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Thai cabinet approves six new special economic zones in EEC for future industries

13 Sept 21:38 Key points summarised by AI

The Thai cabinet has approved six new special economic promotion zones within the Eastern Economic Corridor (EEC) to attract over 300 billion baht in investments.
These zones are designed to foster future industries such as modern automotive, smart electronics, logistics, aviation, agriculture, and biological technology, addressing the anticipated full utilization of existing EEC areas within five years.
Five of the new zones span over 1,100 hectares, targeting specific industries with an estimated investment of over 280 billion baht over the next decade.
A sixth zone, the Ban Chang Digital Innovation and Advanced Technology Centre, is allocated 20 billion baht to develop research in digital industry, high technology, and innovation, enhancing Thailand's digital competitiveness.

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.