Project Value under Board of Investment Programs Increases 80% in First Quarter BANGKOK (NNT) – The value of investment projects, submitted under Board of Investment (BoI) tax incentive programs, has increased by 80% year-on-year to 123.36 billion baht in the first quarter, driven mainly by the COVID-19 pandemic and measures to curb the spread of the…
Exim Bank assists capital-heavy firms The Export-Import Bank of Thailand (Exim Thailand) vows to offer loans with a special low interest rate and longer grace period to promote Thailand’s future industries. With investments in future industries such as electric vehicles (EVs) requiring relatively hefty capital and posing high risk because of uncertain demand, the bank…
Thailand gets 100bn baht foreign investment for 2021 fiscal year BANGKOK (NNT) – Despite the new wave of COVID-19 being a major concern in Thailand, the country is still known to be attractive in the eyes of foreign investors. The foreign investment figure from October 2020 to March this year was valued over 100 billion…
Thailand set to be ‘key logistics hub’ Thailand has the potential to become a key logistics hub in the Greater Mekong Subregion (GMS) through its Eastern Economic Corridor (EEC), a forum was told. “When we work together to fulfill the potential of the EEC, Thailand and the GMS can become a powerhouse across the world,”…
Thailand Eastern Economic Corridor expects 300-billion-baht investment in 2021 BANGKOK – Thailand expects investment to triple to at least 300 billion baht in the Eastern Economic Corridor (EEC) this year as investment projects previously held by the coronavirus outbreak get pushed forward again as the pandemic eases. EEC Secretary -General Kanit Sangsubhan said actual investment in…
Power a priority to cope with Thai EEC demands Thailand’s Ministry of Energy is seeking acceleration of new power projects to cope with the expected sharp spike in electricity demand with the promotion of the Eastern Economic Corridor (EEC). Ministry officials met with the EEC Policy Committee and the National Energy Reform Committee (NERC) late…
Nokia builds on 5G for enterprise use Thailand is well into its first phase of 5G development, focusing on using the technology for enterprise solutions in Bangkok and the Eastern Economic Corridor (EEC). The country will still need time before consumers adopt the technology en masse because of the high price of 5G-compatible smartphones, said…
Thailand must start six EEC infrastructure projects this year To keep the momentum going, the Deputy Prime Minister, Dr. Somkid Jatusripitak, has instructed the Eastern Economic Corridor Policy Committee (EECPC) to ensure that six key infrastructure projects in the region begin this year. The Eastern Economic Corridor (EEC) continues to attract more investors. Last year, the EEC…
EGCO posts 47% Q1 gain due to increased power generation Electricity Generating Public Company Limited is showing Bt2,915 million in first-quarter 2019 operating profit as it looks to future growth. Looking forward, EGCO Group is planning to convert its former power plant land in Rayong into an industrial estate within the Eastern Economic Corridor (EEC)…
Four major EEC infrastructure projects reviewed The Thai government is advancing four infrastructure projects in the Eastern Economic Corridor (EEC) BANGKOK, 24 April 2019(NNT) – The Thai government is advancing four infrastructure projects in the Eastern Economic Corridor (EEC). All projects will be able to be included in the joint venture signing in May. They will…