Law urged for Northeast zone

The government is being advised to enact a specific law to govern the planned Northeast Economic Corridor (NEEC) to facilitate its development.

The new corridor is expected to be similar in form to the government’s current flagship Eastern Economic Corridor (EEC), which covers three provinces.

Isara Vongkusolkit, honorary chairman of Mitr Phol Sugar Corp, Asia’s largest sugar producer, and honorary chairman of the Thai Chamber of Commerce, said a specific law will facilitate quicker and more efficient development of the new economic corridor.

The law would provide a mandate for all related agencies to engage in the development, including the Interior, Industry, and Natural Resources and Environment ministries, as well as the Board of Investment (BoI).

Investors must currently seek permission from many agencies, leading to a lot of procedures that are deemed obstacles for development, said Mr Isara.

He said development of the corridor also requires upgrading the skills of local workers, which is a government priority if it wants to staff the NEEC with Thai employees.

R&D will also prove instrumental in developing the NEEC, said Mr Isara.

“The Thai government should implement policies and incentives similar to those offered by the China Guangxi Pilot Free Trade Zone [GXFTZ], for which I was an adviser,” he said.

The GXFTZ is one of six pilot zones designated by the State Council of China in August 2019.

Mr Isara said the BoI’s investment privileges are not the most significant factor attracting capital to the NEEC, especially for small and medium-sized enterprises.

He proposed the government implement one-stop services for investment as well as offer financial aid packages.

Mr Isara said water supply development is crucial to upgrade the productivity of the farm sector and the income of people in the region, which is home to 21 million people representing 33% of Thailand’s population.

He supports the development of the Khong-Chi-Mun plan, an irrigation scheme initiated 30 years ago to bring water to arid regions in the Northeast.

Under the project, a series of dams, irrigation canals and pumping stations are set up along the Mekong River to feed local tributaries.

Some portions of the project were built over two decades ago, but work stopped following protests from locals who feared an adverse impact on the environment.

The government is keen to develop three new economic corridors it sees as instrumental in increasing investment and rehabilitating the economy in 5-6 years.

The projects are the NEEC, the Northern Economic Corridor and the Southern Economic Corridor.

They are scheduled to be promoted in the 13th national economic and social development plan that spans 2023-27.

The NEEC covers the provinces of Udon Thani, Khon Kaen, Nakhon Ratchasima and Nong Khai.

The corridor is expected to manufacture products to supply the EEC and China, with an emphasis on bio-economy development because of the area’s plentiful raw materials such as rice, tapioca and sugar cane.

Internet Explorer Channel Network
News Related

OTHER NEWS

East West Consolidated September 2021 Net Sales at Rs 57.75 crore, up 52.27% Y-o-Y

Reported Consolidated quarterly numbers for East West Holdings are: Net Sales at Rs 57.75 crore in September 2021 up 52.27% from Rs. 37.92 crore in September 2020. Quarterly Net Profit ... Read more »

Tinna Rubber an Consolidated September 2021 Net Sales at Rs 54.62 crore, up 76.4% Y-o-Y

Reported Consolidated quarterly numbers for Tinna Rubber and Infrastructure Ltd. are: Net Sales at Rs 54.62 crore in September 2021 up 76.4% from Rs. 30.96 crore in September 2020. Quarterly ... Read more »

Indiamart Inter Consolidated September 2021 Net Sales at Rs 182.40 crore, up 11.76% Y-o-Y

Reported Consolidated quarterly numbers for Indiamart Intermesh are: Net Sales at Rs 182.40 crore in September 2021 up 11.76% from Rs. 163.20 crore in September 2020. Quarterly Net Profit at ... Read more »

Sasken Tech Consolidated September 2021 Net Sales at Rs 108.65 crore, up 1.28% Y-o-Y

Reported Consolidated quarterly numbers for Sasken Technologies are: Net Sales at Rs 108.65 crore in September 2021 up 1.28% from Rs. 107.28 crore in September 2020. Quarterly Net Profit at ... Read more »

IDBI Bank Consolidated September 2021 Net Interest Income (NII) at Rs 1,860.03 crore, up 9.21% Y-o-Y

Reported Consolidated quarterly numbers for IDBI Bank are: Net Interest Income (NII) at Rs 1,860.03 crore in September 2021 up 9.21% from Rs. 1703.2 crore in September 2020. Quarterly Net ... Read more »

IDBI Gold ETF Consolidated September 2021 Net Interest Income (NII) at Rs 1,860.03 crore, up 9.21% Y-o-Y

Reported Consolidated quarterly numbers for IDBI Gold ETF are: Net Interest Income (NII) at Rs 1,860.03 crore in September 2021 up 9.21% from Rs. 1703.2 crore in September 2020. Quarterly ... Read more »

Tejas Networks Consolidated September 2021 Net Sales at Rs 172.78 crore, up 56.99% Y-o-Y

Reported Consolidated quarterly numbers for Tejas Networks are: Net Sales at Rs 172.78 crore in September 2021 up 56.99% from Rs. 110.06 crore in September 2020. Quarterly Net Profit at ... Read more »

Reliance shareholders approve appointment of Aramco Chairman Yasir Al-Rumayyan on board

Shareholders of Reliance Industries have approved the appointment of Saudi Aramco Chairman Yasir Al-Rumayyan on the company board, with less than 2 per cent of votes cast against the proposal. ... Read more »

Angel Broking Consolidated September 2021 Net Sales at Rs 527.34 crore, up 70.19% Y-o-Y

Reported Consolidated quarterly numbers for Angel Broking are: Net Sales at Rs 527.34 crore in September 2021 up 70.19% from Rs. 309.86 crore in September 2020. Quarterly Net Profit at ... Read more »

The existing model of capitalism has run its course — Putin

© Dmitry Feoktistov/TASS The existing model of capitalism has run its course – Putin Read more »

Deep Polymers L Consolidated September 2021 Net Sales at Rs 43.20 crore, up 423.38% Y-o-Y

Reported Consolidated quarterly numbers for Deep Polymers Limited are: Net Sales at Rs 43.20 crore in September 2021 up 423.38% from Rs. 8.25 crore in September 2020. Quarterly Net Profit ... Read more »

20 Microns Consolidated September 2021 Net Sales at Rs 162.28 crore, up 26.15% Y-o-Y

Reported Consolidated quarterly numbers for 20 Microns are: Net Sales at Rs 162.28 crore in September 2021 up 26.15% from Rs. 128.64 crore in September 2020. Quarterly Net Profit at ... Read more »

Cramer calls Tesla's quarterly results 'perfect,' sees stock going to $1,000

Jim CramerScott Mlyn | CNBC CNBC's Jim Cramer said Thursday that Tesla's third-quarter earnings were “perfect,” predicting the stock will eventually reach $1,000 per share. Read more »

VST Standalone September 2021 Net Sales at Rs 360.86 crore, up 20.15% Y-o-Y

Reported Standalone quarterly numbers for VST Industries are: Net Sales at Rs 360.86 crore in September 2021 up 20.15% from Rs. 300.33 crore in September 2020. Quarterly Net Profit at ... Read more »

Indiamart Inter Standalone September 2021 Net Sales at Rs 181.60 crore, up 12.24% Y-o-Y

Reported Standalone quarterly numbers for Indiamart Intermesh are: Net Sales at Rs 181.60 crore in September 2021 up 12.24% from Rs. 161.80 crore in September 2020. Quarterly Net Profit at ... Read more »

Kabra Extrusion Standalone September 2021 Net Sales at Rs 83.10 crore, up 20.3% Y-o-Y

Reported Standalone quarterly numbers for Kabra Extrusion Technik are: Net Sales at Rs 83.10 crore in September 2021 up 20.3% from Rs. 69.08 crore in September 2020. Quarterly Net Profit ... Read more »

IDBI Div 95 Standalone September 2021 Net Interest Income (NII) at Rs 1,853.65 crore, up 9.35% Y-o-Y

Reported Standalone quarterly numbers for IDBI Div I NIT 95 are: Net Interest Income (NII) at Rs 1,853.65 crore in September 2021 up 9.35% from Rs. 1695.13 crore in September ... Read more »

East West Standalone September 2021 Net Sales at Rs 2.26 crore, up 97.88% Y-o-Y

Reported Standalone quarterly numbers for East West Holdings are: Net Sales at Rs 2.26 crore in September 2021 up 97.88% from Rs. 1.14 crore in September 2020. Quarterly Net Loss ... Read more »

Supreme Petro Standalone September 2021 Net Sales at Rs 1,190.76 crore, up 71.57% Y-o-Y

Reported Standalone quarterly numbers for Supreme Petrochem are: Net Sales at Rs 1,190.76 crore in September 2021 up 71.57% from Rs. 694.06 crore in September 2020. Quarterly Net Profit at ... Read more »

Just Dial Standalone September 2021 Net Sales at Rs 155.98 crore, down 6.89% Y-o-Y

Reported Standalone quarterly numbers for Just Dial are: Net Sales at Rs 155.98 crore in September 2021 down 6.89% from Rs. 167.53 crore in September 2020. Quarterly Net Profit at ... Read more »

20 Microns Standalone September 2021 Net Sales at Rs 137.31 crore, up 17.78% Y-o-Y

Reported Standalone quarterly numbers for 20 Microns are: Net Sales at Rs 137.31 crore in September 2021 up 17.78% from Rs. 116.59 crore in September 2020. Quarterly Net Profit at ... Read more »

Sasken Tech Standalone September 2021 Net Sales at Rs 99.46 crore, up 1.33% Y-o-Y

Reported Standalone quarterly numbers for Sasken Technologies are: Net Sales at Rs 99.46 crore in September 2021 up 1.33% from Rs. 98.15 crore in September 2020. Quarterly Net Profit at ... Read more »

Rane Engine Standalone September 2021 Net Sales at Rs 99.61 crore, up 21.37% Y-o-Y

Reported Standalone quarterly numbers for Rane Engine Valves are: Net Sales at Rs 99.61 crore in September 2021 up 21.37% from Rs. 82.07 crore in September 2020. Quarterly Net Loss ... Read more »

Deep Polymers L Standalone September 2021 Net Sales at Rs 42.69 crore, up 424.2% Y-o-Y

Reported Standalone quarterly numbers for Deep Polymers Limited are: Net Sales at Rs 42.69 crore in September 2021 up 424.2% from Rs. 8.14 crore in September 2020. Quarterly Net Profit ... Read more »

IDBI Bank Standalone September 2021 Net Interest Income (NII) at Rs 1,853.65 crore, up 9.35% Y-o-Y

Reported Standalone quarterly numbers for IDBI Bank are: Net Interest Income (NII) at Rs 1,853.65 crore in September 2021 up 9.35% from Rs. 1695.13 crore in September 2020. Quarterly Net ... Read more »

Fervent Synergi Standalone September 2021 Net Sales at Rs 0.25 crore, down 79.84% Y-o-Y

Reported Standalone quarterly numbers for Fervent Synergies are: Net Sales at Rs 0.25 crore in September 2021 down 79.84% from Rs. 1.24 crore in September 2020. Quarterly Net Profit at ... Read more »

Tejas Networks Standalone September 2021 Net Sales at Rs 172.53 crore, up 57% Y-o-Y

Reported Standalone quarterly numbers for Tejas Networks are: Net Sales at Rs 172.53 crore in September 2021 up 57% from Rs. 109.89 crore in September 2020. Quarterly Net Profit at ... Read more »

IDBI Gold ETF Standalone September 2021 Net Interest Income (NII) at Rs 1,853.65 crore, up 9.35% Y-o-Y

Reported Standalone quarterly numbers for IDBI Gold ETF are: Net Interest Income (NII) at Rs 1,853.65 crore in September 2021 up 9.35% from Rs. 1695.13 crore in September 2020. Quarterly ... Read more »

Mayukh Dealtrad Standalone September 2021 Net Sales at Rs 0.58 crore, up 68.28% Y-o-Y

Reported Standalone quarterly numbers for Mayukh Dealtrade are: Net Sales at Rs 0.58 crore in September 2021 up 68.28% from Rs. 0.35 crore in September 2020. Quarterly Net Profit at ... Read more »

Music Broadcast Standalone September 2021 Net Sales at Rs 42.04 crore, up 39.77% Y-o-Y

Reported Standalone quarterly numbers for Music Broadcast are: Net Sales at Rs 42.04 crore in September 2021 up 39.77% from Rs. 30.08 crore in September 2020. Quarterly Net Profit at ... Read more »

Tinna Rubber an Standalone September 2021 Net Sales at Rs 54.62 crore, up 76.4% Y-o-Y

Reported Standalone quarterly numbers for Tinna Rubber and Infrastructure Ltd. are: Net Sales at Rs 54.62 crore in September 2021 up 76.4% from Rs. 30.96 crore in September 2020. Quarterly ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic