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Thailand aims to boost investment in the country's industrial east this year by 44% to around $10 billion, a deputy prime minister said on Monday, after a 45% drop last year due to the impact of the Covid-19 coronavirus pandemic.The country hopes to receive investment projects worth 300 billion baht ($10 billion) in the Eastern Economic Corridor (EEC) this year, after 209 billion baht last year, or 43% of the country's total investment. The EEC straddles eastern provinces and is a centrepiece of government efforts to boost growth and encourage investment particularly in high-tech industries. Investors are allowed to rent land for up to 99 years.This year the government will encourage both domestic and foreign investment, including by providing competitive incentives and meeting investors. More investors should return to Southeast Asia, including Thailand, after the coronavirus situation improves.Thailand is targeting the immunisation of 19 million people against the coronavirus in a first phase of inoculations starting later this month. read more

SET-listed AP Thailand's low-rise sales and Sansiri Plc's condo discounts drove them to the top rankings for residential transfers last year with a combined 91 billion baht.AP reported residential transfers worth a combined 46 billion baht in 2020, 13.5% higher than its target of 40.6 billion and the highest since it was founded in 1991.Sansiri posted 45 billion baht in transfers last year, the highest since its establishment in 1984, for growth of 45% from 2019. Sansiri also bested its target of 43 billion baht. read more

SET-listed developer Frasers Property Thailand (FPT) plans to launch at least 27 new residential projects worth a combined 35 billion baht in 2021, aiming to have a revenue growth of 10% to 16 billion baht. ''The economy and property market will improve next year despite the uncertainty of the pandemic and the political situation,'' Saenphin Sukhee, chief executive of Frasers Property Home (FPH). FPH plans to spend 10.7 billion baht to buy new plots for residential development in 2022.   read more

Hong Kong-based investment group Hongkong Land and SET-listed developer Singha Estate remain confident in the Thai property market over the long run and will continue investing. Hongkong Land has three joint venture projects in the pipeline to be launched next year. One of these is a mixed-use development with a high-end mall, a luxury hotel and an Grade-A office tower on Wireless Road where the former British Embassy was situated, in partnership with Central Pattana. Opposite the former British Embassy plot, Hongkong Land plans to develop a super-luxury condo project as a joint venture with SET-listed developer Noble Development. This project is scheduled to launch in the first quarter of 2021, after having been delayed from this quarter because of the pandemic, according to Noble. Hongkong Land is also in a joint venture with SET-listed developer Property Perfect for a super-luxury single detached house project in the Chaeng Watthana area. Invest Bangkok +6016-4465689 (WhatsApp | WeChat | LINE)   read more

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The government will sign ''Contract 2.3'', worth more than 50 billion baht, for work on the Thai-Chinese high-speed railway between Bangkok and Nakhon Ratchasima.The contract will have three parties - the State Railway of Thailand, China Railway International Co and China Railway Design Corporation. The project’s first phase, a 253-kilometre track from Bangkok to Nakhon Ratchasima, will have six stations - Bangkok (Bang Sue), Don Muang, Ayutthaya, Saraburi, Pak Chong and Nakhon Ratchasima,There are a total of 14 contracts involved in the 179-billion-baht, 253-kilometre rail route from Bangkok to Nakhon Ratchasima, the gateway to the Northeast. Deputy Prime Minister and Public Health Minister Anutin Charnvirakul, Transport Minister Saksayam Chidchob and executives of the Chinese government will witness the signing at Government House. Welcome Invest Bangkok Property, Call +6016-4465689 read more

Russia was Thailand's 30th-largest trading partner last year, with two-way trade amounting to $3.13 billion. Thai exports to Russia totalled $958 million, with key export items including automobiles and parts and rubber, while imports accounted for $2.17 billion, led by crude oil, steel, arms and fertiliser. Thailand urged Russia to help increase imports of Thai agricultural products such as chicken, shrimp and rubber. Russia has asked the Thai government to support Mir, a national payment system set up by the central bank of Russia, and the Mir card for use in Thailand to accommodate Russian tourists. About 1.5 million Russian tourists came to Thailand last year. Invest Bangkok Property  +6016-4465689 read more