# Thailand Business News Thailand Business News is a comprehensive news service about Thailand with a business and financial perspective edited in Bangkok by Siam News Network - Site: https://www.thailand-business-news.com/ ## What Would an ASEAN-Canada Free Trade Agreement Mean for Foreign Investors? - Link: https://www.thailand-business-news.com/asean/331504-what-would-an-asean-canada-free-trade-agreement-mean-for-foreign-investors - Published: 2026-10-06T09:20:27+07:00 - Author: ASEAN Briefing The proposed ASEAN-Canada Free Trade Agreement (ACAFTA) could reduce trade barriers between Canada and Southeast Asia while creating new opportunities for companies using ASEAN as a manufacturing, sourcing, services, or regional investment base. Canada-ASEAN bilateral merchandise trade reached C$52.5 billion (US$38 billion) in 2025, up 23.6 percent from C$42.4 billion (US$31 billion) in 2024. ASEAN’s member states collectively represented Canada’s fifth-largest merchandise trading partner. From ASEAN’s perspective, Canada ranked as its 16th-largest trading partner and 10th-largest source of foreign direct investment in 2025. ASEAN now comprises 11 member states following [**Timor-Leste’s admission in October 2025**](https://www.aseanbriefing.com/news/timor-leste-joins-asean-a-new-frontier-for-strategic-investors/). ## Where ASEAN-Canada trade and investment stand today Manufacturing in ASEAN frequently involves regional production networks. A product assembled in Vietnam, for instance, may contain inputs from Malaysia, Thailand, or Indonesia. Whether those inputs count toward the product’s originating status could determine whether it qualifies for preferential tariffs when exported to Canada. Canada’s negotiating objectives specifically seek rules allowing the cumulation of materials and production and recognizing existing regional production patterns. If reflected in the final agreement, these provisions could give manufacturers greater flexibility to divide qualifying production and sourcing among ASEAN countries rather than concentrating activities in one jurisdiction solely to obtain tariff preferences. --- | This article was first published by _[ASEAN Briefing](https://www.aseanbriefing.com) _, which is produced by [Dezan Shira & Associates](https://www.dezshira.com/). The firm assists foreign investors throughout Asia from offices [across the world](https://www.dezshira.com/office), including in in [China](https://www.dezshira.com/office/china), [Hong Kong](https://www.dezshira.com/office/hong-kong.html), [Vietnam](https://www.dezshira.com/office/vietnam), [Singapore](https://www.dezshira.com/office/singapore.html), and [India](https://www.dezshira.com/office/india) . Readers may write to [info@dezshira.com](https://www.thailand-business-news.com/asean/info@dezshira.com) for more support. | --- **Read the original article :** [What Would an ASEAN-Canada Free Trade Agreement Mean for Foreign Investors? ](https://www.aseanbriefing.com/news/what-would-an-asean-canada-free-trade-agreement-mean-for-foreign-investors/?rand=93901) ## Thailand’s Floods Expose Severe Vulnerabilities in Its Automotive Supply Chain - Link: https://www.thailand-business-news.com/business/332669-floods-in-thailand-highlight-the-vulnerability-of-the-countrys-automotive-supply-chain - Published: 2026-10-06T09:07:00+07:00 - Author: J. Allan Recent flooding in Thailand forced Toyota and Honda to temporarily halt production at several plants after suppliers could not deliver components and employees could not reach facilities. The disruption, affecting Bangkok and 14 provinces, caused estimated automotive supply-chain losses exceeding 1 billion baht and exposed the fragility of the country’s just-in-time manufacturing model. The article argues Thailand’s automotive competitiveness depends on treating climate resilience as industrial policy rather than an afterthought. It recommends diversifying suppliers, strengthening infrastructure, and building redundancy into logistics networks, particularly as Thailand seeks investment in electric vehicle manufacturing requiring more complex supply chains. ## Key Points * Toyota and Honda temporarily suspended production at several Thai assembly plants after flooding prevented suppliers from delivering components and employees from reaching workplaces. * The disruption exposed the vulnerability of Thailand’s just-in-time automotive model, where a local transport failure can stop production across globally connected manufacturing networks. * Thailand’s long-term competitiveness will depend on diversifying suppliers, strengthening logistics infrastructure and treating climate resilience as an industrial policy priority. Thailand has spent decades building one of Southeast Asia’s most important automotive manufacturing bases. Japanese carmakers, international suppliers and a dense network of industrial estates turned the country into a regional production hub, supported by efficient logistics and tightly coordinated supply chains. But the latest floods have exposed the limits of that success. Toyota and Honda temporarily suspended production at their Thai assembly plants after heavy rainfall flooded transport routes and prevented suppliers from delivering components, as reported by Reuters. Toyota halted operations at its Samrong plant in Samut Prakan, its Ban Pho and Gateway plants in Chachoengsao, and a facility operated by Toyota Auto Works. Honda suspended production at its Prachin Buri and Ayutthaya plants from October 2 to 6. The disruption was described as temporary. Toyota is assessing conditions with suppliers and preparing alternative transport routes, while Honda expects to resume normal production on October 7 and plans to add overtime shifts to recover lost output. That response may limit the immediate damage. But it should not obscure the larger lesson: Thailand’s automotive industry is less resilient than its production volumes suggest. ### A just-in-time system exposed The automotive sector has long depended on just-in-time manufacturing. Components arrive at assembly plants shortly before they are needed, reducing inventory costs and allowing manufacturers to operate efficiently. The system works exceptionally well when transport networks operate normally. It becomes fragile when roads are flooded, suppliers lose electricity, employees cannot travel or warehouses are forced to close. Honda said its production halt resulted from suppliers being unable to deliver parts after flooding in Chonburi and Rayong. Toyota also reported shortages after components failed to arrive on schedule. This is not evidence that just-in-time manufacturing is inherently flawed. It is evidence that efficiency and resilience are different objectives. A system designed to minimise inventory may perform better during normal conditions, but it has less capacity to absorb sudden interruptions. The latest floods affected more than individual factories. They disrupted the connections between industrial provinces, suppliers, assembly plants, airports and workers. Thailand’s automotive strength rests on those connections, but it also depends on them continuing to function without interruption. That assumption is becoming harder to justify. ### The risk extends beyond carmakers The Federation of Thai Industries estimated that flooding between September 24 and 30 affected Bangkok and 14 other provinces. Around 40% of FTI member businesses in affected areas reported an impact, while losses to the automotive supply chain and related industries were estimated at no less than 1.018 billion baht. The figure includes direct damage to machinery, electrical systems, raw materials, components and vehicles, as well as indirect losses from production stoppages, worker absences and missed business opportunities. Those indirect losses are particularly important. A supplier does not need to suffer major physical damage to disrupt an assembly plant. It may be unable to operate because employees cannot reach the factory, a road is impassable, a logistics contractor has suspended services or a power connection is unstable. The vulnerability is therefore systemic. A carmaker may have flood barriers, emergency plans and alternative routes, but the weakest supplier in the network can still stop production. This matters for Thailand’s reputation as an automotive hub. Investors do not assess industrial competitiveness only by labour costs, tax incentives or factory capacity. They also examine whether the supply chain can continue operating during a crisis. ### Climate risk is now industrial risk Thailand’s automotive industry is not facing an isolated weather event. Bangkok received more than 320 millimetres of rain over three days, an amount close to what the city would normally receive during an entire September. Authorities have also warned of further heavy rain in the north and northeast from October 5 to 8. It would be a mistake to treat every major flood as an unforeseeable exception. Climate risk is becoming a recurring business variable, and industrial policy must reflect that reality. Factories, warehouses and supplier networks need to be assessed not only for their normal productivity but also for their ability to operate under stress. That means better flood mapping, stronger drainage, raised electrical systems, protected access roads and contingency plans that include smaller suppliers. The responsibility cannot rest entirely with carmakers. Provincial and national authorities control much of the infrastructure on which factories depend. Roads, canals, industrial estates, ports and airports form one economic system, even when different agencies manage them. A resilient factory surrounded by vulnerable roads is not resilient. A well-protected assembly line cannot operate if parts remain stranded in another province. ### Diversification must become practical Thailand does not need to abandon its automotive model. It needs to make it less dependent on concentrated routes, limited suppliers and uninterrupted deliveries. Carmakers and suppliers could diversify sourcing for critical components, maintain strategic inventories and establish alternative logistics corridors. Some measures would increase operating costs. But those costs should be compared with the price of repeated shutdowns, lost exports and reputational damage. The government can support this transition by improving infrastructure around industrial clusters and offering targeted incentives for resilience investments. Financial institutions can help suppliers upgrade facilities, install backup systems and insure equipment. Large manufacturers can share risk data and continuity standards with smaller companies rather than expecting each supplier to manage exposure independently. This is especially important as Thailand moves toward electric vehicles. The country is competing for a new generation of investment while traditional manufacturers restructure production. Electric vehicles bring opportunities, but they also depend on specialised components, electronics, batteries and more complex regional supply chains. A flood-related shutdown at this stage should be treated as a warning. Thailand is trying to attract more advanced manufacturing, but advanced manufacturing requires more than new factories. It requires reliable infrastructure, skilled workers, stable energy and supply chains capable of recovering quickly when disruption occurs. ### The next test is investor confidence Toyota and Honda are expected to resume production. That is encouraging, but recovery alone does not resolve the underlying weakness. The critical question for investors is not whether Thailand can restart a plant after a flood. It is whether the country can reduce the probability that the same supply-chain failure will happen again, and whether it can limit the damage when it does. Thailand’s automotive industry remains a major national asset. The latest disruption does not erase its advantages, including an established supplier base, experienced workers and regional manufacturing expertise. But those strengths will not be enough if climate-related interruptions become more frequent and more costly. The industry’s future will depend on whether resilience is treated as a competitive advantage rather than an emergency expense. For years, Thailand’s automotive model has been praised for its efficiency. The floods have shown that efficiency without redundancy can become fragility. The country’s next industrial strategy should not focus only on producing more vehicles at lower cost. It should ensure that suppliers, workers and logistics networks can continue functioning when the roads, rivers and weather no longer cooperate. Thailand can remain Southeast Asia’s automotive hub. But it will need to build a supply chain prepared not for the climate of the past, but for the disruptions already affecting its factories today. ## Thailand’s LTR visa program has reached 12,000 approvals over the past four years - Link: https://www.thailand-business-news.com/visa/332686-thailands-ltr-visa-program-has-reached-12000-approvals-over-the-past-four-years - Published: 2026-10-05T22:32:21+07:00 - Author: PR Desk Thailand’s Long-Term Resident (LTR) visa program has approved 12,010 high-potential foreigners since its September 2022 launch, generating an estimated USD 1.28 billion in economic value through fees, spending, investment, and tax revenue. The Board of Investment views the visa as essential for attracting global talent ahead of investment in advanced-technology industries like semiconductors, AI, and biotechnology. Top applicant countries include the United States, Japan, and the United Kingdom, with recipients spanning five categories including skilled professionals, remote workers, wealthy individuals, pensioners, and dependents. To streamline processing, the BOI launched an integrated digital portal in September 2026 connecting four government agencies, alongside a new one-stop service center at One Bangkok. These efforts complement other BOI initiatives, including the BOI Visa, Smart Visa, Skill Bridge, and Business Transformation measures, aimed at attracting international talent while developing local personnel and businesses for Thailand’s technology-driven economic transition. The Long-Term Resident (LTR) visa has attracted 12,010 high-potential foreigners to Thailand in four years, generating approximately USD 1.28 billion (THB 43 billion) in economic value, according to the Board of Investment (BOI). The visa is a key mechanism for attracting executives and highly skilled personnel for future industries while increasing purchasing power and stimulating domestic spending and economic activity. A new online system now links services from four government agencies in an integrated process. **Introduced in September 2022 to attract high-potential foreigners** to reside and conduct economic activities in Thailand, the LTR visa program has generated an average economic value of more than USD 107,000 (THB 3.6 million) per recipient, according to BOI data. The calculation covers visa fees, spending in Thailand by visa holders, direct investment, and tax revenue from highly skilled professionals. Amid intensifying global competition for highly skilled personnel, the **LTR visa is an important mechanism for bringing global talent into Thailand**. This is particularly relevant as the country prepares for a new wave of investment in advanced-technology industries, including semiconductors and advanced electronics, digital technology and AI, humanoid robotics, aviation, and biotechnology. “The LTR visa is a strategic pillar to attract global talent as Thailand absorbs a new wave of advanced technology investments,” said **Narit Therdsteerasukdi, Secretary General of the Board of Investment.** “Drawing top-tier executives and technical specialists from around the world is vital to strengthening our national competitiveness and securing technology transfers from international partners.” Approved LTR visa recipients primarily come from leading economies. **The United States accounts for the largest group, with more than 2,400 approvals**, followed by Japan with more than 1,300 and the United Kingdom with more than 1,000. Japanese nationals comprise a notable share of the specialist bracket, aligning with Japan’s heavy footprint in Thailand’s automotive and precision-electronics supply networks. **The 12,010 approved LTR visa recipients fall into five categories**: 1,779 Highly- Skilled Professionals; 1,043 Work-from-Thailand Professionals, who work from Thailand for overseas employers; 737 Wealthy Global Citizens; 4,561 Wealthy Pensioners; and 3,891 Dependents of recipients in the first four categories. Among recipients in the Highly-Skilled Professionals and Work-from-Thailand Professionals categories, 54% hold executive-level positions and 36% are professionals in various fields; the remainder are at the technical level. Applicants in each category must meet specific criteria, such as requirements relating to assets, income, investment evidence, work experience, and health insurance, and undergo rigorous checks by the relevant agencies. To handle rising application volumes and remove long-standing administrative bottlenecks, the BOI rolled out an integrated digital processing portal in September 2026. The platform centralizes review procedures across four primary state bodies: the Department of Consular Affairs, the Immigration Bureau, the Department of Employment, and the Revenue Department. Complementing the portal, the Thailand Investment and Expat Services Center (TIESC), a one-stop service center, is located on floors 6-7 of the Parade Zone at One Bangkok.“ The center is intended to strengthen Thailand’s competitiveness in continuously attracting high-potential talent from around the world,” said Mr. Narit. In addition to attracting foreign talent through the LTR visa, BOI also facilitates visas and work permits for executives and personnel working in BOI-promoted businesses through the BOI Visa, and offers the Smart Visa for startups. **BOI also supports the skills development of Thai personnel through the Skill Bridge measure**, and helps Thai entrepreneurs adopt modern technology to enhance their competitiveness through the Business Transformation measure. These measures work hand in hand to attract international experts, develop Thai personnel, and upgrade Thai businesses, strengthening Thailand’s readiness for the transition to a new economy driven by technology and innovation. ## The Changing Map of Growth: Why East Asia and the RCEP Are More Important Than Ever - Link: https://www.thailand-business-news.com/opinion/328474-the-changing-map-of-growth-why-east-asia-and-the-rcep-are-more-important-than-ever - Published: 2026-10-05T05:55:00+07:00 - Author: News Desk **The RCEP region, led by ASEAN+3, is becoming a significant global economic center. Key focuses include deepening regional integration, enhancing supply chains, managing risks, and driving global growth.** ### RCEP’s Growing Influence At the 1st RCEP Business and Investment Summit on September 9, 2026, AMRO Director/ CEO Yasuto Watanabe underscored the influential role of the Regional Comprehensive Economic Partnership (RCEP) within the global economic landscape.** Initially contributing just 20% to the global GDP in 1990, the RCEP region’s share ascended to 28% by 2025, rivalling North America **and outpacing the Eurozone. With 30% each of the world’s population and trade, RCEP, driven primarily by ASEAN+3 (comprising ASEAN, China, Japan, and Korea), has become a pivotal economic area. Representing 92% of RCEP’s GDP, ASEAN+3 is essential to understanding future trajectories. ### Regional Dynamics and Global Integration Watanabe highlighted the progression in ASEAN+3’s economic integration, marked by developing denser supply chains and emerging as a significant demand source. **Formerly known as “the world’s factory,” the region has transitioned into a dynamic market contributing to global demand, rising from 20% in 2000 to 27.5% by 2024**. Investment interconnectivity further strengthens regional ties, simultaneously enhancing skills and technology through capital flows. While global forces remain influential, regional factors now equally account for ASEAN+3’s economic variations. This intricate network of investment, trade, and demand underscores both opportunities and vulnerabilities within the region’s interdependencies. ### Balancing Integration with Resilience Addressing the inherent risks of intense specialization, Watanabe emphasized the need for a balanced approach to integration within RCEP. **The region’s move to higher-value supply chains has led to dependence on select partners, highlighting the hidden risks of concentration. **The solution is not reducing integration but enhancing it through broader, more diversified links, sound policies, and robust regional safety nets. Ensuring economic connections remain resilient amidst shocks is vital. If successful, ASEAN+3 will not only continue as a significant global growth driver but also serve as a robust anchor for the world economy, affirming its critical role and potential in shaping economic futures. Source: [The New Geography of Growth: Why East Asia and RCEP Matter More Than Ever – ASEAN+3 Macroeconomic Research Office ](https://www.amro-asia.org/the-new-geography-of-growth-why-east-asia-and-rcep-matter-more-than-ever) ## Thailand Business News — Morning Briefing - Link: https://www.thailand-business-news.com/news/332535-thailand-business-news-morning-briefing-3 - Published: 2026-10-05T05:08:00+07:00 - Author: News Desk ### Thailand & Asia | 5 October 2026 ## Thailand’s floods are hitting 1,315 businesses as renewed rain threatens to prolong the economic damage Thailand’s flood crisis is increasingly becoming a business-continuity problem rather than a short-lived disruption. The Ministry of Industry says **1,315 businesses across 40 provinces** have been affected, including 77 factories, 1,179 SMEs, two mining businesses and 57 community enterprises. Preliminary direct damage is estimated at **THB22.79 million**, although the wider economic cost is substantially larger once lost production, logistics and supply-chain disruption are included. Bangkok has recorded the largest number of affected businesses, followed by Samut Prakan and Prachin Buri. The disruption extends beyond premises directly inundated by water: workers are struggling to reach factories, raw materials are being delayed, transport networks remain vulnerable and companies face interruptions to production and deliveries. The Bank of Thailand estimates that the flooding could reduce GDP by **0.03%–0.1%**, although the central bank cautions that the final impact cannot yet be determined while water levels remain a concern. The estimate is materially smaller than some private-sector scenarios, underlining the uncertainty surrounding the duration of the disruption. That uncertainty has increased after the Thai Meteorological Department warned of** heavy to very heavy rain from October 4–7**, with Bangkok and the Central region facing heightened rainfall risk on October 5–6. The warning is significant because businesses and households are only beginning to recover from the previous inundation. Further rainfall could delay reopening and increase costs for already weakened SMEs. The government is therefore facing a difficult transition from emergency response to economic recovery. Support for affected SMEs, faster drainage and restoration of transport links will be important in limiting the second-round effects on employment, consumption and supply chains. For manufacturers, the episode is another reminder that climate resilience is becoming part of the competitiveness equation. **Key points** * **1,315 businesses in 40 provinces** have been affected, including 77 factories and 1,179 SMEs. * The Bank of Thailand estimates a potential **0.03%–0.1% GDP impact**, pending further assessment. * New forecasts warn of **heavy to very heavy rain from October 4–7**, with Bangkok particularly exposed on October 5–6. **Why it matters:** The immediate damage figures understate the economic risk because the biggest costs may come from lost production, delayed deliveries and weaker SME cash flow. Another round of heavy rain would increase the probability that the flood becomes a fourth-quarter growth problem rather than a temporary disruption. **Thailand Business News:** [Bangkok floods threaten to shave 0.3 percentage points from Thailand’s 2026 growth](https://www.thailand-business-news.com/environment/331475-bangkok-floods-threaten-to-shave-0-3-percentage-points-from-thailands-2026-growth?utm_source=chatgpt.com) --- ## Thailand’s air-export supply chain remains under pressure as Thai Airways cargo suspension enters its second week Thailand’s temporary suspension of Thai Airways cargo acceptance at Suvarnabhumi Airport is creating a growing risk for exporters, particularly businesses shipping electronics, components, food and other time-sensitive goods. The suspension, originally announced from September 30 through October 6, has affected not only Thai Airways but also businesses and airlines dependent on its cargo facilities. The economic exposure is unusually large because air freight represents a high-value segment of Thailand’s trade. Air exports reached approximately **THB2.42 trillion during the first seven months of 2026**, up **36.7% year on year**, accounting for roughly one-third of total exports during the period. Electronics and components alone represented about **42% of Thailand’s air-export value in 2025**. The disruption is especially problematic for products with strict delivery windows. Electronics components, semiconductors, fresh produce, seafood and temperature-controlled products can lose value rapidly if held at airports or forced onto slower alternative routes. Some raw materials have reportedly taken around **seven working days** to move from the airport to factories, increasing the risk of production delays. The Commerce Ministry is coordinating with exporters, freight forwarders and overseas trade-promotion offices to identify affected shipments and help companies negotiate extended delivery deadlines. Exporters are also being encouraged to communicate flood-related disruption to foreign customers as a potential force-majeure event where appropriate. The episode exposes a structural vulnerability in Thailand’s export model. As the country moves toward higher-value electronics and advanced manufacturing, logistics reliability becomes increasingly important. Diversifying cargo gateways, improving airport resilience and establishing contingency capacity could therefore become as important to competitiveness as investment incentives. **Key points** * Thai Airways cargo operations at Suvarnabhumi remain suspended through **October 6** under the current arrangement. * Thai air exports reached **THB2.42tn in the first seven months**, up **36.7% y/y**. * Electronics and components represented around **42% of Thailand’s air-export value in 2025**. **Why it matters:** Thailand’s export boom increasingly depends on fast, reliable logistics for high-value goods. A temporary airport disruption can therefore have consequences for overseas customers, factory production and Thailand’s reputation as a dependable regional supply-chain hub. **Thailand Business News:** [Thailand floods disrupt Toyota production and Thai Airways cargo operations](https://www.thailand-business-news.com/environment/331911-thailand-floods-disrupt-toyota-production-and-thai-airways-cargo-operations?utm_source=chatgpt.com) --- ## Asian markets reassess rate risks as weak US jobs data eases Fed pressure but bond yields stay elevated Asian investors enter the new week after a mixed global signal: unexpectedly weak US employment data reduced expectations of an October Federal Reserve rate hike, but long-term Treasury yields remain historically high. US nonfarm payrolls increased by just **29,000 in September**, far below economists’ expectation of around 90,000, while previous months were revised lower. The weaker labour data initially supported equities. The Nasdaq reached a record high on Friday, while semiconductor stocks led gains as investors revived expectations that the Federal Reserve could avoid another near-term rate increase. Lower oil prices also helped sentiment by reducing some immediate inflation pressure. The bond market, however, remains the central concern for Asia. The US 10-year Treasury yield has remained around **5.28%**, following a move to levels not seen in more than two decades. Higher long-term yields can tighten financial conditions even without an immediate Fed policy-rate increase, particularly for emerging Asian markets that rely on foreign portfolio flows. Hong Kong equities provided a warning sign earlier in the week, with the Hang Seng falling **2.6%** as rising Treasury yields and higher oil prices weighed on risk appetite. Mainland Chinese markets remain closed for the National Day holiday until October 8, meaning regional trading could remain sensitive to shifts in global yields and currency markets. [Business Recorder](https://www.brecorder.com/news/40442398/hk-equities-sink-as-10-year-treasury-yield-hits-two-decade-high?utm_source=chatgpt.com) For Thailand and ASEAN, the combination of weaker US growth data and elevated bond yields creates a complicated backdrop. A less aggressive Fed reduces immediate pressure on Asian currencies, but high US long-term yields can still attract capital toward dollar assets. Thailand’s baht is particularly sensitive to this environment because the country’s domestic policy rate remains low and its economy is facing additional flood-related uncertainty. **Key points** * US payrolls increased only **29,000 in September**, versus expectations of roughly 90,000. * The Nasdaq reached a **record high**, led by semiconductor and technology shares. * The US 10-year Treasury yield remains around **5.28%**, keeping global financing conditions tight. **Why it matters:** The weaker US jobs data provides some relief for Asian central banks, but it does not eliminate the pressure created by exceptionally high long- term yields. For Thailand, the key market variables remain the baht, US yields and oil prices as investors assess how much monetary easing remains possible. **Thailand Business News:** [Asia’s Equity Markets Face Reality Check Amid $10 Billion Outflow and AI Valuation Concerns](https://www.thailand-business-news.com/investment/258558-asias-equity-markets-face-reality-check-amid-10-billion-outflow-and-ai-valuation-concerns?utm_source=chatgpt.com) ## Siam Amazing Park owner may sell business for 10 billion baht following the recent floods - Link: https://www.thailand-business-news.com/entertainment/332477-siam-amazing-park-owner-may-sell-business-for-10-billion-baht-following-the-recent-floods - Published: 2026-10-04T11:55:00+07:00 - Author: Chloe Zhou Siam Amazing Park suffered nearly 500 million baht in flooding damage. Owner Dr. Chaiwat Luang-ammornlert may sell the entire business for 10 billion baht if he cannot secure financing or government assistance. Repairs could take three to six months before reopening. --- ## Key Points ### Siam Amazing Park Flooding Impact • Siam Amazing Park owner Dr. Chaiwat Luang-ammornlert considers selling the business for 10 billion baht after Bangkok’s worst flooding caused nearly 500 million baht in damage • Almost all park rides were submerged; flooding also caused animal losses and affected employee income • Unable to afford repairs alone, the owner seeks bank financing and government assistance; repairs could take 3-6 months ### Park Details • Major amusement and water park covering 300 rai in Khan Na Yao district, Bangkok • Opened November 19, 1980, as Siam Park City; features water slides, roller coasters, and nearly 40 rides and attractions • Known for its large artificial sea recognized by Guinness World Records ### Recovery Efforts • Staff working around-the-clock to pump water from the park, which has dried out • Owner continues visiting the site to monitor recovery efforts • Park hopes to eventually reopen pending sufficient financial assistance ### Catastrophic Flooding and Massive Financial Impact **Siam Amazing Park has suffered devastating damage from Bangkok’s worst flooding in history**, with losses estimated at nearly **500 million baht**. Dr. Chaiwat Luang-ammornlert, the park’s chairman and founder, announced on October 3rd that almost all rides were completely submerged and severely damaged by floodwaters. Beyond the physical infrastructure, the flooding caused **significant losses involving park animals and negatively impacted employees’ income**. Dr. Chaiwat expressed the emotional toll of witnessing the destruction, stating he had been unable to sleep for seven days after observing the damage to what he had built over many years. --- ### Potential Sale and Recovery Challenges Facing substantial repair costs that he cannot afford alone, **Dr. Chaiwat is exploring bank financing and government assistance** to restore the park. However, if adequate support cannot be secured, he has indicated his willingness to **sell the entire business for 10 billion baht**, which would include all rides and employees. Currently, staff members are working continuously to pump water from the park, which has now dried out. Dr. Chaiwat remains actively involved in monitoring recovery efforts on-site, demonstrating his commitment to assessing the full scope of restoration needed. ### Historical Significance and Recovery Timeline **Siam Amazing Park, formerly known as Siam Park City, is a major regional attraction** covering approximately 300 rai in Khan Na Yao district, Bangkok. Since opening on November 19, 1980, the park has evolved from a water park into a comprehensive entertainment complex featuring **nearly 40 rides and attractions**, including water slides, roller coasters, and an internationally recognized artificial sea acknowledged by Guinness World Records. Despite the current crisis, the park aims to reopen following recovery efforts, though **Dr. Chaiwat estimates repairs and restoration could require three to six months** to complete. **Source** : [Siam Amazing Park owner may sell business for 10 billion baht after floods](https://www.khaosodenglish.com/news/2026/10/03/siam-amazing-park-owner-may-sell-business-for-10-billion-baht-after-floods/) ## Offering incentives for companies on the Green List with the IDX Green Equity designation - Link: https://www.thailand-business-news.com/asean/indonesia/331229-offering-incentives-for-companies-on-the-green-list-with-the-idx-green-equity-designation - Published: 2026-10-04T07:00:00+07:00 - Author: SET News **IDX launched the Green Equity Designation to promote sustainable finance in the Indonesian capital market. Companies meeting green criteria receive visibility and investors gain structured, transparent information for sustainable investment decisions.** --- Through this initiative, IDX grants a special designation to shares of Listed Companies that meet the criteria for green economic activities and/or transition toward a low-carbon economy. The designation is expected to provide stronger visibility for companies, while offering investors information that is more structured, measurable, transparent, and independently verified. At the inaugural launch of the IDX Green Equity Designation, IDX designated 3 (three) Listed Companies, namely: a. PT Hero Global Investment Tbk (HGII) as Green Equity; b. PT Kencana Energi Lestari Tbk (KEEN) as Green Equity; and c. PT TBS Energi Utama Tbk (TOBA) as Green Equity Transition. The three companies had previously participated in the piloting process for the Green Equity Designation together with External Reviewers, namely S&P Global Ratings and PT SUCOFINDO (PERSERO). The IDX Green Equity Designation was developed to help the market identify Listed Companies with a measurable contribution to green economic activities or the transition process. This initiative is also part of IDX’s efforts to encourage sustainability aspects to become further integrated into companies’ business strategies and long- term value creation. For Listed Companies, the designation is expected to increase visibility among investors who consider sustainability aspects, as well as open opportunities to expand their investor base and access to sustainable financing. For investors, the designation provides an additional reference for identifying companies whose business activities contribute to the green economy or transition, based on measurable criteria that have undergone independent review. The IDX Green Equity Designation was developed with reference to the Indonesian Taxonomy for Sustainable Finance (TKBI) or other applicable taxonomy references as the basis for measuring business activities that meet green economic activity criteria and is further supplemented by international best practices through the Green Equity Principles from the World Federation of Exchanges (WFE). The designation framework is supported by 5 (five) main pillars: Financial, Taxonomy, Governance, Assessment, and Disclosure. The Financial aspect measures the contribution of green and/or transition activities through revenue and/or investment. The Taxonomy aspect assesses the alignment of business activities with the TKBI or other applicable taxonomy references. The framework is further strengthened through Governance, periodic Assessment, and public Disclosure of assessment results. The designation is granted on a voluntary basis to shares of Listed Companies as well as prospective Listed Companies that apply to IDX and meet the criteria based on a review report from an External Reviewer. The designation for HGII, KEEN, and TOBA is valid from 28 August 2026 until the annual evaluation period in July 2027. To maintain the designation, Listed Companies are required to conduct periodic assessments, update relevant information, and submit review reports from External Reviewers to IDX in accordance with the established mechanism. The development of the Green Equity Designation began in 2025, involving 4 (four) Listed Companies and 3 (three) External Reviewers in the piloting process. This process was used to test the assessment framework and process, the independent review mechanism, and information disclosure prior to the initiative’s broader implementation. Input and lessons learned from the piloting process were an important part of ensuring the IDX Green Equity Designation can be implemented credibly and in accordance with the needs of the Indonesian capital market. “The IDX Green Equity Designation is an important milestone in building an Indonesian capital market that is increasingly transparent, credible, and sustainability-oriented. Through this initiative, IDX aims to provide stronger visibility for Listed Companies that make a real contribution to the green economy and transition, while also providing a better reference for investors in allocating their capital.” “Going forward, we hope this initiative will not only improve the quality of sustainability information disclosure, but also expand the investor base, open up opportunities for sustainable financing, and encourage more companies to make sustainability part of their long-term growth strategy,” said IDX President Director Jeffrey Hendrik. Going forward, the IDX Green Equity Designation is expected to become one of the foundations for developing a sustainable product and investment ecosystem in the Indonesian capital market, including as a reference for the development of indices, investment products, and sustainability-based financing instruments. With an increasing number of Listed Companies meeting the criteria, IDX hopes to encourage the mobilization of capital toward economic activities that contribute positively to environmental goals and sustainable development, while also supporting Indonesia’s transition toward a low-carbon economy. This initiative also strengthens the capital market’s position as part of an ecosystem that brings together companies seeking capital to grow and transition with investors who increasingly consider sustainability aspects in their investment decisions. IDX emphasizes that the IDX Green Equity Designation is not a rating, investment recommendation, or guarantee of a stock’s financial performance, rate of return, or investment risk. Investors are still required to conduct thorough analysis and consider their risk profile and investment objectives before making investment decisions. Information on Listed Companies that have obtained the Green Equity Designation, along with the review results from External Reviewers, is published through IDX’s website and media channels, making it accessible to investors and other stakeholders. Further information regarding the Green Equity Designation can be accessed through: [https://www.idx.co.id/en/regulation/decree-of-directors](https://www.idx.co.id/en/regulation/decree-of-directors). Further information regarding Listed Companies that acquired Green Equity Designation can be accessed through: [https://sustainability.idx.co.id/investment/green-equity-designation](https://sustainability.idx.co.id/investment/green-equity-designation). **Source** : [Providing Incentives for Green Listed Companies, IDX Launches IDX Green Equity Designation](https://www.aseanexchanges.org/content/providing-incentives-for-green-listed-companies-idx-launches-idx-green-equity-designation/?rand=138677) ## Exploring Broad-based Growth in Legal and Healthcare Services in Hong Kong - Link: https://www.thailand-business-news.com/hong-kong/331315-exploring-broad-based-growth-in-legal-and-healthcare-services-in-hong-kong - Published: 2026-10-04T03:01:42+07:00 - Author: News Desk This analytical note examines the potential for further developing Hong Kong’s high value-added service industries, with a particular focus on the legal and healthcare sectors, and explores policy options to support their development. A distinctive feature of this note is its comparative analysis of Hong Kong with Singapore and Korea, two advanced economies in the region with well-developed legal and healthcare services, respectively. Building on this comparison, the note conducts scenario analyses to assess the potential economic gains from further development of Hong Kong’s legal and healthcare services. Source: [Navigating Broader-based Growth: Legal and Healthcare Services in Hong Kong, China – ASEAN+3 Macroeconomic Research Office ](https://www.amro-asia.org/navigating-broader-based-growth-legal-and-healthcare-services-in-hong-kong-china) ## Indonesia Representative Offices: What They Can and Cannot Do - Link: https://www.thailand-business-news.com/asean/324537-indonesia-representative-offices-what-they-can-and-cannot-do - Published: 2026-10-03T08:10:58+07:00 - Author: ASEAN Briefing **Foreign companies in Indonesia can set up representative offices (KPPA, KP3A, KP BUJKA) with specific activity restrictions; KPPA cannot conduct commercial transactions or manage local operations.** ### Types of Representative Offices for Foreign Companies in Indonesia Foreign companies can set up various types of representative offices in Indonesia, including the Foreign Company Representative Office (KPPA), Foreign Trade Company Representative Office (KP3A), and the representative office of a Foreign Construction Services Business (KP BUJKA). The KPPA primarily handles general corporate representation, while the KP3A focuses on trade activities. The KP BUJKA is specifically designated for foreign construction service providers. Each type operates under specific regulations, and Indonesia’s OSS framework recognizes these different forms, outlining their permissible activities. ### Restrictions on KPPA Activities A KPPA is limited in scope as it cannot generate income from Indonesian sources, enter contracts, or engage in commercial transactions such as buying or selling goods or services with local entities. It also cannot participate in managing a local company, subsidiary, or branch. Essentially, the KPPA’s role is restricted to representing and coordinating the interests of the foreign parent company without engaging in direct commercial activities within Indonesia. ### Special Sector Designations and Construction Activities Indonesia differentiates between traditional trade representative offices and those operating in electronic commerce. The OSS framework separately recognizes a KP3A for electronic trade activities, also known as PMSE. Additionally, a KP BUJKA enables qualified foreign construction companies to carry out construction services directly in Indonesia, allowing them to undertake specific projects under their designated structure. --- | This article was first published by _[ASEAN Briefing](https://www.aseanbriefing.com) _, which is produced by [Dezan Shira & Associates](https://www.dezshira.com/). The firm assists foreign investors throughout Asia from offices [across the world](https://www.dezshira.com/office), including in in [China](https://www.dezshira.com/office/china), [Hong Kong](https://www.dezshira.com/office/hong-kong.html), [Vietnam](https://www.dezshira.com/office/vietnam), [Singapore](https://www.dezshira.com/office/singapore.html), and [India](https://www.dezshira.com/office/india) . Readers may write to [info@dezshira.com](https://www.thailand-business-news.com/asean/info@dezshira.com) for more support. | --- **Read the original article :** [Indonesia Representative Offices: What They Can and Cannot Do ](https://www.aseanbriefing.com/news/indonesia-representative-offices-what-they-can-and-cannot-do/?rand=93901) ## Vietnam Emerges as the European Union’s Top Trading Destination Within Southeast Asia - Link: https://www.thailand-business-news.com/european-union/331200-vietnam-emerges-as-the-european-unions-top-trading-destination-within-southeast-asia - Published: 2026-10-03T05:20:00+07:00 - Author: Bui Dung Vietnam leads ASEAN as Europe’s most attractive market, with 64% of businesses planning expansion over five years. The country combines strong existing European presence with high entry interest from new companies. European firms increasingly view ASEAN strategically for supply chain resilience and growth opportunities, though regulatory complexity remains a significant concern. ## Key Points • Vietnam emerges as the most attractive ASEAN market for European expansion, with 64% of respondents planning to invest there over five years, followed by Indonesia( 57%), Malaysia and Thailand (49% each). • European companies prioritize economic growth opportunities and regulatory predictability when choosing expansion locations, with 73% citing ASEAN’s increased importance to global revenues and supply chain resilience driving investment decisions. • Despite global uncertainties affecting confidence, European businesses view ASEAN as strategically valuable, though regulatory complexity and inconsistent standards remain significant barriers to efficient regional operations. ## Vietnam’s Position as Europe’s Premier ASEAN Investment Destination ### Market Leadership and Expansion Momentum **Current Investment Trends** According to the 2026 EU-ASEAN Business Sentiment Survey, **Vietnam has emerged as the most attractive ASEAN market for European businesses**, with 64 percent planning to expand operations over the next five years. This represents the highest percentage across all ASEAN nations, significantly outpacing Indonesia at 57 percent, and Malaysia and Thailand at 49 percent each. Vietnam’s appeal extends beyond existing investors, as it simultaneously attracts substantial interest from European companies seeking to establish their first presence in the region. **Dual-Growth Market Characteristics** The report identifies Vietnam and Indonesia as the region’s clearest **“dual-growth markets,”** combining substantial existing European business communities with strong prospective market entry interest. Notably, 70 percent of surveyed European businesses already operate in Vietnam, making it the fifth-most common ASEAN location. Meanwhile, 34 percent of respondents not currently operating in Vietnam are considering entry, compared to 20 percent for Malaysia and Thailand. This combination of established presence and future growth potential distinguishes Vietnam from smaller ASEAN economies with more limited European business footprints. ### Broader Regional Recovery and Strategic Motivations **ASEAN’s Rising Importance** **Nearly three-quarters of survey respondents reported that ASEAN has become more important to their companies’ worldwide revenues** over the past two years. Additionally, 61 percent identified ASEAN as offering the best economic opportunities over the next five years, while 78 percent expect increased trade and investment in the region. This positive sentiment reflects a broader recovery in European business confidence toward Southeast Asia as a strategic economic region. **Investment Decision Drivers** European companies prioritize commercial opportunities and growth potential over cost reduction alone. **Economic recovery and growth opportunities were cited by 66 percent of respondents** as top expansion reasons, followed by adequate laws and regulations at 46 percent and customer base diversification at 44 percent. Supply chain restructuring also drives investment, with 67 percent of businesses recalibrating supply chains considering ASEAN as a destination, ahead of South Asia, China, and Europe. ### Operational Challenges and Future Outlook **Regulatory Environment and Barriers** Despite positive growth prospects, **European businesses face significant regulatory challenges**, with 73 percent believing too many barriers hinder efficient regional supply chain usage. Regulatory complexity and inconsistent standards top concerns at 67 percent, while non-tariff barriers and customs delays affect 55 percent. Additionally, 81 percent reported reduced confidence due to U.S. tariff uncertainty, and 64 percent experienced Middle East conflict impacts. However, companies are adapting through diversification rather than withdrawing entirely. **Vietnam’s Conditional Leadership** Vietnam’s strong position results from combining** existing business presence with unusually high expansion interest**, positioning it ahead of ASEAN competitors. Yet the survey cautions against unconditional optimism, noting that European investment is becoming increasingly selective. **Businesses favor markets combining strong growth prospects with predictable regulations, market access, and established ecosystems.** For ASEAN overall, faster customs procedures, deeper regional integration, and improved market access remain critical priorities for sustained attractiveness. **Source** : [Vietnam as EU’s largest trade partner in ASEAN ](https://en.vneconomy.vn/vietnam-as-eus-largest-trade-partner-in-asean.htm)