Connect with us

Phuket

Malaysia to build free trade zone at Thai border

Published

 on 

Malaysia to build free trade zone at Thai border | Thaiger

KUALA LUMPUR (AFP) – A free-trade industrial zone costing three billion ringgit (789 million dollars) is to be developed near the Malaysian/Thai border over the next decade, a senior official said today. The “ASEAN Industrial Metropolis”, covering 2,400 hectares (5,928 acres), will be built at Bukit Kayu Hitam in the northwestern Malaysian state of Kedah, the state’s chief minister, Syed Razak Syed Zain, said. The zone will include areas for heavy industry and small and medium industries, an Immigration and Customs complex, a commercial center, and housing, the Bernama news agency quoted him as saying. It is scheduled for completion in 2010. “When fully operational, the project will attract investments worth 20 billion ringgit and create 20,000 job opportunities for locals and Thais,” he told reporters. Prime Minister Mahathir Mohamad is expected to preside at the ground-breaking ceremony early next month. Syed Razak said the project would be one of the most modern and largest free trade areas in an ASEAN (Association of Southeast Asian Nations) member country. The Thai international resort island of Phuket, a half hour flight from the Malaysian border, has for years spoken of plans to create a free trade zone and/or “cyber port”. With today’s announcement here, Phuket’s aspirations are thrown into doubt. Three years ago, the Malaysian/Thai border town of Langkawi introduced incentives, including duty and tax free imports, for local and international yachtsmen. The move resulted in scores of large yachts vacating Phuket where the Thai levies on pleasure vessels exceed 210 percent.

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Eastern Thailand5 hours ago

German man believed to have monkeypox briefly fled police

Thailand6 hours ago

New app to help migrant women in Thailand facing abuse

Cambodia7 hours ago

Nigerian man recovers from monkeypox, handed to Cambodian authorities

Sponsored2 days ago

The return of the most important coffee event in Thailand

World8 hours ago

Unusually heavy floods in Pakistan kill 549, thousands of homes damaged

Thailand8 hours ago

How to get the Thailand Elite Visa?

Transport8 hours ago

BTS is offering a free ride… with your mom

Join the conversation on the Thaiger Talk forums today!
Bangkok9 hours ago

Fire at Energy Ministry’s compound in Bangkok

Phuket10 hours ago

2 meth busts in Phuket this past week

Politics10 hours ago

NIDA Poll: PM Prayut should not extend term after August 24

Chon Buri12 hours ago

Mountain Pub fire: 15 victims dead, owner arrested, club uninsured

Chon Buri12 hours ago

Police transferred, safety measures enacted in wake of Mountain B fire

Bangkok12 hours ago

Bangkok taxi driver who snapped himself raping teen gets jailed

Video13 hours ago

Building a $100mil business in Thailand feat. Michael Kenner | Thaiger Podcast Ep. 1

Tourism13 hours ago

Major jump in Thailand Airbnb searches

Economy14 hours ago

Thailand’s hotels are short on workers

Thailand11 months ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand1 year ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism1 year ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket1 year ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism1 year ago

Phuket Thai food treats you need to try | VIDEO

Thailand1 year ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism1 year ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending