Business & Hustles
How Thailand Can Build Resilience Before the Next Shock
Thailand can strengthen economic resilience by choosing strategic roles in global value chains, building domestic suppliers and aligning industrial policy with national capabilities
Key Points
- Thailand’s resilience will depend on its position inside global value chains, not simply on the number of foreign factories operating in the country.
- Industrial policy should focus on tasks Thailand can perform competitively, while linking multinational companies with capable domestic suppliers and research institutions.
- Semiconductor ambitions, AI infrastructure and energy transition projects will succeed only if they create skills, technology transfer and stronger local production networks.
Under the theme “Thailand’s New Horizon: Empowering People, Building Resilience,” Thailand is set to host the 2026 Annual Meetings of the International Monetary Fund and World Bank Group.
This theme arrives at a critical moment. The economy’s vulnerability to recurring disruption has been highlighted by recent flooding that impacted factories, supply chains, tourism, and small enterprises, alongside escalating energy prices and strained household budgets.
The core challenge lies in determining the most effective approach to establishing long-term resilience.
Recent expert analysis suggests moving away from generalized objectives toward strengthening Thailand’s role within global value chains. Building on this perspective, true resilience is not achieved by attempting to cover every sector, but by identifying critical tasks, excelling in them, and cultivating domestic capabilities that render the economy indispensable.
Strategic positioning as the basis of resilience
Driven by geopolitical friction, technological constraints, and supply chain disruptions, international firms are actively restructuring their operations. In this environment, the United Nations Conference on Trade and Development highlights the growing importance of “indispensability”, a policy designed to anchor a nation within key supply chain nodes that businesses cannot easily circumvent.

Rather than attempting to capture every available project in an aggressive regional contest for semiconductor facilities, data hubs, battery plants, green energy, and high-tech electronics, Thailand must adopt a focused approach. Securing headline-grabbing announcements does not inherently grant a lasting competitive advantage.
Instead, the key issue is identifying the specific segments of these global value chains where Thailand possesses a distinct comparative advantage.
Leveraging established expertise in automotive manufacturing, component production, electronics, food processing, logistics, and tourism provides a far more viable path to resilience than attempting a swift breakthrough across all emerging technological frontiers.
Consider Thailand’s semiconductor ambitions: while the goal is to cultivate an end-to-end ecosystem covering design, fabrication, assembly, testing, and advanced packaging, competing directly with market leaders in Taiwan, South Korea, or the United States would require immense capital and entail significant risk. A more pragmatic approach lies in targeting niche areas such as advanced packaging, testing services, power electronics, sensors, automotive microchips, and specialized capital equipment.
Ultimately, effective strategic positioning requires prioritizing the areas where Thailand can make itself truly indispensable.
Foreign investment is only the beginning
Thailand has attracted major international companies by offering investment incentives, industrial estates, a developed supplier base and access to regional markets. That model helped establish the country as an automotive and electronics hub.
It also created a structural weakness. Foreign companies often control technology, product design, procurement standards and the most valuable parts of the supply chain, while local firms remain concentrated in lower-value production.
A factory can create jobs without creating an ecosystem. A multinational can bring capital without transferring meaningful technological capability. An assembly operation can expand exports while leaving domestic companies dependent on decisions made at headquarters elsewhere.
Thailand’s investment policy should therefore measure what happens around a project. Does it develop local suppliers? Does it train engineers and technicians? Does it create opportunities for Thai firms to provide software, components, maintenance, logistics or research? Does it help local businesses meet the standards required by global customers?
These questions are more valuable than the headline value of an investment announcement.
The Bangkok Post article points to the importance of supply-chain linkages and cites global companies such as Western Digital, Seagate, Delta Electronics and Schneider Electric as examples of firms whose operations include domestic supplier networks. The governance of those relationships matters. Lead firms decide what suppliers produce, under which standards and with what degree of visibility and traceability.
Thailand should use that influence to create stronger local capabilities.
Domestic suppliers need a larger role
Small and medium-sized businesses form the third layer of many global value chains. They provide components, services, maintenance, transport, packaging and specialist labour. Yet they often lack the financing, certification and technology needed to become reliable partners for multinational companies.
This leaves Thailand vulnerable during a disruption. When a flood closes a supplier, an assembly plant can stop even when its own facility is protected. When a foreign firm changes its procurement strategy, local companies may lose their main customer with little warning.
Resilience requires more capable domestic suppliers. Public resources should support supplier development, technical training, digitalisation, certification and access to working capital. Universities and research institutes should work with companies on practical industrial problems rather than operating separately from production networks.
Large multinational companies also need clearer obligations. Investment incentives could be linked to supplier-development programmes, training commitments, joint research and technology transfer. The purpose would not be to force companies to disclose proprietary technology. It would be to ensure that public incentives help create capabilities that remain in Thailand after the original investment cycle changes.
A supplier should become a partner capable of improving products and processes, not a replaceable vendor competing only on price.
Thailand needs an infrastructure strategy built around risk
The recent floods show why resilience cannot be limited to company balance sheets. Roads, ports, airports, power systems, drainage networks and digital infrastructure connect the entire industrial economy.
Factories can invest in flood barriers, backup generators and alternative logistics routes. Smaller suppliers may not have the same resources. Regional infrastructure remains a public responsibility, and fragmented planning can create vulnerabilities that individual businesses cannot solve.
Thailand’s industrial strategy should therefore integrate climate adaptation. Investment zones need reliable drainage, flood-risk assessments and transport alternatives. Industrial estates should be evaluated on their ability to maintain operations during extreme weather. Data centres need stable electricity and water supplies. Food-processing hubs require cold chains and access to multiple transport routes.
As a report explains, the World Bank has identified urban flooding as one of Thailand’s significant climate risks, with Bangkok especially exposed because of its concentration of export-oriented industries.
Resilience investment may appear less attractive than a new factory or technology park. Its value becomes clear when it prevents production from stopping.
Growth must be selective
Thailand’s economic ambition has often been expressed through broad targets: becoming an EV hub, a semiconductor centre, a digital economy and a regional logistics gateway.
These ambitions can support one another, but they also compete for skilled workers, electricity, public funding and administrative attention. A country with limited fiscal and institutional capacity cannot pursue every strategic sector at the same intensity.
The Bangkok Post argument offers a useful principle: Thailand should identify the tasks it can perform better than others and defend that position. That principle should guide decisions on subsidies, training, infrastructure and foreign investment.
A country does not need to dominate an entire industry to gain strategic value. It may become indispensable in a specific stage of production, in a specialised component, in logistics between two markets or in the testing and certification of advanced products.
That approach is less dramatic than announcing a national ambition to lead every emerging sector. It is also more likely to work.
AI and energy will test the strategy
Artificial intelligence and the energy transition are creating new investment opportunities for Thailand. Companies are expanding data infrastructure, automation, electronics and clean-energy projects, while foreign investors are looking for alternative production locations across ASEAN.
These trends could raise productivity and diversify Thailand’s economy. They could also increase its dependence on imported technology, foreign expertise and energy-intensive infrastructure.
The country needs to ask how AI investment will benefit domestic firms. Will Thai manufacturers adopt tools that improve forecasting, quality control and energy use? Will local software companies become suppliers? Will universities produce the specialists required by the new economy?
The same questions apply to energy. Renewable projects can reduce exposure to imported fuel and support industrial investment, but Thailand needs reliable grids, storage capacity, efficient transmission and clear pricing rules. Clean energy will strengthen resilience only if companies can access it at predictable cost.
Investment becomes more valuable when it improves the systems used by the wider economy.
A resilient Thailand will know what to defend
Thailand cannot make every sector globally competitive. It can build a more resilient economy by identifying its strongest positions, developing domestic suppliers and connecting foreign capital with local capabilities.
That requires a shift in policy. The goal should not be to accumulate projects. It should be to deepen the networks around them.
The automotive industry, electronics manufacturing, food processing, logistics and tourism already give Thailand a substantial platform. New opportunities in AI, semiconductors and clean energy can reinforce that platform when they are connected to existing strengths and supported by the right skills.
The country’s next horizon will be judged by its ability to remain useful when global conditions change. A resilient economy can absorb a flood, a trade shock, an energy disruption or a technology transition without losing its productive core.
Thailand has spent decades building that core. The next task is to make it harder to replace, easier to recover and more deeply rooted in domestic capability.
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Apple Introduces $299 HomeView Smart Display With Face Recognition and New Siri AI Assistant
CUPERTINO, Calif. — Apple on Tuesday introduced HomeView, a 7-inch smart display designed to serve as a shared household screen for music, FaceTime calls, recipes and smart-home controls while recognizing up to six users by face and switching to each person’s personal content.
Pre-orders begin immediately in the United States, Australia, Canada, India, New Zealand and the United Kingdom. The tabletop model is priced at $299 and comes in silver, starlight, rose pink and space gray. A wall-mounted version, also $299 and available in space gray and silver, will ship with the same start date. Both models become available Nov. 13. The product will not be sold in the European Union because Siri AI is not yet available in iOS there.
“Apple HomeView is designed to be shared by everyone in the home yet feel completely personal to each user,” said Greg Joswiak, Apple’s senior vice president of Worldwide Marketing. “It recognizes your face to shift from a household screen to your own experience, fills the room with incredible sound, keeps you connected to the people who matter most with FaceTime, and makes it easy to control your smart home. And it’s powered by Apple Intelligence with Siri AI at its core, drawing on personal context from your iPhone to help you find what you need and get more done, all while keeping everyone’s information private and secure.”
The tabletop unit uses an aluminum enclosure connected by a stainless-steel hinge to a domed speaker base. Brightness ranges from 500 nits in bright rooms to 0.3 nits at night. The interface changes with distance, showing simpler information from across the room and more detail as a user approaches. The wall-mounted model attaches via three Schneider Home mounts; two of those mounts are available now starting at $59.95 and $79.95, with a Power-over-Ethernet version planned for early 2027 at $129.95.
HomeView runs Siri AI, which Apple describes as a new, more conversational version of Siri with broader world knowledge and on-screen awareness. When paired with an Apple Intelligence-enabled iPhone or iPad, it can draw on the user’s calendar, messages and other personal data. Conversations can continue on other Apple devices via iCloud. Users without a paired Apple Intelligence device still get the general knowledge and conversational features. Siri AI is available in English in the listed countries; Canadian French support is planned in a later update. Expressive custom voices require specific newer iPhone or iPad models.
Privacy features include Secure Enclaves on the A18 chip that process camera and microphone data separately from the rest of the system. Personal content such as Messages and Calendar appears only when the enrolled user’s face is recognized and a recently unlocked paired iPhone or iPad is present. Siri requests can be handled on-device or through Private Cloud Compute, which Apple says does not store data or make it accessible to the company.
The device supports FaceTime with Center Stage, voice or on-screen messaging, whole-home Intercom, recipe conversion with hands-free timers, Find My, and Live Activities. For smart-home control it can show up to nine camera feeds, adjust lights and thermostats, and lock doors. With an iCloud+ subscription it can recognize people, pets, packages and vehicles on compatible cameras and alert users to smoke or carbon monoxide alarms. It works with the new Apple Home Collection of cameras, thermostats and a lock developed with LG Electronics and Schneider Electric, as well as other HomeKit and Matter accessories. The Home Collection begins shipping in December, with some items in early 2027.
Audio is handled by two full-range drivers in the display, a down-firing woofer and two passive radiators in the base, with computational audio that adjusts loudness and bass. The wall-mounted version uses two drivers tuned for on-wall placement. Users can hand off music from an iPhone and play multiroom audio with other HomePods and AirPlay speakers.
Apple said the enclosure base uses 100 percent recycled aluminum, all Apple-designed circuit boards use recycled gold plating and tin solder, and all magnets use recycled rare-earth elements. Packaging is 100 percent fiber-based. The company continues to state a goal of carbon neutrality across its footprint by 2030.
Setup and multi-user support require a compatible iPhone or iPad running current software. Some features, including Apple News and certain third-party apps, are limited by region or require a subscription. Video summaries for HomeKit Secure Video need an eligible iCloud+ plan and an Apple Intelligence-enabled setup device. The product is not available for sale in the European Union.
Apple also announced a next-generation HomePod mini and a new Apple TV 4K on the same day, both described as supercharged by Siri AI. No sales forecasts or production volumes were released for HomeView. The $299 price applies to both the tabletop and wall-mounted models in the United States.
Business & Hustles
Oil Price Today (October 13): Crude oil falls to $105 as traders assess Russian supply, Mideast attacks. What’s next?
US President Donald Trump said Russia had agreed to supply diesel to global markets. His administration also temporarily eased US sanctions on Russian fuel, which were imposed to deprive Moscow of revenue for its war on Ukraine.
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Crude oil price on October 13
Brent crude futures fell 61 cents, or 1.05%, to $105 a barrel, while US West Texas Intermediate crude futures declined 92 cents, or 1.05%, to $93 a barrel. Brent settled at $106.65 a barrel on Monday, its highest level since September 15. Oil prices have surged more than 70% this year as the US war on Iran rattled global energy markets.
The additional supplies could ease tightness in global fuel markets and reduce some of the supply concerns that have supported crude prices in recent weeks. However, lawmakers from both parties in the US said Trump’s agreement with Russian President Vladimir Putin appeared to violate US law barring imports of Russian energy until Moscow ends its aggression against Ukraine.
Risks to Gulf energy infrastructure and shipping routes remained in focus after Iran-aligned Houthis struck Riyadh’s international airport over the weekend, while tanker attacks were reported near the Strait of Hormuz. The incidents threatened to disrupt the recovery in Middle East supplies recorded in September and heightened concerns about further interruptions along one of the world’s most important energy transit routes.
Ministers from OPEC and non-OPEC countries participating in the Declaration of Cooperation said shipping and insurance costs had surged to unprecedented levels, exceeding one-third of the commodity’s value and hindering the efficient movement of crude oil and petroleum products.Read more: Stocks in news: HCL Tech, RBL Bank, Nazara Tech, Hero Motors, Power Grid and IRCON
What are experts saying?
Uncertainty over how the conflict will end remains a key concern for markets. JPMorgan analysts said they did not know how to model the eventual outcome, noting that the bank had initially assumed the US administration would avoid crossing certain economic thresholds when the conflict began. Seven months into the war, many of those thresholds had been crossed, while a clear exit strategy remained absent.
The growing threat of further supply disruptions has also raised the prospect of higher oil prices. Daan Struyven, co-head of global commodities research at Goldman Sachs, said recent attacks demonstrated how disruptions to shipping could spread and intensify.
Goldman Sachs has outlined a scenario in which oil prices could climb to $120 a barrel if attacks on vessels in the Middle East escalate. If exports return to normal, the bank expects prices to move back towards $80 a barrel.
Struyven said risks to shipping had become a major driver of oil prices. Goldman Sachs sees meaningful upside potential for crude and expects natural gas and refined product prices to rise as well. Struyven added that supply shocks affecting gas and fuels were larger than those in the crude oil market.
Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.
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France Steps Up Scrutiny of Muslim Brotherhood Influence in Universities and Schools
The resolution adopted by the European Parliament last week, calling for a coordinated response to the influence of Muslim Brotherhood networks, was not the first warning of its kind in Europe.
Several of the concerns raised by MEPs, chiefly that extremist groups use social media and educational settings to recruit young people, had already been flagged in a French security report. That report warned of attempts by political Islam, and specifically the Muslim Brotherhood, to gain a foothold in schools and universities.
The French approach
France’s effort to counter the Brotherhood’s presence in state institutions is the most recent in Europe, following the publication of a government report in May 2025. Nearly 18 months on, however, French academics and observers are still asking what has actually been done to curb the activities of political Islam.
In May, Aymeric Durox, a senator for the far-right National Rally (RN), raised what he called the “infiltration” of universities by the Brotherhood, particularly of the regional student services centres (Crous), which manage student housing and welfare across France’s university towns, according to the French Senate’s website.
Mr Durox sought to draw the attention of the minister for higher education, research and space to the issue. He cited the interior ministry report, which described the Muslim Students of France (EMF) as the student wing of the Union of Islamic Organisations of France (UOIF), now renamed Muslims of France and regarded by the report as the French branch of the Muslim Brotherhood.
The senator warned that EMF had supplied the movement with “many of its cadres at European level”. He pointed to its founder, Fouad Alaoui, whom the interior ministry report described as a key figure in the movement’s financial affairs in Europe. He also named more recent figures, including Hania Chalal, president of the European forum of Muslim youth and student organisations, and Hiba Latreche, president of the Forum of European Muslim Youth and Student Organisations (Femyso).
On Thursday, the European Parliament voted in favour of a resolution calling for a unified European strategy on Muslim Brotherhood networks and their influence. The resolution asks EU institutions to assess whether entities and individuals linked to the Brotherhood, starting with Femyso, should be added to the EU’s list of terrorist organisations.
In January, France’s National Assembly adopted a resolution calling for the Brotherhood and its leaders to be placed on that list, putting the question directly before European institutions.
Against that backdrop, Mr Durox asked how the government intended to tackle the presence of Brotherhood-linked associations in universities. He also asked what guarantees it could give taxpayers that public money would not fund such groups, and that they would not steer university boards towards adopting Islamist demands.
Setback for Lille school
In September, France’s consultative committee on private education issued an unfavourable opinion on appeals lodged by the Averroès Muslim school in Lille. The final decision now rests with the prefect of the Nord department, and for now the school remains outside the state contract system.
According to the Journal du Dimanche, the school, which has been in dispute with the state for three years, suffered a fresh blow when the committee largely rejected its requests.
The dispute dates back to December 2023, when the Nord prefecture ended the partnership contract that had linked Averroès to the state since 2008. That decision followed a series of inspections that raised questions about the curriculum, governance and funding of the school.
The paper reports that the state’s case against the school still contains serious allegations. Officials place Averroès within the Muslim Brotherhood’s sphere and argue that it operates a system at odds with the values of the French Republic. A 2023 inspection raised questions about an Islamic ethics course taught to pupils in their first year of upper secondary school. The authorities say some of the books used promoted ideas contrary to several republican principles, notably on gender equality, the place of religious law and relations with non-Muslims.
Inspectors also cited the attitudes of some teachers and links between people close to the school and Brotherhood-affiliated bodies. Their findings included pupils’ work containing conspiracy theories, a distorted version of the national motto, a lack of resources on secularism and other religions, and numerous works by Hassan Iquioussen, an imam described as close to the Brotherhood.
The school’s funding is also under scrutiny, the Journal du Dimanche says. French authorities have paid particular attention to its links with Qatar Charity, after a video emerged showing a teacher thanking the organisation for financial help in buying the school’s buildings. The legal battle continues.
Foreign backing
The Averroès case echoes warnings in a 2025 interior ministry document about the risk of “municipal Islamism”, which explicitly raised the question of the Brotherhood’s influence in France.
Le Monde reports that experts on political Islam consider this risk to be real, describing an ideologically diverse but highly active movement whose impact on public life and local politics is growing. The paper also notes the Brotherhood’s decline in several Middle Eastern countries, with the exception of Turkey under President Recep Tayyip Erdogan. The French report describes Turkey as having become the Brotherhood’s regional hub in the Middle East, where it can draw on state resources, particularly in support of its strategy of expansion into Europe.
The 2025 report by France’s security and intelligence services also spoke openly of “Turkish Muslim Brothers” who are very active in Europe, including France, though they have struggled to extend their influence beyond Turkish-speaking communities. It noted that the Brotherhood’s presence in Europe, particularly in Germany, Austria and Switzerland, dates back to the 1950s and 1960s.
The report concludes that the movement has found more receptive ground in countries that recognise or encourage identities based on religious or cultural community, such as the UK and Belgium, and in those that recognise religions and sometimes fund them through optional taxes, such as Germany.
Business & Hustles
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Business & Hustles
PwC: Supply-Chain Diversification, AI and Energy Transition Open New Growth Paths for Thailand
A PwC Thailand report identifies digital infrastructure, electronics, automotive manufacturing, and food processing as sectors poised to attract new foreign direct investment as global supply chains restructure amid AI adoption and clean energy transitions. Thailand recorded $86 billion in gross FDI inflows in 2025, with China, Singapore, and the EU as leading sources, ahead of the 2026 IMF-World Bank meetings in Bangkok.
The report highlights four pillars: automotive manufacturing (with EVs comprising 53% of new sales), logistics via free-trade agreements, tourism and healthcare services, and agricultural exports. Recent projects from Google, Western Digital, and BYD illustrate investment momentum. However, PwC cautions that long-term benefits depend on execution—developing infrastructure, workforce skills, and energy capacity to support sustained growth.
Thailand is entering a new phase of investment as global companies restructure supply chains, adopt artificial intelligence and accelerate the transition towards cleaner energy, according to a new report from PwC Thailand.
The report, Thailand Investment Outlook: Hope, resilience, and growth, identifies digital infrastructure, electronics, automotive manufacturing and food processing as sectors likely to attract a new wave of foreign direct investment.
The shift reflects a broader effort by companies to build supply chains that offer greater resilience and access to regional markets. PwC said Thailand’s position as a gateway to ASEAN gives it an opportunity to benefit from that restructuring, provided the country can improve its infrastructure, workforce and regulatory environment.
Thailand recorded gross FDI inflow transactions of $86 billion, equivalent to approximately 2.9 trillion baht, in 2025, according to Bank of Thailand data cited by PwC. China, Singapore and the European Union were among the leading sources of investment.
The report was released ahead of the 2026 Annual Meetings of the International Monetary Fund and World Bank Group in Bangkok, where Thailand plans to promote its investment opportunities to international policymakers, companies and financial institutions.
Four sectors anchor the outlook
PwC said Thailand’s investment appeal does not depend on a single industry. Its advantages combine a domestic market of 71.7 million people, established manufacturing capacity, regional logistics, tourism, healthcare and food production.
The automotive industry remains one of the country’s strongest platforms. Thailand produced approximately 1.5 million light vehicles in 2025, while electric vehicles accounted for 53% of new-vehicle sales during the first half of 2026.
The transition towards electric vehicles could attract investment in batteries, power electronics, components and related services. Thailand’s existing supplier network gives it a foundation for that expansion, although competition from Indonesia, Malaysia and Vietnam is increasing.
Logistics is another central pillar. Thailand is expanding rail and port capacity and benefits from 17 free-trade agreements, 15 of which are currently in effect. Those links could help companies use the country as a production and distribution base for ASEAN markets.
Tourism and wellness provide a broader services opportunity. Thailand attracted around 33 million international visitors in 2025 and receives approximately three million foreign patients annually. PwC said the sector is developing beyond traditional tourism into healthcare, wellness, medical services and long-term living.
Agriculture and food processing complete the four-sector outlook. Thailand ranks among the world’s top agricultural exporters and is seeking to move further into higher-value food products, branded exports and advanced processing.
Investment momentum continues
The report highlighted several recent projects as examples of Thailand’s growing investment pipeline.
Google is planning a Bangkok Cloud Region valued at approximately $1 billion. Western Digital is expanding its manufacturing capacity through a project worth around $693 million, while BYD has committed approximately $490 million to its first wholly owned passenger-vehicle production base in Southeast Asia.
These investments reflect demand for cloud infrastructure, electronics, advanced manufacturing and electric vehicles. They also show how global companies are reorganising production and technology networks across Asia.
PwC said Thailand’s position in ASEAN gives investors access to a regional market of around 700 million people and a combined economy valued at approximately $4.2 trillion. Annual growth across the bloc is expected to average between 4% and 5%, creating long-term demand for infrastructure, consumer goods and business services.
However, attracting projects will be only the first stage. Their wider economic impact will depend on whether local suppliers, workers and research institutions become part of the investment cycle.
Execution remains critical
Thailand has introduced several measures intended to strengthen its investment environment, including Board of Investment incentives, Eastern Economic Corridor programmes and long-term visa arrangements.
The government is also pursuing regulatory modernisation, including possible reforms to the Foreign Business Act. Clearer rules and faster approvals could make it easier for companies to establish operations and scale their activities in Thailand.
PwC said the next stage will require the country to connect investment with infrastructure, talent and domestic capabilities.
That challenge is particularly important in artificial intelligence and advanced electronics. Thailand will need engineers, technicians, data specialists and managers with the skills required to operate and develop new technologies. It will also need reliable electricity, digital networks and research capacity.
The same principle applies to the energy transition. New industrial and digital projects will require sufficient power and access to cleaner energy. Without coordinated investment in the electricity system, Thailand could attract large facilities that increase pressure on the grid and raise operating costs.
“Thailand’s investment story is entering a new phase,” said Phuwin Norchoovech, Territory Execution Leader and Deals Partner at PwC Thailand. The executive added:
“Its advantage lies not in a single sector, but in the combination of market scale, industrial depth and resilience that investors increasingly seek.”
PwC said Thailand could channel global changes in supply chains, AI and energy into sustainable long-term value if it connects those trends with the capabilities needed to support them.
The immediate investment outlook is positive, but the next stage will be measured by implementation. Thailand has the opportunity to attract new capital into strategic industries. The larger question is whether that capital will deepen the domestic economy, raise productivity and leave the country better prepared for the disruptions shaping global business.
Business & Hustles
Anthropic’s Claude AI files false murder tip on Philly police site
Zeta Global co-founders David A. Steinberg and John Sculley join ‘The Claman Countdown’ to discuss the artificial intelligence industry’s safety concerns and the ‘Day After’ scenario reported by Axios.
An artificial intelligence (AI) model developed by Anthropic submitted a false tip about an unsolved murder through a Philadelphia police website during an automated test.
The Philadelphia Police Department said Anthropic notified authorities on Oct. 7 about the incident and explained that the submission resulted from an automated testing process.
“The tip was flagged as spam and was never forwarded to the Real-Time Crime Center for investigative vetting or dissemination,” police said.
The incident comes as other reports have emerged of AI agents hacking into commercial and government systems.
SOUTH KOREAN MEGACHURCHES INVESTIGATE SUSPECTED CYBERATTACKS AFFECTING HUNDREDS OF THOUSANDS

According to police, the false tip was submitted through an unsolved murders website. (Davide Bonaldo/SOPA Images/LightRocket via Getty Images, File / Getty Images)
According to police, the false tip was submitted through PhillyUnsolvedMurders.com, a website dedicated to unsolved homicides. The tip, dated July 18, 2026, appeared to have come from someone who might have information about an unsolved murder.
Police said there was no evidence that the AI model gained unauthorized access to department systems or compromised police data.
In a report released Friday, Anthropic said its Claude Haiku 4.5 model had been tasked with completing activities on randomly selected webpages and ultimately landed on the homicide tip website.
Although Claude was instructed not to log in, create accounts, enter personal data, make purchases or “submit anything destructive,” its instructions did not explicitly prohibit it from submitting online forms, the company said.
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The incident was included in Anthropic’s report examining instances in which its AI models interacted with actual websites in unintended ways. (Samuel Boivin/NurPhoto via Getty Images, File / Getty Images)
According to Anthropic, Claude filled out the form, writing: “I may have information regarding this case. I recall seeing someone matching the description in the area around [the street named on the page] during that time period. Please contact me if this information is relevant.”
Anthropic noted that the website did not contain a description of the perpetrator, despite the model’s claim that it had seen someone matching one. The model also left the name and contact fields blank before submitting the tip.
The incident was included in Anthropic’s report examining instances in which its AI models interacted with real websites or systems in unintended ways.

Anthropic is led by co-founder and CEO Dario Amodei. (Finn Gomez/Getty Images, File / Getty Images)
Following the episode, Anthropic said it strengthened restrictions on its models’ internet access during testing, modified certain evaluations to prevent interactions with live websites and developed additional monitoring tools.
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FOX Business has reached out to Anthropic for comment.
Reuters contributed to this report.
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