The collaboration combines Zettabyte’s compute operations with Raku Advanced Tech’s energy and data center build-out, starting in Taiwan and Thailand.
TAIPEI, Sept. 11, 2026 /PRNewswire/ — Zettabyte, a global AI computing company, and Raku Advanced Tech, a Taipei-based smart-energy and AI infrastructure integrator and a wholly owned subsidiary of Raku Co., Ltd. (TPEx: 4154), today signed a memorandum of understanding to jointly promote green AI data center capacity across Asia, starting with Taiwan and Thailand.
Demand for AI computing in the region is outpacing local data center capacity. Zettabyte delivers and measures high-quality compute through its zSUITE platform, and Raku Advanced Tech develops the data centers and supplies solar power generation, energy storage, and energy management. Together, they plan to bring AI data centers online in phases across Asia, powered by Raku Advanced Tech’s renewable energy.
Taiwan is home base for both companies as well as a central hub for AI hardware supply and computing demand. Thailand is one of Southeast Asia’s fastest-growing data center markets.
The two companies will explore AI data center projects together while upholding shared ESG commitments to environmental protection and workforce development.
“AI growth in Asia now depends as much on power as on compute,” said Kenneth Tai, Chairman of Zettabyte. “With Raku Advanced Tech, we can supply both and expand AI capacity across the region.”
“Raku Advanced Tech builds the data centers and powers them with solar and storage, while Zettabyte operates the compute infrastructure inside,” said Davis Chuang, Chairman of Raku Advanced Tech and Director of Raku Co., Ltd. “By joining forces, we address both the market’s AI demand and the challenge of energy costs.”
About Zettabyte
Zettabyte is an AI computing company that designs and operates GPU infrastructure for AI training and inference workloads. From high-performance network fabrics to full-stack cluster operations, Zettabyte delivers reliable, scalable AI compute for enterprises and research organizations. Learn more at www.zettabyte.space.
About Raku Advanced Tech
Raku Advanced Tech Co., Ltd. is a Taipei-based smart-energy and AI infrastructure integrator. Its solutions span solar photovoltaic systems, behind-the-meter energy storage, energy management systems (EMS), hardware-software integration for smart AI applications, and turnkey AI computing center development. Raku Advanced Tech is a wholly owned subsidiary of Raku Co., Ltd., listed on the Taipei Exchange (TPEx: 4154).
SINGAPORE, Sept. 11, 2026 /PRNewswire/ — MetaOptics Ltd (Catalist: 9MT) (“MetaOptics” or the “Company”, and together with its subsidiaries, the “Group”), a leading-edge semiconductor optics company, today announced that it has entered into several placement agreements for a placement of 2,685,825 new ordinary shares in the capital of the Company (“Placement Shares“), at S$0.3912 per Placement Share, to raise gross proceeds of S$1.1 million (“Share Placement“).
The placement agreements for the Share Placement were entered into following strong interest from new individual high net worth investors and existing shareholders of the Company, including high net worth investors and a corporate investor (who is also a strategic partner of the Group in equipment development). Their participation in the Share Placement reflects a strong signal of investor confidence in the Group’s execution track record and commercial case for its proprietary, first-to-market automated metalens manufacturing equipment.
Proceeds to fund first-to-market full automation of metalens colour camera module production
The Group’s 5-megapixel colour metalens camera module has delivered consistently good imaging performance on its pilot production line. These results support the Group’s decision to advance the module to full-scale commercialisation. A portion of the Share Placement proceeds will be applied toward engaging Elsoft Research Bhd in Penang, the Group’s equipment manufacturing partner, to fully automate the assembly of the metalens camera module.
The module has a maximum thickness of approximately 3mm and is built on a flexible circuit, a meaningful departure from conventional camera modules, which rely on multiple layers of thick plastic lenses to focus light. The Group’s design uses a single-layer rectangular metalens to achieve 5-megapixel image quality. Management believes this architecture provides a structural cost and form-factor advantage as customer demand shifts toward smaller and lighter imaging systems.
The Group has also completed the design of a 12-megapixel variant of the module, which was undertaken in collaboration with a U.S.-based technology company, and will be commencing prototyping wafer production using titanium dioxide (“TiO2“). This extends the Group’s metalens platform into higher-resolution applications and broadens its addressable market.
Proceeds to also support launch of MetaPhone, the Group’s metalens-enabled 5G ultra-thin smartphone
A further portion of the proceeds will support the commercial launch of MetaPhone, the Group’s metalens-enabled 5G smartphone, through a direct-to-consumer sales channel. The MetaPhone integrates a non-contact fingerprint metalens module and an ultra-thin 5-megapixel metalens camera module, and is designed without the camera bump found on conventional smartphones (https://www.yolegroup.com/player-interviews/beyond-the-camera-bump-an-interview-with-metaoptics/).
Healthy balance sheet and growing institutional interest
The Group’s cash position remains healthy to fulfil its equipment purchase orders, scale its metalens fabrication processes towards supporting mass production capabilities, and support the growing pipeline of customer engagements.
In addition, following recent product and technology roadshows in the United States, several U.S.-based institutional funds specialising in deep technology investments have expressed interest in the Group’s growth story and execution track record. These funds have indicated a willingness to explore various investment opportunities within and with the Group, and to support its growth plans, in respect of the establishment of the Group’s maiden front-end semiconductor fabrication line with 12-inch DUV immersion photolithography equipment in the USA, for the mass production of metalenses and modules. Discussions are progressing following the execution of non-binding term sheets, which may or may not lead to entry into definitive agreements. Management views these indicative and early interests as encouraging signals of institutional interest and recognition of the Group’s technology and commercial roadmap. The Company will keep its shareholders updated on a timely basis, as and when material developments arise.
Mr Thng Chong Kim, Executive Chairman said “As we execute our business growth plans, we are excited to welcome greater participation from institutional investors and Singapore-based investors, and look forward to building strong, long-term relationships with investors who share our vision and believe in the opportunities ahead.”
This press release is to be read in conjunction with MetaOptics’ announcement on the Share Placement released via SGXNet on 11 September 2026. The Company will make further announcement(s) to update its shareholders as and when appropriate regarding the material developments on the Share Placement.
By Order of the Board
Thng Chong Kim Executive Chairman 11 September 2026
About MetaOptics Ltd
MetaOptics Ltd (Catalist: 9MT) is a leading-edge semiconductor optics company pioneering glass-based metalens solutions enhanced by AI-driven image processing. Using advanced optical design and a scalable 12-inch DUV lithography process, it powers next-generation applications in CPO, mobile, AR VR, automotive and other emerging markets. Headquartered in Singapore, MetaOptics aims to deliver high-performance optics with the reliability and scalability demanded by today’s most innovative technology brands. Find out more at www.metaoptics.sg.
Forward-Looking Statements
This press release may contain forward-looking statements that involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the Company’s growth strategies, its future business development, results of operations and financial condition, its research and development efforts, its ability to attract and retain customers, and its ability to establish and maintain relationships with suppliers and business partners; and assumptions underlying or related to any of the foregoing. All information provided in this press release is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
YIWU, China, Sept. 11, 2026 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. As September arrives, the lingering warmth of summer can still be felt across the Northern Hemisphere, yet the annual global stocking season for winter essentials is already drawing to a close in the Yiwu market. Through the Yiwugo platform, a wide range of source suppliers have long since mapped out their operations for the entire year. They started the year with product development and production capacity preparations, entered the peak season for cross-border sourcing in May, and sustained several months of robust production and sales before bringing the year’s main stocking cycle to a close in early autumn in September. The end of the peak season, however, does not mean the market falls quiet. Replenishment orders continue to flow in, while merchants have already begun developing new products and planning production capacity for the year ahead. Year after year, this cycle repeats. With quality craftsmanship and innovation at the core of their businesses, Yiwugo merchants keep delivering thoughtfully designed winter essentials to markets around the world, helping build a strong foundation for Yiwu as a world-class sourcing hub for cold-weather products.
Related Product Images on Yiwugo.com.
The latest data from Yiwugo shows that searches for key categories such as “cold-weather apparel” and “leggings” have continued to rise over the past 30 days. As temperatures begin to drop across China with the arrival of autumn, demand for warm clothing is steadily building. Overseas markets, however, have already moved a step ahead, with early stock-up activity steadily gaining momentum since May. Liu Jianlan, who has been deeply engaged in the neck warmer industry for more than a decade, has witnessed this trend firsthand.
According to Liu, Chinese buyers based in Europe began visiting her Jianzhen Gloves store as early as May to stock up in bulk. Classic materials such as polar fleece and ultra-soft fleece have remained perennial bestsellers, prized for their excellent warmth and versatility, and continue to enjoy strong and enduring market demand. Buyers from Europe, South America, and border-trade markets tend to favor simple, easy-to-coordinate solid colors such as black, white, gray, and brown, which pair well with a wide range of outfits. The South Korean market, by contrast, shows a stronger preference for understated, sophisticated darker tones, including black, dark gray, and navy. Thanks to consistently rigorous quality control and reliable, generously weighted fabrics, the store has not only attracted a steady stream of inquiries from new customers through Yiwugo, but also built a loyal customer base, some of whom have been doing business with the store for nearly a decade. During the peak sales season, annual purchases by a single major customer can reach RMB 700,000 to RMB 800,000, underscoring the brand’s steadily growing reputation and market recognition.
Liu Yan, head of Lingdong Knitted Glove Factory, has likewise benefited significantly from Yiwugo. With more than two decades of experience in the mid- to high-end knitted glove segment, the company has seen a steady influx of highly relevant new customers since the beginning of this year. Many discovered Lingdong through searches on Yiwugo and were subsequently guided to the store to place orders, highlighting the platform’s strong effectiveness in online customer-acquisition. Positioned in the mid- to high-end segment, Lingdong’s products are exported to Europe, South America, and other overseas markets. The company consistently delivers on its quality commitment to customers worldwide by using environmentally responsible and compliant materials, ensuring substantial and consistent yarn usage, and adhering to rigorous production standards.
This year, half-plush gloves have emerged as a breakout product. Soft against the skin and highly effective at retaining warmth, they have gained strong traction in overseas markets, with cumulative sales exceeding 100,000 pairs over the past five months. Demand has been particularly robust in Spain, where several classic unisex touchscreen gloves have been well received by local consumers. Annual purchases by a single customer can reach RMB 200,000. To sustain momentum in the online market and meet diverse sourcing needs, Lingdong maintains a steady pace of new product launches, introducing new items exclusively for Yiwugo every week. During the peak season, it rolled out more than 10 new styles per month on average, continuously staying ahead of market trends through innovation and iteration.
Qunxin Earrings Scarf, meanwhile, has carved out a differentiated path by targeting a highly specialized niche. The company focuses on creating decorative, all-in-one earmuff-and-scarf products designed specifically for women and children. Moving beyond minimalist basics, it specializes in playful animal-inspired designs and bright yet soft color palettes, combining practicality with decorative appeal. The products closely match aesthetic preferences in the Middle East, Europe, and the US, and have gained notable visibility in overseas markets. According to Ye Qun, head of the company, this year’s bestsellers include all-in-one neck warmer-and-earmuff designs made from rabbit-fur- like plush and featuring three-dimensional, movable bunny ears. As a source manufacturer, the company has been operating at full capacity throughout the peak stocking season, with daily output of this popular item exceeding 20,000 units. Bolstered by Yiwugo’s strong cross-border traffic, the company has successfully secured procurement orders from several overseas malls, as well as brand-authorized customization orders. With both production and sales thriving and a full order book, the company has entered its busiest period of the year.
From neck warmers and gloves to creative earmuff-and-scarf combinations, these small winter essentials are a reflection of how Yiwugo merchants cultivate niche markets while staying committed to quality and innovation. Unlike the seasonal consumption patterns of end markets, merchants on Yiwugo consistently follow a strategy of planning ahead and developing their products and markets well before the season arrives. By planning production capacity ahead of time, gaining precise insights into market trends, and continuously innovating their products, Yiwugo merchants are able to respond to diverse demands across global markets. Their meticulous attention to detail helps bring warmth to consumers around the world each winter. As production and sales cycles begin anew year after year, Yiwugo merchants continue to open new chapters in the global journey of Yiwu-made products.
HONG KONG SAR – Media OutReach Newswire – 11 September 2026 – The 11th Belt and Road Summit was successfully held at the Hong Kong Convention & Exhibition Centre (September 9–10), attracting over 6,200 political and business elites from more than 70 countries and regions under the Belt and Road Initiative (BRI) and beyond, exploring co-operation opportunities for mutually beneficial development.
During the two-day event, more than 60 Memoranda of Understanding (MoUs) and bilateral co-operation agreements were witnessed. The total value of these MoUs, together with new projects and deals finalised before and during the Summit, is over US$3.1 billion.
Hosted by the Hong Kong Special Administrative Region (HKSAR) Government since 2016, the summit remains the premier business and investment platform for Hong Kong’s participation in and contribution to the BRI.
Noting that the BRI is a shared blueprint for the future, rooted in a rich history of cross-cultural collaboration, HKSAR Chief Executive John Lee said: “Hong Kong, as a place where East meets West, is where capital, talent, businesses and opportunities converge. In addition to strengthening our relations with traditional partners, Hong Kong continues to expand our network of friends along the Belt and Road.”
Under the theme “Advancing High-quality Development · Embarking on a New Journey”, business and government leaders discussed co-operation across trade and commerce, legal services, green technology, logistics, artificial intelligence and new quality productive forces.
The summit explored new co-operation landscapes and emerging opportunities in trade, investment and development across Belt & Road markets and other regions, with a special focus on ASEAN, Central Asia and the Middle East, underscoring Hong Kong’s unique role as a “super connector” and “super value-adder”.
Mr Lee has led high-level business delegations to explore opportunities in 13 Belt and Road countries across ASEAN, the Middle East and Central Asia, delivering a total of over 250 MoUs and other agreements. These covered policy coordination, trade and investment, expanded connectivity and support for companies, underlining Hong Kong’s focus on opening new markets, forming new partnerships and advancing regional co-operation.
This year’s summit featured three newly-added special chapters – the GoGlobal Chapter, Central Asia Chapter and Middle East Chapter. The GoGlobal Chapter offered a one-stop platform for exchange and matchmaking for Chinese Mainland enterprises looking to tap new markets overseas, while the Central Asia and Middle East chapters invited local officials and business leaders to share investment opportunities.
“In light of the shifting geopolitics, rising trade protectionism and the reshaping of global supply chains, businesses going global is no longer simply an option; it is an increasingly important strategy for Chinese Mainland enterprises to diversify risks, strengthen resilience and pursue new growth opportunities,” said the HKSAR Government’s Secretary for Commerce and Economic Development, Mr Algernon Yau.
A freshly integrated University Zone highlighted Hong Kong universities’ R&D strengths and their capabilities in technology commercialisation across the Belt & Road region, consolidating Hong Kong’s position as an international education hub. The Summit also introduced a debut Dialogue for Future session, promoting think-tank exchanges on “The Belt and Road Initiative and Asia-Pacific Co-operation in a Changing Global Landscape”.
Through the Project Investment Session, Belt and Road Deal-Making, and Exhibition Zones, this year’s event showcased over 300 investment projects, and arranged more than 800 one-on-one deal-making meetings, helping enterprises connect with potential partners.
DUBAI, UAE – Media OutReach Newswire – 11 September 2026 – Corporate lifespans are shrinking as technology accelerates creative destruction. At 33, Vingroup offers a case study in how a conglomerate can keep reinventing itself and take the capabilities built at home into global markets.
“At thirty, one stands firm,” wrote Confucius in the Analects, describing an important stage in a person’s life. For businesses, the idea may be more relevant than ever, although standing firm today can mean something very different: knowing when to change before the market forces the issue, especially as the lifespan of large companies has been falling. In 1958, companies in the S&P 500 was estimated to have an average lifespan of 61 years. By the 2010s, that had fallen to about 18 years. The process of creative destruction is accelerating as technology creates new competitors and new business models.
Why do large companies disappear when they once seemed “too big to fail”? Size can bring capital, scale and resilience, but too much stability can also create inertia. A business that spends too much time protecting what it has built may find that the market has already moved on and that it has failed to move fast enough.
That kind of inertia poses an even greater challenge for conglomerates, which are built to last across generations, yet the industries around them can change within a decade. The answer, increasingly, is reinvention: entering new fields while using the experience, capital and capabilities accumulated in the old ones.
Vingroup, fresh from its 33rd anniversary, offers an interesting example from Vietnam. Its story has evolved from food production and tourism to real estate, hospitality and healthcare, and then now to electric vehicles, green energy and infrastructure.
There are signs that the strategy is gaining recognition. In June, Fortune ranked Vingroup No. 26 among Southeast Asia’s 500 largest companies, up from No. 37 in 2025 and No. 45 in 2024. Just this week, TIME placed Vingroup at No. 340 in its World’s Best Companies 2026 ranking, up 477 places from No. 817 a year earlier. It was the only Vietnamese company to make the list for a second consecutive year. Today, companies across Vingroup’s ecosystem are present in 12 countries and employ around 400,000 people worldwide.
Among them, VinFast is perhaps the clearest example of rapid diversification combined with a global push. Founded in 2017, the electric vehicle maker has become Vietnam’s leading automotive brand by sales and is targeting 300,000 electric cars and 1 million electric motorcycles globally in 2026. From Vietnam, it has expanded into North America, Europe, Asia and the Middle East.
But more than just shipping vehicles, VinFast is also exporting something less visible but equally important: the service capabilities it has developed in Vietnam. By the end of 2025, it had nearly 400 service workshops in Vietnam, while its global network is targeted to exceed 1,100 in 2026, supported by standardized technician training, operating procedures, quality controls and parts delivery targeting 24 hours in key markets.
That makes aftersales more than a support function for international expansion. It is becoming a capability that VinFast can take from Vietnam and adapt to markets abroad, turning the experience built around its domestic network into part of its global offering. The Middle East is one of the markets where that approach is now being put to the test.
At thirty, a person may be expected to stand firm. For a company, longevity may require something else: the ability to keep moving.
DUBAI, UAE, Sept. 11, 2026 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is inviting users to try Bybit AI, an AI assistant built into the Bybit app as an integrated conversational layer, and share their feedback for a chance to win50 USDT.
From now until October 9, 2026, Bybit invites users to ask Bybit AI anything and submit genuine user reviews and suggestions that can inform ongoing improvements. Users who register for the event, try the assistant, and submit detailed accounts of their experience, including what they asked, what happened, and what could be improved, are eligible to receive 50 USDT each. Up to 500 winners will be selected based on the specificity and authenticity of their feedback.
To enhance AI education, Bybit is also hosting a new Bybit Quests challenge from now until September 20, 2026, offering users the opportunity to explore Bybit AI in-depth through educational resources and a short quiz. The top 40 scorers will each receive 25 USDT in bonus rewards.
Officially released on September 9, 2026, Bybit AI allows users to ask questions in plain language, receive instant answers and customer service, and confirm trading actions. The intelligent assistant works around the clock through conversations, and users no longer need to navigate menus or wait for a support agent for generic queries. Bybit AI currently supports account-related queries, such as checking Bybit Card spending or reviewing VIP benefits, managing account settings and notification preferences, while offering market and product intelligence from funding rates to Bybit TradFi listings.
Bybit will continue to refine Bybit AI based on user input as part of its broader effort to integrate AI-empowered customer experience across the platform. To learn more about Bybit AI, users may visit: Introduction to Bybit AI or rewatch a livestream session to see Bybit AI in action.
Bybit Opens the Floor, Inviting Users to Weigh In on Bybit AI
#Bybit / #NewFinancialPlatform
About Bybit
Bybit is The New Financial Platform.
We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.
Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.
Built for everyone. Powered by intelligence. Open to the world.
WARSAW, Poland and ISTANBUL, Sept. 11, 2026 /PRNewswire/ — POWTEK Group (“POWTEK”) showcased its multi-brand product portfolio and manufacturing capabilities at two major European trade shows in September, with KALTEC participating in Heating Tech Expo 2026 in Warsaw, Poland, and MORRTOP and X-CRAFTER exhibiting at Zuchex International Home and Kitchenware Exhibition in Istanbul, Turkey. Through its brands serving different product categories and customer segments, POWTEK engaged with industry professionals, international buyers and potential business partners while strengthening its connections across the European market.
The two exhibitions highlighted POWTEK’s capabilities across diverse sectors. At Heating Tech Expo 2026, KALTEC showcased customized HVAC solutions and R&D tailored for the European market, while MORRTOP and X-CRAFTER presented kitchen appliances at Zuchex 2026 to demonstrate the Group’s manufacturing and development expertise to global buyers.
Founded in 2003, POWTEK is a worldwide leading manufacturer specializing in heating and domestic hot water, alongside smart kitchen appliances. As a trusted, long-term partner to world-renowned brands, POWTEK proudly delivers high-quality solutions to customers in more than 50 countries and regions.
Operating 12 intelligent production lines with an annual capacity of 2 million units, the Group’s new manufacturing base has been completed and put into operation, further expanding its production capabilities and supporting growing demand from international markets. The facilities strictly adhere to international manufacturing protocols, holding full ISO 9001 and ISO 14001 certifications.
KALTEC, a brand of POWTEK Group, has developed a presence in the European HVAC market through its Spanish subsidiary, Kaltec-Confort S.L.U., and its membership in Spain’s HVAC industry association FEGECA. MORRTOP and X-CRAFTER extend the Group’s multi-brand portfolio into the kitchen appliance sector, enabling POWTEK Group to address different market needs through specialized brands and product offerings.
“Europe and international markets have long been important to POWTEK’s business development. Through our brands participating in Heating Tech Expo and Zuchex, we had the opportunity to engage directly with industry professionals, customers and potential partners from different markets,” said Michael Chan, CEO of POWTEK. “By bringing different brands to specialized exhibitions, we aim to demonstrate the Group’s capabilities in product development, R&D and manufacturing while exploring long-term cooperation with more international partners. We are confident in the prospects of the European market and look forward to providing more customers with high-quality manufacturing services.”
BANGKOK, THAILAND – Media OutReach Newswire – 11 September 2026 – Thailand is fast-tracking regulatory approval for $3.66 billion (121 billion baht) in strategic industrial investment. The move is part of a broader overhaul of the national investment regime, aimed at anchoring high-value global supply chains and boosting capital-market listings.
Thailand Board of Investment Meeting
The Thailand Board of Investment (BOI) approved the pivot at a meeting chaired by Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas. It is concentrating resources on advanced manufacturing, technology transfer, and domestic vendor integration, phasing out tax breaks for low-margin operations along the way.
BOI is also changing how it measures success, shifting from application volume to realized outcomes. New strategic indicators will track domestic value added, SME integration into supply chains, high-skill job creation, research and development, technology transfer, capital-market linkages, and realized investment. Operational indicators will track how many approved projects convert into actual investment and how quickly approvals are granted. At the same time, the BOI will integrate its investment promotion tools with the measures and mechanisms of relevant agencies to ensure comprehensive investment support and deliver tangible results.
“Our focus has decisively shifted toward the realized quality and tangible domestic value of every investment committed,” said Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment. “We are deploying targeted, proactive measures for strategic sectors. This will lift national investment to 30% of GDP, drive annual economic growth above 3%, and support Thailand’s push to reach the top 20 in global competitiveness and become a high-income nation within 12 years.”
BOI also cleared its third batch of Thailand FastPass projects: 17 investments from 15 companies worth $3.66 billion (121 billion baht), expected to create more than 14,000 jobs. Electronics and electrical component manufacturers dominated the intake, securing 10 projects valued at $2.54 billion (83.92 billion baht) — nearly 70% of the batch. The remaining seven projects span high-grade processed foods at $735.4 million (24.34 billion baht), pet nutrition at $265.9 million (8.80 billion baht), and precision machinery and automotive parts at $131.8 million (4.36 billion baht).
The addition brings Thailand’s cumulative FastPass portfolio across three intakes to 42 strategic projects worth $10.39 billion (344 billion baht) and 27,000 skilled positions. The mechanism enforces strict Service Level Agreements across state agencies to resolve licensing bottlenecks and speed the transition from application to plant commissioning.
The first two intakes cleared 25 projects from 23 companies worth more than $6.74 billion (223 billion baht), expected to create over 13,000 quality jobs. All 25 have received investment promotion approval, and 19 have been issued investment certificates. Of those, 11 have completed every required permit within the Service Level Agreement window. Projects already in the FastPass pipeline have invested more than $634.4 million (21 billion baht) to date.
Alongside the fast-track mechanism, BOI launched “BOI to IPO” with the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET), targeting high-potential, BOI-promoted companies — particularly in New Economy sectors — to raise capital and expand locally. The SEC has accelerated its IPO approval timeline while SET is easing market-capitalization and track-record requirements for New Economy listings and adding a special track for BOI- and EEC-promoted companies.
Enterprises listed on the SET, the Market for Alternative Investment (mai), or the growth-focused LiVEx board can claim added tax benefits under two tracks: SET-certified “New Economy” companies get up to three additional tax-free years, or a 50% rate cut for five years; other promoted companies get up to two additional tax-free years, or a 50% rate cut for three years.
The proposed framework aims to replicate the path taken by market heavyweights such as Delta Electronics (Thailand) PCL and Cal-Comp Electronics (Thailand) PCL. Both entered Thailand as foreign manufacturers, then listed on the Thai stock exchange to finance large-scale production and local engineering hubs.
“The BOI-to-IPO measure links our investment promotion policy to the capital market,” Mr. Narit said. “It lets companies that have invested and succeeded in Thailand raise capital to expand plants and production lines, invest in technology and R&D, or grow into overseas markets using Thailand as a base. This sustains investment and lets Thai investors take part in high-growth companies, creating long-term value for the Thai economy.”
In separate project rulings, the board cleared $291.2 million (9.64 billion baht) in direct capital applications across three projects. Wind Mahasarakham 1 Co., Ltd. secured approval for a $95.8 million (3.17 billion baht) investment to build a 90-megawatt wind farm in Maha Sarakham province, supplying clean energy to the state grid under the Electricity Generating Authority of Thailand. Precision Plastic Co., Ltd. was granted approval for a $61.4 million (2.03 billion baht) expansion into sterile, aseptic food and beverage packaging production in Ayutthaya province. ShuCan (Thailand) Co., Ltd., a unit of China’s Chengdu-based ShuCan Technology Group, secured approval for a $134.0 million (4.44 billion baht) expansion of its printed circuit board assembly operation, using full-line surface-mount technology to support a key customer relocating production to Thailand. The project is based in the Nong Lalok Industrial Estate in Rayong province.
“Our broader mission is to transition from standard investment facilitation to serving as an active catalyst for structural economic transformation,” Mr. Narit said in closing. “By tying incentives directly to technology sharing, local supplier integration, and advanced manufacturing capabilities, we are ensuring that every project strengthens Thailand’s long-term industrial resilience and competitiveness on the world stage.”
Note: Currency conversions are based on the Bank of Thailand’s average selling rate of approximately 1 USD = 33.1 THB.
The issuer is solely responsible for the content of this announcement.
Thailand Board of Investment (BOI)
Established in 1966, the Office of the Board of Investment (BOI) has promoted value-adding investment from foreign and Thai investors for over 60 years, strengthening national competitiveness and driving Thailand’s shift toward a higher-value economy.
Investment Services Center — PR Section, The Office of the Board of Investment (BOI)
https://www.brandhk.gov.hk/
https://www.linkedin.com/company/brand-hong-kong/
https://x.com/Brand_HK/
https://www.facebook.com/brandhk.isd
https://www.instagram.com/brandhongkong
https://me.vinfast.com/en
https://www.boi.go.th/en/index/
