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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.

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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Large Shopping Malls in Bangkok Will Be Closed until July 25th

Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.

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BANGKOK (NNT) – Large-scale shopping malls in Bangkok and in some dark-red zone provinces are now closed for two weeks, to comply with the latest COVID-19 curbs in 10 provinces.

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Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak

The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.

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The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.

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