• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Thailand to pursue new policies to boost and protect digital economy

by November 8, 2024
written by November 8, 2024

BANGKOK (Reuters) – Thailand is pursuing new digital policies to handle emerging security threats including the impacts of U.S.-China rivalry on the economy and technology, its prime minister said on Friday.

“We will accelerate policies so that the digital economy makes up 30% of GDP by 2030,” Paetongtarn Shinawatra said in an address at the country’s National Defence College, adding this would also enhance cyber security.

The government is supporting the use of artificial intelligence to strengthen the agriculture sector and increase exports to China, she added.

Thailand stands to benefit from a potential trade war through re-location of investments from China and more exports to the United States, Commerce Minister Pichai Naripthaphan has said previously.

Global tech companies have also been ramping up investments into Southeast Asia, particularly in Malaysia, Vietnam, Singapore and Thailand, as they vie for a greater presence in the region of 670 million, including a growing young and tech-savvy population.

Thailand has drawn in billions of dollars of investments in the tech sector, including a regional data centre for Microsoft (NASDAQ:MSFT) and a $1 billion investment from Google (NASDAQ:GOOGL) in a data centre and cloud infrastructure.

The cloud computing unit of Amazon.com (NASDAQ:AMZN) has said it would invest $5 billion in Thailand over 15 years.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Analysis-After Trump, German political crisis engulfs industry
next post
China October bank lending seen declining despite policy measures: Reuters poll

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • India’s 2nd-wealthiest person charged by U.S. in $250 million bribery scheme
    • Greece stocks higher at close of trade; Athens General Composite up 1.18%

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy