The Airport Authority of Thailand (AoT) on Wednesday approved additional measures at Bangkok's two airports for airlines and entrepreneurs impacted by the recent political chaos.
AoT chairman and Independent Director Piyapan Champasut said the measures will apply to Suvarnabhumi and Don Mueang airports.
For all airlines and flights, take off and landing fees will be offered at a 15 per cent reduction, and aircraft fees will be for 50 per cent for nine months, effective during April-December this year.
Also, the payment period due for July to December 2010 is extended for another four months for the charges of take off and landing, aircraft, rental space and benefits.
Thailand should take the opportunity during the next few years to strengthen its productivity and competitiveness so that when demand resumes, Thailand will be in a position to jump the band wagon of global recovery.
To do so requires serious efforts of all stakeholders in Thailand including the government, private sector, and academia. As these improvements take time, for Thailand to achieve them in time for the projected global recovery, the efforts must start right away. In order to ensure Thailand’s competitiveness in the near future, Thailand needs to improve its productivity and investment climate. Experience from countries that have managed to increase productivity and rise up the value chain such as South Korea and Taiwan have shown that productivity improvements at the national level are achievable with a concerted efforts by the private sector, government, and academia.
Firms need to raise their productivity and adaptability to the rapidly changing macroeconomic environment and intensifying competition through greater product and service development, higher efficiency, and better risk management. Government in Thailand should take measures to improve the country’s investment climate such as streamlining the regulatory environment and improving public infrastructure which will help stimulate private investments as they help to reduce operating costs for firms.
At the heart of productivity improvement is the quality of the country’s human resource. Examples from Korea, Taiwan, and Singapore above have shown that improving the skills and knowledge of their human resource has enabled them to move towards a knowledge economy, which has in turn raised and sustain their productivity and competitiveness. However, these were possible through the collaborative efforts of the government, private sector, and academic institutions
The environmental case for remote working
Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.
Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI
The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.
The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.(more…)
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