BANGKOK, THAILAND – Media OutReach Newswire – 23 June 2026 – Prime Minister Anutin Charnvirakul formally launched Thailand FastPass at Government House, mobilizing over USD 21 billion (approximately 700 billion baht) in strategic high-tech investment. The program integrates eight government agencies to cut regulatory approval timelines by up to 50 percent, accelerating approved investments from license to operating factory.

FastPass targets high-value sectors including advanced electronics, aerospace technology, precision machinery and automation systems, and recycled plastics.

By coordinating eight key government agencies—including Thailand’s Board of Investment (BOI), the Department of Industrial Works, the Customs Department, the Office of Natural Resources and Environmental Policy and Planning (ONEP), the Industrial Estate Authority of Thailand (IEAT), the Energy Regulatory Commission, the Metropolitan Electricity Authority, and the Provincial Electricity Authority—the initiative removes historical friction in permitting, environmental approvals, and infrastructure connectivity.

At the ceremony, the eight agencies formalized their coordination by signing a memorandum of understanding (MOU) committing to reduce approval and licensing timelines by 20 to 50 percent across key investment milestones, including factory permits, free-zone processing, environmental impact assessments, and power grid connections.

The ceremony drew more than 300 attendees, including foreign diplomats, international chambers of commerce, and multinational executives.

“In today’s global economy, speed is the ultimate competitive differentiator,” said Mr. Anutin Charnvirakul, Prime Minister of Thailand. “The Thai government is shifting from regulator to active business facilitator. By removing regulatory hurdles, increasing speed, and ensuring policy transparency, we are driving physical investments that will generate next-generation employment and secure Thailand’s long-term regional competitiveness.”

The push to turn approved projects into physical factories follows a historic surge in investment applications. BOI received a record USD 54.5 billion (approximately 1.8 trillion baht) in investment applications in 2025. Momentum has carried into 2026, with first-quarter applications already exceeding USD 30.3 billion (approximately 1 trillion baht).

The USD 21 billion total spans two FastPass cohorts. In the first phase, FastPass resolved regulatory bottlenecks for 76 previously approved projects valued at over USD 14.4 billion (approximately 474 billion baht). Today’s ceremony launched the second cohort: 25 projects from 23 companies worth USD 6.7 billion (approximately 223 billion baht), each receiving a formal Thailand FastPass certificate.

“We are focusing heavily on ‘realized investment’ entering the actual economy,” said Mr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance. “The FastPass mechanism is designed to deliver immediate, concrete economic results in the short term, while laying down long-term structural benefits that will distribute wealth across our broader economy. These 25 pilot projects from 23 companies are projected to generate over 13,000 high-skilled jobs. Combined with the 76 projects cleared under FastPass in the preceding phase, total investment mobilized by the program exceeds 700 billion baht.”

This mechanism converts corporate capital into domestic benefits across five key dimensions: driving investment-led GDP growth, generating high-skilled careers, transferring technical know-how, integrating local SMEs, and creating localized economic multipliers within regional communities.

“The FastPass program fundamentally changes how Thailand works with global investors,” said Mr. Narit Therdsteerasukdi, Secretary-General of the BOI. “We put eight agencies into one pipeline. Permit timelines that once stretched for months can now be cut by up to half. That gets factories built, creates high-skilled jobs, and pulls Thai suppliers into global supply chains.”

Global corporations participating in the FastPass program cited Thailand’s strategic location, modern infrastructure, robust supply chains, skilled workforce, and favorable investment policies as the key drivers for their expansion.

“Thailand possesses the talent, infrastructure, and policy support necessary for next-generation industries,” said Mr. Simon Gwozdz, CEO of Equatorial Space (Thailand) Co., Ltd., a developer of low-Earth orbit space launch vehicles. “The BOI’s one-stop coordination significantly reduces regulatory complexity.”

“The availability of raw materials, infrastructure, and proactive government support were critical in our decision to anchor our regional operations here,” said Mr. Donald Carpenter, CFO of U.S.-based PureCycle Technologies, Inc. “The FastPass mechanism directly improves our operational efficiency.”

“The speed of obtaining factory licenses under the scheme has accelerated our operational readiness, creating a smoother path to scale,” said Mr. Larry Foo of SAM Precision (Thailand), a Malaysia-based manufacturer of precision components for the semiconductor industry.

“The depth of Thailand’s electronics supply chain and supportive state policies were critical to our investment decision,” said Mr. Kris Leetavorn, Director of Advanced Connection Technology, a high-density printed circuit board (PCB) manufacturer. “The FastPass program drastically simplifies state coordination, allowing us to hit aggressive deployment timelines.”

To demonstrate Thailand’s readiness for advanced industries, the government showcased technologies currently being deployed or manufactured in Thailand, including humanoid robotics, LiDAR sensor systems, aerospace technology, and advanced electronics.

“Thailand FastPass proves what is possible when all agencies move in the same direction—approved investments actually get built,” Mr. Narit concluded. “The world is reshuffling supply chains. Investors need clarity and speed. Thailand is ready to deliver both. We will keep expanding FastPass to cover more permits and more strategic industries, creating quality jobs, strengthening supply chains, and raising Thailand’s long-term competitiveness.”

USD conversion based on a reference exchange rate of approximately 33 baht per USD (Bank of Thailand, June 2026).

Thailand Board of Investment
Established in 1966, the Office of the Board of Investment (BOI) has continuously played an essential role for over 60 years in promoting value-adding investment for the country, from both foreign and Thai investors, to enhance national competitiveness and drive sustained economic growth and long-term national competitiveness.

Investment Services Center, PR Section, The Office of the Board of Investment (BOI)

555 Vibhavadi-Rangsit Road, Chatuchak Bangkok 10900 Tel. +66 (0) 2553 8111, Fax: +66 (0) 2553 8222

HANGZHOU, CHINA – Media OutReach Newswire – 23 June 2026 – On June 1, the Google Cross-border E-commerce Acceleration Center announced its upcoming settlement in Shangcheng District, Hangzhou City, east China’s Zhejiang Province. This marks that Shangcheng has taken the lead in building a world-class digital hub to support local enterprises in going global. It will also serve as a powerful engine for Hangzhou-based businesses to expand into global markets, according to the information office of Shangcheng District government.

Shangcheng District is a place where time-honored cultural heritage blends perfectly with the rhythms of the modern era. Here, the profound heritage of the Southern Song imperial city, robust momentum of cutting-edge scientific and technological innovation, and vibrant international consumption thrive side by side. History converges with the future, and culture complements technology and fashion, composing a harmonious melody that spans thousands of years.

Home to the ruins of the Southern Song imperial city, Shangcheng has been the core of Hangzhou since the Sui and Tang dynasties, carrying forward the elegant Song-style culture for over 800 years. In recent years, the local government has fully advanced the initiative to inherit and promote Song-style culture. It has built an open-air museum and launched a number of cultural tourism routes themed on Song aesthetics, advancing the coordinated development of historic district preservation and urban renewal.

Qinghefang Historical and Cultural Characteristic Block still retains the architectural layout of the Ming and Qing dynasties. The timeless herbal aroma of Hu Qing Yu Tang Chinese Pharmacy and the exquisite fan craftsmanship of Wang Xing Ji have been passed down through generations. Guided by the philosophy of living heritage, the millennia-old culture has become the deepest foundation for Shangcheng’s development.

Scientific and technological innovation acts as the core driving force for Shangcheng’s high-quality development. In 2025, the district launched the construction of a Central Innovation District (CID) to unleash new productive forces. Covering an area of 122 square kilometers, the entire district has evolved from a traditional commercial center into an innovation ecosystem powered mainly by artificial intelligence.

Shangcheng has set up a ten-billion-yuan industrial fund for artificial intelligence and embodied intelligence, providing financial support for cutting-edge tech enterprises from R&D to commercialization. The district is home to more than 50,000 college graduates under the age of 35, with a total talent pool of 420,000. Its index for the commercialization of scientific and technological achievements ranks among the top tier in Zhejiang Province.

Driven by this strategy, a host of innovation platforms have flourished. Renovated from old industrial workshops, Xizi Smart Industrial Park stands as a landmark in Shangcheng’s tech landscape. It now gathers over 30 humanoid robot enterprises, and the Zhejiang Humanoid Robot Training Base was officially inaugurated here in early 2026. At the base, humanoid robots have been put into use in factories and daily scenarios, with continuous breakthroughs made in core technologies such as motion control and environmental perception.

The integration of time-honored culture and advanced technology has also given rise to booming international consumption in Shangcheng. The district is speeding up the development of an international fashion and consumption hub and empowering consumption scenarios with digital technologies, steadily striving to become the leading district for digital and smart fashion consumption.

Adjacent to West Lake, Hubin Pedestrian Street attracts 40 million visits annually and houses over 1,200 renowned domestic and international brands. Digital and smart applications have been widely introduced here to create distinctive experiences, bringing technological fun to ordinary consumption.

As one of China’s most influential garment distribution hubs, Sijiqing Fashion Street is undergoing a full transformation into an international tourist and consumption destination. Digital design and flexible manufacturing have reshaped its traditional supply chains, while original designer brands and trendy cultural venues inject youthful vitality into the area. A new international landmark featuring strong commercial appeal and unique cultural charm is taking shape.

“Rooted in history and culture, driven by scientific and technological innovation, and connected via international consumption, Shangcheng demonstrates to the world how an eastern urban district strikes a balance between preservation and innovation, enabling millennia-old heritage to write a new chapter in the contemporary era,” said an official of the district government.