News

Recently, Thailand amended tax laws to encourage mangrove restoration, with plans to exempt land taxes on green area, such as mangrove forests, starting in 2025.

Japan's two major automakers, Honda and Nissan, confirmed they are considering a merger. Soon after, reports emerged that Foxconn is interested in acquiring Nissan, aiming to bolster its brand in the electric vehicle sector.

To expand the development of electric vehicles (EVs), the Thai government has passed a new tax system aimed at hybrid electric vehicles (HEVs) and mild hybrid electric vehicles (MHEVs), offering conditional excise tax reductions for manufacturers.

The Thai Ministry of Finance is set to propose a carbon tax measure on Dec. 11 for cabinet approval, aiming to enhance the country’s efforts in reducing greenhouse gas emissions.

Hylife Group in Thailand is making a strong push to reduce carbon emissions with a major investment of over THB 400 million (about USD 11.6 million) to establish its first sustainable factory for Hylife Global Foods.

Thailand's weak automotive market may hinder the development of electric vehicles (EVs). After revising its car production targets for the year, the Federation of Thai Industries (FTI) has also lowered its forecast for new EV registrations.

To mitigate the impact of intermittent wind and solar power generation, the Electricity Generating Authority of Thailand (EGAT) plans to invest 90 billion Thai baht (approximately 2.6 billion USD) in expanding pumped-storage hydropower plants at three dam

Thailand's PTT and Bangchak are investing in Sustainable Aviation Fuel (SAF), with plans to launch biofuels next year to tap into the green transportation market.

Thailand's Central Group is intensifying its sustainability initiatives in Vietnam. This includes the expansion of rooftop solar installations and efforts to reduce energy consumption, aimed at mitigating the impact of Vietnam's unstable power supply.

Meranti, a steel manufacturer headquartered in Singapore, pledges to build Southeast Asia's first green flat steel plant in Thailand. The company plans to use hydrogen to replace coal in its operations, coupled with electric arc furnace technology powered