The Thai government is planning to move faster in the implementation of the Eastern Economic Corridor project.

The Thai government is planning to move faster in the
implementation of the Eastern Economic Corridor project. (Source: VNA)
Director of the State Enterprise Policy Office Ekniti Nitithanprapas,
said on December 27 that the government is in a position that does not
allow it to utilise the country’s annual budget for investment in the EEC
project as the money needs to be spent on numerous non-profit projects, such as
the funding of hospitals.
At the same time, it is impossible to use money from the Thailand Future Fund
because the private sector would not be able to cope with the risks associated
with the project as there is only vacant land there right now, Ekniti
said.
He added that public borrowing is also not viable as it could drive public debt
up to the level of a financial crisis.
Therefore, the government has decided to adopt the Public-Private Partnership
(PPP) Fast Track approach and have PPP EEC TRACK help shoulder the investment
cost.
Meanwhile, Secretary-General of EEC policy Kanit Sangsubhan says that the
adoption of PPP EEC Track will mean the implementation of five projects,
including the development of U-Tapao Airport and aviation maintenance hub, a
high-speed train system connecting three airports, and the expansion of Laem
Chabang Port and the Map Ta Phut Industrial Port — all of which will need no
less than 600 billion THB in investment.
In addition, Minister Attached to the Prime Minister’s Office Kobsak Pootrakool
added that the PPP EEC Track will help speed up investment in the EEC as the
entire period of preparation will take less than 10 months and the scheme is
open to the involvement of both local and foreign investors.
Source: VNA
Many countries are grappling with rapidly aging population. As population aging becomes an irreversible global trend with significant impacts on economic and social sectors, nations face the urgent task of creating flexible policies to adapt to and make the most of this trend to build prosperous and sustainable societies.
With a series of stimulus measures, the world tourism industry is on the way to recovery as before the COVID-19 pandemic broke out. Facing the opportunity to take off, the "smokeless industry” is expected to strongly contribute to global economic growth while promoting potential and cohesion, contributing to peace and sustainable development.
The danger from the COVID-19 pandemic is still latent, threatening people’s health and lives in the context that the immunity provided from the COVID-19 vaccine has decreased. Many other dangerous diseases are also likely to break out when the global vaccination rate slows down, due to inequality in access to health services, vaccine hesitancy, and consequences of economic recession.
The Association of Southeast Asian Nations (ASEAN) is witnessing a rise in the sales of electric vehicles (EVs) in Vietnam, Malaysia and Indonesia, according to Maybank Investment Bank Research (Maybank IB Research).
The respect paying ceremony for Party General Secretary Nguyen Phu Trong continued on the morning of July 26 at the National Funeral Hall in Hanoi, with high-level delegations from foreign countries and international organisations paying their last respects and expressing deep condolences.
A wave of condolences have poured in from world leaders, international organisations, rulling parties, Communist parties and partner parties following the death of Vietnamese Party General Secretary Nguyen Phu Trong.