Japanese automakers to invest 4.3 bln USD in Thailand

The Thai Government announced on December 25 that four major Japanese automakers will invest 150 billion THB (4.34 billion USD) in Thailand over the next five years.

They are Toyota Motor Corp., Honda Motor Co., Isuzu Motors Ltd. and Mitsubishi Motors Corp.

Japanese automakers to invest 4.3 bln USD in Thailand -0
A Toyota EV at an exhibition in Bangkok (Photo: CNA) 

According to the government’s spokesperson, Toyota Motor and Honda Motor will invest 50 billion THB each, while Isuzu Motors will pour 30 billion THB and Mitsubishi Motors 20 billion THB, adding this would include the production of electric pickup trucks in the next 2-3 years.

The announcement was made following discussions between Thai Prime Minister Srettha Thavisin and several Japanese automakers during his visit to the country this month, during which he discussed tax incentives aimed at supporting electric car manufacturers in Thailand./.

VNA

World

Philippines intensifies crackdown on illegal gamers
World

Philippines intensifies crackdown on illegal gamers

Philippine President Ferdinand Romualdez Marcos on December 12 ordered the police and law enforcement agencies to intensify the crackdown on illegal gaming and cyber cam hubs that continue to operate despite the ban, which will take effect by the end of December, the Presidential Communications Office (PCO) said.

Malaysia eyes to become global medtech hub
World

Malaysia eyes to become global medtech hub

Malaysia is on track to become a global medical technology (medtech) hub with its strong policies in attracting and executing the right investments, including the New Industrial Master Plan 2030 (NIMP 2030), said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

Southeast Asia poised to become global AI hub
World

Southeast Asia poised to become global AI hub

In the first half of 2024, Southeast Asia (SEA) attracted over 30 billion USD in artificial intelligence (AI) infrastructure investments, according to the 2024 e-Conomy SEA Report from Google, Temasek, and Bain & Company.

Trends drive job openings in Thailand
World

Trends drive job openings in Thailand

Thailand reported 414,000 unemployed people in the third quarter this year, up from 401,000 year-on-year, according to the National Economic and Social Development Council (NESDC).