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AseanPlus News

Thailand to sign rail pact with Laos and China at forum

BANGKOK: Thailand will sign a memorandum of cooperation with China and Laos for a rail link aimed at fulfilling a regional connectivity ambition, when Prime Minister Prayut Chan-o-Cha visits Beijing this week for the second Belt and Road Forum, the Foreign Ministry said.

Business

A US$54b economic revamp at risk from Thailand election uncertainty

BANGKOK: A high-speed train that glides from an expanded coastal airport handling 60 million passengers toward cavernous new stations in Bangkok. An infrastructure blitz that takes Thailand’s economy to new heights.

Business

Thailand faces risk of political disarray as vote nears

BANGKOK: A high-speed train that glides from an expanded coastal airport handling 60 million passengers toward cavernous new stations in Bangkok. An infrastructure blitz that takes Thailand’s economy to new heights.

Business

Thai 2018 investment applications top US$28bil

BANGKOK: Investment applications in Thailand reached a total of 902 billion baht (US$28.2bil) in 2018, 43% higher than the previous year and beating a target of 720 billion baht, the state investment agency said.

Business

Thai tycoon’s global consortium to bid for rail job

BANGKOK: Billionaire Dhanin Chearavanont’s (pic) Charoen Pokphand Group is teaming up with companies from Asia and Europe to bid for a 225 billion-baht (US$6.8bil) high-speed rail link connecting three international airports in Thailand.

Business

Thailand’s US$6.9bil rail link to pick contractor

BANGKOK: Thailand expects to select a consortium by January to build a 225 billion baht (US$6.9bil) high-speed rail link connecting three international airports, one of the largest transport projects in its history.

TECH

Experts worried about lack of digital skills in Thailand

The hype over Chinese e-commerce giant Alibaba’s US$300 (RM1.1bil) investment in Thailand and its huge Tmall online platform has only masked the country’s fundamental weaknesses in embracing the digital technology for economic and social benefits, according to experts.

Corporate News

Alibaba to invest US$320m in Thailand, as rivals boost presence

BANGKOK: Alibaba is investing US$320 million in Thailand as the e-commerce giant aims to tap Chinese consumers' appetite for the Southeast nation's agricultural goods and for its tourism market amid growing competition from rivals.

Business

HNA IF sees Malaysia as ideal investment destination

HNA Innovation Finance (HNA IF), part of the large China-based HNA Group empire that has made aggressive acquisitions throughout the world, is considering Malaysia as an ideal destination for investment as it pursues its Belt and Road initiatives in this part of the world.

Business

Indonesia, Thailand and Malaysia eyeing Singapore's aviation maintenance

JAKARTA: Singapore, the dominant hub for aircraft maintenance, repair and operations (MRO) in South-East Asia, the world’s fastest-growing aviation market, is under threat from low-cost rivals in nearby Indonesia, Thailand and Malaysia