News

Laos, Thailand agree on master plan

Thailand and Laos have agreed to draw up a a five-year master plan to double the value of bilateral trade and investment to US$10 billion (Bt344 billion) by 2021. Deputy Prime Minister Somkid Jatusripitak announced the deal on May 24 after an official meeting with Laotian Deputy ...

Laos, Thailand boost trade, investment cooperation

High ranking Lao and Thai officials met in Vientiane on May 24 to discuss increased cooperation across different sectors in order to promote trade and investment between both nations. Laos was led by Deputy Prime Minister and Minister of Finance, Mr Somdy Duangdy, while Thailand by Deputy ...

Govt lures major Chinese investment to new EEC

Deputy Prime Minister Somkid Jatusripitak said on May 8 that the government plans to connect its new Eastern Economic Corridor development project with the Chinese government’s One Belt, One Road initiative. “The connection will be through a high-speed railway and other linkage infrastructure, “ Somkid told ...

Somkid targets 70% Hong Kong market share for Thai rice

Deputy Prime Minister Somkid Jatusripitak has targeted that Thai rice will secure 70 per cent of the Hong Kong market this year. Commerce Minister Apiradi Tantraporn said on Thursday that during Somkid’s four-day visit to Hong Kong that began on Wednesday, he and the Thai ...

PM not worried about Trump trade policies

Thailand should remain calm about new US trade policies, Prime Minister Prayut Chan-o-cha said on April 4, adding that he has assigned relevant ministries to study the issues. He also noted the 180 years of relations between the two countries. Also, Deputy Prime Minister Somkid Jatusripitak on ...

High-speed trains to accelerate towards bids

Bidding on construction of the Bangkok-Rayong high-speed train is expected to take place this year as part of efforts to jump-start the Eastern Economic Corridor, the government’s flagship project for Thailand 4.0. Deputy Prime Minister Somkid Jatusripitak said the terms of reference for the project will ...

Export growth goal revised up to 5% on key supports

The Commerce Ministry has revised up its export-growth target for this year from 3 per cent to 5 per cent, saying many positive factors could support this including higher global oil prices. After meeting with Thai trade officials from 64 overseas posts and representatives from private-sector ...

Somkid promises responsible Thai investments in Myanmar

The business communities of Myanmar and Thailand have been encouraged to foster economic cooperation by Thai Deputy Prime Minister Somkid Jatusripitak’s high-level business delegation. last Friday delivered a speech at the Thai-Myanmar Business Cooperation Forum, which gathered hundreds of business people from both countries. There, he assured ...

Thai-Myanmar talks due

Deputy Prime Minister Somkid Jatusripitak will be leading major Thai businesses to meet a team of Myanmar officials and businesses to seek further cooperation in developing industrial estates in Myanmar and border trade operations on Feb 3-4. Industry Minister Uttama Savanayana said the Thai business ...

'Bio-economy' to draw Bt400 bn

The government on January 23 announced the launch of its ambitious “bio-economy” scheme, which it expects to draw Bt400 billion worth of investment from the private sector during the next 10 years. Speaking at the signing ceremony for a memorandum of understanding between the public and ...

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