The Thailand Board of Investment (BOI) has set an investment application target of 720,000 million baht for 2018 after closing the year 2017 with a total investment application value of 641,978 million – 22 per cent increase from 2016, according to Ms. Duangjai Asawachintachit, BOI’s Secretary General.
The new target number was announced after a meeting with Deputy Prime Minister Dr. Somkid Jatusripitak, who shared the government’s investment promotion policy with BOI’s executives. “We want BOI to continue to give more weight to agriculture, food, digital, logistics, education, tourism, and services industries in 2018 because they are vital to economic growth,” Deputy Prime Minister said. “This will cover all value chains related to agricultural activities and tourism services.”
Sounding a similar note, Dr. Kobsak Pootrakul, Minister Attached to the Office of Prime Minister, explained that last year the government completed several tasks aimed at facilitating increased investments, including the amendment of major laws. Infrastructural foundations were also laid out to support EEC, which is designed to be the future economic hub of the region. Investment incentives were revised to become more attractive in response to the global economic recovery trend that began late last year.
Looking ahead into 2018, Mr. Pootrakul said that markets in the United States and Europe were likely to become more active this year. He noted that the Prime Minister’s visit to the US late last year helped strengthen the relations between the two countries and generated new opportunities for bilateral investments and trade.
In line with such recommendations, BOI plans to organize international roadshows to targeted countries and territories such as Japan, China, Hong Kong, South Korea and Europe with the aim of familiarizing investors in those markets with the government’s investment policy.
Governments most exposed to coronavirus have strong fiscal and external buffers
Moody’s baseline assumption is that the economic effects of the outbreak will continue for a number of weeks, after which they will tail off and normal economic activity will resume.
As measures to contain the coronavirus and fear of contagion hit consumption and production, downside risks to our GDP growth forecast for China (A1 stable) have increased., says Moody’s Research Announcement.(more…)
Bank cuts Thai 2020 GDP growth outlook to 2.7%
SCB’s Economic Intelligence Center (EIC) has released its latest growth forecast, at 2.7 percent, showing a slow recovery from just 2.5 percent economic growth in 2019
SCB’s Economic Intelligence Center (EIC) has released its latest forecast, indicating that the Thai economy at the end of 2020 will have grown by 2.7 percent, showing a s recovery from just 2.5 percent economic growth in 2019, thanks to a better performing export sector and improved global economy.(more…)
BOI steps up investment promotion measures in the EEC
The measures will be in effect from January 2, 2020, to December 2021. Applicants can sign up for the new privileges, with no deadline set for registration.
What is Forex Trading and how it works?
Why do the investors choose Forex trading? Forex trading is traded by currency pairs. This is because all currency trading...
APRIL International Care opens up TeleHEALTH service to address Coronavirus worries
The TeleHEALTH service means policyholders do not have to leave their home or workplace to “see” a doctor, with a...
Thailand rolls out New Investment Measures to Boost Economy
The new definition of qualified applicants now includes businesses that have not previously received BOI promotion privileges as long as...
Subscribe via Email
- Banking2 days ago
Thailand’s Banking Outlook changed to negative (Moody’s)
- Economics5 days ago
Thai Cabinet approves Measures to Ease Economic Impact of COVID-19
- Economics4 days ago
EAP Countries Brace for Economic Shock of COVID-19
- Asean5 days ago
Assessing the economic impacts of COVID-19 on ASEAN countries