BANGKOK, 8 May 2017 (NNT)

The Ministry of Digital Economy and Society has moved forward with its Digital Park Thailand project by drafting up the types of businesses the park will support and attracting foreign investors. 

Digital Economy and Society Minister Pichet Durongkaveroj has let on that last week’s Eastern Economic Corridor (EEC) meeting approved the set up of Digital Park Thailand within the corridor as way to support investment and development of digital technology. 

The digital ministry has been told to draft up all details of the project and its criteria for investment so that the process of attracting investors may begin. The details are to be presented at the next EEC meeting. 

The park is to located on a 700 Rai plot of land in Sri Racha district of Chonburi province. Up to 70 percent of the plot will be private companies while the government will retain the rights to 30 percent of the land. Major companies already being persuaded to set up offices at the park include Facebook, Google and Amazon. Those that set up at the park will have their taxes waived for 8 years and receive a 50 percent discount for the following 5 years. They will also have the choice between a steeped tax system or a fixed rate of 17 percent. 

A delegation of industrial groups and business people from Hong Kong has already arrived in Thailand to discuss the park. 

Picture: Digital Park Thailand (credit: Ministry of Digital Economy and Society, Thailand)

Source: National News Bureau of Thailand

Loading...

Comments

No comments to display.

Related posts

Corteva Agriscience and IRRI Ink Partnership to Develop Advanced Rice Technologies and Programs

The partnership seeks to improve the genetic outcomes of breeding programs, encourage sustainable rice cultivation, and develop new rice varieties which deliver higher yields and are more resilient against biotic and abiotic stresses.
a few seconds ago

Call for Applications: Communication projects which mitigate anthropogenic climate change

The Minor Foundation for Major Challenges (MFMC) is inviting applications from all over the world to fund communication projects which mitigate anthropogenic climate change.
Application Deadline in a month

EU's Call for Proposals: Digital technologies for improved performance in cognitive production plants

Proposals need to develop new technologies to realise cognitive production plants, with improved efficiency and sustainability, by use of smart and networked sensor technologies, intelligent handling and online evaluation of various forms of data streams as well as new methods for self-organizing processes and process chains.
Application Deadline in 4 months

Study reveals best use of wildflowers to benefit crops on farms

For the first time, a Cornell University study of strawberry crops on New York farms tested this theory and found that wildflower strips on farms added pollinators when the farm lay within a "Goldilocks zone," where 25 to 55 percent of the surrounding area contained natural lands.

EU's Call for Proposals: Reinforcing the EU agricultural knowledge base

Activities shall analyse and compare the approaches taken on their performance and impact for farmers/foresters as well as effectivity of the communication and information channels used for dissemination in countries and regions.
Application Deadline in 3 months

The Bali Fintech Agenda: A Blueprint for Successfully Harnessing Fintech’s Opportunities

In response to the Bali Fintech Agenda, the World Bank will focus on using fintech to deepen financial markets, enhance responsible access to financial services, and improve cross-border payments and remittance transfer systems.

EU's Call for Proposals: Sustainable solutions for bio-based plastics on land and sea

Activities shall focus on sustainability strategies and solutions for bio-based productsand support the Plastics Strategy. They shall include innovative product design and business models facilitating efficient reuse and recycling strategies and solutions, including ensuring the safety of recycled materials when used for toys or packaging food stuffs.
Application Deadline in 3 months

EU's Call for Proposals: Startup Europe for Growth and Innovation Radar

Actions should help startups and scaleups achieve market success and mature the innovation excellence of high potential innovators.
Application Deadline in 5 months

Gartner Identifies the Top 10 Strategic Technology Trends for 2019

“The Intelligent Digital Mesh has been a consistent theme for the past two years and continues as a major driver through 2019. Trends under each of these three themes are a key ingredient in driving a continuous innovation process as part of a ContinuousNEXT strategy,” said David Cearley, vice president and Gartner Fellow.

Volvo and NVIDIA will jointly develop AI-capable core computer for the next generation of Volvo cars

The new computing platform will use NVIDIA’s advances in AI as well as its unrivalled computing power, allowing Volvo Cars to take considerable steps forward in implementing advanced driver support systems, energy management technology and in-car personalisation options.