Production and sales of electric vehicles (EVs) in Thailand have been on the rise in recent years due to the shift in demand from gasoline-powered cars to lower-emission vehicles, alongside the Thai government’s efforts to boost domestic productivity. The government aims to see the country producing all types of electric vehicles (passenger car, commercial vehicle,… Read More

On January 15, 2024, Vietnam’s 15th National Assembly enacted the revised Land Law 2024, a legislative overhaul poised to reshape the nation’s land management landscape. Effective from August 1, 2024, this comprehensive reform introduces significant changes with far-reaching implications for the manufacturing sector and foreign investors. Limits on Agricultural Land Transfers The amended Land Law… Read More

Over the past four years, the United States has witnessed a profound surge in domestic and foreign direct investment (FDI) within its semiconductor industry, driven by strategic government incentives and unprecedented demand for new technology. This growth underscores the critical role of semiconductors in global technology and highlights the United States’ ambitions to advance its… Read More

With over 1600 exhibitors from 91 countries, Food and Hotel Asia (FHA) 2024 in Singapore was another bustling congregation of the agri-food community showcasing their latest products, processes, technologies, and ingredients. Suffice to say that a trade show such as FHA presents an accurate depiction of the state of the agri-business industry and is an… Read More

China has made great achievements in agriculture modernization, but the problems of unbalanced domestic agricultural green development and the insufficient supply of high-quality green agricultural products still exist. In recent years, China has increasingly paid attention to green development transformation. China first proposed the concept of agricultural green development (AGD) in 2015, aiming to achieve… Read More

Healthcare spending in Thailand in 2023 amounted to approximately US$24.6 billion. Medical tourism alone contributed US$9 billion to Thailand’s healthcare sector in 2023, driven primarily by visitors from Myanmar, the Middle East, and China, as well as a host of other visitors from Vietnam, Cambodia, South Korea, and Laos, the United States and United Kingdom…. Read More

India’s tremendous population growth, increasing internet penetration, and government initiative to become a digital-first economy are driving new opportunities in the tech sector. The data center industry in particular is undergoing a remarkable transformation with significant growth potential. India ranks 13th in the world in terms of total number of data centers, with 138 currently… Read More

Variety is the spice of life, and Chinese consumers are craving both. China’s condiment market has exploded in flavor and value in recent years, reaching US$64.18 billion in 2021, with its compound seasoning market at US$24.95 billion and growing rapidly. The compound seasoning market is expected to reach as great as US$47 billion in 2027,… Read More

Cash-rich multinational corporations (MNCs) are increasingly looking towards Southeast Asia and Taiwan for potential acquisition targets. This shift in focus comes as family-owned businesses in these regions become more open to selling in recent years after COVID-19, with valuation expectations becoming more realistic for M&A. Previously, unrealistic valuations by family businesses, often steeped in tradition… Read More

The medical device sector in India is currently experiencing more growth than it has seen in the last decade due to the diversified product portfolio and rapidly advancing technology. India is currently Asia’s fourth-largest medical device market at US$11 billion, and it is projected to reach US$50 billion by 2030. India’s medical device sector relies… Read More