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BoI’s privileges projects highest in 50 years

In 2014 about 3,469 investment projects worth 2.1 trillion baht applied for promotional privileges from the BoI, the highest in term of investment value in 50 years.

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Over 2,000 investment projects worth 1.4 trillion baht applied for promotional privileges from the Board of Investment in last December alone, said Mrs Hirunya Sujinai, acting secretary-general of the BoI, on Monday.

For the whole year last year, she disclosed that altogether 3,469 investment projects worth 2.1 trillion baht applied for promotional privileges from the BoI which she described as the highest in term of investment value in 50 years.

The number of projects seeking promotional privileges and their value for last year represent an increase of 73 percent and 117 percent respectively compared to a year earlier.

Mrs Hirunya attributed the high number of projects to investors’ desire to invest in Thailand.

Since the beginning of this year the new BOI investment policy has come into effect. The new policy does no longer support activities that have low added value, are labor intensive, involve low technology and/or uncomplicated production processes. But, it does promote some interesting new activities. 

Also, very importantly, the BOI is continuing its promotion of productivity improvement investments for BOI promoted companies but also for non-BOI promoted companies.

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Tourism

More COVID-19 restrictions are relaxed in Thailand from 16 October 2021

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Bangkok, 16 October, 2021 – The Tourism Authority of Thailand (TAT) would like to provide an update that more COVID-19 restrictions in the dark-red zone provinces have been relaxed while additional businesses and activities have been allowed to resume operations from today (16 October, 2021).

  • Restaurants and eateries, cinemas, theatres, shopping malls, sport stadiums, and public parks are now allowed to resume normal opening hours, but must close no later than 22.00 Hrs.
  • Convenience stores, fresh markets, and flea markets are now allowed to open for all types of goods with the opening hours extended for one hour longer or until 22.00 Hrs. All 24-hour shops must close nightly from 22.00-03.00 Hrs.
  • Day-care centres for elderly people are now allowed to resume operations.
  • Hotels, exhibition halls, convention halls, trade fair centres, or similar types of venues are now allowed to open for meetings, seminars, or other types of events and ceremonies up until 22.00 Hrs.
  • Shopping malls, shopping centres, community malls, or similar establishments can also open for meetings, seminars, or other types of events and ceremonies up until 22.00 Hrs., but must not hold any sales promotional activities and continue to close the amusement parks, water parks, and gaming centres.
  • Public parks, sports stadiums, gyms, fitness centres, and all types of venues for exercise can resume normal opening hours, but no later than 22.00 Hrs.

Meanwhile, gaming centres in shopping malls, shopping centres, community malls, or similar establishments that are not located in the dark-red zone province can now resume operations.

Curfew, Interprovincial Travel & Gatherings of people

To be in effect until 31 October, 2021, the night-time curfew in the dark-red zone provinces has been reduced from 6 to 4 hours, or between 23.00-03.00 Hrs.

Public and private organisations as well as people are still prohibited to organise any activities prone to the spread of disease, but the number of attendees has been increased for each zone. Dark-red zone: No gatherings of more than 50 people (from previously 25 people). Red zone: No gatherings of more than 100 people (from previously 50 people). Orange zone: No gatherings of more than 200 people (from previously 100 people).

Travel between dark-red zone provinces and other areas can resume normal operations but must apply social distancing measures.

Entertainment venues

All types of entertainment venues, including pubs, bars, and karaoke shops are to remain closed. However, the government mentioned that these businesses may undertake preparation to be ready for reopening.

Self-protective measures and distancing efforts

As usual, people nationwide are asked to continue abiding by the health and safety measures in place; such as, wearing a face mask at all times while outside of their residence, regularly washing hands with soap and water/cleaning alcohol, and avoiding unnecessary close contact with others.

TAT would like to remind all travellers to continue with D-M-H-T-T-A precautions to prevent the spread of COVID-19: D – Distancing, M – Mask wearing, H – Handwashing, T – Temperature check, T – Testing for COVID-19, and A – alert application.

Thailand’s colour-coding system for COVID-19 control are in place for the following provinces:

23 (down from 29) Maximum and Strict Controlled Areas or dark-red zone provinces

Central Region: Bangkok and 22 other provinces: Ayutthaya, Kanchanaburi, Nakhon Nayok, Nakhon Pathom, Nonthaburi, Pathum Thani, Ratchaburi, Samut Prakan, Samut Sakhon, Samut Songkhram, and Saraburi; Eastern Region: Chachoengsao, Chanthaburi, Chon Buri, Prachin Buri, and Rayong; Northern Region: Tak, and Southern Region: Nakhon Si Thammarat, Narathiwat, Pattani, Songkhla, and Yala.

Chanthaburi and Nakhon Si Thammarat have been moved up from red to the dark-red zone.

30 (down from 37) Strict Controlled Areas or red zone provinces

Central Region: Ang Thong, Chai Nat, Lop Buri, Phetchaburi, Prachuap Khiri Khan, Sing Buri, and Suphan Buri; Eastern Region: Sa Kaeo and Trat; Northern Region: Chiang Mai, Chiang Rai, Nakhon Sawan, Phichit, Phitsanulok, and Phetchabun; Northeastern Region: Chaiyaphum, Kalasin, Khon Kaen, Maha Sarakham, Nakhon Ratchasima, Si Sa Ket, Surin, Ubon Ratchathani, and Udon Thani, and Southern Region: Chumphon, Phatthalung, Ranong, Satun, Surat Thani, and Trang.

Ang Thong, Lop Buri, Nakhon Ratchasima, Phetchaburi, Prachuap Khiri Khan, Sing Buri, and Suphan Buri have been moved down from the dark-red to red zone, while Surat Thani has been moved up from the orange zone.

24 (up from 11) Controlled Areas or orange zone provinces

Northern Region: Kamphaeng Phet, Lampang, Lamphun, Mae Hong Son, Nan, Phayao, and Phrae, Sukhothai, Uthai Thani, and Uttaradit; Northeastern Region: Amnat Charoen, Bueng Kan, Buri Ram, Loei, Mukdahan, Nakhon Phanom, Nong Bua Lam Phu, Nong Khai, Roi Et, Sakon Nakhon, and Yasothon, and Southern Region: Krabi, Phang-Nga, and Phuket.

Amnat Charoen, Buri Ram, Kamphaeng Phet, Lampang, Lamphun, Loei, Nong Bua Lam Phu, Nong Khai, Roi Et, Sakon Nakhon, Sukhothai, Uthai Thani, Uttaradit, and Yasothon have been moved down from red to orange zone.

The post More COVID-19 restrictions are relaxed in Thailand from 16 October 2021 appeared first on TAT Newsroom.

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Business

China’s economy stumbles on power crunch

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BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers to do more to prop up the faltering recovery.

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