The font built into the SqueezeBox does not allow to display Asian characters. There is an applet available to install fonts for CJK (Chinese, Japanese and Korean), but for Thai characters you need to replace the font files directly in the SqeezeBox. Note that you cannot activate CJK and Thai fonts at the same time.
Should your SqueezeBox display the Thai characters of the song names and artists incorrectly, then you might need to fix the character coding of the meta tags. This is easiest done with foobar2000 on a Windows PC.