Thailand’s cabinet on December 22 approved the inflation target range of 1-3 percent for 2021 as set by the Finance Ministry and the Bank of Thailand’s Monetary Policy Committee (MPC).
The Thai-Chinese high-speed railway from Bangkok to Nakhon Ratchasima will act as a major spur to the economy, Thai Prime Minister Prayut Chan-o-cha said on October 28. He made the affirmation while presiding over a ceremony at Government House to sign a contract worth 50.63 billion THB (1.62 billion USD) for the Bangkok-Nakhon Ratchasima section of the route.
The State Railway of Thailand (SRT) has cancelled 22 trains from April 1 on the northern, southern, and northeastern lines due to the impact of the COVID-19 pandemic.
Proposals to improve ASEAN’s rail network and connectivity to meet international standards will be discussed at the 35th ASEAN Summit scheduled for early November.
The Thai Government will press ahead with its 20-year housing development master plan to provide housing for low-income earners nationwide, Deputy Prime Minister Jurin Laksanawisit said on October 10.
The State Railway of Thailand (SRT) on July 1 resumed train services to the border with neighbouring Thailand after a 45-year hiatus, according to the SRT.
The State Railway of Thailand (SRT) plans to spend 90 billion baht (3 million USD) to upgrade the existing single-track railways leading to the deep south to double tracks to cut down travel time for passengers and promote tourism to the region, according to local media.
Thailand’s cabinet on May 28 approved a draft contract worth 225 billion baht (7.07 billion USD) to build a high-speed rail connecting the country’s three major airports of Don Mueang, Suvarnabhumi and U-Tapao.
The State Railway of Thailand (SRT) is worried that the planned Shinkansen-style Thai-Japanese high-speed railway from Bangkok to Chiang Mai province will run at a loss when it opens, citing a 66 percent drop in the predicted number of daily passengers.
The State Railway of Thailand (SRT) has said that the Bang Sue Grand Station of Bangkok, the largest of its kind in Southeast Asia, is expected to open to public in the third quarter of 2020.
Thailand’s Prime Minister Prayut Chan-o-cha on June 15 issued a decree on pushing forward the construction of a railway linking Thailand and China, according to Thailand’s Royal Gazette.
The Thailand-China railway project, which connects Bangkok and Nakhon Ratchasima province, will be submitted to the Thai Cabinet for approval in June before commencingin August.
The Thai-Chinese railway scheme is poised to suffer another setback if the Chinese side fails to submit the project’s design document needed to estimate the rail’s costs on time, the Thai media said on March 28.
Strong cooperation between the railway administration of Peninsular Malaysia (KTMB) and the State Railway Of Thailand (SRT) is expected to help promote good relations between the citizens of the two neighbouring countries.
ASEAN
