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Thailand to pursue new policies to boost, protect digital economy

The government is supporting the use of artificial intelligence to strengthen the agriculture sector and increase exports to China, she added

Thailand, Thailand flag

Thailand stands to benefit from a potential trade war through re-location of investments from China and more exports to the United States, Commerce Minister Pichai Naripthaphan has said previously | Photo: Unsplash.com

Reuters BANGKOK

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Thailand is pursuing new digital policies to handle emerging security threats including the impacts of US-China rivalry on the economy and technology, its prime minister said on Friday. 
"We will accelerate policies so that the digital economy makes up 30 per cent of GDP by 2030," Paetongtarn Shinawatra said in an address at the country's National Defence College, adding this would also enhance cyber security. 
The government is supporting the use of artificial intelligence to strengthen the agriculture sector and increase exports to China, she added. 
Thailand stands to benefit from a potential trade war through re-location of investments from China and more exports to the United States, Commerce Minister Pichai Naripthaphan has said previously. 
 
Global tech companies have also been ramping up investments into Southeast Asia, particularly in Malaysia, Vietnam, Singapore and Thailand, as they vie for a greater presence in the region of 670 million, including a growing young and tech-savvy population. 
Thailand has drawn in billions of dollars of investments in the tech sector, including a regional data centre for Microsoft and a $1 billion investment from Google in a data centre and cloud infrastructure. 
The cloud computing unit of Amazon.com has said it would invest $5 billion in Thailand over 15 years. 
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
 

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First Published: Nov 08 2024 | 2:01 PM IST

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