EEC
- Transport News
EEC high-speed rail contract revisions to Cabinet in two weeks
Proposed revisions to the contract for the high-speed rail project connecting three major airports are expected to be submitted to the Cabinet within two weeks, according to Finance Minister Pichai Chunhavajira. Pichai, who also chairs the Eastern Economic Corridor (EEC) Policy Committee, announced that the committee had approved changes to five critical points in the contract. The committee is currently…
- Business News
EEC housing market crashes: It’s a real estate shake-up
Sales of residential units in the Eastern Economic Corridor (EEC) have taken a nosedive, particularly near industrial estates, following a wave of factory closures. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), pointed the finger at the shuttering of large factories since last year, which has severely impacted housing demand in Chon Buri and Rayong. “New sales…
- Thailand News
Bangkok airports high-speed rail project hits the brakes
The high-speed rail project set to connect Bangkok’s three major airports has been thrown into limbo, as contract amendments grind to a halt. The delay is blamed on the lack of a new chairman for the Eastern Economic Corridor (EEC) Policy Committee, a role that must be filled by the incoming Cabinet—still nowhere in sight. The ambitious 276.5-billion-baht project promises…
- Thailand News
Thailand to revise EEC high-speed rail contract by next month
Government officials anticipate finalising the revised contract for the Eastern Economic Corridor (EEC) high-speed rail system by next month, paving the way for the project’s next phase. This high-speed rail system, a cornerstone project for the EEC, aims to connect Don Mueang, Suvarnabhumi, and U-Tapao airports. The State Railway of Thailand (SRT) and Asia Era One, a consortium led by…
- Thailand News
Thailand signs MOU for comprehensive electric charging station project
The Electricity Generating Authority of Thailand (EGAT), the Office of the Eastern Economic Corridor Policy Committee (EECO), and the Thai Department of Energy Business signed a Memorandum of Understanding (MOU) on Monday concerning a comprehensive electric charging station project within Thailand’s Eastern Economic Corridor (EEC). The ceremony took place at the EGAT Head Office in Nonthaburi. Sarawut Kaewtathip, director-general of…
- Thailand News
EEC water miracle: Government’s plan ensures businesses swim through summer
The Eastern Economic Corridor (EEC) can breathe a sigh of relief as the government swoops in to address concerns over looming water shortages, promising a well-hydrated future until the summer of next year. The EEC, a flagship special economic zone spanning Rayong, Chon Buri, and Chachoengsao, faced imminent water crises, raising alarms within the community. Deputy Prime Minister Somsak Thepsutin…
- Business News
Prime Minister announces initiatives to attract foreign investment in EEC
Prime Minister Srettha Thavisin unveiled a strategic plan during a mobile meeting aboard special train No 995 aimed at intensifying efforts to allure foreign investment into the Eastern Economic Corridor (EEC). Departing from Bangkok Station in Hua Lumphong and heading to Laem Chabang Station in Chon Buri’s Sri Racha district, the prime minister took the opportunity to assess and survey…
- Thailand News
Thai PM affirms progress of Eastern Economic Corridor of Innovation
Commendable strides have been achieved in the first five years of the Eastern Economic Corridor of Innovation (EECi), said Thai Prime Minister Prayut Chan-o-cha. He said intense innovation and research activity outlined the success of this endeavour. PM Prayut, alongside Interior Minister, Anupong Paojinda, Thanakorn Wangboonkongchana, Minister of the Prime Minister’s Office, and Labour Minister, Suchart Chomklin embarked on a…
- Economy News
Koh Lan to get “neo” branding to attract tourists
The popular resort island of Koh Lan, about 8 kilometres off the Pattaya coast in the Gulf of Thailand, will become “Neo Koh Lan”, as Pattaya is being upgraded as a tourism and investment hub under the Thai government’s poster economic project, the Eastern Economic Corridor (EEC) scheme. Pattaya’s mayor says the island, along with Koh Sichang (north of Koh Lan)…
- World News
Thailand’s eastern economic zone lobbies for increase in foreign business visitors
Thailand’s Eastern Economic Corridor is pushing for more foreign business people to be allowed to enter Thailand when the country reopens for international visitors. No date has yet been confirmed for this. The EEC is a special economic region consisting of the eastern provinces of Chonburi, Chachoengsao, and Rayong, with the purpose of developing these provinces into an important ASEAN…
- Economy News
U-tapao and Eastern Airport City deal officially signed
The deal for a public/private partnership for the U-tapao International Airport and Eastern Airport City projects has been officially signed. The agreement is between the Eastern Economic Corridor Office of Thailand and U-tapao International Aviation Company. PM Prayut Chan-o-cha chaired the signing ceremony yesterday at Government House. The deal is for a major infrastructure project to upgrade U-tapao, which serves…
- Covid-19 News
Tourism sector prepares to resume business
Businesses that have been battered by the Covid-19 outbreak, especially those in the Eastern Economic Corridor (straddling Chonburi, Rayong, and Chachoengsao provinces) that rely mainly on tourism, are in desperate need of support. But the vice chairman of the Thai Chamber of Commerce says it’s still too early to predict when tourism will recover, as it largely relies on arrivals…
- Business News
American firms want to relocate to Thailand to counter US-China trade war
PHOTO: “You’re all welcome!” – Thai PM Prayut Chan-o-cha at the ASEAN Business Summit – Bangkok Post US business leaders visiting Thailand are looking for opportunities, especially relocating their production bases, as they try to sort out heir businesses in the wake of the US-China trade war. The US Secretary of Commerce Wilbur Ross and executives of 16 American companies…
- Economy News
Chonburi manufacturers suspend operations, workers laid off
PHOTO: Nippon Steel Steel Processing Company storage yard and port facilities Thailand’s division of the Nippon Steel Steel Processing Company, in Rayong province, says they will suspend operations, temporarily, starting November 9, citing a steady drop in steel sales. Japan’s local affiliate Nippon Steel, says that, if all its employees work full-time, the company’s output of steel will far exceed…
- Transport News
Three Thai high-speed train projects shelved
“As the high-speed train system in Laos is nearing completion, he said that Thailand must speed up its construction of the Bangkok-Nong Khai project.” Three high-speed train projects are being shelved by the Thai government due to lack of interest from co-investors. Sources at the Transport Ministry have told Thai PBS World that none of the three projects were included…
- 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…
- World News
The Thai charm-offensive on the South Korean President
Thai PM Prayut Chan-o-cha is inviting South Korean investors to increase their investment and trade with Thailand. The PM says Cabinet will consider offering incentives for South Korean businesses to invest in the country. South Korean President Moon Jae-in capped off an official two day visit to the Kingdom yesterday. The Thailand-Korea Business Forum was held yesterday in Bangkok with…
- Business News
Thai Government to focus on EEC projects to propel economy
PM Prayut Chan-o-cha will unveil his new government’s policy statement in Parliament when it sits formally on Thursday. Leaks to the media indicate his 12 ‘urgent’ and 12 ‘long-term’ policies will help Thailand step up to “developed-nation status” with many of the policies focussing on the Eastern Economic Corridor project. Among the urgent policies, the sixth calls for a “future-proof”…
- Technology News
Huawei running 5G testbeds in Thailand
China phone-giant Huawei, along with Thailand’s Digital Economy and Society Ministry and interested partners, is now turning the much-awaited 5G Testbed into a reality. As the first and only vendor so far to deliver the 5G network to Thailand’s 5G Testbed in the Eastern Economic Corridor in Sri Racha, Huawei is providing a platform that will be used for end-to-end…
- Business News
Huawei continues investing in Thailand
PHOTO: Huawei president for SE Asia, James Wu during media conference at MWC 2019 in Barcelona, Spain. by Somluck Srimalee, The Nation Chinese tech giant Huawei Group has set aside an investment budget of US$81 million (2.5 billion baht) for Southeast Asia towards ICT enablement from 2019-21, focusing on OpenLabs, enabling cloud developers and cultivating ICT talent, James Wu, said.…
