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.
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)
Thailand rolls out new package to attract foreign investors
Thailand endorsed a package of measures, called ‘Thailand Plus’ which aimed at attracting more foreign investment, especially to expedite investments from companies seeking to relocate as a result of the ongoing trade war
Thailand’s economic ministers meeting on Sept. 6, 2019 endorsed a package of measures, called ‘Thailand Plus’ which aimed at attracting more foreign investment, especially to expedite investments from companies seeking to relocate as a result of the ongoing trade war, Kobsak Pootrakool, Deputy Secretary-General to the Prime Minister, said after the meeting.(more…)
More manufacturers to relocate from China to Southeast Asia
JLL anticipates the trend to accelerate as the China-US tariff war are driving more companies in China to relocate their operations to other countries to avoid US tariffs and maintain their competitiveness.
Bangkok, 11 July 2019 – More manufacturers have relocated from China to Southeast Asia over the past few years largely because The Red Dragon’s labor costs have become less and less competitive. This trend has been reinforced by the China-US trade war that began in 2018.(more…)
SET up 6.8% at end of June, highest performer in Asia
The Set is up 10.6 per cent from the end of 2018 to 1,730.34 points and SCB Securities thinks the Thai stock market may now rise to 1,750 points.
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