BOI approves 209.5 billion baht (US 6.2 billion) of projects, raises incentives for EV battery makers

So far, a total of 16 projects, with a combined investment value of 4.82 billion baht, by 10 different companies, have been granted promotion benefits for investments in the manufacture of EV batteries

Thailand shelves 300-baht tourism fee

Tourism and Sports Minister Phiphat Ratchakitprakarn announced that the ministry has decided to withdraw the proposal to implement a tourism fee in order to conduct additional research on the matter

Parts Shortages hit Thai auto manufacturing, sales and exports

Production, local sales, and export of cars and motorcycles decreased by 31.79% in April compared to March, due to a shortage of parts that caused manufacturers to delay production.

SET welcomes beverage manufacturer “PLUS” on May 20

The Stock Exchange of Thailand (SET) will list Royal Plus pcl, a manufacturer and distributor of coconut juice, coconut milk, fruit juice and other beverages

U.S.-ASEAN Special Summit kicks off in Washington without Myanmar

The United States followed ASEAN’s lead in refusing to invite coup leader Min Aung Hlaing but offering a spot to a “non-political representative” of Myanmar—an offer the junta has consistently refused.

Thailand Cuts 2022 GDP Outlook to 3.5% Over Russia-Ukraine War

The tourism-dependent country is on track to receive 6.1 million foreign visitors this year, but below the 7 million projected earlier due partly to the impact of China’s travel restrictions and the Ukraine conflict on Russian tourist numbers.

What ASEAN takes to Washington

Biden has made a point of stressing ASEAN centrality, and for the attending ASEAN leaders this is a chance to set out regional priorities to a superpower whose influence, if receding, is still substantial.