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BoI supports sustainable investment policy concept

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Board of Investment (BoI) Secretary-General Atchaka Sibunruang Brimble on Monday revealed the BoI meeting chaired by Prime Minister Abhisit Vejjajiva supported the “sustainable investment policy” concept, which it believed could contribute to the country’s sustainable economic, social and environmental development.

She said the BoI is assigned to discuss with relevant state agencies ways to study and prepare details of investment promotion measures, which could be used to encourage the sustainable development of the country in various dimensions.

BOI

(BoI) Secretary-General Atchaka Sibunruang Brimble

Investment projects to which investment promotions should be granted must help upgrade Thailand’s industrial sector into a higher technology-based one and enhance the country’s economic value.

The investment policy as applied during 2007-2008 must be revised to ensure investment promotion approval is given only to businesses that contribute sustainable investment and are environmentally friendly, she said.

New measures should be issued to encourage sustainable investment including human resources development, strengthening of science and technology, investment promotion for environmentally-friendly projects, and building of the industrial base by taking into account creativity and Thai value, and the development of Thailand into a “White Country” or a country where the export and import control procedure proceeds transparently, said the BoI chief. (TNA)

via MCOT English News : BoI supports ‘sustainable investment policy’ concept.

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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.

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