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

9 months 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.

Business

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

Published

1 month ago

November 4, 2019

Boris Sullivan

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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Business

Thai Labour minister calls meeting after U.S. GSP cut

The Minister of Labour has called an urgent meeting to address the labour concerns cited by the U.S. as a factor in the decision to revoke trade preferences.

Published

1 month ago

October 29, 2019

National News Bureau of Thailand

BANGKOK (NNT) – The decision by the U.S. to suspend Generalized System of Preferences (GSP) treatment to Thailand, requiring all Thai exports to the U.S. to be subject to duties, has raised confusion among many sectors in Thailand.

(more…)

Business

Thailand edges up 6 spots in World Bank’s Ease of Doing Business 2020

While many economies in the East Asia and the Pacific region make doing business relatively easy, the pace of reforms has slowed from previous years.

Published

2 months ago

October 25, 2019

Boris Sullivan

Thailand’s ranking in the World Bank’s Ease of Doing Business 2020 list has edged up 6 places, from 27th to 21st this year from 190 countries surveyed

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