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16 countries agree to conclude RCEP talks by end of this month

The final round of RCEP talks in Danang, Vietnam, is scheduled from September 19 to September 27 for senior officials to prepare various agenda pertaining to goods, services and investments

National News Bureau of Thailand

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BANGKOK, 9 September 2019(NNT)-The 51st ASEAN Economic Ministers Meeting has agreed that the final round of the Regional Comprehensive Economic Partnership (RCEP) talks in Vietnam should reach their conclusion by the end of this month.

Thailand’s Deputy Prime Minister/Commerce Minister Jurin Laksanawisit, who chaired the 7th RCEP meeting, said the final round of RCEP talks in Danang, Vietnam, is scheduled from September 19 to September 27 for senior officials to prepare various agenda pertaining to goods, services and investments which are to be submitted to an ASEAN Summit in Bangkok in November.

Then, the signing of RCEP agreements will take place next year.

The deputy prime minister commented that all the 16 ASEAN and trade partner countries should compromise in negotiations pertaining to goods, services and investments for the improved well-being of the people in each of those countries.

He said RCEP agreements will strengthen the economic and investment stability and cooperation among the 16 ASEAN and trade partner countries, which are to make common resolutions and compromises over the next three months so that a conclusion will be reached and submitted to the ASEAN Summit as planned.

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Business

One million people register on first day of Chim-Shop-Chai program

10 million persons will be able to register themselves to receive a 1,000 baht allowance each in the government’s electronic money mobile application

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A total of a million people have registered to join the government’s Chim-Shop-Chai (Taste-Shop-Spend) program, under which each of them will receive a 1,000 baht giveaway to be spent between September 27th and November 30th, on the first day.

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Thailand to Produce 2.5 Million Vehicles in 2030

Today there are about 15 million vehicles in Thailand and the Energy Ministry expects to see 1.2 million BEVs and plug-in hybrid electric vehicles within 2036.

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The Thailand Automotive Institute expects the country will produce 2.5 million vehicles in 2030 and about 200,000 of them will be battery electric vehicles (BEVs).

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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)

National News Bureau of Thailand

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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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