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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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PTT to invest 30bn ($967M) baht in EEC

PTT Public Company Limited has allocated some 30 billion baht, to invest in newer forms of energy in the Eastern Economic Corridor (EEC)

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BANGKOK, (NNT) – The global economic slowdown and trade war have caused fluctuations in energy prices. In response, PTT Public Company Limited has allocated some 30 billion baht, to invest in newer forms of energy in the Eastern Economic Corridor (EEC), while the company’s profit in 2019’s first half was reduce by higher oil prices.

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Ministry of Commerce pushes for exports to offset trade war aftermath

The Board of Trade of Thailand’s Chairman has proposed temporary border trading points be upgraded to permanent ones and more centers for the distribution of SME goods be opened

National News Bureau of Thailand

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BANGKOK, 12th August 2019 (NNT) – The Board of Trade of Thailand is working with the Ministry of Commerce to add value to the wide range of Thai goods for export, in reaction to the trade war between the United States and China.

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Fruit farmers coping with oversupply and price slumps

Thai Government vows to help fruit farmers, following the problem of product oversupply and price slumps, the Ministry of Commerce said.

National News Bureau of Thailand

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BANGKOK, August 2019 (NNT) – To help fruit farmers, following the problem of product oversupply and price slumps, the Ministry of Commerce has recently used Section 44, of the interim constitution, to engage government and private agencies in assisting them in terms of marketing to help sell the produce, including mangosteens, Lansium demesticum, rambutans, longans and other seasonal fruit.

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