% suggests that the country's economy is expected to expand at a moderate pace, which is lower than the growth rates of most other countries in the region, except for Singapore.
Thailand's cabinet has approved a 100-billion-baht (US$2.8 billion) soft loan scheme aimed at helping smaller businesses obtain loans. The funds will be lent to commercial banks, which will then offer loans to borrowers at below-market rates.
The Tourism Authority of Thailand (TAT) has initiated the "Amazing Thailand Grand Tourism Year 2025," aiming for a 7.5% increase in tourism revenue. The campaign will highlight "Thai Charms" and "Hidden Gem Cities," with an emphasis on diverse markets, domestic travel, and sustainable tourism practices.
At the end of May 2024, all Thailand ESG Funds have the collective NAV of 6,844 million baht. Of this, the investment value of EA shares totaled 24 million baht, accounting for 0.35 percent of the total NAV of all Thailand ESG Funds.
Thailand will host the sixth Bimstec Summit in Bangkok on September 4, led by Foreign Affairs Minister Maris Sangiampongsa. Bimstec includes Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
Thailand's SET Index dropped due to a selloff in bank stocks, driven by concerns over EA's debt situation. Despite this, there are still hopes for potential Fed rate cuts. China's Q2 2024 economic growth fell short of expectations, growing by 4.7% instead of the anticipated 5.1%.