E.E.C. News

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

2021-04-10: 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: 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

2020-12-19: 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

2020-12-11: 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

2020-11-24: 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

2020-09-04: 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