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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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Business

Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

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Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

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Investment

Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

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In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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