The cabinet yesterday approved an additional 2.17 billion baht to buy land needed to build the 220-km high-speed railway linking Don Mueang, Suvarnabhumi and U-tapao airports.
| Publication date 01 June 2021 | 17:20 ICT
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Thailand’s PTT and Taiwan’s Foxconn have inked a memorandum of understanding to produce electric vehicles (EVs) and components in the kingdom. PTT
PTT, Foxconn join to make EVs in Thailand
Tue, 1 June 2021
Thai oil and gas conglomerate PTT has partnered with Taiwan’s Foxconn in a deal to produce electric vehicles (EV) in Thailand.
On May 31, the two companies announced they had signed a memorandum of understanding to manufacture EVs and components at an online ceremony overseen by Thai Prime Minister Prayut Chan-o-cha.
The deal is for an “open platform” that provides hardware and software to Thailand-based automakers, though no details of the size of investment were given.
Kobelco Millcon Steel Co (KMS), a joint venture between Thai and Japanese steelmakers, is increasing its supply of premium steel to 12,000 tonnes from 10,000 tonnes a month to meet growing domestic steel demand driven by the automotive industry.
BANGKOK (The Nation/ANN): National oil and gas conglomerate PTT has partnered with Taiwan’s Foxconn in a deal to produce electric vehicles (EVs) in Thailand.
On Monday, the two companies announced they had signed a memorandum of understanding to manufacture EVs and components at an online ceremony overseen by Prime Minister Prayut Chan-O-Cha.
The deal is for an “open platform” that provides hardware and software to Thailand-based automakers, though no details of the size of investment were given.
Foxconn said it will tap its own MIH industry-wide alliance of EV manufacturers to boost the platform in Thailand. This cooperation with PTT and the Thai government to realise the vision of sustainable development of the EV industry, demonstrates that the MIH ecosystem is growing, said Foxconn chairman Liu Young-way, as quoted by Reuters.
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Thai Prime Minister Prayut Chan-o-cha (third right) proposes closer bilateral ties with South Korea through the three Partnerships (3P) strategy, namely, for green economy, future industries and health. Photo supplied
Thai PM proposes closer bilateral ties with South Korea
Mon, 31 May 2021
Thai Prime Minister Prayut Chan-o-cha held discussions with South Korean President Moon Jae-in on a cooperative partnership strategy, focusing on green economy, future industries and health in the post-Covid-19 era.
In a telephone conversation on May 28, the two leaders discussed continuing the momentum of the Thailand-South Korea Strategic Partnership and advancing bilateral cooperation, a statement issued by the Thai foreign ministry said.