Thailand tech snapshots, quarterly
December 2023 | November 2023 | October 2023
Technology news snapshots of Thailand across the months of 2023’s 4th quarter captured items including: the potential of Thailand’s fintech space, particularly as SEA’s 2nd-largest economy; the Thailand Digital Valley project’s goals of being an SEA-wide tech hub; Thailand’s semiconductor industry position; and more.
Other editions: Asia’s tech news, daily (via LinkedIn, Facebook & Twitter/X); and Indo-Pacific technology newsletters, weekly; and coverage of critical technologies in Q4 2023.
CyberSec Asia & Thailand International Cyber Week 2024 / Jan 31 – Feb 01
December 2023
- Thailand: Ministry of Higher Education, Science, Research & Innovation recently hosted VCs in move to boost funding networks and investment in Thai startups
- Cybersec Asia 2024 event is set for Thailand from January 31st to February 1st, focusing on Asia’s cybersecurity challenges, regulatory and evolving threat landscapes
- Thailand: Tesla is ‘looking for 2,000 rai (320 hectares) of land’ says Prime Minister, likely for construction of a factory to produce electric vehicles rather than simply an investment footprint
“Thailand’s economic stature hints at vast untapped opportunities… from a strategic shift in investment focus, prioritizing rapid profitability, complemented by gov’t initiatives fostering a digital economy.”
- Thailand: An overview of 7 key insights on Thailand’s fintech landscape, touching on cashless payments adoption, cross-border transactions, digital banking licensing and more
- Hong Kong Monetary Authority and Bank of Thailand launched the FPS x PromptPay Link for cross-border QR-based payments between the two
e-Conomy SEA 2023: Thailand report – Google, Temasek, Bain & Co
November 2023
“Oban, Scotland-based seaweed startup Oceanium was named the winner of the Thai Union Innovation Challenge for extracting value from sustainably farmed seaweed to produce plant-based foods.”
“The company was recognized at the 2023 Asia-Pacific Agri-Food Innovation Summit, which took place from 31 October to 2 November in Singapore. As the winner, Oceanium will receive assistance and technical expertise from the Thai Union Global Innovation Team.”
“The Thailand Digital Valley project is considered an important area as 5 buildings are allocated to meet the digital mission with a total usable area of 86,000 square meters in the Industrial Promotion and Digital Innovation Zone, Chonburi Province.”
“[Thailand’s] Electron Plus Innovation, or Electron+, is a titan in semiconductor research and development (R&D), crafting the very foundations of future technology. Specializing in developing semiconductor materials that go beyond mere production, Electron+ integrates into various industries such as energy and healthcare, representing a symbiosis of flexible thermoelectric and sustainable technology.”
“While the full impact of the Rever Automotive and BYD partnership has yet to be fully realized, it highlights the increasingly competitive nature of the electric vehicle market in Thailand.”
“As more consumers and businesses in the country embrace electrification, car manufacturers must adapt their strategies to stay relevant and attract this growing segment.”
StormWall: DDoS attacks in Asia Pacific in Q3 2023
October 2023
- Thailand and Taiwan firms have satellites placed in orbit by European Space Agency ‘ride-sharing’ launcher Vega with other payloads from Spain, Austria and Estonia
- Thailand: Eazy Digital raises $1M with SaaS platform automating insurance sales and processes for agents and brokers, with sights on Malaysia and Philippines
- Thailand’s HydroNeo partnered by Norway’s Full Circle Biotechnology for high-protein, low-carbon additive for aquaculture feeds using black fly larvae and microbes
- Thailand: “Funds will be focused on 5 areas: agriculture, medicine, tourism, soft power and energy, including electric vehicles. Plans call for supporting more than 1,500 new projects.”
- “Rever Automotive’s exclusive distribution rights for BYD represent a formidable challenge for Japanese and South Korean automakers in the Thai electric vehicle market…”
- An intro to 3 ASEAN startups presenting at Hong Kong Electronics Fair, working on IoT wearables, semiconductors and ‘nanomaterials’, and AI-backed 3D printing
SharePass digital communications security
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Critical technologies, quarterly: 4th quarter 2023 coverage