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High-speed rail project to link three airport to be signed next month

Contracts to link three airports and the Map Ta Phut industrial port development project expected to be signed between state firms and private concessionaires next month.

National News Bureau of Thailand

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The Eastern Economic Corridor Policy Committee has acknowledged progress in the high-speed rail project to link three airports and the Map Ta Phut industrial port development project.

Contracts for both projects are expected to be signed between state firms and private concessionaires next month.

The Eastern Economic Corridor Policy Committee, chaired by Prime Minister Gen. Prayut Chan-o-cha, acknowledged approval by the National Environment Board, chaired by Deputy Prime Minister Gen. Prawit Wongsuwan, for an Environmental Impact Assessment study on the high-speed rail project to link three major airports. The State Railway of Thailand and the private concessionaire are expected to sign the construction contract next month.

This is the first public-private joint venture of the Eastern Economic Corridor project. The Eastern Economic Corridor Policy Committee also acknowledged progress in Map Ta Phut industrial port’s Phase 3 development project, the contract for which has been scrutinized by the Office of the Attorney General.

It is to be resubmitted to the Eastern Economic Corridor Policy Committee by July 1 before being forwarded to the cabinet. The Industrial Estate Authority of Thailand and the private concessionaire are expected to sign the contract next month.

National News Bureau Of Thailand

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Corporate

Thailand rolls out new package to attract foreign investors

Thailand endorsed a package of measures, called ‘Thailand Plus’ which aimed at attracting more foreign investment, especially to expedite investments from companies seeking to relocate as a result of the ongoing trade war

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 Thailand’s economic ministers meeting on Sept. 6, 2019 endorsed a package of measures, called ‘Thailand Plus’ which aimed at attracting more foreign investment, especially to expedite investments from companies seeking to relocate as a result of the ongoing trade war, Kobsak Pootrakool, Deputy Secretary-General to the Prime Minister, said after the meeting.

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China

More manufacturers to relocate from China to Southeast Asia

JLL anticipates the trend to accelerate as the China-US tariff war are driving more companies in China to relocate their operations to other countries to avoid US tariffs and maintain their competitiveness.

Daniel Lorenzzo

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Bangkok, 11 July 2019 – More manufacturers have relocated from China to Southeast Asia over the past few years largely because The Red Dragon’s labor costs have become less and less competitive. This trend has been reinforced by the China-US trade war that began in 2018.

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Investment

SET up 6.8% at end of June, highest performer in Asia

The Set is up 10.6 per cent from the end of 2018 to 1,730.34 points and SCB Securities thinks the Thai stock market may now rise to 1,750 points.

Olivier Languepin

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The Stock Exchange of Thailand (SET) Index at the end of June showed an increase of 6.8 per cent over the previous month, making the best performer in Asia.

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