Thai Deputy Prime Minister meets with RoK businesses during visit
Thailand’s Deputy Prime Minister Somkid Jatusripitak continued to secure business and economic deals in the Republic of Korea (RoK), garnering attention for the Kingdom’s electric train projects.
Thailand’s Deputy Prime Minister Somkid Jatusripitak (Source :businesstimes.com.sg)
Seoul ( VNA/ NNT) – Thailand’s Deputy Prime Minister Somkid Jatusripitak continued to secure business♒ and economic deals in the Republic of Korea (RoK), garnering attention for the Kingdom’s electric train projects.
On the third day of his mission to the RoK on March 23, Deputy Prime Minister Somkid Jatusripitak met with leading electronics company Samsung to increase the company’s investments in Thailand.
Samsung recently moved its television production out of Thailand after selecting the country to serve as its base for household appliance production.
The deputy premier told the company Thailand is fully ready to support its plans and invited it to choose the Kingdom for investment in high-technology products.
The deputy premier also met with Daewoo, a leader in infrastructure projects, speaking with the company about the nation’s deep sea ports, electric trains and canal systems.
The business has already shown interest in taking part in the Pink and Yellow train line projects and is looking into the high speed train connection between Mukdaharn and Mae Sod of Tak province.
Meeting with Hana Financial, which exited Thailand during the 1997 financial crisis, Somkid suggested the institution take over smaller banks in Thailand to set up a base of offices to handle RoK businesses shifting operations to the Kingdom.
On Lotte Co. Ltd’s aims to set up duty free shopping centers at major Thai airports, the deputy prime minister said he has forwarded the matter to the Ministry of Commerce and Ministry of Transport while recommending that the company instead look to provincial airports.
Federation of Thai Industries President Suphan Mongkolsuthee, who is travelling with the deputy prime minister, spent the day studying the set up of a small and medium enterprise support centre to enhance Thailand’s assistance for small businesses.-VNA
Thailand and Taiwan have agreed to jointly enforce laws related to tuna fishing, in a bid to remove the European Union's yellow card for illegal, unreported, and unregulated (IUU) fishing.
The trilateral air exercise among Singapore, Thailand and the US named “Cope Tiger” concluded at Korat Air Base in Thailand, said Singapore’s Ministry of Defence (MINDEF) on March 18.
The Thai Ministry of Labour will intensify action against Illegal, Unreported and Unregulated fishing after a signing cooperation agreement with the EU and International Labor Organisation.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
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In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
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Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.
Univers said in a statement that the new centre will serve as a hub for innovation, bringing together digital intelligence and climate ambition to accelerate Sarawak's transition toward a low-carbon, tech-enabled economy.
The target is to be completely free from plastic waste within two years. This can only be achieved if all parties implement the initiative with strong discipline.
Indonesia is taking new steps to improve protections for fishery workers, amid concerns over low wages, harsh working conditions, and limited access to social welfare.
The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum that opened in Jakarta on June 17 reaffirmed a shared commitment to shaping a connected, resilient future by advancing the ASEAN Connectivity Strategic Plan.
The desk will serve as a service centre providing market intelligence, business licensing guidance, facilitating business cooperation, identifying potential investment projects, and harmonising regulatory policies between the two parties.
Malaysian Prime Minister Anwar Ibrahim noted that the Asia-Pacific region accounted for half of global energy consumption and 60% of greenhouse gas emissions in 2024. Despite this, regional countries, including eight of ten ASEAN member states, remain committed to climate goals, including net-zero emissions and tripling global renewable capacity by 2030.
The new halal cooperation arrangement will streamline halal certification and product assurance processes, making it easier for New Zealand exporters to access the Indonesian market.
Thailand’s Deputy Prime Minister Somkid Jatusripitak (Source :businesstimes.com.sg)
