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Bangkok, government agencies from the Philippines and Thailand signed a three-year agreement to enhance collaboration in creative industries. The partnership aims to strengthen cooperation in design, fashion, digital content, music exchange, and creative city initiatives, marking a milestone in cultural and economic ties.
Deleum Berhad has officially ended its agreement to acquire oil and gas assets from Thailand-based MPC Future, citing undisclosed reasons for the termination. The decision affects regional business expansion plans and signals a shift in corporate strategy as the deal was expected to strengthen Deleum’s international portfolio.
Vertex Ventures CEO Kee Lock Chua says Southeast Asia’s startup scene faces its first true reset after years of cheap capital and inflated valuations. He stresses discipline over hype, citing weak returns, reckless funding, and survival tactics, while noting AI could spark future opportunities despite cyclical downturns.
Thailand is emerging as a confident adopter of artificial intelligence, with ChatGPT usage jumping fourfold, OpenAI reports. At the AI LEAP forum in Bangkok, OpenAI’s Jason Kwon and KBTG’s Ruangroj Poonpol highlighted how Thais are integrating AI into business and daily life, marking strong readiness for the AI era.
Alibaba ($BABA) is strengthening its presence in Thailand’s digital economy, signaling growth opportunities in Southeast Asia. However, its $433.5M Ant Group deal remains unresolved, leaving questions about regulatory approval and future strategies. The move reflects Alibaba’s dual pursuit of regional expansion and global fintech stability.
