Tuesday, August 11, 2020

Investment in EEC drops more than 18%

Jun 29. 2020
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By THE NATION

The number of firms registering in the Eastern Economic Corridor (EEC) from January-May this year dropped 13.35 per cent year on year to 2,731, Department of Business Development director general Vuttikrai Leewiraphan announced today.

Their total registered capital was Bt6.790 billion, down 18.32 per cent year on year.

The EEC covers Chachoengsao, Rayong and Chonburi.

The real estate sector tops the rankings of new EEC registrations with 443 firms and total registered capital of Bt1.413 billion, followed by the construction sector with 202 firms and total capital of Bt321 million, and real estate agents at 124 with registered capital of Bt369 million.

The current number of registered businesses in the EEC is 74,073 with total capital of Bt1.959 billion. Of these, 54,357 are in Chonburi, 13,909 in Rayong and 5,807 in Chachoengsao.

Foreign investment in EEC firms has reached Bt788.156 billion, representing 40.22 per cent of total investment in the corridor. Foreigners can take a maximum 49.9 per cent stake in Thai companies.

Japan tops the EEC foreign investment rankings at Bt379.135 billion, followed by China at Bt83.767 billion and Singapore at Bt43.235 billion.

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