Project Value under Board of Investment Programs Increases 80% in First Quarter BANGKOK (NNT) – The value of investment projects, submitted under Board of Investment (BoI) tax incentive programs, has increased by 80% year-on-year to 123.36 billion baht in the first quarter, driven mainly by the COVID-19 pandemic and measures to curb the spread of the…
Thailand gets 100bn baht foreign investment for 2021 fiscal year BANGKOK (NNT) – Despite the new wave of COVID-19 being a major concern in Thailand, the country is still known to be attractive in the eyes of foreign investors. The foreign investment figure from October 2020 to March this year was valued over 100 billion…
Thailand set to be ‘key logistics hub’ Thailand has the potential to become a key logistics hub in the Greater Mekong Subregion (GMS) through its Eastern Economic Corridor (EEC), a forum was told. “When we work together to fulfill the potential of the EEC, Thailand and the GMS can become a powerhouse across the world,”…
Thailand Eastern Economic Corridor expects 300-billion-baht investment in 2021 BANGKOK – Thailand expects investment to triple to at least 300 billion baht in the Eastern Economic Corridor (EEC) this year as investment projects previously held by the coronavirus outbreak get pushed forward again as the pandemic eases. EEC Secretary -General Kanit Sangsubhan said actual investment in…
Power a priority to cope with Thai EEC demands Thailand’s Ministry of Energy is seeking acceleration of new power projects to cope with the expected sharp spike in electricity demand with the promotion of the Eastern Economic Corridor (EEC). Ministry officials met with the EEC Policy Committee and the National Energy Reform Committee (NERC) late…
Action needed to woo investment The economic head at South Korea’s embassy issues a challenge, writes William Hicks Thailand needs to “wake up” and find aggressive, proactive means to attract foreign businesses and investment or it risks falling behind Vietnam, says the economic head at the South Korean Embassy to Thailand. Jeon Joyoung, deputy chair…
Thailand BOI Okays Steps to Accelerate Investment and Promote Digital Adoption The Thailand Board of Investment (BOI) on Monday approved a series of measures to accelerate investments, particularly in target industries and to encourage business to adopt digital technologies. BANGKOK, Dec. 21, 2020 /PRNewswire/ — “The package to promote large scale projects was designed to boost investment…
Thailand plans large-scale 5G adoption by next year Thailand could adopt a large-scale 5G network by next year. The fifth generation wireless technology has higher speeds, lower latency and the ability to connect more devices. The National Broadcasting and Telecommunications Commission, or NBTC, says they are ahead of schedule. Along with the mass adoption of…
Thailand plans economic restructuring to attract foreign investment The Government of Thailand looks to restructure the economy next year to attract foreign investors to new industries and establish a central e-commerce platform to boost online sales nationwide, local media reported. Bangkok (VNA) – The Government of Thailand looks to restructure the economy next year to attract…
Employment key to reopening economy Finance Minister Arkhom Termpittayapaisith has instructed ministry departments to devise measures to tackle unemployment and propel the economic recovery in preparation for a full reopening of Thailand’s economy. “Businesses without money cannot hire people, therefore one of the measures to tackle unemployment is to maintain existing employment. The government can…