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BYD Chinese electric auto-maker keen to invest in EEC

BYD Auto is China’s major manufacturer of electric cars, buses, monorail trains and rechargeable battery

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Chinese investors are keen to invest  in Thailand’s Eastern Economic Corridor (EEC) as well as in Phuket and Chiang Mai.

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This was disclosed by  Deputy Prime Minister Somkid Jatusripitak as he met several major Chinese businessmen. Dr Somkid said a meeting with a top executive of a major Chinese auto manufacturer BYD, Mr Wang Chuanfu, showed the company was interested in several railway projects in Thailand.

BYD Auto is China’s major manufacturer of electric cars, buses, monorail trains and rechargeable battery. Dr Somkid said BYD  is interested in investment in several routes of Thai railway projects.

It plans to invest in monorail system in the Eastern Economic Corridor (EEC) project and other major cities such as Chiang Mai, Phuket to serve expansion of Thailand rail system, he said.

The Chinese manufacturer is also willing to transfer technological know-how in light rail system to Thailand, he said. Meanwhile another Chinese logistics firm Best Logistics Technology Co chief executive Mr Johnny has  decided to invest 5 billion baht in the EEC to develop technology, researches and logistics system. Major Chinese electric auto-maker keen to invest in EEC  – Thai PBS English News

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Thailand Approves Latest Economic Relief Package for Businesses

Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.

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On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.

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Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)

The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.

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The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.

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Asia-Pacific sees 3.9% growth in deal activity in February 2021

Boris Sullivan

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Chair’s Statement on the Informal ASEAN Ministerial Meeting (IAMM)

The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.

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