BOI applications expected at record $25Bn for 2012
Industry Minister Pongsvas Svasti said Friday that he was certain investment promotion applications would hit a record Bt800 billion, higher than this year’s target of Bt630 billion.
Industry Minister Pongsvas Svasti said Friday that he was certain investment promotion applications would hit a record Bt800 billion, higher than this year’s target of Bt630 billion.
His certainty came as a result of the fact that investment promotion applications in the first seven months were already valued at Bt570 billion, 61 per cent higher than the same period last year.
Mr Pongsvas said the reasons why there have been more applications this year were because investors believe in Thailand, while the government’s infrastructure construction with a several hundred billion baht budget helps drive the domestic economy.
Meanwhile, Thailand’s Board of Investment (BoI) secretary-general Atchaka Sibunruang said investors have continued applying for investment promotion at BoI.
Currently, BoI is adjusting a new policy for investment promotion. It will provide the highest benefit to provinces with low development levels and low income per capita. Twenty provinces are the target of this policy adjustment. Tax benefits will also be adjusted, Ms Atchaka noted. (MCOT online news)
via 2012 investment promotion applications expected to hit record Bt800 billion.
Banking
Thailand Raises Public Debt Ceiling from 60% to 70% of GDP
Thailand’s State Monetary and Fiscal Policy Committee has decided to raise the ceiling of the public debt-to-GDP ratio from 60% to 70%
Thailand’s State Monetary and Fiscal Policy Committee has decided to raise the ceiling of the public debt-to-GDP ratio from 60% to 70%, which will allow further public sector borrowing to rehabilitate the economy battered by COVID-19.
(more…)National
Thailand Approves Package to Attract Wealthy Foreigners and Professionals
Thailand’s Cabinet has approved an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals from overseas to help revive the post-COVID economy.
Thailand’s Cabinet has approved an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals from overseas to help revive the post-COVID economy.
(more…)
Thailand Raises Public Debt Ceiling from 60% to 70% of GDP
Thailand’s State Monetary and Fiscal Policy Committee has decided to raise the ceiling of the public debt-to-GDP ratio from 60%...
Thailand Approves Package to Attract Wealthy Foreigners and Professionals
Thailand’s Cabinet has approved an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals...
The Role of Telemedicine Today: During and Beyond the COVID-19
Lockdowns, quarantine periods, and hospitals fast filling to the brink needed the medical community to come up with solutions fast....
Malaysia, Thailand banks to join the ASEAN Banking Integration Framework
Banking institutions from Thailand and Malaysia are invited to join the ASEAN Banking Integration Framework and indicate their interest to...
Climate Change Could Force 49 Million People to Migrate in East Asia and the Pacific
Out-migration hotspots in agricultural areas of central Thailand and Myanmar coincide with areas expected to see declines in both water...