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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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Investment

Asia Pacific REITs raise a record amount of US$14 billion in 2019

REITs in APAC have raised over US$14 billion so far in 2019, surpassing the previous record of US$13.8 billion in 2013, according to JLL data.

Bahar Karaman

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Real Estate Investment Trusts (REITs) in the Asia Pacific region have raised a record amount of capital this year, as investors sought more defensive, yield-based stocks amid growing global economic and political uncertainty.

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Alibaba will offer 500 million shares at a maximum of HK$188 apiece, the company said. The number eight is considered auspicious in China.

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Chinese technology giant Alibaba on Friday confirmed plans to list in Hong Kong in what it called a $13 billion vote of confidence in the turbulent city’s markets and a step forward in its plans to go global.

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Thailand’s FDI applications up 69% in the first nine months of 2019

The total value of FDI applications received by the BOI in the nine months to September increased 69% from the year earlier period, to a total value of 203.37 billion baht, according to the latest data from the BOI

Boris Sullivan

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Thailand continued to attract rising foreign direct investment (FDI) in the first nine months of 2019, with increased number of investment project applications according to public agency Thailand Board of Investment (BOI).

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