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Economy

Thai parliament passes Eastern Economic Corridor law

Passage seen soothing investor fears and bringing in $9.4bn in funding

Laem Chabang port, in Chonburi Province, Thailand (Photo by Keiichiro Asahara)

BANGKOK -- Thailand's parliament has approved a much-awaited law meant to attract investment to the Eastern Economic Corridor, a series of economic zones that the government has large hopes for.

The National Legislative Assembly's approval could bring about massive infrastructure investments. The Thai government aims to attract at least 300 billion baht ($9.4 billion) of new investment to the corridor this year, according to Kanit Sangsubhan, secretary general of the EEC Office.

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