The Thai government has continued to promote investment in the Eastern Economic Corridor (EEC), especially its electric vehicle and railway sectors.
Prime Minister Gen Prayut Chan-o-cha chaired a meeting of the Board of Investment (BOI). The meeting resolved to support investment in the EECi, or Eastern Economic Corridor of Innovation.
This would involve the establishment of a science park in the corridor to foster research and development.
Firms looking for investment incentives must apply for the privileges by December 30th, 2019 and establish a base of operations in the EECi by December 30th, 2022.
Furthermore, the BOI resolved to support investment in the Orange Line electric railway from Bang Khun Non – Minburi, as well as in Plug-In Hybrid Electric Vehicles, which are currently being developed by Mitsubishi Motors (Thailand) Co., Ltd.
EECO to push for educational upgrades, develop human resources
The Eastern Economic Corridor Office of Thailand (EECO) has continued to push for educational upgrades and develop human resources to meet the needs of the labor market for the EEC project.
The EECO has cooperated with the government to hold a meeting to summarize the study on the demand for manpower in the target industries.
The opening session was presided over by EECO Secretary General Khanit Saengsuphan.
The EECO has planned on upgrading education quality according to the needs of modern industrial development and organize educational curricula and learning to meet requirements of jobs to allow personnel to earn high incomes.
Bank cuts Thai 2020 GDP growth outlook to 2.7%
SCB’s Economic Intelligence Center (EIC) has released its latest growth forecast, at 2.7 percent, showing a slow recovery from just 2.5 percent economic growth in 2019
SCB’s Economic Intelligence Center (EIC) has released its latest forecast, indicating that the Thai economy at the end of 2020 will have grown by 2.7 percent, showing a s recovery from just 2.5 percent economic growth in 2019, thanks to a better performing export sector and improved global economy.(more…)
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.
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.
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