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Federation of Thai Industries (FTI): Map Ta Phut Impasse cost up to B100bn

The court ruling to uphold the order suspending 65 new industrial investment projects at Map Ta Phut industrial estate had destroyed the confidence of foreign investors and caused investment damage of 90 to 100 billion baht, vice chairman of the Federation of Thai Industries (FTI) Thanit Sorat said on Thursday.

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The court ruling to uphold the order suspending 65 new industrial investment projects at Map Ta Phut industrial estate had destroyed the confidence of foreign investors and caused investment damage of 90 to 100 billion baht, vice chairman of the Federation of Thai Industries (FTI) Thanit Sorat said on Thursday.

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FTI: Impasse cost up to B100bn

Infrastructure services, if quickly improved, could promote a better investment climate in Thailand. Logistic costs, for example, are reported by firms to be higher for them in 2007 compared to 2004. This is particularly true for industries that are located in regions other than Bangkok and vicinity or the East where the major markets and ports are located. They include the food processing and furniture industries. A partial explanation for the higher logistic cost was the sharp rise in diesel prices from 2004 to 2007. However, another important explanation is the increased congestion of roads and ports which added to the transport time and costs.

An industrial plant in Map Ta Phut

An industrial plant in Map Ta Phut

The quality of public utility services (electricity, water, and telephone) have also declined from 2004 to 2007 as the period of service interruptions have risen. This is a reflection of the inadequacy of infrastructure services as demand from businesses have increased rapidly over the years. These service interruptions are costly for firms and will hurt Thailand’s competitiveness as other countries in the region such as China and Vietnam are quickly improving them.

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Investment

Thailand BOI Approves Measures to Promote Industry 4.0 Transformation

The measures approved include a 3-year corporate income tax exemption covering 100% of the investment into the Industry 4.0 upgrade.

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The Thailand Board of Investment (BOI) at a meeting today approved incentives to encourage companies to speed up Industry 4.0 transformation, and reported that total investment applications for the nine months to September 30 amounted to 520.7 bil-lion baht (USD15 billion), already higher than for the whole of last year.

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Companies

Thailand BOI Approves Measures to Support Carbon Reduction

greenhouse gas emission as well as an enhanced scheme for electric vehicles and measures to mitigate Covid-19 impacts and support local vaccine development

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The Thailand Board of Investment (BOI) approved incentives to encourage companies to reduce greenhouse gas emission as well as an enhanced scheme for electric vehicles and measures to mitigate Covid-19 impacts and support local vaccine development, Ms Duangjai Asawachintachit, Secretary General of the BOI, announced today.

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