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)
Asian cities most threatened by environmental risk
According to the first instalment of Cities@Risk series, which ranks the world’s 576 largest urban centres on their exposure to a range of environmental and climate-related threats, 99 of the world’s 100 riskiest cities are in Asia, including 37 in China and 43 in India.
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.
The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.(more…)
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