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In 1833, the United States established its first treaty in Asia with the Kingdom of Siam, promising enduring commercial relations. Today, Thailand enjoys strong ties with both America and China, as highlighted by Commerce Minister Pichai Naripthaphan, who believes the escalating trade war will enhance these relationships.
The U.S. Federal Reserve's recent interest rate cuts are expected to benefit Southeast Asian economies, particularly Indonesia and Thailand, by boosting portfolio inflows and commodity prices. Central banks in these countries are likely to follow the Fed's lead, with Indonesia already cutting rates for the first time in three years. The Thai baht has strengthened, prompting calls for further rate cuts to stimulate investment and address high household debt.
Nvidia Corp. is set to announce its investment plans for Thailand during CEO Jensen Huang's visit to Bangkok in December, as the country emerges as a key location for AI data centers and component manufacturing in Southeast Asia. Thailand's Commerce Minister, Pichai Naripthaphan, confirmed the upcoming investment but did not disclose specific details or the amount.
Pichai Naripthaphan
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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