Search Results for: Industrial Estate Authority of Thailand
- Guides
The deadly Rama 2 Road: Why Thailand’s ‘Seven-Generation Road’ keeps claiming lives
Dissecting the crisis of ‘Seven-Generation Road’ Rama 2, where repeated construction accidents and crane collapses continue to claim lives, yet contractors keep receiving new projects, exposing legal loopholes that amount to paper tigers. If there is one road in Thailand that has become legendary for both its extraordinary length and the dangers hidden behind its development, Rama 2 Road, or…
- Environment News
Thailand climbs climate ranks but flunks on clean energy
Thailand was ranked 24th in a global climate index, receiving praise for emissions control but criticism for its weak renewable energy efforts and policies. The ranking highlights a high score for Greenhouse Gas (GHG) emissions, a medium score for energy use, but a disappointing low score for renewable energy adoption and a low score for climate policy. To further align…
- Business News
Thailand boosts green industry with World Bank project
Efforts are underway to enhance carbon data management in Thailand’s industry to boost investment in the Map Ta Phut sandbox, a collaborative project between the World Bank and the Industrial Estate Authority of Thailand (IEAT). This initiative aims to reduce carbon dioxide emissions and support factory operators in Rayong’s Map Ta Phut Industrial Estate in transitioning to businesses based on…
- Thailand News
Thailand secures South Korean investment in Smart Park project
The Industrial Estate Authority of Thailand (IEAT) has successfully attracted an investment commitment of US$500 million (approximately 17 billion baht) from South Korean investors for the development of Smart Park. The initiative, part of the Now Thailand – The Golden Era campaign, aims to position Thailand as a prime destination for international business ventures. Yuthasak Supasorn, Chairperson of IEAT, welcomed…
- Business News
Thailand’s SMEs to receive 1.9 billion baht support fund
Industry Minister Akanat Promphan is advancing initiatives to assist small and medium-sized enterprises (SMEs) in mitigating financial pressures and enhancing their technological capabilities to remain competitive. The Industry Ministry’s broader objective is to reform Thailand’s manufacturing sector, according to Akanat. To this end, the ministry plans to provide financial aid through its SME development fund, aiming to alleviate the financial…
- Business News
Thailand to develop SME-focused industrial estate in EEC
The Industrial Estate Authority of Thailand (IEAT) is planning to develop a new industrial estate tailored specifically for small and medium-sized enterprises (SMEs) within the Eastern Economic Corridor (EEC). Sumet Thangprasert, the acting governor of IEAT, confirmed that a portion of an IEAT-owned industrial estate in the EEC would be utilised for this project. The EEC, encompassing regions like Chon…
- Business News
Thailand launches 20 billion baht fund to support struggling SMEs
Industry Minister Akanat Prompan announced plans to establish an Industrial Reform Fund worth at least 20 billion baht (US$593 million). This initiative aims to support manufacturers, particularly small and medium-sized enterprises (SMEs), in addressing liquidity challenges and enhancing their competitiveness. SMEs are currently facing significant liquidity issues and difficulties in accessing financial resources amidst intensifying competition and rapid technological advancements,…
- Thailand News
Myanmar civil war boosts maritime trade at Thailand’s Ranong Port
Myanmar’s shift to maritime transport for exports due to its civil war is increasing activity at Ranong Port in Thailand, potentially boosting the government’s Land Bridge project. Deputy Transport Minister Manaporn Charoensri indicated that the civil war in Myanmar has disrupted cross-border trade with Thailand, prompting entrepreneurs to use Ranong Port instead of land routes through Tak’s Mae Sot district.…
- Business News
Thailand’s eastern corridor factories prepared for drought season
Factories within Thailand’s Eastern Economic Corridor (EEC) are poised to weather an impending drought season, thanks to preventative measures undertaken by the Industrial Estate Authority of Thailand (IEAT). The EEC, which encompasses sections of Chon Buri, Rayong and Chachoengsao, is home to 41 industrial estates and 6,000 factories, and the daily demand for water across these establishments amounts to 1.5…
- Business News
Chinese firms eye EV supply chain in Thailand’s Smart Park
Chinese companies have shown keen interest in the EV supply chain and energy sectors of the Smart Park Industrial Estate, situated in Rayong, Thailand. This industrial estate is due to open by the end of the current year, according to the Industrial Estate Authority of Thailand (IEAT). The companies aim to establish factories manufacturing EV components to cater to the…
- Business News
Q-Con’s land acquisition set to boost southern Thailand’s economy
The Industrial Estate Authority of Thailand (IEAT) anticipates its recent land sale to Quality Construction Products Plc (Q-Con), a lightweight brick manufacturer, to bolster the increasing demand for bricks and endorse the government’s economic upliftment plan for the southern region. Situated in the Southern Region Industrial Estate, the 35-rai land was acquired by Q-Con, which had committed to a purchase…
- Phuket News
Phuket on course to become a top eco-industrial city by 2027
Earlier today, Phuket Provincial Hall played host to an informative workshop, aimed at fostering a comprehensive understanding of the plans to transform Phuket into a renowned eco-industrial city. This initiative was overseen by Phuket Vice Governor Sattha Thongkam, to disseminate knowledge on ideal methodologies for environmental preservation, protection, and restoration across diverse sectors. The workshop is deemed instrumental in aiding…
- Business News
Thai industrial authority partners with Japanese firms for green utility project
The Industrial Estate Authority of Thailand (IEAT) is collaborating with Japanese firms, IHI Corporation and IHI Asia Pacific (Thailand) Co, on a green utility project at the Smart Park Industrial Estate in Rayong. The initiative, aimed at encouraging eco-considerate manufacturing, will involve a feasibility study on the development of renewable energy and green infrastructure. The study marks the first phase…
- Business News
Thailand’s new green utility tariff boosts renewable energy use
The unveiling of a Green Utility Tariff (GUT) next month is set to bring about a significant progression in renewable energy use within Thailand, bolstering local businesses and attracting foreign investment. This move has been eagerly awaited by numerous companies considering expansion into Thailand, as they seek not only the necessary infrastructure but also a source of clean energy to…
- Business News
Thailand recalibrates incentives to boost renewable energy initiative
The Industry Ministry is set to recalibrate incentive packages for organisations as part of the RE100 global renewable energy initiative. This move is intended to allure more investors and facilitate new investment within the nation. RE100, a worldwide initiative comprising hundreds of companies, is committed to 100% renewable energy usage. This aligns with Thailand’s ambitions of reducing carbon dioxide emissions…
- Thailand News
PTT Plc to turn Laem Chabang into Thailand’s first green port
PTT Plc, the Thai state-owned oil and gas company, is set to transform Laem Chabang deep-sea port into a pioneering example of green ports across Thailand. Noppadon Pinsupa, the Chief Operating Officer of PTT’s Downstream Petroleum Business Group, revealed plans yesterday for the development of the GPC International Terminal. The terminal, the victor in the bid for the third phase…
- Business News
Rise in expatriate residence in Thailand prompts tourism benefits plan
Thailand’s popularity as a residence of choice for expatriates and remote workers is on the rise. As per the data from the Employment Department and Colliers Thailand, the first quarter of this year saw 156,596 expatriates, with over half based in Bangkok. The leading nationalities were Japanese, Chinese, and Indian last year. However, recent reports show an increased interest among…
- Business News
Thailand’s mega land bridge project: an economic boon or environmental bane?
The Industry Ministry of Thailand is currently assessing the environmental impact of a proposed land bridge megaproject in the southern part of the country, a venture that promises to significantly bolster the Thai economy in the future. This assessment is crucial to determining the project’s viability and addressing any potential negative effects on the environment. The proposed land bridge, which…
- Business News
Thailand and China’s Guangxi discuss bolstering trade via ILSTC route
Trade discussions took place yesterday between Thailand and China‘s Guangxi Zhuang Autonomous Region, focusing on the potential use of the New International Land-Sea Trade Corridor (ILSTC) to enhance trade cooperation. Guangxi Zhuang, a southern Chinese region adjacent to Vietnam, is the operational hub of the ILSTC, a trade and logistics channel. The route extends from Chongqing to the Beibu Gulf…
- Thailand video news
Thailand News Update | Test & Go compulsory insurance policies
As the dust settles on yesterday’s announcement of the reopening of the Test and Go program, the details are slowly emerging of a Test & Go, version 2, which will now require additional paperwork and expenses, including an additional PCR test on Day 5. This means you have to book an SHA+ hotel for both Day 1 and Day 5 of…
- Business News
Foreign investors and businesspeople seek clarity about the current “situation” in Thailand
With Thailand battling to come up with a safe and sustainable manner of re-opening its borders, and the footage of the street protests reaching out to a world audience, foreign investors are saying they need more details of what they can or cannot do in Thailand under the new State of Emergency. The Thai Chamber of Commerce is calling for…
- Thailand News
Phuket Gazette Thailand News: Flood under control, media blamed for ‘panic’
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Floods ‘under control’ The Nation / Phuket Gazette PHUKET: While industrial estates and households along waterways are bracing for heavy water runoff, the authorities have soothed public fears, saying the situation will not be as bad as in 2011. “The situation, so far, is not as…
- Property
Industrial real estate demand on rise
PHUKET: This fiscal year, the Industrial Estate Authority of Thailand (IEAT) has forecasted sales and rentals to cover between 3,600 to 3,800 rai (1,440 to 1,520 acres) of land in both its own and privately owned industrial estates. The 2013 Thai fiscal year began on October 1, 2012 and will last until the end of September, this year. IEAT governor…
- Cannabis News
Thailand News: Group to appeal; Myanmar decision expected; Forest fires
PHUKET MEDIA WATCH – Thailand news compiled by Gazette editors for Phuket’s international community Rayong people to appeal against court verdict on land documents Phuket Gazette / The Nation PHUKET: Local residents from Rayong’s Mae Ramphueng area will be appealing to the Supreme Administrative Court against the lower court’s decision to drop their complaint over the land rights documents held…
- Crime News
Thai tyre factory closed for illegal hazardous waste transport
The Industrial Estate Authority of Thailand has ordered the closure of Prince Chengshan Tire (Thailand) Co., Ltd. due to repeated violations involving the illegal transport of hazardous waste from its factory without permission. This action follows previous incidents, including the seizure of tyres lacking Thai Industrial Standards (TIS) and tampered production dates. On July 31, the Industrial Estate Authority shut…
- Thailand News
Thai tourism at a crossroads: Can the industry survive?
Thailand’s tourism industry is facing a critical turning point, according to Yuthasak Supasorn, Chairman of the Industrial Estate Authority of Thailand (IEAT) and former governor of the Tourism Authority of Thailand (TAT). While Thai tourism has weathered numerous crises in the past, it is now confronted with a significant structural change and a noticeable decline in tourist numbers. “Thai tourism…
- Business News
Economic waters rise: Thai business sector flooded with challenges
The business sector is facing a stormy crisis this monsoon season as severe flooding batters key economic regions across Thailand. Provinces like Chiang Mai and Chiang Rai have been hit hard, with water levels reaching devastating heights—marking the first time in decades that such catastrophic flooding has occurred. Officials are closely monitoring the Chao Phraya River, issuing early warnings in…
- Tourism News
Thai tourism must shift to supply-driven strategy for 2025, says TAT
The Thai tourism industry must adopt a supply-driven strategy to enhance its competitiveness, according to the former governor of the Tourism Authority of Thailand (TAT). The TAT outlined its marketing direction for 2025, aiming to increase revenue by 7.5% from 2024, targeting 39 million foreign arrivals and 205 million domestic trips. This figure is a revision from the 220 million…
- Thailand News
Map Ta Phut fire: Company hero’s selfless act ends in tragic death
A selfless act of bravery by a 36 year old company employee attempting to close a valve on a tank moments before a gasoline explosion has tragically cost him his life. The incident occurred during a fire at the Map Ta Phut Tank Terminal in the town of Map Ta Phut, Rayong province, resulting in one fatality and several injuries.…
- Thailand News
Toyota’s electric pickup fleet revs up Thai beaches
Toyota’s groundbreaking project in Pattaya showcases nine fully electric Hilux Revo pickup trucks revamped for public transport, marking a pivotal moment in Thailand’s automotive landscape. Reflecting Japan’s determination to reclaim the electric vehicle (EV) market throne from Chinese rivals, this initiative aims to redefine urban transit in the Land of Smiles. Surapoom Udomwong, Executive Vice President of Toyota Motor Thailand…
