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China Moutai Unveils Cinematic Tribute to Chinese New Year and Cultural Heritage

GUIZHOU, China, Jan. 29, 2025 /PRNewswire/ — Here’s a report from Discover Guizhou: As the Chinese New Year approaches, China Moutai has released a celebratory film to rejoice in the Chinese New Year with friends around the globe. This film embodies the traditional Chinese understanding of the four seasons—spring, summer, autumn, and winter—and incorporates the philosophy of following the natural order and continuously striving for excellence.

China Moutai Unveils Cinematic Tribute to Chinese New Year and Cultural Heritage

Let us together, through this magnificent film, experience the allure of the Chinese New Year!

China Moutai wish you a happy Chinese New Year!

Here are the key highlights from the film:

Spring brings new lives.

Lives thrive in summer.

Autumn gives prolific harvest.

And in winter we rejuvenate.

We feel the pulse of the grand earth,

We pursue excellence in ourselves.

Only through the vicissitudes of time,

Will we attain lasting achievements.

In the year to come, let’s start a new journey together!

China Moutai wish you a happy Chinese New Year!

FlatFrog reveals range of new innovations at ISE 2025

FlatFrog will demonstrate the TeamTablet Flex at Integrated Systems Europe (ISE) 2025 along with its ecosystem partners. At the show, we will reveal the next generation Flex built for non-touch displays. In addition, we are launching advanced touchscreen platforms including a 27″ OLED touch monitor for personal video meetings, digital signage, automotive and industrial applications.

LUND, Sweden, Jan. 29, 2025 /PRNewswire/ — FlatFrog is thrilled to unveil the next wave of innovation, enabling enterprises to supercharge their meeting rooms with TeamTablet™ Flex appliances and next generation touchscreen solutions with their partners including Dell, Sharp, Logitech, HP Poly, Jabra, TCL, KTC, HiteVision, CVTE and Lango.

  1. Flex your meeting™ with TeamTablet™ Flex: The Flex solution from FlatFrog, offers unparalleled flexibility to extend collaboration use cases in team meetings, allowing companies to maximize the return on investment of their meeting room equipment using existing touch or non-touch front of room display
    • Run any video meeting: Fully compliant with existing Teams Rooms, Zoom Rooms, Meet, Webex or any other video conference appliance.
    • Use with any digital whiteboard: Use Miro, Microsoft Whiteboard or use built-in local FlatFrog whiteboard, it feels just like using a tablet.
    • Wireless presentation with inking: Share PowerPoint wirelessly, and easily annotate a presentation wirelessly on the touch display, with no latency.
    • Secure: Designed to be fully secure and private including ability to air-gap so data does not leave premise. User can manage their deployment and usage statistics.
  2. InGlass™ touch innovations: InGlass touch is the market leader for corporate touchscreen solutions with premier OEMs like Dell, Samsung, Sharp, Google, Clevertouch and others. At ISE 2025 FlatFrog will release further innovations with the launch of the M6 and M5L touch platforms. These platforms can also be used outside of meeting rooms for automotive, medical, and industrial applications.
    • M6 Premium touch: This represents a premium touch solution with unparalleled performance and natural handwriting with the best-in-class FlatFrog quality that OEMs have come to rely on. This solution provides industrial design with flush ID and thin and light chassis. It can be provided with or without cover glass. M6 is now available in sizes from 21-86″. FlatFrog is revealing a 27″ OLED and 65″ LCD touch at the show, designed with the M6 platform.
    • M5L Mainstream touch: For high volume budget conscious OEMs, FlatFrog is introducing M5L which is a cost down of their M5 platform.

Come meet with FlatFrog at ISE 2025, from 4-7 February, at booth 2S400 to experience TeamTablet™ Flex and the latest touchscreen platforms.

About FlatFrog

FlatFrog is the market leader in interactive meeting solutions, with high-performance TeamTablet™ appliances for both in-room, hybrid and virtual meetings and patented InGlass™ touch displays. FlatFrog has designed its award winning, InGlass™ touch display technology from the ground up, providing the best pen and touch input to mimic the intuitive feeling of a dry-erase board. FlatFrog is headquartered in Lund, Sweden, with locations in the U.S., Taiwan, China and South Korea. For more information, please visit www.flatfrog.com

For more information, contact:
Noemi Kubiak

VP Marketing
+46 765 200727
noemi.kubiak@flatfrog.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/flatfrog-laboratories-ab/r/flatfrog-reveals-range-of-new-innovations-at-ise-2025,c4097566

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Asia Book of Records Honors Cipla (Emerging Markets & Europe business unit) for Record-Breaking Doctor engagement on COPD Awareness Initiative

Cipla’s (EMEU BU) ‘Take Charge – I Pledge’ campaign engaged 4,350 doctors across six countries, setting a new benchmark in raising COPD awareness.

MUMBAI, India, Jan. 29, 2025 /PRNewswire/ — Cipla Limited (BSE: 500087) (NSE: CIPLA EQ) referred to as “Cipla” today announced that its Emerging Markets & Europe Business Unit (EMEU BU) has achieved a new milestone by being recognized in the Asia Book of Records. During COPD Awareness Month, Cipla successfully engaged 4,350 doctors from Nepal, Myanmar, Sri Lanka, Malaysia, Oman, and the UAE in a pledge campaign to raise awareness about Chronic Obstructive Pulmonary Disease (COPD). The initiative, titled ‘Take Charge – I Pledge,’ aimed to foster meaningful dialogue between healthcare professionals, patients, and caregivers, reinforcing Cipla’s commitment to respiratory disease awareness.

This achievement has been recognised by the Asia Book of Records for engaging the largest number of doctors in a COPD awareness campaign during COPD Awareness Month.

Commenting on this recognition, Swapn Malpani, CEO – Cipla EMEU said, “COPD is recognized as a progressive lung condition and ranks as the fourth leading cause of death worldwide. In 2021, it accounted for about 3.5 million deaths, which is roughly 5% of all deaths globally. By encouraging doctors to participate in the ‘Take Charge – I Pledge’ campaign, our aim was to highlight the significance of timely diagnosis and effective management in enhancing long-term health outcomes. The campaign aimed to strengthen the doctor-patient relationship by promoting open dialogue, which can result in better understanding and improved care for those living with COPD.”

About Cipla

Established in 1935, Cipla is a global pharmaceutical company focused on agile and sustainable growth, complex generics, and deepening portfolio in our home markets of India, South Africa, North America, and key regulated and emerging markets. Our strengths in the respiratory, anti-retroviral, urology, cardiology, anti-infective and CNS segments are well-known. Our 46 manufacturing sites around the world produce 50+ dosage forms and 1,500+ products using cutting-edge technology platforms to cater to our 80+ markets. Cipla is ranked 3rd largest in pharma in India (IQVIA MAT Dec’24), Largest in the pharma prescription market in South Africa (IQVIA MAT Nov’24), and 4th largest by prescription in the US Gx (Repulses + MDI) products (IQVIA MAT Nov’24). For more, please visit www.cipla.com, or click on TwitterFacebookLinkedIn.

Media Contact:
Investor Relations   
E-mail: Investor.Relations@cipla.com      

 

Spielwarenmesse recognises outstanding innovations with highly coveted ToyAward

  • Prizewinning toys in six product categories
  • All finalists on display at ToyAward stand in Hall 3A

NUREMBERG, Germany, Jan. 29, 2025 /PRNewswire/ — Day 2 of the Spielwarenmesse started off in celebratory mood as six particularly innovative product ideas were honoured with the highly coveted ToyAward on the Wednesday of the fair. In the Baby & Infant segment, first place was taken by Geomag Magicube Blocks Stacking Safari from Geomagworld. Buitenspeel/BS Toys won the PreSchool category with its 3 Shape Memo game, while RC Football Set – Bundesliga from Carrera Toys took first place in the SchoolKids category. Abfun came out top in the Teenager & Adults segment with its Moon Acrylic Jigsaw Puzzle. The sound box Qubitunes from Qubs took the prize in the Startup section. Finally, Plan Creations/PlanToys won in the Sustainability category with Wave Stacker.

These are the lucky winners of the ToyAward at the Spielwarenmesse 2025.
These are the lucky winners of the ToyAward at the Spielwarenmesse 2025.

This year’s prizewinners were selected by a 14-member international jury which included experts from the fields of retail, industry, market research, toy safety, sustainability and education. Jury members evaluated the new products entered for the prize according to the criteria of originality, safety, play enjoyment, potential for commercial success, comprehensibility of the product concept, production and quality. Exhibitors had submitted a total of 629 innovations for the Spielwarenmesse ToyAward. The prize is one of the toy industry’s most important awards and enjoys global recognition by toy retailers as a seal of quality. All of the finalists can be viewed during the Spielwarenmesse at the dedicated ToyAward Special Area in Hall 3A. Overview of the winners:

Category: Baby & Infant (0-3 years)
Geomag Magicube Blocks Stacking Safari, Geomagworld

With magical magnetic power, the ten-piece Geomag Magicube Blocks Stacking Safari set will inspire even the youngest builders. The magnetic building blocks consist of five cubes with colourful animal motifs, including an elephant, a lion, a hippo, a crocodile and a zebra. Five hemispheres increase the difficulty and develop dexterity when stacking. The jury’s judgement: “A cute, beautiful baby toy that does without technology or plush.”

Category: PreSchool (3-6 years)
3 Shape Memo, Buitenspeel/BS Toys

The innovative 3 Shape Memo game consists of easy-to-grip cards of different shapes and colours. If you place three inside each other, the result is a unique combination. All the cards are laid out face down so that the players still have to find the pair for the figure placed. Simple 3D shapes are turned into a complex game idea that teaches hand-eye coordination and strategic thinking. “This is a great, completely new memory game that awakens children’s ambition”, according to the jury members.

Category: SchoolKids (6-10 years)
RC Football Set – Bundesliga, Carrera Toys

Soccer meets remote-controlled cars: The RC Football Set brings the soccer feeling into the home. Two players use their remote-controlled cars to push a miniature soccer ball into the opponent’s goal within a set-up field. Each car can be decorated with the logo of your favourite club. The jury commented in its summary: “The successful combination of soccer and remote-controlled racing car, the attractive price and long-lasting fun promise the perfect family competition.”

Category: Teenager & Adults (10+ years)
Moon Acrylic Jigsaw Puzzle, Abfun

The Moon Acrylic Jigsaw Puzzle from Abfun is a tricky challenge for all puzzle lovers. A breathtaking depiction of the moon is created from 50 subtle acrylic pieces. Some of the puzzle pieces have special shapes. Among them is a small star, a telescope and Saturn with its characteristic moons. “The puzzle is unique, creative and can even be used as a decoration after solving it”, enthuses the expert jury.

Category: Startup
Qubitunes, Qubs

The round Qubitunes sound box transforms into an interactive audio adventure with matching figures. Whether conducting their own orchestra or discovering numbers, the box promotes children’s listening and creativity through play. Each of the lovingly designed cassettes opens up a new thematic world. “This versatile toy can easily be extended and appeals to kinaesthetic and auditory learners”, emphasises the jury in its conclusion.

Category: Sustainability
Wave Stacker, Plan Creations/PlanToys

The beautifully shaped Wave Stacker building block game has an appealing colour scheme and an unusual wave design. The special wave shape makes the blocks easy to grip, so that they fit perfectly in the hands of small children. The building blocks are made from a special wood compound and consist of rubber-tree wood chips, organic water-based pigments and harmless, formaldehyde-free glue. The jury members regard this as “a well-integrated application of waste management”.

Spielwarenmesse®

The world’s leading event for the sector – that’s the Spielwarenmesse®. At this B2B event, key players as well as startups present their innovations and trends to retailers from all over the globe, live in Nuremberg. Alongside the extensive range of products, participants also gain a wealth of inspiration for day-to-day business together with valuable knowledge and useful guidance on the market, at what is for them the most significant industry gathering. The event is complemented by year-round coverage of themes, analyses and insights from the multifunctional platform Spielwarenmesse® Digital and the e-journal ‘Spirit of Play’. Since 2013, the term Spielwarenmesse® has been a protected word mark in Germany.

Fair date: Spielwarenmesse®, Tuesday to Saturday, 28 Jan – 1 Feb 2025

 

 

 

Foreign Students in Chengdu Visit the Inaugural “Nihao Chengdu” Global Salon

CHENGDU, China, Jan. 29, 2025 /PRNewswire/ — In celebration of the upcoming Spring Festival, marking the first since it was inscribed on the Representative List of UNESCO’s Intangible Cultural Heritage of Humanity, GoChengdu invited folk culture experts and international students in Chengdu to visit a Haidilao hotpot restaurant. As the first partner of the “Nihao Chengdu” Global Salon, Haidilao offered a genuine taste of Chengdu’s festive flavors. During the event, journalists connected with guests in Singapore and Malaysia to discuss the upcoming Year of the Snake.

In December 2024, the Spring Festival’s successful inclusion on the Intangible Cultural Heritage list marked the recognition of this beloved Chinese tradition as a cultural treasure for all of humanity—celebrated and cherished by people of diverse races and cultures. A foreign student in Chengdu shared with reporters, “I deeply appreciate the spirit of reunion and happiness that the Spring Festival represents. Regardless of where we are, the desire for love and togetherness is universal.”

Video – https://www.youtube.com/watch?v=YmFB1GutjpY

U Power and Ezzy Transporter Establish Joint Venture to Bring UOTTA Battery-Swapping Solutions to Thailand

Joint venture will facilitate customized production and sales of battery swapping vehicles to take advantage of Thailand’s booming EV market

SHANGHAI, Jan. 29, 2025 /PRNewswire/ — U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it has signed a cooperation agreement with Ezzy Transporter (Thailand) Company Limited (“Ezzy Transporter”) to establish Greendrive Tech Co. Ltd., (“Greendrive” or the “Joint Venture”), a joint venture company dedicated to the market expansion and sale of electric vehicles in Thailand. Per the agreement, Greendrive will work to integrate U Power’s innovative UOTTA battery-swapping technology into a diverse fleet of custom vehicles in Thailand, including taxis, ride-sharing vehicles, and multipurpose pickup trucks.

The Joint Venture will have a strategic focus on three core areas. First, it will specialize in customizing battery-swapping electric vehicles to meet specific customer requirements. Second, it will develop and implement comprehensive market strategies for the battery-swapping ecosystem within the taxi and ride-sharing sectors, including vehicle sales, battery-swapping station operations, and end-of-life vehicle recycling programs. Third, the Joint Venture will lead marketing initiatives for battery-swapping pickup trucks while establishing and expanding a robust dealer network within Thailand. These complementary business segments will position Greendrive to deliver integrated solutions across the electric vehicle value chain.

Greendrive’s initial production run, scheduled for completion in 2025, will deliver 2,000 custom-built taxis and multipurpose pickup trucks equipped with UOTTA technology. Going forward, U Power plans to collaborate with other strategic partners to invest in UOTTA battery swapping stations in Thailand, fully promoting the commercial operation of the UOTTA battery swapping model in the country. The Company’s efforts will take advantage of the significant transition towards electric vehicles which is expected to occur in Thailand over the next several years.

“As a Nasdaq-listed company, U Power has demonstrated exceptional innovation and reach with its UOTTA battery-swapping technology, offering an integrated vehicle and infrastructure solution perfectly suited for Thailand’s unique market needs,” said Wasan Pornpaisansak, Director of Ezzy Transporter. “With the total number of taxis and ride hailing services in Thailand exceeding 300,000 vehicles, and projections indicating that 50% of these will transition to electric vehicles in the next five years, we are looking at a huge market potential. However, the current charging infrastructure, primarily consisting of AC slow-charging stations, faces significant challenges including uneven distribution, parking space misuse, and reliability issues. These limitations severely impact the operational efficiency of commercial passenger and freight vehicles. We believe battery-swapping technology is the breakthrough solution to these challenges, and our partnership with U Power will significantly strengthen our position in Thailand’s evolving electric vehicle landscape.”

“We believe that Thailand represents a strategic cornerstone of U Power’s global expansion,” said Li Jia, Chairman and CEO of U Power. “Our deep-rooted connections in the region, including our relationship with Xie Zhan of CP Group, have created a strong foundation for growth. Our partnership with Ezzy Transporter validates the increasing recognition of UOTTA’s battery-swapping technology in the Thai market. Through our joint venture, we plan to deploy our universal battery-swapping stations and deliver customized electric vehicles across multiple segments, including taxis, ride-sharing services, and pickup trucks.”

“With Thailand’s EV3.5 policy expected to drive 30-40% annual growth in electric vehicle adoption, we are perfectly positioned to address a critical market challenge,” Jia continued. “The country’s current infrastructure cannot adequately support the charging demands of commercial vehicles requiring multiple daily charges. Battery-swapping technology emerges as the most cost-effective and practical solution. We are confident this joint venture will generate significant interest in Thailand, and we are optimistic about the impact it will have on our business.”

About U Power Limited

U Power Limited is a vehicle sourcing services provider, with a vision to becoming an EV market player primarily focused on its proprietary battery-swapping technology, or UOTTA technology, which is an intelligent modular battery-swapping technology designed to provide a comprehensive battery power solution for EVs. Since its operation in 2013, the Company has established a vehicle sourcing network in China’s lower-tier cities. The Company has developed two types of battery-swapping stations for compatible EVs and is operating one manufacturing factory in Zibo City, Shandong Province, China. For more information, please visit the Company’s website: http://ir.upincar.com/.

Forward-Looking Statements

This press release contains “forward-looking statements”. Forward-looking statements reflect the Company’s current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

Contact
U Power Limited
Investor Relations Department
Email: ir@upincar.com

Robin Yang, Partner
ICR, LLC
Email: UPower.IR@icrinc.com
Phone: +1 (212) 475-0415

Infosys and Siemens AG to Accelerate Digital Learning with Generative AI

Collaboration provides lifelong learners at Siemens with new and personalized learning experiences

BENGALURU, India, Jan. 29, 2025 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the expansion of its collaboration with Siemens AG, a leading technology company, to accelerate its digital learning initiatives with generative AI. The collaboration aims to provide over 250,000 Siemens’ people globally with upskilling opportunities, and a personalized learning and growth experience. As part of the collaboration, Siemens’ My Learning World, a digital learning platform that is accessible from anywhere anytime, will leverage Infosys Topaz, an AI-first offering using generative AI technologies, and Infosys Wingspan, an AI-powered next-gen enterprise learning experience platform.

Some of the salient features of the improved platform include: an AI-powered knowledge assistant, which acts as a learning companion and provides instant answers and personalized recommendations for the user. The platform also has an AI-assisted content authoring feature that generates tailored content in multiple languages. An AI chatbot assists learners in real-time – navigating courses, explaining complex concepts, and leads them to additional study resources if needed. There’s also a virtual tutor that streamlines content with features like summary generation, content translation, and learning style selection.

Jenny Lin, Global Head of Learning & Growth at Siemens AG, said, “A thriving learning and growth environment is essential for Siemens to maintain our competitive edge and foster innovation. By providing our people with the tools, resources, and support they need to continuously develop their skills, we empower our people to meet the challenges of the future. Infosys’ expertise in digital transformation and AI is very valuable in creating a more engaging and effective learning experience for everyone. By leveraging GenAI on Siemens’ digital learning platform we can foster a culture of lifelong learning and empower our teams to reach their full potential.”

Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys, said, “Generative AI is a game-changer in the world of learning and development. By harnessing the power of AI, organizations can create personalized, engaging, and effective learning experiences that drive development and innovation. Our collaboration with Siemens to help integrate Infosys Wingspan’s generative AI capabilities, powered by Infosys Topaz, into My Learning World is a testament to Siemens’ commitment to providing their people with the best possible learning and growth opportunities. Our platform’s unique features, tailored to Siemens’ specific context, will empower their people to learn and upskill more effectively, develop at their own pace, and contribute more meaningfully to the organization’s success.”

The long-standing collaboration between Siemens and Infosys Wingspan has resulted in a robust and engaging platform for learners. By combining Siemens’ deep understanding of its learners’ needs with Infosys Wingspan’s latest learning technologies, the platform is poised to deliver exceptional upskilling opportunities. Currently, the Siemens My Learning World platform has 216,000 active users who can access over 178,000 learning materials. The digital learning platform is also available to people working in Siemens’ factories, with 27,000 people on the shopfloor already leveraging its resources. Additionally, 65,000 users are actively utilizing the My Skills feature of the platform for skill-based learning. My Skills is an innovative skill-based framework that empowers employees to take charge of their professional development. By identifying skill gaps and recommending relevant courses, My Skills helps individuals align their learning with organizational goals. Through personalized learning paths, self-assessment, and peer endorsements, employees can unlock their full potential and drive business success. In addition, a new customer-facing platform based on Wingspan is being developed together with Infosys, which includes over 300 different technical courses, for around 50,000 external participants worldwide, among them, system integrators in the Siemens ecosystem.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

Logo: https://laotiantimes.com/wp-content/uploads/2025/01/infosys_logo-3.jpg

 

Thailand BOI Approves Investments Worth A Total of US$5 Billion, Including TikTok’s Data Hosting Project; Green Lights Revised Incentives for the Bioeconomy

BANGKOK, Jan. 29, 2025 /PRNewswire/ — The Thailand Board of Investment (BOI) today approved investment privileges for projects worth a combined 170.5 billion baht (ca. US$5 Billion) in value, including a digital infrastructure project by leading global video content platform TikTok. The board also approved revised promotion measures for the bioeconomy, such as promotion of Sustainable Aviation Fuel (SAF) and Mixed SAF.

The Thailand Board of Investment (BOI), at a meeting chaired today by Deputy Prime Minister Pichai Chunhavajira, granted promotion benefits to a total of 170.5 billion baht (US$5 Billion) in investments, including a 126.8 billion baht data hosting project by TikTok, and a 3.25 billion baht cloud services project by Siam AI. The board also approved investment incentives for the production of Sustainable Aviation Fuel (SAF).
The Thailand Board of Investment (BOI), at a meeting chaired today by Deputy Prime Minister Pichai Chunhavajira, granted promotion benefits to a total of 170.5 billion baht (US$5 Billion) in investments, including a 126.8 billion baht data hosting project by TikTok, and a 3.25 billion baht cloud services project by Siam AI. The board also approved investment incentives for the production of Sustainable Aviation Fuel (SAF).

TikTok Pte. Ltd., the Singapore-based unit of the Chinese company, received approval for a 126.8 billion baht investment in data hosting services to support the activities of affiliated companies, with operations expected to start in 2026. TikTok has over 1 billion users around the world.

Projects approved today by the board also include a 3.25 billion baht investment by Siam AI Corporation, a Thai company, in cloud services focusing on artificial intelligence applications.

“TikTok’s and Siam AI’s investments mark a significant step in enhancing Thailand’s digital and AI infrastructure and supporting the national goal of becoming a digital innovation hub in ASEAN,” Mr. Narit Therdsteerasukdi, Secretary General of the BOI, said after the meeting, chaired by Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance.

TikTok’s investment follows the setup in Thailand of a string of large data centers and cloud services projects by companies such as Amazon Web Services and Google (Alphabet) from the U.S., Australia’s NextDC, India’s CtrlS Datacenters, and Singapore-based GDS IDC Services PTE Ltd.

Thailand’s total applications for investment promotion in 2024 soared 35% in value to a 10-year high of 1.14 trillion baht, led by the digital sector, mainly large foreign direct investment (FDI) projects in data centers and cloud services.

Incentives for Sustainable Aviation Fuel Production

In line with the BOI’s existing policies to promote Thailand as a bioeconomy hub and to stimulate investment that add value to agricultural raw materials and agricultural waste, the Board approved granting investment promotion privileges to the production of Sustainable Aviation Fuel (SAF) and Mixed SAF, a ready to use fuel which mixes pure bio SAF with fossil jet fuel to meet industry sustainability requirements and allows use of the mixed fuel without engine modification.

For more information, please contact:
Thailand Board of Investment
Tel. +66 (0) 2553 8111
Website: www.boi.go.th
YouTube: Think Asia, Invest Thailand