Thailand’s technology news in 2024’s first quarter – that’s January, February and March, collectively – captured headlines across technologies, implementations and fields including: Thailand’s moves towards ‘virtual banks’ as a way to boost financial access; the Thai smart city technology’s deep exposure to China’s Huawei in particular; Thailand’s growing challenges with cyber-attacks; the changing situation for cryptocurrency regulation in Thailand; and more.
In March 2024 | In February 2024 | In January 2024
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KPMG: Electric vehicles in Thailand
Thailand tech news: March 2024
- Thailand: Edsy ed-tech firm completes gov’t-supported ‘Evaluation and Development of English Communication Potential Using Artificial Intelligence Technology’ for Bangkok students / read it here
- Thailand: Financial regulator to open applications for virtual banks within 6 months, hoping to address the 50% of the population that has no access to financial products / read it here
- Thailand: Spacely AI gains pre-seed backing from Siam Commercial Bank’s SCB 10X with GenAI-powered interior architecture design platform / read it here
- Thailand: Ramathibodi teaching hospital at Mahidol University gains US grant for WiFi tech feasibility study and pilot project, aiming to boost digitally-supported healthcare / read it here
- Thailand’s Bank for Agriculture & Agricultural Cooperatives in JV negotiations with unnamed Chinese tech giant for e-commerce platform for sale of agri products to China, with 49/51% ownership / read it here
- Thailand: Bangkok Business Challenge 2024, Asia’s longest-running global student startup competition, applications are open / read it here
KPMG: Virtual Assets 2023 Review and 2024 Outlook
Thai tech snapshot: Feb 2024
- Thailand: Driverless, 5G-backed electric bus rolls out for trial in tourist area, a project from University of Technology Thonburi and partners
- Thailand: An overview of Huawei’s involvement in all aspects of the tech behind Thailand’s smart cities projects – 5G, IoT, monitoring, language recognition, data management and beyond
- Thailand: A brief intro to 2 new venture capital funds in the country, focused on pre-series to Series A startups in a range of industries
- Thailand looks to develop homegrown Open ThaiGPT project, partly in bid to avoid heavy reliance on foreign technologies in artificial intelligence
- Thailand: In bid to position the country as a regional digital assets hub, the Thai Finance Ministry announced the exemption of value-added tax on digital asset trading
- Thailand: National Innovation Agency, Thai Union food major and Mahidol University ink MOU with Thai division of Nestlé food conglomerate for SPACE-F food innovation collab
- Thailand: Siam Commercial Bank partners UK’s KogoPAY for mobile wallet, PromptPay QR code payments, and ATM services for UK and European tourists visiting Thailand
- Thailand: A snapshot overview of the National Innovation Agency’s activities in guiding and growing the Thai startup and entrepreneurship landscape
- Thailand’s first plant for cultivated meat production now set for construction, with Israel’s Aleph Farms cultivated meat leader building on Singapore facility in SEA move
- Thailand: An overview of the National Innovation Agency’s new strategy to develop and boost Thai startups, aiming to align them with global innovation demand
- Thailand: An overview of the country’s increasing challenges from cyber-attacks, including a trojan attack targeting ID documents, facial recognition data and SMS
Deloitte: Asia-Pacific Semiconductor Industry Trends
Thai tech news: January 2024
- Thailand: Depa Digital Startup Fund allocates up to $28K for 15 early-stage startup projects working in state services, healthcare, tourism, agriculture, education, finance or smart city tech
- Thailand: $14.3BN digital wallet handout program to launch by May, funded by borrowing, to meet PM’s election promise of distributing 10K baht to 50 million citizens
- Thailand may launch a ‘Unicorn Factory’ framework, tying in with National Startup Act
- Thailand Securities & Exchange Commission updates crypto regulatory framework, removes retail investor limits for asset-backed tokens, creates new rules for custodians and boosts role in digital asset monitoring
- South Korea’s Pocket PangPang enters Thailand with single-price mobile shopping platform, matching customers with one product for a flat fee
- Cybersec Asia X Thailand International Cyber Week 2024 took place Jan 31-Feb 1, featuring conferences and exhibitions, organised by Thailand’s National Cyber Security Agency
Future Today Institute 2024 Tech Trends Report
Asian tech news: Other platforms
- Daily – LinkedIn / Twitter/X / Facebook
- Newsletters – weekly on LinkedIn / Substack
- Monthly collections – countries across AsiaPac / IndoPac
- Asia tech, quarterly – 3 months’ coverage per country
- Critical technologies – global news, monthly & quarterly
