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New incentives for Electric vehicle and railway investment in EEC

The Thai government has continued to promote investment in the Eastern Economic Corridor (EEC), especially its electric vehicle and railway sectors.

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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.


Firms looking for investment incentives must apply for the privileges by December 30th, 2019

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.


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Private hospitals briefed on notification of drug prices

Some hospitals were reported to charge the prices of drugs 8,000-16,000% higher than the average prices. The private hospitals are currently required to submit the buying and selling prices of drugs to the Department of Internal Trade by July 12.

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BANGKOK, 18 June 2019 (NNT) – The Department of Internal Trade today invited representatives of 353 private hospitals nationwide to a briefing on the public notification of the prices of drugs, medical supplies and medical services to patients are treated at hospitals.

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ASEAN Economic Forum to focus on “Advancing Partnership for Sustainability”

This year, as the ASEAN Chairman, Thailand has proposed the concept of “Advancing Partnership for Sustainability” as the main topic of 2019’s ASEAN Leaders Meeting.

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BANGKOK, 17 June 2019 (NNT) – At the 34th ASEAN Summit, Thailand will propose plans for promoting cooperation in various areas needed among ASEAN countries and accelerate implementation of the plans by this year under the concept of “Advancing Partnership for Sustainability” which will be the main topic of this ASEAN Leaders Meeting.

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King Power wins Duty Free auction for Thailand’s main airports

King Power is adding three regional airports to its duty-free concession portfolio after winning the bid for Suvarnabhumi

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BANGKOK, 12 June 2019 (NNT) – King Power today won the bidding to run duty-free shops in three regional airports, marking another victory for the firm which previously won two licenses to operate duty-free shops and the commercial zone at Bangkok’s Suvarnabhumi Airport.

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