[Sinopec signed a cooperation document with Thailand] On March 26, it was learned from the Press Office of Sinopec that SINOPEC and the Ministry of Commerce of Thailand signed a memorandum of understanding on cooperation in Bangkok to further strengthen the cooperation between the two sides in product promotion and market development. Mr. Zhao Dong, General Manager of Sinopec, Mr. Keerati Rushchano, Permanent Secretary of the Ministry of Commerce of Thailand, signed the agreement on behalf of the two sides. Mr. Zhang Xiaoxiao, Counsellor of the Economic and Commercial Department of the Chinese Embassy in Thailand, and Mr. Phumthum Wechayachai, Deputy Prime Minister and Minister of Commerce of Thailand, witnessed the signing ceremony. The two sides indicated that the signing of the MOU will enhance bilateral trade and investment exchanges, promote business cooperation between the two sides, help the two sides to jointly explore mutually beneficial cooperation opportunities, and further promote the development of business activities between China and Thailand. In addition, the signing of the agreement will also help provide quality products of the two countries to each other and provide more quality choices for the better life of the two peoples. Sinopec is a joint-stock company with integrated operations of upstream, middle and downstream oil and gas business, listed at home and abroad. It is the largest supplier of refined oil and petrochemical products in China, the largest refining company and the second largest chemical company in the world, and has been ranked among the top of Fortune Global 500 for ten consecutive years. Earlier, Sinopec (Hong Kong) Limited signed an equity purchase agreement with Thailand's Susco Refined Oil and Aviation Coal Sales Company to acquire 49% of its wholly-owned subsidiary Susco Dealers Company Limited to jointly expand the Thai refined oil terminal market. Editor/Xu Shengpeng

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• 2024.04.26 17:40
• [China's battery factory will land in Thailand, with an investment of 30 billion]
• The Board of Investment Promotion of Thailand (BOI) revealed that Seven world-leading Chinese battery manufacturers, including Ningde Times New Energy Technology Co., LTD., AVIC Lithium Technology Co., LTD., Inbai Battery Technology Co., LTD., Yiwei Lithium Energy Co., LTD., Guoxun High-tech Power Energy Co., LTD., Xinwangda Electronics Co., LTD., and Beehive Energy Technology Co., LTD., have chosen Thailand as their battery production base The development prospect of... BOI predicts that in 2024, at least two battery manufacturers from China will invest in the production of batteries in Thailand, and the first phase of investment will exceed 30 billion baht. In order to attract more battery manufacturers to invest in Thailand to set up production bases, BOI and relevant departments will introduce a series of policy measures, such as exempting investors from corporate income tax, exempting machinery and raw material import duties, etc., while relevant departments will also provide certain financial support, improve the relevant infrastructure construction, and train high-level researchers in related fields. With the continuous presence of battery manufacturers, it will help improve the supply chain of Thailand's electric vehicle industry and achieve energy renewable. Editor/Xu Shengpeng

• 2024.04.26 17:40
• [The second phase of the China-Thailand Railway was submitted for deliberation]
• National Railway Authority of Thailand (SRT) Director Neelu revealed that on the 18th of this month, the board of directors of the Railway Bureau met to review the second phase of the China-Thailand government high-speed railway project: Korat - Nong Khai section cooperation project, the project length of 357.12 kilometers, the budget of 341.351 billion baht. It is divided into 235.129 billion baht for civil works of the high-speed rail project, 10.31 billion baht for land ownership and property compensation, 80.165 billion baht for investment in the railway system-electric train system and machinery, and 10.06 billion baht for project management consultancy and supervision work and system certification. At present, the detailed design of the project has been completed and the environmental impact assessment report is in progress. Meanwhile, the second phase of the China-Thailand high-speed railway project will be tendering in the form of an E-Bidding system in 2025, with a total of 13 project contracts, which are expected to be completed in 2030 and put into use in 2031. In addition, the project has also adjusted the civil works, divided into 202.48 km of elevated track and 154.64 km of surface track, aiming to avoid impact on the five large stations in the relevant area. Editor/Xu Shengpeng