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BOI to Help Japanese businesses to relocate to Thailand

The Industry Ministry will call a meeting with Board of Investment (BoI) to work out measures for supporting Japanese businesses that might want to relocate to Thailand following the recent earthquake and tsunami in Japan.

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The Industry Ministry will call a meeting with Board of Investment (BoI) to work out measures for supporting Japanese businesses that might want to relocate to Thailand following the recent earthquake and tsunami in Japan.

Industry Vice Minister Puttipong Punnakan said the BoI has been monitoring the impacts of the tsunami and quake. The meeting will aim to come up with a plan to provide privileges and support in special cases to Japanese businesses that want to relocate their production bases to Thailand, which is one of Japan’s main production bases.

Putipong said the results of the meeting would be forwarded for consideration of the council of economic ministries chaired by Prime Minister Abhisit Vejjajiva, without the need to go to the BoI board.

via Govt mulls special privileges for Japanese businesses.

Business

Large Shopping Malls in Bangkok Will Be Closed until July 25th

Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.

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BANGKOK (NNT) – Large-scale shopping malls in Bangkok and in some dark-red zone provinces are now closed for two weeks, to comply with the latest COVID-19 curbs in 10 provinces.

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Business

Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak

The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.

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The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.

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