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China to add 100 smart manufacturing pilot projects

In addition, emerging areas such as 5G, Internet of Things, Internet of Vehicles and smart transportation will also be selected.

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China will continue its smart manufacturing strategy by adding about 100 new pilot demonstration projects in 2018, according to the Ministry of Industry and Information Technology, Economic Information Daily reported. Insiders think the selection of the projects are likely to include traditional industries such as non-ferrous metals, rare earth, textiles and household appliances. In addition, emerging areas such as 5G, Internet of Things, Internet of Vehicles and smart transportation will also be selected.

According to the 13th Five-Year Plan of Smart Manufacturing, China aims to establish its intelligent manufacturing system and complete the key industries’ transformation by 2025. Miao Wei, Minister of Industry and Information Technology, said that smart manufacturing is the main direction of the nation’s industrial upgrade, and an important starting point for the two national strategies of “Made in China 2025” and “Internet Plus.” Source link

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BOI steps up investment promotion measures in the EEC

The measures will be in effect from January 2, 2020, to December 2021. Applicants can sign up for the new privileges, with no deadline set for registration.

National News Bureau of Thailand

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BANGKOK(NNT) – The Board of Investment of Thailand (BOI) has approved measures to promote investment in the Eastern Economic Corridor (EEC) by expanding the number of target industries and increasing corporate income tax benefits.

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Thailand to legalize Grab Taxi in March 2020

The Thai government is taking steps to legalize Grab taxi services, expected to be effective from March 2020. The Grab motorcycle service is pending further study.

National News Bureau of Thailand

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BANGKOK (NNT) – The government is taking steps to legalize Grab services, expected to be effective from March 2020, beginning with the Grab taxi service.

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Thailand’s FDI applications up 69% in the first nine months of 2019

The total value of FDI applications received by the BOI in the nine months to September increased 69% from the year earlier period, to a total value of 203.37 billion baht, according to the latest data from the BOI

Boris Sullivan

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Thailand continued to attract rising foreign direct investment (FDI) in the first nine months of 2019, with increased number of investment project applications according to public agency Thailand Board of Investment (BOI).

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