Norway-Asia Business Review - - Snapshots -

The EEC devel­op­ment plan and Thai­land 4.0 are com­po­nents of a USD 54 bil­lion gov­ern­ment plan to trans­form the coun­try’s con­omy.

Those in­vest­ing in the EEC are el­i­gi­ble to re­ceive land leases for 50 years plus a 49-year ex­ten­sions and spe­cial tax perks along with ther in­cen­tives.

Work on se­lect EEC in­fras­truc­ture projects, in­clud­ing sea and road links, has lready be­gun.

Thai­land 4.0 tar­gets ten in­dus­tries with the fo­cus on trans­form­ing the coun­try into a alue-add econ­omy.

To at­tract new for­eign in­vest­ment, Thai­land 4.0 aims to cre­ate a skilled Thai work­force as op­posed to one that is labour ased.

The gov­ern­ment re­vealed it ex­pects the econ­omy to grow by 3.5 to 4 per­cent this year, a fig­ure that is higher than World Bank sti­mates.

Prime Min­is­ter Prayut Chan-o-cha ap­proved a study of Ja­pan’s Kan­sai na­tional strate­gic spe­cial zone to pos­si­bly serve as a blue­print for the EEC.

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