About 700 local and foreign investors have agreed to participate in a seminar, entitled “Thailand: A Regional Trading and Modern Industry Hub”, organized by the Board of Investment on June 30.
The seminar was intended to inform potential investors of the tax privileges and other incentives they would receive for investing in Thailand in order to encourage more investment in Thailand.For the first five months of this year, altogether 188 projects with a combined investment totaling 28,940 million baht have applied for BOI promotions.
The projects seeking BOI promotions include: 44 projects for renewable energy; 26 projects for science, technology and innovations; 15 projects for agro industry; and aircraft spare parts industry.Acting BOI secretary-general Mrs Hirunya Sujinai said that the BOI had attached importance to investments which are useful and add value to the local products.
The number of applications for BOI privileges and amounts of investments are of secondary importance, she added.
For the whole year last year 2014, 3,469 investment projects worth 2.1 trillion baht applied for promotional privileges from the BoI which she described as the highest in term of investment value in 50 years.
The number of projects seeking promotional privileges and their value for last year represent an increase of 73 percent and 117 percent respectively compared to a year earlier.
Mrs Hirunya attributed the high number of projects to investors’ desire to invest in Thailand.
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.
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.
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.(more…)
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