EEC

  • Central Thailand

    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…

  • Economy

    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)…

  • Coronavirus (Covid-19)

    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

    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…

  • Coronavirus (Covid-19)

    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…

  • Pattaya

    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…

  • Business

    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

    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

    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

    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…

  • Transport

    Three-airport high-speed train project stumbles forward

    One of the delayed Thai high-speed rail projects is now closer to being inked by the State Railway of Thailand and CP Holding’s joint venture, once an agreement on some key details of the public-private partnership project are reached. The new railway service will connect Bangkok’s Suvarnabhumi and Don Mueang international airports, with U-Tapao in Rayong, serving Pattaya and the…

  • ASEAN

    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

    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

    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

    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.…

  • Business

    Airbus scales back in the UK and invests more in Thailand’s new aviation maintenance hub

    by Supalak Ganjanakhundee Uncertainty over Thailand’s political situation is apparently less of a concern for Airbus than the political uncertainties in the UK with Brexit looming. Whilst Airbus is pulling out some of its manufacturing in Britain, the European consortium is now looking to Thailand for new maintenance and repair facilities to help service the rapidly growing ASEAN aviation sector.…