More than 1,500 investment projects worth over Bt700 billion applied for incentives from the Board of Investment (BoI) last year, according to Secretary-General Atchaka Sibunruang.
The applications indicated that local and foreign investors remain confident in Thailand despite the ongoing problem of the suspension of 65 Map Ta Phut industrial projects, she said.
The large number of requests for BoI privileges at the end of 2009 was caused by the government’s stimulus measures to give privileges to businesses in six industries valid in 2009, she added.
Due to more investment at the year end, the value of investment in 2009 was 80 per cent higher than earlier the BoI earlier targeted.
Service and healthcare industries sought BOI privileges in the largest numbers, she said, with 709 projects valued at Bt430.8 billion. Most projects are investments in alternative energy such as wind and solar energy, and a natural gas power plant, followed by electronics and electric appliances industries with 219 projects worth more than Bt100.9 billion.
The agricultural industry ranked third with 212 projects worth Bt66.8 billion. Most projects are related to alternative energy fuels processed from agri-industrial plants such as biodiesel and ethanol.
In 2009, 106 projects were capitalised at over one billion baht, worth Bt460.3 billion altogether, according to the BoI.
Most projects seeking BoI privileges are medium-sized, with capital between Bt20-200 million.
The investment value of all 689 medium-sized projects is Bt52.6 billion.
Thailand BOI Approves Measures to Promote Industry 4.0 Transformation
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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.(more…)
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
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.(more…)
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