Investment
Thailand’s Foreign investment applications surge despite crisis aftermath
The Board of Investment (BoI) has reported a 31.7% increase in foreign investment applications in the first four months of 2010, worth 53 billion THB in total.
BoI Secretary-General, Dr Atchaka Sibunruang, stated that the foreign direct investment (FDI) from January to April this year indicated foreigners’ firm interest in investing in Thailand. She elaborated that 245 foreign projects had filed their investment promotion applications, increasing by 31.7% year-on-year.
Dr Atchaka pointed out that the accumulated investment value of the FDI projects in the first four months grew 146% to 53.30 billion THB from 21.67 billion THB of the same period last year. Of the 245 projects, 130 are new ones with a value of 24.51 billion THB while the other 115 are expansion projects worth 28.78 billion THB.
New One Start One Stop Investment Center provides comprehensive services offered to investors at one location.The Board of Investment (BoI) has reported a 31.7% increase in foreign investment applications in the first four months of 2010, worth 53 billion THB in total.
The highest number of foreign investors submitting their applications is in the metal product, machinery and transport equipment businesses with 67 projects worth 16.91 billion THB, followed by the service and utility businesses with 57 projects worth 12.69 billion THB, and the electronic and electrical appliance businesses with 49 projects worth 8.4 billion THB.
The Japanese investors handed in the most investment applications with a total of 99 projects worth 25.61 billion THB, increasing by 152% from last year. The Singaporeans came in second with 25 projects worth 6.89 billion THB, followed by the Chinese with 9 projects valued at 6.44 billion THB.
via BoI: Foreign investment applications surge : National News Bureau of Thailand.
“These are solid trends that bode well for the success of the government’s second economic stimulus package, which includes investment in various mega infrastructure projects as well as aims to position Thailand as the connectivity hub for ASEAN. The BOI is moving confidently and quickly to invigorate the investment climate to fuel overall economic expansion,”
said Dr. Sibunruang.
The BOI is also looking into providing short-term assistance and working closely with investors to listen to their needs and concerns. Dr Sibunruang has reaffirmed the BOI’s commitment to maintaining supportive investment policies and assisting investors in doing and expanding business in Thailand. To further enhance Thailand’s competitiveness, the BOI will introduce a series of new policy measures aimed at promoting investment for sustainable development and emphasizing Thailand’s core strengths.
“Earlier this year, we have launched a set of measures targeted at promoting investment in key future-growth sectors such as energy conservation and alternative energy, eco-friendly materials and products, and high technologies. Additional incentives are also being offered to encourage companies to invest in energy conservation and environmental protection. New measures will soon be introduced to attract investment in health care, creative industries, human resource development, science and technology. BOI believes that our quick response and measures to energize the investment climate will help achieve continued positive results,”
added the BOI Secretary General.
Asean
Business and Tax Incentives for Foreign Investors in Singapore
With one of the world’s most business-friendly tax regimes, Singapore has emerged as a major financial and economic hub in Asia. Investors are also drawn by the efficient and cost-effective process to incorporate a company and the country’s transparent legal system.
With one of the world’s most business-friendly tax regimes, Singapore has emerged as a major financial and economic hub in Asia. Investors are also drawn by the efficient and cost-effective process to incorporate a company and the country’s transparent legal system.
(more…)Investment
Thailand Issues New Incentives to Attract Wealthy global citizens and Retirees
Thailand’s cabinet passed a resolution on September 14, 2021, introducing immigration, tax, and land ownership incentives aimed at foreign investors and skilled professionals. The incentives are part of an effort to stimulate Thailand’s economy which has been badly impacted by the COVID-19 pandemic.
Foreign investors, professionals, and retirees will be able to enjoy a number of new incentives in Thailand, as the government seeks to attract high-earning overseas residents to help the country’s COVID-19 recovery.
(more…)
True and Dtac Merger Talks Highlight Necessity of Scale at Thai Telcos
The merger between True Corporation, a subsidiary of conglomerate Charoen Pokphand Group, and Total Access Communication (Dtac), a subsidiary of...
Vietnam’s Tay Ninh Province: Promising for Investors in the Greater Mekong Subregion
The SKER is one of four key economic regions which cover most economic and investment hubs in the country. The...
Pakorn Peetathawatchai, President, The Stock Exchange of Thailand (SET)
What measures has SET taken to support listed companies’ compliance with ESG standards?PAKORN PEETATHAWATCHAI: PAKORN: When we first began promoting...
Quarantine Exemption for Vaccinated Travelers in Thailand: What You Need to Know
Fully vaccinated travelers from 63 “low-risk” countries and regions can now enter Thailand without any quarantine requirements.
Thailand eases entry rules from 16 December 2021
What’s New: In addition to arrival by air, travellers will be allowed to enter by land (at Nong Khai’s border...
