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Thailand BOI approves US$6.2 billion in investments, including Foxconn-PTT’s EV venture, and improved battery, smart zones incentives
Published on 13/06/2022
» The Thailand Board of Investment (BOI) at a meeting on June 13, 2022, approved a combined 209.5 billion baht (US$6.2 billion) worth of investment applications in manufacturing and infrastructure projects, including 36.1 billion baht by Horizon Plus Co., Ltd., a joint venture between Taiwan’s Foxconn and Thailand’s PTT PCL, to make battery electric vehicles (BEV). The BOI also approved enhanced benefits for investment in battery production, building on a policy to become Southeast Asia’s EV manufacturing hub. A set of improved incentives to promote investments in smart industrial estates and smart systems, including upgrades of existing industrial estates, were also approved.
Yen slides to 24-year low against dollar
AFP, Published on 13/06/2022
» TOKYO - The yen plunged to its lowest level against the dollar since 1998 on Monday as sky-high US inflation fuels a widening monetary policy gap between Japan and the world's largest economy.
SPCG set to win approval for 23 solar farms in EEC
Business, Yuthana Praiwan, Published on 13/06/2022
» SET-listed SPCG, a pioneer in solar farm development in Thailand, expects to secure state approval to build 23 solar farms across the Eastern Economic Corridor (EEC) in the third quarter to offset its revenue loss from the gradual expiration of the adder tariff for its existing solar farms.
History made as woman golfer wins European men's event
AFP, Published on 13/06/2022
» HALMSTAD, Sweden: Sweden's Linn Grant made history on Sunday when she became the first female winner of a European men's tour event with a nine-shot triumph at the Scandinavian Mixed.
Inter-provincial bus firms 'forced' to axe routes
News, Post Reporters, Published on 13/06/2022
» Operators of inter-provincial buses will reduce or halt services along certain routes due to the increase in the price of diesel fuel, said Pichet Jiamburaset, president of the Thai Bus Business Association.
Bracing for the inevitable
Business, Post Reporters, Published on 13/06/2022
» Thailand is expected to enter a cycle of policy rate hikes in the second half of this year in response to persistently high inflation, according to research houses.
Thongchai Jaidee makes history with victory in US
Published on 13/06/2022
» Thongchai Jaidee sank a slippery birdie putt at the 17th hole and went on to win the American Family Insurance Championship by one stroke on Sunday in Madison, Wisconsin.
All must help save energy
News, Editorial, Published on 13/06/2022
» The Russia-Ukraine military conflict has given rise to surging energy prices worldwide with the price of oil now at its highest level in almost 14 years.
New Asean-US era
Asia focus, Apiradee Treerutkuarkul, Published on 13/06/2022
» The special summit held last month in Washington between US President Joe Biden and nine Southeast Asian leaders clearly emphasised his administration's attempts to engage the region it sees as central to countering China's rising influence in Asia and beyond.
Steps to wellness
Asia focus, Nareerat Wiriyapong, Published on 13/06/2022
» It takes about 90 minutes for an eight-seater plane departing Suvarnabhumi International Airport to reach an airport on a small island in Trat province in eastern Thailand. Then all the guests of Soneva Kiri, a luxury resort operated by an award-winning sustainable resort operator, board a speedboat for the five-minute trip to their destination on the unspoiled island of Koh Kood.