A total of 884 foreign companies were approved to invest in Thailand in the first 11 months of 2024 under the Foreign Business Act of 1999, with a total investment of over 213.96 billion THB (6.26 billion USD), representing a year-on-year surge of 118%, the Department of Business Development reported on December 24.
Demand for more raw water to serve business growth in the Eastern Economic Corridor (EEC) of Thailand, particularly data centres and cloud services, has prompted a new study on joint water management from two suppliers in the country.
Thai Deputy Commerce Minister Suchart Chomklin and his Turkish counterpart Mustafa Tuzcu have agreed to resume negotiations on a free trade agreement (FTA) between the two countries.
The Thai Government is preparing a new set of privileges, including exempting corporate tax for 15 years, to draw more investors in targeted industries to the Eastern Economic Corridor (EEC).
The Thai government projects that some 200,000 jobs worth 1.2 trillion THB (35.03 trillion USD) will be created during the development process of the Business Centre and Liveable Smart City within the Eastern Economic Corridor (EEC).
In a move to bolster Thailand’s Eastern Economic Corridor (EEC), Prime Minister Srettha Thavisin has been actively laying the groundwork to attract foreign investment into the region.
Thai authorities are aiming to boost their gross domestic product (GDP) by promoting a plan to generate a 2.2 trillion THB (64.9 billion USD) investment into five targeted industries within the Eastern Economic Corridor (EEC) by 2026.
The Eastern Economic Corridor (EEC) Office is speeding up efforts to encourage private companies to join the government in transforming the economic zone into Thailand's high-tech industrial hub.
The construction of an automotive and tyre centre in the Eastern Economic Corridor is now more than halfway complete, with the center expected to be fully operational in 2026. The Thai government hopes this facility will promote Thailand as a global manufacturing base for electric vehicles.
Thailand is seeking to attract more US investment in the Eastern Economic Corridor (EEC), particularly its renewable energy, digital economy and smart electronics sectors.
The Thai Government on August 9 approved the allocation of 165ha of land in the Eastern Airport City project to create a free-trade zone within the Eastern Economic Corridor (EEC), in a bid to attract investors and businessmen.
The Board of Investment (BOI) of Thailand on June 1 approve tax incentives for four major investment projects with combined investment value of 209.478 billion THB (around 6 billion USD).
Thailand’s PTT and China’s Foxconn have established joint venture company Horizon Plus to manufacture electric vehicles (EVs) in Thailand in the Eastern Economic Corridor (EEC).
The proposed land bridge megaproject, which will connect Chumphon on the eastern coast of the Gulf of Thailand to Ranong on the Andaman Sea, will become a major transit port, with a capacity rivalling Hong Kong, according to Thailand's Transport Ministry.
The Government of Thailand looks to restructure the economy next year to attract foreign investors to new industries and establish a central e-commerce platform to boost online sales nationwide, local media reported.
Chinese Minister of Foreign Affairs Wang Yi paid an official visit to Thailand on October 14-15 at the invitation of Thai Deputy Prime Minister and Minister of Foreign Affairs Don Pramudwinai.
Thailand is striving to become the first country in ASEAN to launch 5G commercial service, while existing 4G systems are ready to be upgraded to 5G, government deputy spokeswoman Ratchada Thanadirek said.
The Eastern Economic Corridor Policy Committee will be proposing to the Centre for COVID-19 Situation Administration this week a scheme to allow international travel by businesspersons from selected countries, in order to continue investment activities in the Eastern Economic Corridor (EEC) which is important in driving the country’s economy.
Thailand’s Prime Minister Prayut Chan-o-cha on June 19 presided over a contract signing between the Eastern Economic Corridor (EEC) and BBS Joint Venture to develop U-Tapao International Airport and the Eastern Airport City Project.
