Business

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.

Published

1 month ago

March 18, 2019

Aishwarya Gupta

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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Business

Understanding Asia’s fast-moving digital ecosystem

in 2017, Asia saw 319 million new mobile connections, compared with just 5 million new mobile connections in Europe over the same time period.

Published

19 hours ago

April 19, 2019

Rama Sridhar

The digital future of Asia is already here. In China, millions of people enter public transportation each day using their smartphones, emerge and pay for their breakfast with WeChat, and use an app to have their lunch delivered a few hours later.

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3.5/5 (2 Reviews)

Business

Oil consumption up 4-5% during Songkran

Oil consumption has risen by four to five percent during the Songkran festival or from April 12 until April 17

Published

3 days ago

April 17, 2019

National News Bureau of Thailand

Oil consumption rises 4-5% during Songkran festival

BANGKOK, 17 April 2019 (NNT) – The Department of Energy Businesses has disclosed that domestic oil consumption has risen by four to five percent during the Songkran festival or from April 12 until April 17, mostly due to journeys between the provinces and Bangkok for the long holiday.

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3.7/5 (3 Reviews)

Business

Thai fruit exports rise to $2.65 bln under FTA deals

Published

3 weeks ago

April 2, 2019

Boris Sullivan

BANGKOK, 1 April 2019 (NNT) – The Director-General of the Department of Trade Negotiations, Auramon Supthaweethum, said Thailand exported fruits worth 2.65 billion US dollars in 2018.

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3.7/5 (3 Reviews)