Thailand Grants Virtual Bank Licenses to Three Consortiums
The Bank of Thailand (BOT) has announced the selection of three consortiums to receive virtual bank licenses, following a detailed review process. The approved groups are SCBX, Krungthai Bank, and ACM Holding Group, a subsidiary of the Charoen Pokphand (CP) Group....
Thailand Strengthens Role as Southeast Asia’s Logistics Hub
Thailand is advancing its position as a logistics hub in Southeast Asia, supported by increased cross-border trade, e-commerce growth, and infrastructure development. In 2024, cross-border trade reached a record USD 47.6 billion, a 6.1% increase from the previous...
Purina Opens USD 160 Million Wet Cat Food Facility in Thailand
Purina, a subsidiary of Nestlé, has opened a new wet cat food manufacturing facility in Rayong, Thailand. The factory, covering over 93,800 square meters, represents an investment of approximately USD 160 million. Located less than 200 kilometers from Bangkok, the...