Thailand

Thailand's Board of Investment (BOI) has approved a $688 million investment by Nestlé (Thai) Co., Ltd. to construct a smart factory and distribution center in Samut Prakan province.

Thailand has approved nine major investment projects worth a combined $1.99 billion across artificial intelligence (AI), advanced electronics, aviation, clean energy, and food, as global manufacturers reposition supply chains across Southeast Asia.

Thailand has secured more than $4.1 billion in investment pledges across its electric vehicle supply chain, spanning 198 projects covering battery electric vehicles, hybrid systems, battery manufacturing, critical components, and charging infrastructure.

Nasdaq-listed Polibeli Group Ltd, an Indonesia-headquartered digital supply chain company, plans to establish a preliminary framework for evaluating a potential artificial intelligence (AI) computing center in Thailand.

Thailand-based Amity Robotics, a physical AI and robotics company building AI-powered experiences for the physical world, has closed a $7 million seed round combining equity and debt financing.

Igloo, Singapore-based insurtech company, has acquired Eazy Digital, a Singapore-headquartered insurtech company with operations across Thailand and Asia.

Amity, the enterprise artificial intelligence (AI) technology company founded in Thailand, announced Monday the official launch of its Singapore office and AI Research & Application Center (ARAC).

Google Cloud announced Tuesday the appointment of Saruj Thipsena as Country Manager of Thailand, who will lead the company’s go-to-market strategy, customer and partner engagement, and business operations.

Thailand’s data center sector is set to sustain strong medium-term growth, driven by a rapidly expanding pipeline of hyperscale investments and supportive government policies, even as execution risks around power supply, grid readiness and costs begin to emerge, BMI Country Risk & Industry Research said Monday.

Singapore's Singtel has sold 2.8 percent of its stake in Gulf Development, Thailand's largest energy company, for approximately S$1 billion ($775 million), generating cumulative equity gains of approximately $109 million.