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Thailand: Chamber wants law for Northeast economic 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 […]

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SCG Packaging plans B11.8 bn Vietnam expansion

SCG Packaging Plc (SCGP) on Monday announced an 11.8 billion baht expansion in its packaging paper business in Vietnam, anticipating growth in demand. A new facility will be built in Vinh Phuc province in northern Vietnam, to begin operations in early 2024 and produce 870,000 tonnes of packaging paper per year, up from 500,000, SCGP said […]

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Thailand: Debt ceiling could be raised to 70% soon

The Finance Ministry may propose on Monday raising the ceiling of the public debt-to-GDP ratio to 70% from 60%, says a ministry source who requested anonymity. The proposal is to a committee overseeing fiscal discipline. Raising the ceiling to 70% would allow Thailand to borrow an additional 2 trillion baht, the source said. The committee, […]

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