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Eastern Economic Corridor (EEC)

Latest News 08.03.2023

Eastern Economic Corridor (EEC)

Latest News 14.02.2023

EEC joined hands with Thai private sector to conduct Market Sounding Connecting investment with EEC Business Center & Livable Smart City Project.

Dr. Kanit Sangsubhan, Chairman of Special Advisors, The Eastern Economic Corridor Policy Office (EECO) chaired an opening of the 1st Market Sounding Meeting, held on 8th February 2023, for the EEC Business Center & Livable Smart City Project in order to gather opinions and suggestions from over 50 leading organizations from Thai private sectors, who are interested in the details of the project. Leading private sectors, who participated into and shared their opinions, suggestions and interests during the market sounding event included Bangkok Dusit Medical Services Public Company Limited (BDMS) : medical business, Siam Cement Public Company Limited (SCG) : internet connection technology (IOT), MUFG Bank of Ayudhya Public Company Limited : ESG and Bio-Circular-Green (BCG) Economy, Banpu Public Company Limited : basic infrastructure and National Telecom Public Company Limited (NT) : digital infrastructure. With gathered information, the EECO will utilize and take them into consideration for further development of the project.

Specifically, the EEC Business Center & Livable Smart City Project was approved by the Thai cabinet on 20th December 2022. It is one of mega-projects arising from the government’s policy to develop a regional business and financial center that meets international standards in the EEC area as well as to build the city that will become one of the world’s top 10 livable smart cities and can then be used as the national model of smart livable cities for the development of new cities across the country. The EECO is certain that the project will help spreading prosperity into the region, developing the area into a business city alongside Bangkok, facilitating a business ecosystem that combines nature, innovation and technology, creating a city of the future that supports lifestyles and the works of the new generation. Expectedly, at least 200,000 direct jobs and their respective employment value of over 1.2 trillion baht are to be created. Housings for all groups of people will be provided at an affordable price, enabling people to move in to settle in the livable smart city.

The project has a land use plan, which divides a whole area into zones according to 5+1 main business clusters, consisting of;

1. Regional HQs & Governmental Complex
2. Financial Center
3. Precision Medicine Center
4. International Education -R&D Center
5. Future Businesses Center
6. High Quality Residences & Smart Affordable Housing In addition, there will be private investment opportunities for the development of the project’s infrastructure and public utilities i.e. power and energy, water management, waste management, transportation, digital and utility tunnel. The project will also be designed according to 7 Components of being Livable Smart City i.e. Smart Environment, Smart Energy, Smart Mobility, Smart Living, Smart People, Smart Economy, Smart Governance in order to create an ecosystem of innovation and technology, which could attract new generations to work and live comfortably in the city.

Introducing Lamphun Province Interesting city in northern Thailand

Lamphun was founded by Queen Chama Thevi as the capital of the Haripunchai Kingdom, the last and most northerly Mon kingdom in the area which now forms Thailand.[1]: 77  Around 25 km (16 mi) south of Chiang Mai, it was constructed in the shape of a conch shell, following the Khuang River on its east side and divided by moats at the remaining points of the compass.

Queen Chama Thevi is remembered in the wat of her name, which is said to be the resting place of her ashes. Near the town’s main morning market in the south-west of the city is a statue of the queen at which offerings are still made today by citizens.

While still living in the north King Mangrai was visited by some merchants from the Mon Kingdom, and hearing of the wealth of Lamphun he determined to conquer it, even against the advice of his councillors.

As it was deemed impossible to take the city by force, he sent a skillful merchant called Ai Fa to gain the confidence of the King Yi Ba, and in time he became the chief minister and managed to undermine the king’s authority.

In 1281, with the people in a state of discontent, Mangrai defeated the Mon Kingdom, and added the city and its wealth to his kingdom, while Yi Ba, the last king of Hariphunchai, was forced to flee south to Lampang. Lamphun was then incorporated into the new Lanna Kingdom. Ai Fa was subsequently appointed king, and King Mangrai began building the fortress Wiang Kum Kam as his new capital.

Lamphun is host to one of northern Thailand’s most important temples, Wat Phra That Hariphunchai, featured on the reverse of the one-satang coin. The phra that in the title indicates the presence of a Buddha relic, in this case one of his hairs, which was interred in the chedi in 897, which is probably the founding date of the wat.

The town is surrounded by lush countryside punctuated by rice fields and orchards of the popular fruit, longan, which is celebrated in a festival every August.

Credit: Wikipedia.

https://en.wikipedia.org/wiki/Lamphun

Credit : Mr. Suntithorn Yimlamai Governor of Lamphun Province

Credit : Mr. Suntithorn Yimlamai Governor of Lamphun Province

Credit : Mr. Suntithorn Yimlamai Governor of Lamphun Province

Credit : Mr. Suntithorn Yimlamai Governor of Lamphun Province

Credit : Mr. Suntithorn Yimlamai Governor of Lamphun Province

Date 25 November 2022

The Association of Thai-African Relations by Mr. Pakorn Punlee, President of the Association and the delegation along with H.E. Mr. Ovikuroma Orogun Djebah, Ambassador of the Federal Republic of Nigeria trade and investment promotion, Mr. Mohammed Idris Haidara, Minister, Mrs. Sonari Martha Uraih, First Secretary, to visited and met and discussed with Mr.Narongchai Pisutpunya President GC-M PTA Co., Ltd. Thai PET Resin Co., Ltd., Mr.Kasem Leewongjaroen VP-Commercial, Mr.Sirisak Charoenkitpeeti VP-Operation GC-M PTA, Mr.Sangapong Laowithayangkul VP-Operation Thai PET Resin.and and the management team of the company.

Visited a petrochemical plant
GC-M PTA Company Limited and Thai Pet Company for cooperation Push and expand the Thai petrochemical market to Nigeria and African countries.

Date 11 October 2022

Honored to be invited to celebrate the launch opening of the world first Columbia Pictures Branded Water and Theme Park (Columbia Pictures Aquaverse) On Tuesday, October 11, 2022, Na Chom Thian Subdistrict, Pattaya, which invests in Thailand in the Special Economic Zone of the EEC (Eastern Economic Corridor.) We invites Thais and foreigners to come to Thailand and come to experience the fun in the theme park.

http://www.columbiapicturesaquaverse.com

Date 24 June 2022

The Association of Thai-African Relations by Mr. Pakorn Punlee, President of the Association and the delegation along with H.E. Mr. Moustapha El Kouny, Ambassador Extraordinary and Plenipotentiary of the Arab
Republic of Egypt to the Kingdom of Thailand, to visited, met and discussed with Dr. Prasert Sinsukprasert Director-General of Department of Energy Development and Efficiency, Ministry of Energy, with delegations to discuss and exchange information on renewable energy use. Making a business matching, training, work shop and support joint activities between Thailand and the Arab
Republic of Egypt ., and to create good relations in the development of renewable energy to strengthen good relations together including preparing to make a memorandum of agreement between Thailand and Egypt on June 24, 2022 at Department of Energy Development and Efficiency meeting room.

Date 24 June 2022

The Association of Thai-African Relations by Mr. Pakorn Punlee, President of the Association and the delegation along with H.E. Mr. Ovikuroma Orogun Djebah, Ambassador of the Federal Republic of Nigeria trade and investment promotion, Mr. Mohammed Idris Haidara, Minister, Mrs. Sonari Martha Uraih, First Secretary, to visited and met and discussed with Dr. Prasert Sinsukprasert Director-General of Department of Energy Development and Efficiency, Ministry of Energy, with delegations to discuss and exchange information on renewable energy use. Making a business matching, training, work shop and support joint activities between Thailand and the Federal Republic of Nigeria., and to create good relations in the development of renewable energy to strengthen good relations together. on Friday, June 24 at Department of Energy Development and Efficiency meeting room.

Date 23 June 2022

The Association of Thai-African Relations by Mr. Pakorn Punlee, President of the Association and the delegation along with H.E. Mr. Ovikuroma Orogun Djebah, Ambassador of the Federal Republic of Nigeria trade and investment promotion, Mr. Mohammed Idris Haidara, Minister, Mr. Zakariyah Tinubu, Second Secretary, to visited and met and discussed with Mr. Kriengkrai Thiannukul, Chairman of the FTI, together with Mr. Arin Jira, Vice Chairman of the FTI, Mr. Suparat Sirisuwanangkun Acting President of the Thai-Egypt Business Council, Mr. Yanaphon Limpanachokchai, Chairman of the Agricultural Machinery Industry Group and representatives from the Foreign Affairs Committee at Mongkolsuthi Room, the Federation of Thai Industries.

by in discussion Ambassador has presented the opportunity of the Nigerian market. This is a large market with high growth rates. It is also rich in natural resources such as natural gas, crude oil and tons of coal. Therefore, it is an opportunity for Thai investors. to invest in the natural gas production industry and renewable energy. In addition, the Nigerian government has ongoing economic development and reform plans. to be able to be self-reliant especially in the agricultural sector to reduce the import of goods from abroad It is therefore an opportunity for Thai entrepreneurs to invest in such fields. and seek opportunities to drive cooperation in agricultural technology
FTI has 45 industry groups, including construction, pharmaceutical, food and agricultural machinery. It will communicate to members the opportunity to invest in Nigeria. which is an interesting new market in the African region.

Date 23 June 2022

The Association of Thai-African Relations by Mr. Pakorn Punlee, President of the Association and the delegation along with H.E. Mr. Moustapha El Kouny Ambassador of the Arab Republic of Egypt in Thailand and Cambodia to visited and met and discussed with Mr. Kriengkrai Thiannukul, Chairman of the FTI, together with Mr. Suparat Sirisuwanangkun Acting President of the Thai-Egypt Business Council Mr. Yanaphon Limpanachokchai, Chairman of the Agricultural Machinery Industry Group and representatives from the International Affairs Committee Joined in welcoming at Mongkolsuthi Room, Federation of Thai Industries. on Thursday, June 23, 2022.
during the discussion Ambassador has emphasized the advantages of investing in Egypt Especially in Egypt’s Suez Canal Economic Zone (SCzone), which is an area of ​​strategic advantage and has received policy support from the Egyptian government. to attract foreign investment especially the manufacturing sectors such as rubber products, textiles, automotive parts electronics and shoes by the way Egypt is considered an important trade route. which connects between Asia and Europe, if Thai entrepreneurs invest It will benefit from Egypt having free trade agreements with other countries. Especially the European Union, Africa, including Arab countries.
The Thai-Egypt Business Council Willing to be a medium to promote cooperation for Thai and Egyptian entrepreneurs to create concrete business promotion activities The embassy is willing to help drive business activities between Thailand. and Egypt as well.

Date 21 June 2022

The Association of Thai-African Relations by Mr. Pakorn Punlee, President of the Association and the delegation along with H.E. Mr. Ovikuroma Orogun Djebah, Ambassador of the Federal Republic of Nigeria to Thailand with Mr. Mohammed Idris Haidara, Minister, Mrs. HadiZa Ayuba Yusuf, First Secretary /HOC to visited and met and discussed with Mr. Piroj Chotikasatien, Director-General of the Department of Employment, with executives of the department in discussion to export Thai labor to work in the Federal Republic of Nigeria legally including relevant statistics, Nigerian labor imports come to work in Thailand legally including relevant statistics the possibility of establishing a Memorandum of Understanding on labor exchanges between Thailand and the Federal Republic of Nigeria joint in the future. on June 21, 2022, 11:00 a.m. – 12:00 noon. at Department of Employment, Ministry of Labor.

Date 20 June 2022

The Association of Thai-African Relations by Mr. Pakorn Punlee, President of the Association and the delegation along with H.E. Mr. Ovikuroma Orogun Djebah, Ambassador of the Federal Republic of Nigeria trade and investment promotion, Mrs. Sonari Martha Uraih, First Secretary visited Chanthaburi Province by Mr. Suthee Thongyam, Chanthaburi Governor, and leading the heads of relevant government agencies. and private sector representatives provincial chamber of commerce The Gem and Jewelry Association welcomes and exchanges opinions on trade, investment and promotion of gem and agricultural products business. In Chanthaburi, other nations. while Nigeria wants businessmen Investors from Chanthaburi to invest in agricultural trade in the Nigerian industrial zone that are ready to take care of foreign investors. and products can be distributed more easily in Africa. on June 21, 2022, 10:00 am – 12:00 noon at Chanthaburi Governor’s Lounge, 4th floor, City Hall.

However, the initial development of good cooperation may be in the form of a B TO B cooperation framework of the private sector rather than official cooperation with steps. The law that needs to be studied in detail is that Nigeria will be a country that can distribute the fruit of Chanthaburi farmers across the African continent one way. On this occasion, the Ambassador of the Federal Republic of Nigeria In Thailand, along with the group traveled to visit the Gem and Jewelry Center. Chanthaburi Province exchanging information Opinions with entrepreneurs before being used as information for commercial development joint investment in the future.

Date 17 June 2022

The Association of Thai-African Relations by Mr. Pakorn Punlee, President of the Association and Mr. Papon Seetalayou , Association member along with H.E. Mr. Ovikuroma Orogun Djebah, Ambassador of the Federal Republic of Nigeria trade and investment promotion, Mr. Olushola Seriki, Counsellor Embassy of Nigeria to Thailand., met 1. H.E. Mr. Sihasak Phuangketkeow, Former Permanent Secretary for Foreign Affairs of Thailand, Special Advisor to EEC. 2. Mr. Sukoom Somprasonk, Director Department of Investment Promotion Strategy to EEC. 3. Ms. Nanny to discuss investment between Eastern Economic Corridor of Thailand and Economic Zone of Nigeria on June 12,2022 at Eastern Economic Corridor Office of Thailand.

Date 12 April 2022

The Association of Thai-African Relations by Mr. Pakorn Punlee, President of the Association and Mr. Likhit Hanchangsitthi, Committee along with H.E. Mr. Moustapha El Kouny, Ambassador of the Arab Republic of Egypt in Thailand and Cambodia met 1. H.E. Mr. Sihasak Phuangketkeow, Former Permanent Secretary for Foreign Affairs of Thailand, Special Advisor to EEC. 2. Dr. Petch Chinabutr, Deputy Secretary-General, EEC. 3. Mr.Songwut Apirakkhit, Director of Investment Management. 4. Mr. Weerawat Rattana, Deputy Director of Investment Management. 5. Ms. Nanny to discuss investment between Eastern Economic Corridor of Thailand and Suez Canal Economic Zone of Egypt on April 12 2022 at Eastern Economic Corridor Office of Thailand.

Date 5 April 2022

Joined the meeting to discuss with H.E. AMBASSADOR OMA DJEBAH , Ambassador of the Federal Republic of Nigeria trade and investment promotion. Strengthening the long-standing relationship between Thailand and the Federal Republic of Nigeria including coordinating to meet and talk with Thai government agencies in the next order on April 5, 2022 at the Nigerian Embassy in Thailand.

Date 31 March 2022

The Association of Thai-African Relations by Mr. Pakorn Punlee, President of the Association visits and attend the meeting with H.E. Mr. Moustapha El Kouny Ambassador of the Arab Republic of Egypt in Thailand and Cambodia to discuss trade and investment various economies and Egypt’s overall economy including the news link between Thailand and Egypt on March 31th, 2022 at Embassy of the Arab Republic of Egypt in Thailand.

Date 29 March 2022

The Association of Thai-African Relations by Mr. Pakorn Punlee, President of the Association visits and attend the meeting with Mrs. Pamela Jebichii Kiptiness ( Spouse of Ambassador) Embassy of the Republic of Kenya to discuss many topics in the meeting such as Promote Thai products to Kenya and Kenya products to Thailand, labor and cultural skills and CSR etc, on March 29th, 2022 at Embassy of the Republic of Kenya in Thailand.

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PUBLISH NEWS

The Federation of Thai Industries (FTI)

FTI held a meeting of the Executive Committee with a special lecture “Baht currency management policy amid global economic volatility”

On Monday, October 25, 2022, Mr. Kriengkrai Thiennukul, Chairman of the Federation of Thai Industries (FTI) presided over the meeting. Along with Mr. Krit Imsaeng, Secretary-General of FTI, Mr. Tawee Piyapattana, Senior Vice President of FTI, including the Executive Committee of FTI, attended the meeting at the Passion Conference Room (802). 8th Floor FTI
At the same time, it was honored by Mr. Methee Supaphong, Deputy Governor of the Bank of Thailand for Financial Stability. Special Lecture “Baht currency management policy amid global economic volatility”
By addressing the following issues:
1) The trend of the baht
2) Sentiment that affects the price
3) What the Bank of Thailand can do including factors beyond control
4) The relevance of the policy interest rate and currency.

VIDEO PRESENTATION

Watch more video at The Association of Thai-Africa Relations Youtube Channel (https://www.youtube.com/channel/UCQy8j30RDuRU5rrbCjETcvw)

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