BANGKOK (NNT) – Thailand expects investment to triple to at least 300 billion baht in the Eastern Economic Corridor (EEC) this year as investment projects previously held by the coronavirus outbreak get pushed forward again as the pandemic eases.

EEC Secretary -General Kanit Sangsubhan said actual investment in the EEC could be up from 96 billion baht in 2020, or 46% of total project applications as investors did not invest last year, and there will be a bunch of projects held up from previous years.

The EEC straddles eastern provinces and is a centerpiece of government efforts to boost growth and encourage investment particularly in high-tech industries. Investors are allowed to rent land for up to 99 years.

Source link

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Japan agrees defence deal with Thailand

As the leader of Asia’s sole member of the Group of Seven (G7), Kishida discussed Russia’s invasion of Ukraine during his trip to Southeast Asia, where only one nation – Singapore – has joined sanctions against Moscow

Can emerging economies leverage the foods of the future?

The production and consumption of food accounts for over 20% of global greenhouse gas emissions and more than 90% of freshwater consumption, highlighting the importance of fostering food-production systems that consume fewer resources and are more resilient to climate change.

Thailand’s Competitiveness Ranking Drops Five Places to 33

The Kingdom scored 68.67 this year, a significant drop from last year’s 72.52. Thailand’s score is well below this year’s average of 70.03.