E.E.C. News

2022-07-12: EEC panel endorses new smart city in Chon Buri

The Eastern Economic Corridor (EEC) Policy Committee,chaired by Prime Minister Prayut Chan-o-cha, yesterday green ‐ lighted the new smart city development covering a 15,000-rai plot of land in Bang Lamung district, Chon Buri, 15 kilometres from U- tapao airport.
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13 Aug 22

2022-07-12: Bangkok post. property demand

The property market faces many challenges, which will take a toll on housing demand, says Frasers Property Home (Thailand).
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16 Aug 22

2022-07-11: Thailand Plans $37 Billion Smart City to Support Industrial Hub - Bloomberg

Thailand is planning to build a $37 billion smart city in an industrial hub near Bangkok thatʼs already drawn billions of dollars of investment pledges from global automotive, robotics, healthcare and logistics companies.
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16 Aug 22

2022-07-11: Thailand Plans $37 Billion Smart City to Support Industrial Hub - Bloomberg

A view of the Bangkok skyline. Thailand is planning to build a smart city near the capital. Thailand is planning to build a $37 billion smart city in an industrial hub near Bangkok thatʼs already drawn billions of dollars of investment pledges from global automotive, robotics, healthcare and logistics companies.
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16 Aug 22

2022-04-23: Krungsri promotes EEC to Japanese

Bank of Ayudhya, also known as Krungsri, aims to grow its loans to Japanese corporate and multinational corporate cus‐ tomers (JPC/MNC) by 3.4% this year by focusing on foreign direct investment in the Eastern Economic Corridor (EEC).
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16 Aug 22

2022-04-23: Does the byline sound familiar?

GIVE IT TO THEM STRAIGHT The consultancy relies on professionalism and reliability to weather the storm, writes Kanana Katharangsiporn. CBRE has survived the Thai property market as a consultancy for 34 years by provided sincere, factual advice.
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16 Aug 22

2022-04-22: City braces for US troops

Up to 2,000 US soldiers are expected to visit Pattaya for rest and recreation during the 2021 Cobra Gold multinational military exercise in August. Preparations for the visit were discussed yesterday by the United States forces in Thailand and Pattaya City officials.
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16 Aug 22

2022-04-06:EEC tie-up unveiled in Pattaya

A model of a new hospital being built by Thammasat University within the EECmd area, dubbed the ‘Medical Valley’. Thammasat University has joined hands with state and private organizations to build a “Medical Valley” in Pattaya under the Eastern Economic Corridor for the medical hub scheme (EECmd). Projects under EECmd, including a medical centre, smart city and smart campus, will be located on Thammasat University’s Pattaya campus, covering 585 rai of land, said Thammasat Univer‐ sity rector Gasinee Witoonchart.
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16 Aug 22

2022-03-17: Surge in exports beefs up residential demand in EEC

A surge in exports last year propelled residential demand in Eastern Economic Corridor (EEC) provinces, with growth momen‐ tum expected to carry on this year, according to local property de‐ velopers. Meesak Chunharuckchot, president of the Chonburi Real Es‐ tate Association, said the residential market in the province im‐ proved in the second half of 2021, driven by exports reaching the highest level in several years.
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16 Aug 22

2022-03-10: State vows to expedite EEC projects

The government vows to accelerate key investment infrastructure projects in the Eastern Economic Corridor (EEC) and pledges to ensure transparency and fairness to the private sector. Speaking after chairing a meeting of the EEC Policy Committee yesterday, Prime Minister Prayut Chan-o-cha ordered responsible agencies to speed up main infrastructure development projects in the EEC as planned.
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16 Aug 22

2022-03-07: State feels existing EEC target can be met

The rapid spread of Omicron infections and the escalating Russia-Ukraine conflict are expected to affect the country’s investment prospects this year, but the government remains optimistic that investment in its flagship Eastern Economic Corridor (EEC) can reach 2.2 trillion baht over the next five years as projected.
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16 Aug 22

2021-11-27: EEC touts prudence of PPP projects

Four key infrastructure projects in the flagship Eastern Economic Corridor (EEC) are saving the state significant amounts of money because of their public-private partnership (PPP) funding, in addition to offering a net return of more than 200 billion baht for the government, according to the EEC Office.
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16 Aug 22

2021-11-26: Gulf venture to develop phase 3 of port

A model replica of the third phase of Laem Chabang deep-sea port. A joint venture led by Gulf Energy Development Plc is preparing to develop the third phase of Laem Chabang deep-sea port into a trade and investment gateway in the Eastern Economic Corridor area.
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16 Aug 22

2021-11-25: Drive to woo Chinese investors to EEC

The Eastern Economic Corridor (EEC) Office wants more Chinese businesses to invest in the area to facilitate industrial development that is kinder to the environment, in partnership with China-based bank ICBC (Thai). They will conduct a feasibility study on the establishment of the EEC Equity Fund to build investment opportunities for new industrial projects, according to a memorandum of understand‐ ing (MoU) signed by the two organizations yesterday.
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16 Aug 22

2021-11-06: Gulf ferry service to launch after long Covid19 delay

A ferry service connecting Chon Buri in the east and Songkhla in the south will be launched on Monday after it was postponed for months due to Covid-19. The service will be operated by the Bangkok-based Seahorse Ferries Company, a firm that bought the three-decker ship Blue Dolphin from Japan for 200 million baht and renovated the vessel to accommodate up to 586 passengers, 80 lorries and 20 cars.
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16 Aug 22

2021-11-03: Link road to ease traffic at U-tapao

A 2-kilometre-long road is set to be constructed linking a nearby motorway with U-tapao airport in Rayong, the Department of Highways (DoH) said yesterday. The project will take three years to complete and is due to break ground next year at a cost of 4.5 billion baht. The new road will widen access to the airport and facilitate the movement of traffic to the nearby Eastern Economic Corridor (EEC) industrial development zone.
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16 Aug 22

2021-11-01: EEC construction permits up in H1

The number of residential construction permits in Eastern Economic Corridor (EEC) provinces grew in the first half of 2021, along with a rise in new business registrations, both driven solely by Chon Buri. Vichai Viratkapan, acting directorgeneral of the Real Estate Information Center (REIC), said Chon Buri was the only province in the EEC which saw residential construction permits rise in the first half.
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16 Aug 22

2021-10-27: State insists airport rail link be ready in 4 years

The government has insisted that the high-speed rail linking Don Mueang, Suvarnabhumi and U-tapao airports, one of the key infrastructure projects in the flagship Eastern Economic Corridor (EEC), has to be finished over the next four years as planned.
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16 Aug 22

2021-10-22: CP-led group to take over airport link.

A consortium led by Charoen Pokphand Group will take over the operations of Airport Rail Link (ARL) services on Oct 25, according to the Department of Rail Transport (DRT). DRT’s deputy director-general Pichet Khunathamrak recently held a meeting with Asia Era One (AERA1) to discuss the handover to ensure a smooth transition.
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16 Aug 22

2021-10-19: Government pledges special incentives for EEC investors

The government has pledged to offer special incentives for investments in the six new promotion zones in eastern Thailand, including EEC genomic medicine (EECg), EEC medical hub (EECmd) and EEC innovation platform (EECi).
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16 Aug 22

2021-10-12: BoI incentives push for ‘Industry 4.0’

The Board of Investment (BoI) approved incentives yesterday to encourage entrepreneurs to accelerate upgrading their production and machinery to “Industry 4.0” standards. Speaking after a BoI meeting chaired yesterday by the prime minister, BoI secretary-general Duangjai Asawachintachit said the incentives approved include a three-year corporate income tax exemption covering 100% of investment for Industry 4.0 upgrades.
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16 Aug 22

2021-10-05: State rejigs EEC investment plans

The government has revised investment plans in the state flagship Eastern Economic Corridor (EEC), as it aims to drive economic growth by 4.5-5% a year between 2022 and 2026. Kanit Sangsubhan, secretary-general of the EEC Office, said the EEC is hoping to become the country’s vital investment destination during this period to draw investment at an average of 400500 billion baht a year
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16 Aug 22

2021-09-30: EEC seeks to lure Japanese investors

The Eastern Economic Corridor Office and the Japan External Trade Organization (Jetro) have pledged to work together to encourage Japanese firms and other companies located in the Eastern Economic Corridor (EEC) to tap more into digital manufacturing platforms to reduce production costs.
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16 Aug 22

2021-09-16: PTT, Foxconn cooperate on EV facility

G-Box, an energy storage system that works in tandem with EV charging outlets, is part of PTT’s EV infrastructure development projects. A new company under cooperation between PTT Plc and Taiwan-based multinational electronics manufacturer Hon Hai Precision Industry Co will be set up to develop an electric vehicle (EV) production facility, worth US$1-2 billion, in the Eastern Economic Corridor.
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16 Aug 22

2021-09-16: Bangkok market to improve in 2022

Bangkok’s residential market will improve next year as supply and demand will be more balanced, while foreign buyers, particularly Chinese, are still interested in Thai property, according to property experts.
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16 Aug 22

2021-09-15: Govt to entice rich expats

The cabinet has green lighted an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals from overseas to help revive the economy post-Covid-19
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16 Aug 22

2021-09-09: Chinese bet on properties in Thailand ahead of COVID recovery - Nikkei Asia

Hotels and land in Phuket and Pattaya at discounted prices lure investors The resort city of Pattaya. Chinese are betting on Thai properties ahead of recovery from the pandemic, while prices are low. JASON TAN, Contributing writerSeptember 9, 2021 18:08 JST. Thailand BANGKOK -- Thailand's raging pandemic has failed to deter aspiring Chinese entrepreneurs from starting businesses, with some even plowing money into acquiring hotels, property and land amid record-low prices.
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16 Aug 22

2021-08-30: New land appraisals likely postponed

An aerial view of property and buildings in Bangkok. The Treasury Department is expected to ask the land appraisal committee to postpone the adoption of new appraisal prices by another year. The move aims to ease the burden of landowners, who are struggling to cope with the impact of the pandemic, said department director-general Yuttana Yimgarund.
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16 Aug 22

2021-08-30: CONDO QUAGMIRE

Anti-government protests that turned violent are expected to impact condo demand from foreign buyers, even though some re‐ laxation of lockdown restrictions next month may help lift overall sentiment, according to property consultancy Edmund Tie & Co Thailand.
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16 Aug 22

2021-08-27: New hotel complex. AWC to roll out B1. 9 bn hotel in Pattaya

Bangkok Post, Friday, August 27, 2021 SET-listed Asset World Corp (AWC) is rolling out its first hotel in a 10-billion-baht mixeduse project in Pattaya, choosing a new luxury brand under InterContinental Hotels Group (IHG) management.
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16 Aug 22

2021-08-25: Cannabis to be a cash crop in the EEC

Mr Vinaroj (left), Capt Thamanat (centre) and Mr Kanit (right) at the MoU signing ceremony held yesterday. The goal is to develop green chiretta, hemp and cannabis products for export in the eastern corridor. The government plans to turn 10,000 rai of Sor Por Kor land in three provinces that form the Eastern Economic Corridor (EEC) into herb plantations growing cannabis, hemp and fa talai jone, under a project to develop and add value to Thai agricultural products.
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16 Aug 22

2021-08-20: U-tapao projects aim to prop up economy

GAA wants to increase capacity of refuelling services at U-tapao airport to accommodate 60 million passengers a year. The government has high hopes for the new aviation fuel service systems at U-tapao airport and the Eastern Aviation City development projects, expecting them to play a part in restoring Thailand’s pandemic-hit economy.
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16 Aug 22

2021-08-09: B53bn allotted for EEC water supply

Mr Kanit says the government needs to expedite water development projects scheduled for 2023 to 2030. The government is committed to investing 52.9 billion baht from now to 2037 to ensure sufficient water supply for its flagship Eastern Economic Corridor (EEC). According to Kanit Sangsubhan, secretary-general of the EEC Office, such spending covers 38 projects that are capable of supplying an additional 872 million cubic metres of water a year
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16 Aug 22

2021-07-27: Local second-home market soars

Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past 18 months of the pandemic, say local property experts. A strong wave of domestic demand has resulted in Thais flocking to the country’s leisure destinations and snapping up holiday or second homes.
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16 Aug 22

2021-07-14: STATE UPBEAT ON EEC INVESTMENT

The state believes actual investment value in its Eastern Economic Corridor scheme will hit 300 billion baht by this year or next. A signboard promotes U-Tapao airport, a key mega-project within the EEC.
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16 Aug 22

2021-06-12: Motorway 7 extension speeds up

The Ministry of Transport is moving forward with its plan to extend Motorway 7 (Bangkok-Chon Buri-Map Ta Phut) to connect with U-Tapao International Airport, to accommodate an expected surge in passenger numbers in the future.
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16 Aug 22

2021-06-02: Extra spending of B2bn for high-speed link gets nod

The cabinet yesterday approved an additional 2.17 billion baht to buy land needed to build the 220-km high-speed railway linking Don Mueang, Suvarnabhumi and U-tapao airports. The cabinet accepted a proposal by the Eastern Economic Corridor (EEC) policy committee to increase the land expropriation budget for the project, from 3.57 billion baht to 5.74 billion baht.
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16 Aug 22

2021-05-28: Firms eye EEC energy ventures

Five Japanese companies have shown interest in investing in renewable energy businesses at Smart Park industrial estate in the Eastern Economic Corridor (EEC) zone under a Thai-Japanese move to promote clean energy.
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16 Aug 22

2021-05-11: Value of BoI tax perk submissions jumps 80%

The value of investment projects submitted under the Board of Investment (BoI) tax incentive programmes skyrocketed by 80% year-on-year to 123.36 billion baht in the first quarter, driven mainly by the pandemic and subsequent measures to curb the spread of the virus, including a work-fromhome guideline.
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16 Aug 22

2021-05-11: Bangkok ranks 43rd out of 50 major cities worldwide for qualities that make working and living easier.

People in Bangkok struggle to achieve the work-life balance, with the city ranks 43rd out of 50 major cities worldwide for qualities that make working and living easier, according to Kisi, a Us-based security specialist.
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15 Apr 21

2021-05-11: Agency seeks hike in foreign condo quota

An increase in foreign ownership quotas for condominiums from 49% to 70-80% should be allowed in specific locations and capped at units priced higher than 5 million baht to reserve supply priced lower than five million baht for Thais.
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16 Aug 22

2021-05-10: Demand for cheap units plummets

The third wave of the pandemic has only worsened housing demand in Bangkok’s low-priced segment despite the extension of property tax incentives, a recent survey found. Kamolpat Swaengkit, country manager of property website DDproperty.com, said the economy remains depressed from the latest outbreak, even with several government relief packages.
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16 Aug 22

2021-04-24: EV battery pact signed

Nicole Wu, chief executive at Evlomo, seated left, and Chai Vinichbutr, vice-president of Rojana Industrial Park, seated right, at the signing ceremony. Evlomo Inc, a Florida-based company working on electric vehicles (EVs), has teamed up with Rojana Industrial Park Plc to invest US$1.06 billion (33.3 billion baht) in a 8-gigawatt battery energy storage construction project in Nong Yai district in ChonBuri.
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16 Aug 22

2021-04-10: Consortium ready to start work on high-speed rail

Eastern High-Speed Rail Linking Three Airports Co Ltd, a consortium led by Charoen Pokphand Group, is ready to start the construction of high- speed rail, take over the operation of the Airport Rail Link (ARL) and train new staff for future service.
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16 Apr 21

2021-03-19: New vehicle ferry in Gulf to set sail soon

A new car, truck and passenger ferry service between Chon Buri and Songkhla will start soon, which could later include a stop in Prachuap Khiri Khan, Transport Minister Saksayam Chid‐ chob has said.
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16 Apr 21

2021-03-19: EEC holds promise as aviation hub

Thailand has an opportunity to become an aviation and logis‐ tics hub, thanks to its prime location in central Southeast Asia and infrastructure development in the Eastern Economic Corridor (EEC), but the country needs to adjust to the pandemic crisis.
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16 Apr 21

2021-03-12: Infrastructure outlook remains positive

The overall infrastructure outlook in Thailand remains posi‐ tive with untapped opportunities to further upgrade the country’s infrastructure and increase its global competitiveness, according to PwC.
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16 Apr 21

2021-03-06: A HEALTHY TREND

WHA Corporation Plc, Thailand’s largest developer of built-to‐ suit logistics facilities, plans to catch the global trend in health‐ care this year by diversifying into digital technology for health businesses, including telemedicine.
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16 Apr 21

2021-03-05: Department to auction seized assets

The Treasury Department is preparing to launch an online auction of lawfully seized assets this month to enhance trans‐ parency of asset sales
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10 Apr 21

2021-03-02: Private sector expected to shore up EEC activity

Real investment in the government’s Eastern Economic Corri‐ dor (EEC) is estimated to reach 400 billion baht this year, driven largely by private investment and key infrastructure develop‐ ment projects.
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16 Apr 21

2021-02-27: Tolls for Pattaya to Map Ta Phut

The Department of Highways (DoH) is preparing to collect toll fees on Motorway 7 on the Pattaya-Map Ta Phut exten‐ sion from next month, after opening it for free last year.
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16 Apr 21

2021-02-22: Business Featuring content from our commercial partner, THE WALL STREET JOURNAL

Asset warehousing gains ground Model should shore up operators’ confidence with regard to asset management by creditors, write Wichit Chantanusornsiri, Somruedi Banchongduang and Narumon Kasemsuk
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16 Aug 22

2021-02-22: A LITTLE HELP

The government’s touted Eastern Economic Corridor (EEC) seems to be the only flagship economic development project Thai‐ land has initiated in recent years, with little to no follow-up on similar projects.
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16 Apr 21

2021-02-20: Banking source suggests support for a system to freeze NPAs in the hospitality sector is likely

BOT is okay for commercial banks to set up a bank-owned asset warehouse to freeze non- performing assets (NPAs) in the hospitality sector, according to a banking industry source.
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10 Apr 21

2021-02-11: Govt to set up innova‐ tion centre in EEC

The National Science and Technology Development Agency (NSTDA) yesterday signed a memorandum of understanding with SIASUN, China’s leading robotics and automation company, to jointly develop an innovation centre in the Eastern Economic Cor‐ ridor of Innovation (EECi).
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16 Apr 21

2021-02-09: LAND PRICES SET TO SPIKE IN H2

Land prices in Greater Bangkok are projected to rise at a rapid rate in the second half of 2021, in part because of the fore‐ cast of an economic recovery. Vichai Viratkapan, acting directorgeneral of the Real Estate Information Center (REIC), said land prices in Greater Bangkok last year kept increasing, with a year-on-year rise of 17.1% in the price index of vacant land in the fourth quarter.
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15 Apr 21

2021-02-08: BUSINESS IS BOOMING

Colliers projects growth at 5-10% in 2021 buoyed by state investment and stimulus, writes Kanana Katha‐ rangsiporn
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16 Apr 21

2021-02-04: CBRE: Prime plots cheaper

Landowners in prime Sukhumvit areas are offering land prices 30% lower than previous years as condo developers delay purchases, according to property consultant CBRE Thailand.
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15 Apr 21

2021-02-04: App to ease Lands Dept queues

The Department of Lands yesterday launched a smartphone application to allow people to place a booking for services and submit documents prior to visiting the department’s offices na‐ tionwide.
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16 Apr 21

2021-02-02: EEC Office sets B300bn goal

The Eastern Economic Corridor Office aims to attract 300 bil‐ lion baht in investment applications for the flagship Eastern Eco‐ nomic Corridor (EEC) this year.
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16 Apr 21

2021-01-28: Reduced homebuyer fees help market stay active

A renewal of the reduced property tax measures for another year can help boost housing demand and purchasing power, says a property consultancy, even as the cut in transfer and mortgage fees remains capped at 3 million baht a unit.
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16 Apr 21

2021-01-26: BEARING FRUIT

EECO signs memorandum of understanding to develop the Eastern Fruits Economic Corridor in Rayong.
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16 Apr 21

2021-01-20: Phuket condos compete in fierce rental arena

This puts most Phuket condominiums in direct competition with actual hotels, which are offering heavily discounted prices to attract Thai customers who are eligible for benefits under the We Travel Together campaign, in which the government subsidises accommodation costs up to 3,000 baht
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16 Apr 21

2021-01-14: LH reduces launches to 12 projects

SET-listed developer Land & Houses Plc (LH) scaled down its residential launches this year to 12 projects, down 25% from last year, worth a combined 20.7 billion baht.
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16 Apr 21

2021-01-14: Condo prices continue to fall

Average prices for new and resale condo supply are projected to continue falling this year as the glut of unsold condos is over‐ whelming, with new units added to the stockpile.
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16 Apr 21

2021-01-04: INVESTMENT LURES

The Eastern Economic Corridor (EEC) Office seems prepared to propose the government extend promotional privileges for in‐ vestment in the EEC area until 2022 in a bid to sustain investment momentum.
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16 Apr 21

2021-01-04: Developers glimpse potential for slight recovery in 2021

2020, the residential sector in 2021 is forecast to see only a slight improvement as unsold inventory remains high and many risks from the previous year are likely to spill over into 2021.
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16 Apr 21

2020-12-21: IEAT: Estate land purchases fall, but values skyrocket

The impact of the pandemic caused a slight drop in land sales in industrial estates in fiscal 2020, but investment value rose sharply by 683%, says the Industrial Estate Authority of Thailand (IEAT).
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16 Apr 21

2020-12-20: State sees EEC funding hitting B400bn

The government is optimistic that investment in its flagship Eastern Economic Corridor (EEC) can reach 400 billion baht next year, driven both by private investment and infrastructure development. Of the total, 300 billion baht is expected to be generated by private investment, while 100 billion would stem from key infrastructure projects including a high-speed rail linking Suvarnabhumi, Don Mueang and U-tapao airports, a renovation of U-tapao airport, Map Ta Put industrial port phase 3 and Laem Chabang port phase 3. EEC Office secretary-general Kanit Sangsubhan said private investment is also expected to become more active next year after being delayed this year due to the pandemic.
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16 Aug 22

2020-12-19: State sees EEC funding hitting B400bn

The government is optimistic that investment in its flagship Eastern Economic Corridor (EEC) can reach 400 billion baht next year, driven both by private investment and infrastructure development.
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16 Apr 21

2020-12-16: IEAT builds eco-towns for factories

The Industrial Estate Authority of Thailand (IEAT) is building more ecoindustrial towns to make factories more compatible with the environment while bolstering business competitiveness.
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16 Apr 21

2020-12-15: Knight Frank.

Knight Frank. Bangkok Post December 15, 2020
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16 Aug 22

2020-12-11: CG eyes B1bn land sales in CPGC estate in 2021

CG Corporation Ltd, a joint venture between CP Land and China’s Guangxi Construction Engineer‐ ing Group, expects to close land sales of 240 rai worth around 1 billion baht in the CPGC Industrial Es‐ tate in Rayong by the second half of next year.
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16 Apr 21

2020-11-30: East and West are starting to adjust to a new way of looking at political and economic dynamics in Asia.

Germany is the second European country to have produced guidelines tailored to the new Indo-Pa‐ cific reality, after France which bills itself as an Indian Ocean country by virtue of having more than a million French citizens living in overseas territories in the region including Reunion, New Caledonia and French Polynesia.
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10 Apr 21

2020-11-30: C.P. Land halts offices, condos

C.P. Land Plc, a property arm of Charoen Pokphand Group, plans to freeze new office and condo projects next year and focus on hotel development targeting local travellers.
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16 Apr 21

2020-11-29: Pattaya Condo Outlook

Pattaya Condo Outlook....Bangkok Post, November 29, 2020
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16 Aug 22

2020-11-24: NTT allots B3bn for data centre expansion in EEC by 2024

NTT Thailand, the local operating unit of the Japan-based technology firm, plans to spend nearly 3 billion baht to develop a new data centre in the Eastern Economic Corridor (EEC) to cater to new S- curve industries and global content production in 2024.
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16 Apr 21

2020-11-17: The Forestias bookings tally B4bn

Magnolia Quality Development Corporation (MQDC) says progress on its 125-billion-baht green development project, The Forestias, is 95% completed in terms of utilities and tunnelling work, raking in 4 billion baht in booking deposits.
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16 Apr 21

2020-11-16: Phuket applies to reopen for super-yachts

The country’s success in containing Covid-19 has come at a price: huge losses of income from for‐ eign visitors. To lure overseas visitors and give the tourism industry a shot in the arm, the government introduced a special tourist visa (STV) scheme and recently approved a guideline for foreign tourists and crews of foreign superyachts looking to dock in Thailand.
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16 Apr 21

2020-11-16: CP-Tesco ruling riles rivals

Certain competitors feel the conglomerate has a monopoly in retail, with the conditions imposed by the OTCC considered insufficient for maintaining competition, write Phu‐ sadee Arunmas, Lamonphet Apisitniran and Nuntawun Polkuamdee
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16 Apr 21

2020-11-14: Alro changes regulations on how allocated land is used

The Agricultural Land Reform Office (Alro) has revamped its regulations to allow Sor Por Kor land‐ holders to develop their plots into apartment buildings, gas stations and food-processing plants, among others.
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16 Apr 21

2020-11-12: Digital hub status ‘within reach’

‘‘ Digital technologies like 5G, Cloud and AI technologies are crucial infrastructure that can turn Thailand into the digital hub of the region. PRAWIT WONGSUWON DEPUTY PRIME MINISTER ‘‘ Our digital infra especially 5G networks has surpassed others in region, even Singapore.
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16 Apr 21

2020-11-12: 3rd Huawei data centre

Global tech powerhouse Huawei has vowed to invest 700 million baht to establish its third data centre in Thailand next year, in support of making Thailand a digital hub in Asean.
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16 Apr 21

2020-11-12: 3rd Huawei data centre

Global tech powerhouse Huawei has vowed to invest 700 million baht to establish its third data centre in Thailand next year, in support of making Thailand a digital hub in Asean.
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16 Apr 21

2020-11-11: MALL REDUX

The Mall Group is planning a rebranding for the first time in its 39 years of operation, trying to create a happy place. The Mall Group, one of Thailand’s biggest retail conglomerates, is rebranding its image for the first time in its 39 years of operations, with plans to splurge a combined 20 billion baht during 2019-23.
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16 Apr 21

2020-11-06: Setting a standard

Icon​siam launches its year-end light dec​o​ra​tions, in​clud​ing a Thai-in​spired Christ​mas tree by the world’s renowned graphic de​signer Mike Perry. Icon​siam won as global win​ner for Best De​sign and De​‐ vel​op​ment 2020 for ‘in​ge​nu​ity, in​no​va​tion and for​ward-think​ing vi​sion’ by the In​ter​na​tional Coun​cil of Shop​ping Cen​ters which has 70,000 mem​bers across 100 coun​tries.
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16 Apr 21

2020-11-06: Lazada accelerates AI and logistics for EEC services

Lazada, an Asean e-com​merce arm of Alibaba, is gear​ing up ef​forts to in​vest in ar​ti​fi​cial in​tel​li​‐ gence (AI) tech​nolo​gies, lo​gis​tics op​er​a​tions in the East​ern Eco​nomic Cor​ri​dor (EEC), and an ar​ray of new ser​vices to be​come a life​style app that goes be​yond a shop​ping plat​form.
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16 Apr 21

2020-11-06: Ford sales plummet, production resumes

Ford Thai​land, the pro​duc​tion and dis​tri​bu​tion arm of US-based Ford Mo​tor, has seen car sales over past 10 months dive 40% to 21,800 units from last year, but re​mains op​ti​mistic about fu​ture prospects af​ter pro​duc​tion fully re​sumed in re​sponse to the im​prov​ing Thai auto in​dus​try.
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16 Apr 21

2020-11-05: Work-life balance elusive

Peo​ple in Bangkok strug​gle to achieve a work-life bal​ance, with the city ranked 43rd out of 50 ma​‐ jor cities world​wide for qual​i​ties that make work​ing and liv​ing eas​ier, ac​cord​ing to Kisi, a US-based se​‐ cu​rity spe​cial​ist.
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16 Apr 21

2020-11-05: Chee Chan Golf Resort voted best

Chee Chan Golf Re​sort has been voted Thai​land’s Best Golf Course 2020 at the sev​enth World Golf Awards. We are de​lighted to hear that Chee Chan Golf Re​sort has been voted the best golf course in Thai​‐ land of the year 2020. We would like to ex​tend our sin​cere thanks to all vot​ers who have ded​i​cated their valu​able time to sup​port us,” Chee Chan Golf Re​sort CEO Narit Chia-Apar said.
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16 Apr 21

2020-11-05: BoI grants perks to EV manufacturers

The Board of In​vest​ment (BoI) chaired by Prime Min​is​ter Prayut Chan-o-cha yes​ter​day ap​proved a fresh priv​i​lege pack​age for elec​tric ve​hi​cles (EVs) fol​low​ing the ex​pi​ra​tion of the pre​vi​ous pack​age in 2018.
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16 Apr 21

2020-11-02: 3 removals from FBA’s List 3 rules

The Com​merce Min​istry looks set to pro​pose the cabi​net re​move three ser​vices — telecom​mu​ni​ca​‐ tions, fi​nance and soft​ware devel​op​ment — from List 3 of the For​eign Busi​ness Act (FBA) to fa​cil​i​tate for​eign in​vest​ment in Thai​land.
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16 Apr 21

2020-09-14: Fwd: EEC. Steel.

Fwd: EEC. Steel. Bangkok Post. 2020-09-14 at 7.32.19 AM
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16 Aug 22

2020-09-12: The story behind the abandoned Waterfront condo near Bali Hai Pier in Pattaya - The Pattaya News

Many local residents and tourists have noticed the hulking 53 story condominium that stands incomplete and abandoned at the entrance to the Bali Hai pier. Questions are often asked about the story behind this condo and why it sits abandoned and is an eyesore for the otherwise beautiful bay view. Today, we take some time to answer that question. Source material from The Pattaya News and associated press have been used for this article, as well as various legal materials from condominium owners and relevant law firms.
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16 Aug 22

2020-09-04: Ministry woos Canadians for EEC activity: Bangkok Post

The Industry Ministry is courting Canadian officials and investors to take part in public/private partnerships (PPPs) as the government attempts to fund a variety of economic recovery infrastructure projects in the Eastern Economic Corridor (EEC).
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14 Sep 20

2020-08-14: AIS, U-tapao team for smart airport..

Ad​vanced Info Ser​vice (AIS), the coun​try’s largest mo​bile op​er​a​tor by sub​scribers, has part​nered with U-tapao air​port to sup​port dig​i​tal in​fras​truc​ture for a 5G net​work, WiFi 6 and other tech so​lu​tions in a bid to turn it into a smart air​port. U-tapao air​port is lo​cated in the Eastern Eco​nomic Cor​ri​dor, one of the gov​ern​ment’s strate​gic pri​‐ or​i​ties un​der the Thai​land 4.0 pol​icy. AIS chief ex​ec​u​tive Som​chai Lert​su​ti​wong said 5G tech de​ploy​ment and dig​i​tal so​lu​tions could be a way to shore up the econ​omy in the wake of the pan​demic
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16 Sep 20

2020-07-27: Ocean keen to push holiday hideaways

The project is situated on Na Jomtien Beach and worth 3 billion baht. Real estate firm Ocean Property plans to develop a new luxury high-rise condo project worth 3-4 billion baht on Na Jomtien Beach after the last large units sold out during the lockdown.
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16 Apr 21

2020-04-27: EEC targets thrown out as forecasts fogged by crisis

The Eastern Economic Corridor (EEC) Office is set to revise its investment target and strategy for this year as the coronavirus pandemic ravages overall investment sentiment.
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16 Aug 22

2020-04-26: Deadline for airport link talks extended

The State Railway of Thailand (SRT) has agreed to extend a time frame to which it had previously agreed with two other parties as attempts to negotiate and finish amending the agreement for their joint investment in the high-speed train project linking three airports drag on.
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16 Aug 22