Eastern Economic Corridor
- Thailand News
Port progress ‘pier’-fectly on track: Laem Chabang sailing ahead
Laem Chabang Port’s third development phase is sailing ahead, now reaching around 45% completion, with Pier F poised to debut by late 2027, Deputy Transport Minister Manaporn Charoensri confirmed. This ambitious project forms a cornerstone of the Eastern Economic Corridor (EEC) Development Plan and is among the top 15 infrastructure priorities under the Paetongtarn Shinawatra administration. However, the latest report…
- Thailand News
Rayong governor assesses delayed U-Tapao Airport progress
Deputy Prime Minister Phumtham Wechayachai, along with Vice Minister for the Office of the Prime Minister Nahathai Tiwphaingam and Rayong Governor Traipob Wongtrairat, visited the delayed U-Tapao Airport and Eastern Aviation City development project sites yesterday to assess ongoing progress. Tharit Issarayangyun, Deputy Secretary-General of the Eastern Economic Corridor (EEC), provided a comprehensive progress update on the project, which is…
- Business News
Thailand introduces 10-year EEC visa to attract global talent
Aiming to bolster the Eastern Economic Corridor‘s (EEC) potential as a regional industrial powerhouse, Thailand’s Cabinet has sanctioned a novel 10-year visa specifically designed for top-level professionals and experts. The EEC visa is part of a strategic move to attract talent to the country’s targeted industries, as announced by deputy government spokeswoman Rudklao Intawong Suwankiri following a recent cabinet meeting.…
- 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…
- Pattaya News
Thailand sees surge in foreign investment in Q1
Thailand has seen a recent surge in foreign investment, according to recent statistics from the Thai Ministry of Commerce. Government spokesperson Chai Watcharong yesterday, April 25, unveiled these numbers, highlighting a significant upsurge in foreign investment within the first quarter of 2024. A staggering total of more than 35 billion baht has been funnelled into the Thai economy by foreign investors,…
- Business News
Healthy alliance: Thai-US partnership to inject vitality into EEC healthcare
A joint venture is underway between Thailand and the United States, aimed at boosting investments within the healthcare and medical sectors in the Eastern Economic Corridor (EEC). This initiative is designed to support healthcare services for both ageing and young populations while promoting targeted industries. Forecasts from the Thai Health Promotion Foundation indicate a rapid growth trajectory for the medical…
- Thailand News
EEC ID system set to transform foreign investment landscape
The Eastern Economic Corridor Office (EECO) unveiled plans for the introduction of the EEC ID system by September’s end. This innovative system, aimed at streamlining administrative processes for foreign investors and workers across the 35 promoted zones in Chachoengsao, Chon Buri, and Rayong provinces, promises to be a game-changer. Korkij Danchaivichit, EECO Deputy Secretary-General, projects a substantial uptake, with an…
- Business News
Thai Automotive Institute boosts EV industry with new test track
The Thailand Automotive Institute (TAI) is set to boost Thailand’s electric vehicle (EV) industry, constructing a test track to provide manufacturers with a range of testing services, subsequently becoming a new revenue stream for the country. This track, under construction in Chachoengsao, is designed to facilitate a broad spectrum of tests including braking and parking brake performance, speed, distance and…
- Thailand News
Don Mueang Airport expansion planned, while U-Tapao stalls
Airports of Thailand (AOT) has announced its plans to expand Don Mueang International Airport’s low-cost terminal, while U-Tapao Airport’s expansion faces delays. The expansion of Bangkok’s secondary airport aims to increase passenger capacity and bolster tourism income for the country. Don Mueang’s expansion project has a budget of 36.8 billion baht and is set to begin this year. But the…
- Pattaya News
Pattaya mayor launches task force to fix issues around the city
Vowing to take action, Pattaya Mayor Poramese Ngampiches assembled a task force to address many issues plaguing the city. After selecting dozens of people to work on the project, the mayor assembled his task force for the first time yesterday to send the 68 members around the city to look into problems. The 68 city officials fanned out across Pattaya…
- Economy News
US$37 billion smart city gets green light in Pattaya
Plans to build a US$37 billion smart city in Chon Buri got the go-ahead yesterday by the Eastern Economic Corridor Policy Committee. PM Prayut Chan-o-cha, who chaired the meeting, revealed the smart dream hub can be realised thanks to public and private investment in automotive, robotics, healthcare and logistics companies. The investment will create about 200,000 jobs and accommodate 350,000…
- Pattaya News
Flooding in Pattaya over 1 metre deep strands cars, floods homes
Pattaya was battered this morning by heavy rains that caused flooding in rural areas and major city roads in Pattaya and Banglamung. The floods stranded many vehicles on the road with some areas seeing floodwaters reaching up to 1 metre high. Many criticised local authorities as flood management projects were supposed to help avoid situations like this. The heavy rains…
- Central Thailand News
High speed rail connecting airports may start construction in October
The construction of a major high speed rail project connecting the 3 airports of Suvarnabhumi, Don Mueang and U-Tapai is eyeing an October start date for contraction. The rail will be connected to 3 airports and make links from one airport to another, via Bangkok, much faster. The project has been on the table for the past 5 years. The…
- Pattaya News
Investors see opportunity in Pattaya hotel market
Although travel restrictions are still tight, investors see potential opportunities in Pattaya’s hotel market. Many are reimagining the 2021 market by focusing on domestic demand. Property consultancy JLL says the ongoing Eastern Economic Corridor development comes into play. U-Tapao International Airport in Rayong expanding to increase capacity by 5 million passengers and a high speed rail is in the works…
- Economy News
Permanent residency, changes to quarantine period – Government mulls strategies to revive economy
“The government is considering offering permanent residency to those buying condos in the Kingdom.” Energy minister and deputy PM Supattanapong Punmeechaow has outlined a number of strategies the government hopes will help the Thai economy recover from the Covid-19 fallout. Permanent residency for some condo purchases, changes to the mandatory quarantine and incentives for foreign investment are all under discussion.…
- Bangkok News
After protest cleared, Government House hosts first foreign minister since the Covid-19 outbreak
After all the commotion outside Bangkok’s Government House this morning, with the protest broken up by a State of Emergency order and at least 20 people arrested, Thailand welcomed the first foreign minister since the Covid-19 outbreak. China’s foreign minister Wang Yi visited PM Prayut Chan-o-cha at the Government House today, the first since the pandemic. He arrived after pro-democracy…
- Thailand News
The Pattaya to Hua Hin bridge. Government discusses 900 billion baht investment.
The government is looking into a so-called “Thai Bridge” that would connect Pattaya to Hua Hin, an estimated 900 billion baht investment. The project would be part of the Eastern Economic Corridor development plan aimed at improving the transportation and infrastructure in Thailand. The 900 billion baht investment is expected to take 10 years to financially implement, according to chairperson…
- Pattaya News
Airbus pulls the plug on the joint Thai Airways’ maintenance facility at U-Tapao
Airbus, the European multinational aircraft manufacturer, has pulled the plug on an 11 billion baht joint venture with Thai Airways. The project was to develop a maintenance, repair and overhaul facility at the U-Tapao Airport in Rayong province. The airport also serves the seaside resort of Pattaya. The pull out is a huge blow to the Thai Government’s much hyped…
- Economy News
Asian Development Bank drops growth forecast for Thailand
“The bank forecasts a slightly higher growth rate at 3.2% next year, due largely to infrastructure investment in the Eastern Economic Corridor.” The Asian Development Bank is lowering its growth forecast for Thailand’s economy from 3.9% to 3% but is optimistic that conditions will improve next year. “The bank forecasts a slightly higher growth rate at 3.2% next year, due…
