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Thailand BOI Approves USD 2 Billion in Data Center and PCB Factory Investment; Extends Timeframe for Several Investment Promotion Packages

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BANGKOK, Nov. 1, 2024 /PRNewswire/ — At a meeting held today, the Thailand Board of Investment (BOI) approved 66.9 billion baht (ca. USD 2 Billion) worth of new investments in electronics manufacturing and data centers, the reconduction of several investment promotion packages, and relief measures for promoted companies affected by recent floods in the country’s North and Northeast regions.

“The continuous flow of new foreign investment in data centers and the electronic supply chain reinforce’s Thailand’s status as a regional tech hub,” Mr. Narit Therdsteerasukdi, Secretary General of the BOI, said after the board meeting chaired by Deputy Prime Minister and Finance Minister Pichai Chunhavajira.

Project Approvals

Today the Board approved the following projects:

Quartz Computing Co. Ltd, a subsidiary of Alphabet Inc., the parent company of Google, received approval for a 32.8 billion baht investment to establish a hyperscale data center to be located in Chonburi Province. The project was first announced on 30 September 2024 during the visit to Thailand by a senior Google executive.

Digitalland Services (Thailand) Co., Ltd., a subsidiary of GDS IDC Services PTE Ltd., received approval for a 28 billion baht investment to establish a hyperscale data center in Chonburi Province.

Cheng Yi Technology (Thailand) Co., Ltd. received approval for a 6.15 billion baht project to produce prepreg and copper clad laminate (CCL), important components used in the production of printed circuit boards (PCB). The factory will be located in TFD Industrial Estate 2, Chachoengsao Province.

Extension to End-2025 of 4 Incentive Packages

The Board approved the extension by one year to end-2025 of four packages of investment promotion measures that initially required applications for promotion to be submitted by end-2024, namely 1) Retention & Expansion Program; 2) Relocation Program 3) Investment Stimulation Measure for Economic Recovery and 4) Investment Promotion Measure to Upgrade Automotive Industry.

Applications filed between January 2023 and September 2024 under these four incentive packages represented a combined investment value of more than 650 billion baht.

Some of the measures, all placed under the 5-year investment promotion strategy (2023-2027), were also adjusted to better reflect the current investment situation.

As part of the revisions, the minimum actual investment required to apply for benefits under the Investment Stimulation Measure for Economic Recovery has been increased from the original 1 billion baht to not less than 2 billion baht.

Flood Relief Measures

The board also approved relief measures to help promoted companies that have been affected by the recent floods in Thailand. According to the BOI’s initial survey of businesses damaged by the floods in the North and the Northeast regions, at least 6 promoted companies in the agricultural & food and light industries sectors were affected. In order to alleviate the impact and help restore normal operations as soon as possible, the companies will be granted an import duty exemption on machinery they would need to replace equipment damaged by the floods, and a deduction of machinery and raw materials that were damaged or lost.

For more information, please contact:
Thailand Board of Investment
Tel. +66 (0) 2553 8111
Website: www.boi.go.th
YouTube: Think Asia, Invest Thailand

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SOURCE Thailand Board of Investment (BOI)

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2026 Canton Fair Design Award Winners Showcase China’s Innovation Strength

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GUANGZHOU, China, Oct. 19, 2026 /PRNewswire/ — As the 140th Canton Fair opens, the winners of the 2026 Canton Fair Design Award (CF Award) have also been announced. Winning products are now on display in Area D of the Canton Fair Complex, offering visitors a closer look at some of the latest advances in Chinese manufacturing and industrial design.

Among this year’s top honorees, a domestically developed high-performance sport motorcycle and an intelligent navigation capsule robot gastric endoscopy system received the Best of the Best Award, the competition’s highest recognition.

The Canton Fair also enhanced the visitor experience with a themed showcase area within the award exhibition. Built around four application-oriented concepts, namely Outdoor Pleasure, Smart Living, Cozy Home and Kitchen Elegance, the immersive displays demonstrate how innovative designs can be integrated into everyday life, helping visitors better understand the practical value behind these award-winning products.

This year, 4,218 products from 2,112 companies competed for the award. Following multiple rounds of evaluation, 222 products from 174 companies were selected.

The award-winning products reflect several key trends shaping the next stage of Chinese manufacturing. Innovation remains a defining theme, with breakthrough technologies ranging from upper limb motor function assistance and enhancement system to exoskeleton robots, underscoring the growing momentum of high-end manufacturing.

Meanwhile, intelligent technologies continue to gain traction across industries. Smart products account for more than 30% of this year’s winners, with AI-powered glasses, intelligent conference terminals and smart healthcare devices extending AI applications across home, office, medical and outdoor environments.

Sustainability is also becoming increasingly embedded throughout the product lifecycle. Green products represent over 40% of the winning entries, while innovations such as integrated energy-saving panels and sugarcane paper demonstrate how environmentally conscious practices are being incorporated into product design, materials selection and manufacturing processes.

Established in 2013, the Canton Fair Design Award is widely regarded as a benchmark for design innovation in China’s foreign trade sector. The award recognizes products that combine design excellence with commercial value, promoting the transformation and upgrading of Chinese manufacturing and supporting high-quality trade development. Entries are evaluated across five dimensions: innovation, quality, functionality, aesthetics and sustainability.

For more convenient attendance, please click here for pre-registration:
https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

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SOURCE Canton Fair

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InstaMall Launches Same-Day Fashion Delivery Experience, Bringing 80+ Brands to Shoppers’ Doors in Miami

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First-of-its-kind shopping app pairs artificial intelligence with same-day delivery, bringing luxury
and contemporary brands directly to customers’ doorsteps 

Featured luxury and contemporary brands include AllSaints, John Varvatos and Aritzia

MIAMI, Oct. 19, 2026 /PRNewswire/ — InstaMall, a first-of-its-kind shopping app offering same-day delivery and access to real-time inventory across luxury and contemporary fashion, launches today in Miami, Florida. Now available via iOS and Android, InstaMall provides access to more than 80 contemporary and luxury fashion brands across Miami’s five premier retail clusters, including Balmain, Louis Vuitton, Bottega Veneta, Ganni, Coach, Diesel, Reformation, Aritzia, Cult Gaia, Prada and more. InstaMall will add more brands within the app in the coming weeks and seasons. 

Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together through a more dynamic way to discover and shop for fashion. The experience combines access to luxury and contemporary brands with the convenience of same-day delivery, bringing the speed customers have come to expect across categories like food and groceries to fashion while maintaining the brand experience retailers and shoppers expect.

Within the app, customers will have access to InstaMall’s AI-powered stylist and virtual try-on features, making it easier to browse, discover and shop styles online. InstaMall’s AI Stylist serves as an intelligent shopping assistant that responds to customers’ preferences in real time. Customers can use the AI Stylist to receive product recommendations, build outfits, ask questions and discover new styles, while its virtual try-on feature allows them to visualize select items on themselves before making a purchase.

“InstaMall was founded on the belief that the convenience customers have come to expect from same-day delivery should extend to the way they shop for fashion,” said Elliot Aboud, Founder and CEO of InstaMall. “As fashion and technology continue to evolve together, we saw an opportunity to create a more seamless shopping experience that brings customers closer to the brands they love, combining a curated assortment, AI-powered styling and virtual try-on with the ease and convenience of same-day delivery.”

Prior to founding InstaMall, Elliot Aboud helped build the Aroma360 and Hotel Collection brands, overseeing the launch of the first retail store and expanding the retail footprint to more than 30 stores across the United States and two in Dubai. InstaMall is bringing fashion and luxury to the next generation with its seamless shopping experience and wide selection of brands.

Customers can download InstaMall through the Apple App Store or Google Play, or by going to instamall.co.

About InstaMall 

InstaMall is a same-day fashion shopping and discovery app reimagining how consumers shop for luxury and contemporary brands. Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together in an experience that gives consumers a more dynamic way to discover and shop. Where on-demand delivery has long existed for categories like food and groceries, InstaMall brings that same convenience to luxury fashion for the first time, delivering the same day without compromising the brand experience fashion retailers and their customers expect. The company launched publicly in Miami on October 16, 2026, and plans to expand nationally. For more information, please visit instamall.co.

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SOURCE InstaMall

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PTC to Announce Fourth Fiscal Quarter and Full Year 2026 Results on Wednesday, November 4, 2026

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BOSTON, Oct. 19, 2026 /PRNewswire/ — PTC (NASDAQ: PTC) will release its fiscal 2026 fourth quarter and full year results on Wednesday, November 4th after the stock market closes. As previously announced on October 5th, 2026, PTC entered into a definitive agreement to be acquired by Schneider Electric. In light of the pending transaction, PTC is suspending quarterly earnings conference calls and is no longer providing quarterly or annual guidance.

The earnings press release and accompanying financial data tables will be accessible on the Investor Relations section of the company’s website at PTC Investor Relations.

About

PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they design, manufacture, and service the physical products the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.

Investors

Michael Maguire
mmaguire@ptc.com
investor@ptc.com

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SOURCE PTC Inc.

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