BANGKOK, Thailand – Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas said Thailand’s participation in the World Economic Forum Annual Meeting 2026 in Davos helped sustain investor confidence, with TikTok confirming plans for long-term investment in the country.
Ekniti said he and the Board of Investment’s secretary-general met TikTok executives in Davos to discuss the company’s operations and future direction in Thailand. The talks covered digital infrastructure investment, support for the digital and AI economy, and expanded opportunities for Thai entrepreneurs using the platform.
TikTok confirmed long-term investment plans in Thailand valued at more than 270 billion baht and outlined proposals to support small and medium-sized enterprises by improving market access and income generation. The company also discussed positioning Thailand as a regional base for content development and related digital services.
Operated by ByteDance, TikTok has a large global and ASEAN user base and established its Thai subsidiary in 2021 as a regional operating office under BOI promotion. It later received approval for major data hosting operations to support regional services. Discussions also covered cooperation on consumer protection, financial literacy, and online fraud prevention, as well as preparations linked to Thailand’s hosting of the IMF–World Bank Annual Meetings this year. (NNT)
