Chevron is committed to supporting Thailand's energy security. We work tirelessly 24/7 to be a force driving the progress of the country.
For over 60 years,
we have a vital role to play in meeting growing demand for affordable, reliable, and ever-cleaner energy, which continues to enable human progress. We are the human energy company.
Thailand’s
ISSN-T-A
Global Minimum Tax – Perspective from MNC Industry Leader
AI & The Connected Vehicle – Future Trends and Impact on the Thai Auto Industry
Circular Water & Resource Recovery Solutions for Thailand Industry 4.0
AMCHAM, BCCT, & Grant Thornton Conference: Courageous Leadership in the Age of AI
Member Luncheon: Meet the Board Candidates
Corporate Innovation Summit
Exploring the ‘G’ in ESG
Governors’ Table @ JW Marriott Bangkok
Navigating the Path SMEs Driving Thailand Aerospace Growth in the EEC
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AMCHAM BOARD OF GOVERNORS 2024
PRESIDENT
Ornkanya (Mook) Pibuldham, Bank of America N.A.
VICE PRESIDENTS
Wiyada Srinaganand, 3M Thailand
Chatit Huayhongtong, Chevron
Peerasak Gamonsugosol, Honeywell Systems
Charles Blocker, IC Partners
TREASURER
Simon Denye, Harmless Harvest
SECRETARY
Eliot Delunas, Nitro Labs
GOVERNORS
Lena Ng, Amata Corporation PCL
Narumon Chivangkur, Citibank
Ravi Bordia, Kenvue
Asama (Prae) Dumrongmongcolgul, Meta
Ririnda Tangtatswas, Minor International
John Evans, Tractus
BOARD ADVISORS
David Lyman, Tilleke & Gibbins
AMCHAM President in 1975, 1986
EXECUTIVE DIRECTOR
Heidi Gallant
T-AB Magazine is a publication by The American Chamber of Commerce in Thailand.
101 True Digital Park, Griffin Building, Level 12A, Unit No.12A-06, Sukhumvit Road, Bangchak, Phra Khanong, Bangkok 10260
Tel: +66 (0)2 119 3350 www.amchamthailand.com
Editorial Advisory Board: Heidi Gallant
Editorial Team:
Varsha Wadhwani
Any opinions expressed in articles in this magazine do not necessarily reflect the views of the Chamber.
T-AB Magazine welcomes contributions from AMCHAM members. Articles may be reproduced with acknowledgement, except those taken from other sources.
Dear Members,
I’m excited to share some important updates and opportunities with you!
First, I am delighted to announce an exclusive member luncheon with
Prime Minister Paetongtarn Shinawatra on December 9th. We look forward to hearing from the Prime Minister and are prepared to work closely with her administration to foster a robust business environment in the Kingdom. Please register here to secure your spot.
Over the last couple of months, we have held roundtables with the Revenue Department, the Customs Department, the Ministry of Energy and the Ministry of Foreign Affairs as well as with the U.S. Department of Commerce and the Office of the US Trade Representative. Our councils continue to produce papers and recommendation letters on advocacy issues important to AMCHAM members and meeting summaries can be found in the Member Information Center.
I would like to thank members who participated in our ChariTEE Golf Tournament, which raised over half a million baht for the AMCHAM Thailand Foundation (ATF) scholarship program. The 2024 cohort of 36 new students who will receive our scholarships has been announced, and you can also see the 56 students continuing their studies with AMCHAM support. Please join me in congratulating our new and continuing scholars!
This amazing work is possible thanks to our dedicated volunteer Committee and Council leaders, and I’d like to thank them for their generous commitment of time and expertise. Our AMCHAM leadership is an exceptional group of executives, and it is a privilege to work alongside them. For those of you interested in engaging more actively in the work of AMCHAM, we have just launched our call for interest in 2025 Committee & Council Leadership here. This form will close on October 30, to allow the Board time to consider candidates before formally approving the slate at their December Board Meeting.
Sincerely,
Heidi Gallant Executive Director
By Frank Timmons, Tractus Thailand
The growth in air passenger traffic in Thailand, coupled with the potential for future growth following the pandemic, makes Thailand an attractive destination for commercial aircraft maintenance and manufacturing industries.
Thailand annual airport passenger volume peaked at 143 million in 2019. The Covid-19 pandemic disrupted both domestic and international passenger volumes, but a strong recovery is underway, with the passenger volume reaching 105 million in 2023.
Annual Volume of Airport Passengers in Thailand |
Source: Statista 2023
Commercial freight and mail services in Thailand have remained mostly stable, fluctuating between 1.2 to 1.4 million metric tons per year over the past decade, peaking at 1.64 million metric tons in 2018.
Thailand Commercial Airfreight and Mail Services |
Source: Statista 2023
The total number of commercial aircraft movements in Thailand peaked at 667,730 in 2023 showing a robust post-Covid recovery since 2021.
Thailand Commercial Aircraft Annual Movements |
Source: Statista 2023
Global passenger air traffic has doubled every 15 years since the early 1980s. The International Air Transport Association (IATA) has recently forecasted an average annual growth of 3.8% in global passenger traffic and 4.1% in the Asia Pacific region over the next 20 years. By 2034, Asia-Pacific is expected to account for 42% of global passenger air traffic, solidifying the region’s position as the center of global air travel and attracting international aerospace companies.
Air Passenger Traffic Percentage of Total Flows | Source: MEGATech
Thailand’s aerospace market peaked in 2019 at 2.2 billion U.S. dollars, according to data from the Customs Department. The market contracted to 1.3 billion U.S. dollars in 2021 during the depths of the pandemic, but slowly returning with the market expected to reach to 1.8 billion U.S. dollars in 2023.
Thailand’s Aviation – Aircraft and Parts (Millions USD)
Source: Customs Department, Thailand’s Ministry of Finance
In 2017, Thailand graduated 33,857 engineering students, 23,873 other science and technology students, and 2,512 students specializing in aviation and aviation management, according to the Office of Higher Education Commission. Seven leading Thai universities offer specific courses in aerospace maintenance.
Thailand Maintenance, Repair, and Overhaul (MRO) Demand
Thailand’s share of global passenger traffic is steadily increasing. By 2040, the Airports Council International forecasts that Thailand will rank ninth in global air passenger traffic. In 2018, global
aviation MRO spending reached 77 billion U.S. dollars, with the Asia-Pacific region accounting for the largest share at 22 billion U. S. dollars.
Global MRO spending is expected to increase at a compound annual growth rate (CAGR) of 4.0% through 2028, whereas Asia-Pacific MRO spending is expected to grow at the highest rate, 6.5% CAGR.
Thailand’s MRO services demand was 974 million U.S. dollars in 2017 and is forecast to grow at 5.4% CAGR to 2.95 billion U.S. dollars by 2037, driven by the increase in aircraft in Thailand from 314 to 811.
Aerospace components represent the highest share of MRO spending at 41%, followed by engine maintenance at 28%, line maintenance at 16%, airframe heavy maintenance at 8%, and modifications at 7%.
Thailand has long been called the “Detroit of the East” for its well-developed automotive manufacturing industry and continues to attract industrial foreign direct investment. Competitive wages, world-class logistics infrastructure— particularly in the Eastern Economic Corridor—and a diverse range of experienced industrial suppliers make Thailand well-positioned to leverage its industrial prowess to support a healthy, dynamic, and successful aerospace components and services market.
Frank Timmons is a Senior Manager at Tractus Thailand, bringing over two decades of leadership experience in industrial manufacturing and corporate finance.
By Richard Jackson, JacksonGrant
Thailand’s manufacturing sector is not just growing but thriving in a way that captures global attention. Imagine a market ripe with opportunities, innovation at every turn, and a resilience that is as inspiring as it is strategic.
Unveiling Thailand’s Manufacturing Powerhouse
With industries spanning from electronics and automotive to food processing and textiles, Thailand’s vibrant economy is a beacon of progress and potential. According to the Thailand Board of Investment, the manufacturing sector contributes significantly to the country’s GDP, with industries like automotive and electronics driving this growth. As of 2024, Thailand’s projected GDP growth rate is 2.6%, supported by strong manufacturing output. Thailand’s manufacturing strength is underpinned by a skilled workforce and robust infrastructure, making it an attractive destination for investors seeking both stability and growth.
The key to Thailand’s manufacturing success lies in a combination of government incentives, a
skilled workforce, and a strategic location. The Thailand Board of Investment offers various investment promotion measures to attract foreign investors, including tax incentives, import duty exemptions, and streamlined processes. These incentives are complemented by Thailand’s strategic location in Southeast Asia, providing easy access to regional and global markets via wellestablished transportation networks, including ports and airports. Additionally, Thailand’s free trade agreements with various countries boost its competitiveness as an export-driven manufacturing hub.
Thailand’s dynamic manufacturing landscape, particularly in the Eastern Economic Corridor (EEC), is filled with opportunities. This visionary project focused on developing Thailand’s eastern provinces offers unparalleled access to trade routes, state-of-the-art infrastructure, and investment incentives. The EEC has attracted 1.96 trillion baht in foreign direct investment as of 2023, emphasizing high-technology industries like aerospace, biofuels, and digital innovation, along with sustainable energy solutions. With
significant investments in infrastructure, research and development, and human capital, the EEC continues to position Thailand at the forefront of manufacturing innovation in the region.
Thailand’s export performance in 2024 reflects its manufacturing strength. Overall, exports grew by 6.8%, with significant gains in high-value industries such as automobiles, electronics, and electrical equipment. For example, exports of automobiles and related parts surged by 25.6%. This robust export growth solidifies Thailand’s role as a critical player in global supply chains.
While Thailand’s manufacturing sector has seen success, it faces challenges, including navigating local regulations, labor shortages, and growing competition from neighboring countries. However, these challenges present opportunities for growth, innovation, and collaboration. By leveraging Thailand’s strengths in technology, innovation, and adaptability, businesses can overcome these challenges and succeed in the global marketplace.
Thailand’s manufacturing success relies on a skilled workforce, yet labor shortages remain a significant challenge in key sectors. With the unemployment rate at just 1.1% as of April 2024, the labor market is exceptionally tight. To address this, the government is focusing on expanding technical and vocational training, particularly in high-tech manufacturing, to upskill the workforce and meet industry demands. Thailand’s strong culture of collaboration and teamwork fosters an ideal environment for knowledge sharing and skill development, driving innovation across industries.
A notable example of workforce development is the 2017 partnership between Carnegie Mellon University (CMU) and King Mongkut’s Institute of Technology Ladkrabang (KMITL), which led to the creation of CMKL University. This collaboration offers graduate programs in AI, robotics, and data science, combining CMU’s world-class curriculum
with KMITL’s local expertise, further enhancing Thailand’s capabilities in high-tech sectors.
As global demand for sustainability grows, Thailand is positioning itself as a leader in green manufacturing practices. The EEC plays a vital role in promoting renewable energy, biofuels, and other sustainable solutions. Thailand’s focus on sustainability, coupled with its investment in digital innovation and advanced manufacturing technologies, ensures that it remains competitive in the global market while addressing environmental concerns.
Imagine partnering with a market where every challenge leads to even greater opportunities. Thailand’s manufacturing sector offers a dynamic environment that encourages innovation, collaboration, and sustainable growth. With its strategic location, supportive government policies, and ambitious development projects like the EEC, Thailand is ready to welcome investors and manufacturers looking to capitalize on its thriving manufacturing ecosystem. Now is the time to invest in Thailand’s manufacturing market.
Richard Jackson, Managing Director of JacksonGrant, has over 15 years of consulting expertise in Thailand and the Asia Pacific region, crafting bespoke recruitment strategies for the industrial, logistics, and supply chain sectors, as well as the entire industrial ecosystem.
Jareeporn Jarukornsakul is the Chairman of the Executive Committee and Group Chief Executive Officer of WHA
What trends will shape the future of manufacturing and logistics in the region?
As the region continues to evolve, several global trends will significantly impact the future of manufacturing and logistics. Geopolitical shifts and manufacturing relocation are driving a renewed focus on supply chain resilience, as companies diversify their operations to reduce
“In Business, there is no gender, only CAPABILITY that matters.”
dependence on single-source suppliers. This trend is likely to accelerate, particularly considering ongoing geopolitical tensions. Sustainability and climate change are also emerging as critical factors in manufacturing and logistics. The shift towards renewable energy and carbon reduction, fueled by initiatives like RE100, is leading to more sustainable practices.
Green logistics solutions is growing focus, with electric vehicles (EVs), EV rental services, charging infrastructure, and intelligent software solutions forming key components of this evolving system. Businesses that adapt to these changes and embrace sustainable practices will thrive in this new landscape.
of Things (IoT), which are revolutionizing manufacturing and logistics operations by streamlining processes, enhancing supply chain visibility, and fostering greater agility and responsiveness. Furthermore, Thailand’s focus on artificial intelligence (AI) and innovation drives significant benefits. AI-powered solutions optimize processes, improve decision-making, and enable predictive analytics, ultimately increasing productivity and cost-effectiveness. Sustainability is another major draw for global investors, with a strong focus on integrating ESG principles into operations to help mitigate risks. Thailand’s strategic location in Southeast Asia, coupled with its well-developed infrastructure, provides excellent connectivity to major markets, supporting efficient manufacturing and logistics operations.
As a female leader, how do you view gender equality in Thailand’s manufacturing and logistics sectors, and what initiatives could accelerate progress?
As a female leader in Thailand’s manufacturing and logistics sectors, I believe that ”In Business, there is no gender, only CAPABILITY that matters.” Success in business is not about luck or intuition; it requires a deep understanding of the industry and a strategic approach. It is essential to maintain a broad perspective on the market and stay informed about industry trends and developments.
What factors are key to maintaining Thailand’s competitive edge in global manufacturing and logistics?
Thailand has embraced cutting-edge technologies such as automation, robotics, and the Internet
Personally, I believe in the power of data-driven decision-making. By staying informed and constantly analyzing changes, I can ensure that my decisions are grounded in sound evidence and that emerging technologies are leveraged
effectively. Additionally, courage and a willingness to take calculated risks are essential for driving innovation and achieving long-term success.
How will AI, IoT, and automation transform Thailand’s manufacturing and logistics, and what steps can businesses take to stay ahead?
AI, IoT, and automation are poised to revolutionize Thailand’s manufacturing and logistics landscape. These technologies offer tremendous potential to enhance efficiency, productivity, and competitiveness. AI-powered solutions can
optimize processes, predict disruptions, and make data-driven decisions. IoT devices provide real-time visibility and control over operations, while automation can streamline tasks and improve accuracy.
To stay ahead, businesses should invest in digital transformation, upskill their workforce, collaborate with technology partners, pilot and scale new solutions, and prioritize data management. By adopting these strategies, Thai businesses can remain at the forefront of technological advancements and gain a competitive edge in the global market.
By Luca Bernardinetti, Mahanakorn Partners Group
Background and Objectives
Historical Context
The MoU builds on Thailand’s earlier commitments to support aviation training. The initial agreement in 2008 enabled collaboration with the International Civil Aviation Organization (ICAO) to train aviation personnel from developing countries. The three-initiative improved skills and capabilities of aviation professionals for safer air transport systems.
Current Initiative
The new MoU expands on this foundation, aiming to position Thailand as a hub for aviation training in the Asia-Pacific. It outlines cooperation between Thailand and ICAO in managing training programs, allocating resources, and selecting participants from developing countries.
Thailand’s Civil Aviation Authority of Thailand (CAAT) and the Civil Aviation Training Center (CATC) will work with ICAO’s Capacity Development and Implementation Bureau to develop training curricula, standards, and implementation strategies.
Thailand has committed 156,471 U.S. dollars (approximately 5.54 million baht) to support the training program, covering course fees, accommodation, and allowances for participants. However, participating countries must cover their representatives’ travel costs. The funding is sourced from CAAT’s revenues streams, including international aviation fees and licensing.
ICAO member states will nominate participants, especially from those needing aviation training. The CATC will manage logistics and courses will cover key topics:
• Environmental Management in Aviation (ICAO CORSIA Verification): A three-day course for 16 participants.
• Safety Management for Practitioners (ICAO Safety Management): A five-day course for 20 participants.
• State Safety Programme Management (ICAO State Safety Programme): A six-day course for 15 participants.
The MoU avoids creating binding legal obligations under international law. Any amendments or disputes will be resolved through mutual consultation. The agreement will be effective until December 31, 2024, unless terminated earlier by either party with six months’ written notice.
By hosting and funding these training programs, Thailand strengthens its position as a regional leader in aviation training in Asia-Pacific. This MoU boost Thailand’s international standing while also benefiting local aviation professionals by providing access to ICAO’s expertise. The collaboration enhances Thailand’s aviation industry, aligning with international best practices.
The initiative is expected to yield significant economic and diplomatic benefits, particularly in hospitality, transport, and education sectors, through the influx of international participants. Thailand also gains diplomatically by fostering stronger ties with participating countries, potentially leading to future collaborations.
With a global shortage of skilled aviation professionals, these training programs ensure Thailand is well-prepared to meet the growing demand post Covid-19. By investing in training programs, Thailand positions itself to address domestic and regional needs for qualified personnel.
The collaboration with ICAO allows Thailand to align its aviation training standards with international norms, which is vital for maintaining safety and efficiency in global air transport. This alignment becomes increasingly important as air traffic and regulatory complexity grow.
While Thailand’s financial commitment is significant, ensuring sustainable funding and efficient allocation remains a challenge. The requirement for participating countries to cover their own travel costs may limit participation from less affluent nations, potentially impacting the program’s reach.
The success of the training depends on effective coordination between CAAT, CATC, and ICAO. Efficient handling of logistics such as participant selection, accommodation, and the training schedule is critical. Any breakdowns could undermine the program’s reputation.
The aviation industry is constantly evolving with new technologies and regulations. The training programs must remain flexible and incorporate the latest advancements and regulatory standards. Adapting the curriculum to meet these emerging trends will ensure continued relevance and effectiveness.
The MoU sets the stage for further cooperation between Thailand and ICAO, with the potential to explore more specialized training programs or joint research initiatives in aviation. Success in this initiative could inspire similar efforts across the region, helping other countries enhance aviation safety and efficiency.
The MoU impacts Thailand’s aviation policies and regulations. As the country aligns its training standards with international norms, existing regulations may need to be updated for consistency. This could involve legislative changes, updates to training and certification requirements, and increased oversight of training institutions.
The emphasis on environmental management and sustainability in the training programs reflects
global efforts to reduce aviation’s environmental impact. Thailand’s involvement in these initiatives aligns with global sustainability goals and could influence domestic policy on aviation and environmental protection.
Thailand’s engagement with ICAO through this MoU is a strategic move for the country’s aviation future. By positioning itself as a regional hub for aviation training, Thailand enhances its standing in the Asia-Pacific region and contributes to global aviation safety and efficiency. This initiative offers economic, diplomatic, and workforce development benefits, strengthening Thailand’s role in the aviation industry.
Success will depend on strong management, adequate funding, and adaptability to industry changes. Ongoing collaboration with international organizations like ICAO will be key to maintaining high standards and tackling future challenges.
In summary, the Draft MoU with ICAO is a critical step in Thailand’s aviation strategy, fostering regional cooperation and capacity-building. Stakeholders should monitor progress, address challenges, and seize opportunities for further growth in the aviation sector.
Luca Bernardinetti is the Managing Partner of Mahanakorn Partners Group (MPG), specializing in FDIs, M&As, PPPs, trade, tax law, and corporate advisory. He serves as the official legal counsel for several embassies and is a certified consultant to the Ministry of Finance.
Including Ford Care Program
5-Year or 150,000 km
Factory Warranty (whichever comes first)
Engine
3.0L 250PS
Dear Members,
Thailand’s appeal to investors is driven by factors such as energy abundance and investment incentives. On September 3, AMCHAM met with Dr. Norkun Sitthiphong, Advisor to the Energy Minister to discuss energy transition, ensuring that Thailand adapts smoothly as foreign investors increasingly prioritize green energy.
On September 4, leaders from AMCHAM Tax Council and Customs & Excise Council held a roundtable meeting with Deputy DirectorGeneral Nirandara Prachaubmoh of the Revenue Department. They discussed the new top-up tax for the OECD’s Global Minimum Tax, merger and acquisition issues, VAT collection on low-value imports, and clarification on personal income tax. The Councils stressed the importance of simplifying tax filing and clearer tax investigation processes, and are planning follow-up meetings to address these concerns further.
We also saw several U.S. government officials, including Leslie Kiernan, General Counsel from the U.S. Department of Commerce, and Daniel Lee, Assistant U.S. Trade Representative from USTR, and officers from the U.S. Department of Commerce’s International Trade Administration, Industry & Analysis Office of Information and Communication Technologies (OICT), underscoring Thailand’s importance as a U.S. strategic ally and the commitment to long -term collaborations.
Following the announcement of the new administration on September 6 and the Prime Minister’s policy statement on September 12, AMCHAM has continued to foster relationships with key ministers. In the coming year, AMCHAM aims to strengthen these ties by working closely with professional-level officers. Councils, particularly the Tax and Customs & Excise Councils, have requested small working group meetings to tackle specific issues like the Global Minimum Tax.
This approach allows AMCHAM to address mutual concerns more effectively for our members. Our team is also drafting advocacy papers on topics including Thailand’s Aviation Hub, the Startup Ecosystem, and new merger tax rules. Please reach out with any feedback or concerns- we are always here to serve you.
Jen Meckhayai Government Affairs Director
FOR THE LOVE OF thriving,
growing, and transforming since 1967.
for the love of progress™
On October 2, AMCHAM Vice President Wiyada Srinaganand of 3M Thailand led an AMCHAM delegation and the Co-Chairs of Customs and Excise Council in a meeting with Director-General Theeraj Athanavanich and his team.
They discussed key issues, including duty suspension for appeals, amendments to entry processes, and matters related to transfer pricing adjustments and data exchange. AMCHAM proposed initiatives such as corporate guarantees for payment deferrals, simplified entry procedures, and knowledgesharing sessions on transfer pricing and Customs-Free Zone regulations. The Customs Department was receptive to these concerns. Both parties agreed to form small working groups to address technical issues collaboratively and improve trade facilitation.
Ibrahim Kocagoz is an Engineering Solutions Director at PCS Security and Facility Services Limited.
What is your favorite part of being in the AMCHAM community?
The AMCHAM community is always exciting and focused on business, industry, and the future. It provides great opportunities to meet C-level executives from various companies and hear about their progress and future plans directly from the top voices in the industry. The community consistently strives to create unforgettable and valuable events featuring distinguished guests— usually surprising names—that enhance the overall experience. The environment fosters a familial atmosphere and welcomes everyone in a very friendly and professional setting, making it easy for newcomers to adapt and integrate into the community. The community is always eager to support one another.
What are the key challenges and opportunities in Thailand’s manufacturing services sector?
The primary challenge is the shortage of skilled labor and the aging workforce, especially as the manufacturing sector rapidly grows. Additionally, political instability and unclear regulations are concerns for investors. However, the government’s promotions for investments in renewable energy, electric vehicles, information technology, artificial intelligence, data centers, and innovation sectors are very promising. These initiatives present numerous opportunities for both foreign and local investments, which will also create new job opportunities and support small and medium-sized enterprises (SMEs). While the skills shortage poses challenges, it also encourages innovation in sectors and service companies to be more creative and utilize technology more effectively in their services.
What are your goals for the manufacturing committee?
This year, we aim to connect the manufacturing sector with innovators, enabling smart solutions from innovative SMEs and start-ups to address existing challenges. We plan to arrange more factory visits, facilitate introductions between sector leaders and our members, and create valuable insights and know-how to share with all members. As a committee, our ultimate goal is to support Thailand’s future collaboration and the exchange of expertise.
Meet Papatsorn “Tuinui” Manoboot, a dynamic and inspiring woman in STEM, and a proud alumna of the AMCHAM Thailand Foundation Scholarship Program, Class of 2023. With a deep passion for chemistry, Papatsorn is currently pursuing both her Master’s and PhD at the School of Molecular Science and Engineering (MSE) at Vidyasirimedhi Institute of Science and Technology (VISTEC).
Hello everyone reading this article. My name is Papatson Manoboot. I graduated with a degree in Chemistry from the Faculty of Science at Ubon Ratchathani University. Currently, I am pursuing Master’s and Doctoral degree programs in Materials Science and Engineering (International Program) at the School of Molecular Science and Engineering (MSE) at Vidyasirimedhi Institute of Science and Technology (VISTEC).
I often tell people that I am not a top student, but I have always enjoyed conducting experiments, identifying problems, and finding solutions. These experiences have fueled my passion to become a researcher or scientist who can innovate and develop new ideas to make the world a better place. This challenge is a goal I am determined to achieve in the future.
However, I could not have come this far without the support from AMCHAM. Receiving the AMCHAM scholarship was the first opportunity that paved the way for me. My family does not have the financial means to support everything, and I have always been aware that “we can’t have everything we desire.” When I found out about the AMCHAM scholarship through my faculty’s page, I decided to apply. At that time, I thought it would not matter if I did not get the scholarship; at least I would have tried.
Applying for this scholarship turned out to be the right decision. It helped me pay for my tuition, reducing my family’s financial burden. I am very proud that I was able to ease the workload of my parents. I am determined to pursue a career that can provide a comfortable life for my family and allow me to help others as well.
Later, I had the opportunity to join a career camp organized by AMCHAM and FedEx, which better prepared me for life after graduation. More than anything, I gained wonderful friendships. I was extremely excited and still remember the feeling of stepping out of my comfort zone to meet new people- an experience that changed my life in many positive ways.
Finally, I want to say that everyone has their own rhythm in life; just never give up on your efforts.
On September 20, 2024, the American Chamber of Commerce in Thailand (AMCHAM) hosted its annual AMCHAM ChariTee Golf Tournament at the Alpine Golf Club. This event brought together members of the international business community for a day of fun and philanthropy, raising over half a million baht to support the American Chamber of Commerce in Thailand Foundation (ATF). The funds will go towards providing educational scholarships for Thai university students across the country.
“The AMCHAM ChariTee Golf Tournament is a vital event for us because it not only generates crucial funds for our scholarship program but also fosters a sense of unity within the AMCHAM community,” said Heidi Gallant, AMCHAM Executive Director and Vice President of the ATF. “The participation and support of our members underscore the international business community’s dedication to investing in Thailand’s future workforce.”
Beyond the charitable contributions, the tournament offered a unique opportunity for AMCHAM member executives and the broader business community to network and strengthen relationships. Set against the backdrop of one of Thailand’s premier golf courses, participants enjoyed a day of friendly competition while making a lasting impact on the lives of students.
This highly anticipated annual event was made possible by the generous support of sponsors, including Abbott, AGS Thailand, AIG, Amazon Web Services, Amrapur Tailors, Bank of America, Chevron, Citi, Constant Energy, C.P. Group, Diageo Moet Hennessy, Ford Motor Company, Griffith Foods, International School Bangkok, Mastercard, Minor International, Pacific Prime Consultants, RMA Group, Topgolf Megacity, Tyson International, and Western Digital. All proceeds from the event will directly benefit the ATF scholarship program, which provides financial assistance to high-achieving Thai university students from underprivileged backgrounds.
The AMCHAM ChariTee Golf Tournament not only showcases the generosity of the international business community but also emphasizes the importance of investing in education as a pathway to a stronger, more prosperous Thailand.
Speakers: Johnny Choi of Seagate
Organized by: Tax Council
Event Highlights:
The AMCHAM Tax Council meeting focused on the Global Minimum Tax and its impact on multinational corporations in Thailand.
The Tax Council Co-chairs updated members on topics, such as Personal Income Tax, BEPS Pillar 2, and M&A Issues discussed at the recent Roundtable Meeting with the Revenue Department.
The event’s highlight was a discussion led by guest speaker, Johnny Choi, Senior Vice President of Finance and Corporate Controller at Seagate, on the Global Minimum Tax policy. The conversation covered compliance challenges, corporate structure impacts, and strategies for global competitiveness while balancing tax revenue with an attractive investment climate. Comparative case studies from ASEAN countries provided insights into regional approaches and best practices.
Auto Council
Speakers: Roger Looney of Crossover Solutions; Veerapol Paisarnsupnimit of NTT DATA Thailand; and Bjoern Voss of P3 Group.
Organized by: Auto Council
Event Highlights:
The Auto Council hosted an engaging discussion on the transformative role of AI and connected vehicle technologies within the Thai auto industry. Topics included emerging trends in vehicle software, AIdriven solutions, and the increasing impact of connected vehicles on manufacturing processes.
Roger emphasized the importance of AI integration in vehicle design, Veerapol highlighted the impact of AI in improving vehicle data management, and Bjoern discussed China’s shift to software-centric vehicles, influencing Thailand’s auto manufacturing and workforce upskilling. The session concluded with a consensus on the need for Thailand’s auto industry to prepare for these innovations through targeted investments in AI and workforce development.
– Sept 19
Speakers: James Lander of ALGAESYS
Organized by: Manufacturing Committee
Event Highlights:
The speaker discussed Thailand’s industrial challenges with water scarcity and pollution, highlighting circular water systems as sustainable solutions. This event concluded with a call to action for industries to embrace these innovative solutions, benefiting both the economy and environment. The questionand-answer session was insightful, drawing on the speaker’s extensive experience in the field.
Event Highlights:
AMCHAM, BCCT, and Grant Thornton jointly hosted the event “Courageous Leadership in the Age of AI,” attracting over 300 senior executives, business owners, and future leaders. The conference focused on the crucial intersection of leadership and artificial intelligence in today’s fast-changing world. The event featured keynote speeches, interactive workshops, and panel discussions including the CXO Perspective, where industry leaders provided insights on how AI is reshaping business strategies, operations, and leadership roles.
AMCHAM Signature Event
Event Highlights:
At a recent AMCHAM member luncheon, the final list of candidates for the 2025-26 Board of Governors election was announced. During the luncheon, candidates introduced themselves and outlined their goals. Members will be casting their vote through a voting link, with results announced at the October Annual General Meeting.
The candidates running for the 2025-26 term are:
• Wiyada Srinaganand of 3M Thailand
• Chatit Huayhongtong of Chevron Thailand Exploration and Production, Ltd.
• Narumon Chivangkur of Citibank N.A.
• Sondra Sutton Phung of Ford Motor Company
• Raymond Deidrick of Ingredion
• Winnie Wong of Mastercard
• Mark Kuo of Pfizer Thailand
• Kwanjit Sudsawad of Seagate Technology
• Chin-Po Tseng of TWLS Company Limited
• Philip Bernard of Western Digital Storage Technology
Learn more about our candidates here.
Event Highlights:
The Corporate Innovation Summit (CIS) 2024, Asia’s largest experiential conference, brought together corporate leaders, innovators, entrepreneurs, investors, and startup founders to explore the latest trends, strategies, and technologies shaping corporate innovation. Centered around the theme of Redefining Growth and Sustainability in the AI Era, attendees engaged in interactive workshops, keynote sessions, and panel discussions led by industry experts and successful innovators.
Speakers: Nam-Ake Lekfuangfu of Baker McKenzie; Maurice Burke of DLA Piper; and John Fung of 3M
Organized by: Legal Committee and ESG Council
Event Highlights:
At the September ESG Council meeting, speakers discussed the critical importance of Governance within the Environmental, Social, and Governance (ESG) framework. Key topics included the importance of sustainability in corporate governance, addressing corruption risks in Southeast Asia, and the evolving landscape of ESG compliance.
Signature Event
Hosts: Lena Ng of Amata Corporation; Narumon Chivangkur of Citibank; Chatit Huayhongtong of Chevron; Simon Denye of Harmless Harvest; and Charles Blocker of IC Partners
Event Highlights:
The AMCHAM Board of Governors hosted a delightful dinner where AMCHAM members got together at JW Marriot Bangkok. Members enjoyed expanding business connections during the intimate dinner. trends, strategies, and technologies shaping corporate innovation. Centered around the theme of Redefining Growth and Sustainability in the AI Era, attendees engaged in interactive workshops, keynote sessions, and panel discussions led by industry experts and successful innovators.
Aerospace Council Navigating the Path SMEs Driving Thailand Aerospace Growth in the EEC – Oct 4
Speakers: Gonzalo Salazar of AAR Component Services; Matthew Gaudion of Qarbon Aerospace; Chris Cowap of Triump; Tyler Schoeppey of TurbineAero; and Remy Maitam of Revima Asia Pacific
Moderator: Todd Siena of BlockAero Technologies Holdings
Organized by: Aerospace Council
Event Highlights:
AMCHAM Aerospace Council hosted an event highlighting the role of small and medium-sized enterprises in advancing Thailand’s aerospace industry, particularly in the Eastern Economic Corridor (EEC). The event maintained a casual yet insightful atmosphere, with expert panelists from various industries sharing their knowledge. They explored current opportunities, challenges, and strategies to assist Thailand in its ambition to become an Aerospace Hub for the region. They also introduced their local partners and suppliers, bringing them to the stage to showcase the thriving aerospace ecosystem, offering expert insights and exchange of ideas.
More details at: @singhapark_chiangrai
Savor a variety of new menu at Bhu Bhirom Restaurant and Cha Thai Cafe. Immerse your happiness through a stunning scenery and eco-friendly activities.
Agricultural Product Tel. (+66) 91-576-0372
Bhu Bhirom Restaurant Tel. (+66) 91-576-0371
Barn House Pizzeria Tel. (+66) 65-924-0485
Sport & Recreation Tel. (+66) 84-354-1196
Farm Tour Tel. (+66) 91-576-0374
Singha Park Shop Tel. (+66) 81-935-3238
AMCHAM Partner Event
On October 4, The American Chamber of Commerce in Thailand (AMCHAM) hosted the Multi-Chamber Eastern Seaboard Networking Event at the Hard Rock Hotel Pattaya. Organized in collaboration with AustCham, BCCT, BeLuThai, CanCham, FTCC, GTCC, ITCC, NTCC, SATCC, and STCC, providing a dynamic platform for professionals to expand their networks and forge valuable business connections.
Read the full press release here – link
Air Canada will resume its seasonal non-stop flights between Bangkok and Vancouver from late October through early May 2025. This marks the third year of service, offering an extended operating period and increased capacity, particularly between January and March 2025 where there will be daily flights between the two cities.
Canada has recently updated its visa policy, allowing Thai passport holders with a valid U.S. visa or a Canadian visa from the past ten years to apply online for an Electronic Travel Authorization (ETA), offering greater flexibility for North American travel. Additionally, Air Canada passengers connecting to the U.S. can benefit from U.S. Pre-clearance at Vancouver International Airport, clearing customs without retrieving their bags or changing terminals. Upon landing, they will arrive at the domestic terminal, ready to begin their journey.
Avenir, a new Southeast Asian energy company, combines cutting-edge technology with experienced management to unlock oil, gas, and hydrogen resources. They focus on the urgent energy transition, delivering cleaner, more affordable solutions. Their portfolio of producing and reactivated assets promises swift returns. They are raising funds to shape Southeast Asia’s energy future.
Bangkok Self Storage, established in 2004 and foreign owned, offers flexible and affordable self-storage solutions in central Bangkok. As the city’s first selfstorage business, they provide unit sizes from 1 sqm meter luggage lockers to 200 sqm meter mini warehouses, with leasing options.
They are the only provider and manufacturer of both flat and pitched roofing in Malaysia. With decades of experience, they are dedicated to meeting all your roofing needs. From residential to commercial buildings, their reliable solutions help create roofs that offer more than just protection.
Computec Engineering is one of Asia’s leading IT solution providers. Their certified, multi-lingual sales team, programmers, project managers, and engineers work closely with over 3,000 customers across Asia and globally, with offices in Japan, South Korea, China, Taiwan, Hong Kong, Singapore, Malaysia, Indonesia, and Thailand.
Dragon Courier provides express delivery services from Thailand to the world. They also support international logistics partners with domestic requirements and import and distribution services. Dragon Courier is particularly proud of their 2018 investment in a modern, high-security, and centrally located IT storage warehouse.
Founded in 1989 by Kanoksilp Prahanparp and Duangnit Vatanasin, Hatai Group emerged from a shared passion for creating affordable high-end silver jewelry. The company pioneered innovative designs by integrating precious and semi-precious gemstones into 925 silver settings, plated with 22-karat gold using advanced nanotechnology.
Founded by Father Joe and Sister Maria, the Mercy Centre has grown to support children and communities across Bangkok. Today, it focuses on two main areas: preschool education and the protection of vulnerable children. The Centre runs 17 preschools, serving 956 students ages 3 to 6 (as of 2024).
One Karakada is a family-oriented construction company that began as a humble hardware supplier, providing quality materials and services to other companies. Through their work on various projects, including commercial buildings and residential homes, they gained valuable experience and recognized the potential to grow and diversify their business.
The Rhenus Group is a leading logistics specialist with global operations and an annual turnover of 7.5 billion euros. With 40,000 employees working at 1,320 business sites in over 70 countries, they develop innovative solutions for the entire supply chain. Whether providing transport, warehousing, customs clearance, or value-added services, this family-owned business focuses on meeting customer needs through various business units.
Roberta’s Pizza Thailand, located in Siam Discovery, is likely a franchise catering to the Thai market. These extensions typically adapt the original concept to local tastes while maintaining the brand’s essence. This often involves sourcing ingredients locally, adjusting flavors, and offering unique menu items to appeal to local customers.
SharkNinja has a proud history as a pioneer in small household appliances, consistently creating a broad array of products that consumers love. With a legacy spanning several decades, SharkNinja has evolved from an early-stage pioneer into a portfolio of trusted, global, billion-dollar brands, driving rapid growth and innovation across multiple categories.
Shinaracha Frotector Co., Ltd., founded in 1997, provides top-tier fire protection services and products across Thailand. As official distributors of NFPA Codes and Standards, they uphold premier fire safety practices. Their mission is to mitigate fire-related risks, damages, and injuries by prioritizing quality and reliability in all their offerings.
Established in 2014, SPARX Logistics evolved from a freight forwarder in 1974. They bring together top industry talents to deliver cutting-edge systems and superior service. From humble beginnings, they have expanded to over 50 offices across more than 12 countries. Their selective growth strategy keeps overhead low and staffing lean, ensuring flexibility and agility for customers.
With years of experience managing intricate investment structures, they offer comprehensive services, including fund administration, tax, investor services, private credit, real assets, shadow administration, accounting, investor onboarding, compliance, and front-office support, all backed by marketleading technology.
STARLUX, a Taiwan-based boutique airline, offers luxury for all across 23 routes in Asia and the U.S. With easy transfers in Taipei for U.S.-Asia flights, STARLUX connects to destinations like Los Angeles and San Francisco. Prioritizing safety and exceptional service, they strive to make flying an unforgettable luxurious experience.
Founded in 2004 by a philanthropic Thai/American/Dutch family, TCDF is dedicated to transforming rural Thailand. They empower underprivileged children through healthcare, education, and sustainability initiatives. Their women-led teams work tirelessly to keep children in their homes and villages, collaborating with local schools, healthcare centers, and village leaders for sustainable change.
TRIUMPH is a global leader in the aerospace industry providing design, production, and service for aircraft systems and components including actuation, fuel systems, hydraulics, geared solutions, and MRO services for OEMs and carriers.
Education has been a core value for AMCHAM since the very beginning of the Chamber. Over the last three decades, AMCHAM has provided over 3,200 scholarships and supported over 890 primary schools.
In 2004, AMCHAM formally registered the American Chamber of Commerce in Thailand Foundation (ATF) to carry out its charitable activities. The ATF is recognized by the Ministry of Finance as a Public Charitable Organization (number 632) and donations are deductible in Thailand.
Each year ATF enables disadvantaged Thai university and vocational students to complete their higher eductation studies through targeted scholarships. Our Community Engagement Council works directly with universities and vocational colleges to identify hard-working and motivated students enrolled in programs championed by AMCHAM member companies.
Sponsor university scholarship
Provide speakers and goodie bag items for Orientation/Career Camps Join the Community Projects Council
For further information, contact foundation@amchamthailand.com
The Chamber is always seeking member submissions for ThaiAmerican Business (T-AB) magazine as well as the AMCHAM website
Articles should be shared in an editable format accompanied and with any applicable graphics that are 300dpi minimum
Check with the communications team to learn about the theme for our next issue. AMCHAM also looks for legal and regulatory developments, knowledge sharing and best practices.
Articles should be on topics of general interest with original research or analysis Articles should not be self-promotional or be company member news
Authors are frequently approached regarding their expertise Be sure to include an author photo and short biography with article submissions
Please send your article submission for consideration to the communications team before the beginning of the previous month at comm@amchamthailand.com
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Our spaces are thoughtfully designed with modern ergonomics, high-speed WiFi, virtual office solutions, meeting rooms, and cozy breakout areas. Members also benefit from exclusive support services, networking events, and a vibrant community ideal for businesses looking to grow in today’s dynamic market
