FTI says contagion an opportunity to push EEC

The government should take advantage of the coronavirus crisis to attract investment in the Eastern Economic Corridor (EEC) and make Thailand a standout among neighbouring countries as the most preferable investment destination, says the Federation of Thai Industries (FTI).“Thailand needs to start stimulating investment now, ...

Lamonphet Apisitniran

Bt1.6-billion FDI got the nod in June

The committee overseeing foreigners’ investment under the Foreign Business Act permitted 22 foreigners to invest in Thailand in June, according to the Department of Business Development’s director-general, Vuttikrai Leewiraphan.Most of them are from Japan, Singapore and China with total foreign direct investment (FDI) of Bt1.587 ...

The Nation Reporter

Investment in EEC drops more than 18%

The number of firms registering in the Eastern Economic Corridor (EEC) from January-May this year dropped 13.35 per cent year on year to 2,731, Department of Business Development director general Vuttikrai Leewiraphan announced today.Their total registered capital was Bt6.790 billion, down 18.32 per cent year ...

The Nation Reporter

BoI, state banks extend helping hand to firms hit hard by Covid-19

The Board of Investment (BoI) will join hands with two state-backed banks to help entrepreneurs affected by the Covid-19 outbreak, BoI secretary-general Duangjai Asawachintachit has said.“BoI will work with Small and Medium Enterprise Development Bank of Thailand [SME D Bank] and Export-Import Bank of Thailand ...

The Nation Reporter

Trillion-baht public-private investment projects planned

Thailand plans public-private partnership (PPP) projects worth 1.09 trillion baht during 2020-2027, the finance ministry said on Wednesday, as the government tries to revive the struggling economy amid the coronavirus pandemic.The 92-project plan includes 18 high-priority infrastructure projects worth 472 billion baht, Prapas Kong-Ied, head ...

Investment misses public target levels

A meagre 25 billion baht in investment budget was doled out in the first three months of fiscal 2020, as the months-delayed 3.2-trillion-baht budget bill has yet to be enforced, says a source at the Finance Ministry who requested anonymity.The disbursed budget accounted for 4.4% ...

Wichit Chantanusornsiri

Cabinet OKs measures to stimulate investment

Fresh incentives meant to spur private investment of 110 billion baht and add 0.25 percentage points to economic growth sailed through the cabinet on Tuesday.The measures include a corporate income tax deduction of 2.5 times expenditure on machinery, a one-year tax exemption for importing new ...

Bangkok Post Reporter

Industry Ministry upbeat on EEC investment

The Industry Ministry forecasts investment flows in the Eastern Economic Corridor (EEC) to begin from 2020, largely into the 12 targeted industries after the government begins to develop five megaprojects in the corridor.There is some progress on the Map Ta Phut seaport, high-speed railway linking ...

Lamonphet Apisitniran

Trade war bolsters Chinese interest in Thailand

More Chinese manufacturers are looking to Thailand as a production base to avoid US tariffs, based on trends in demand for industrial estates.WHA Corp, the top Thai provider of such estates, said it expects Chinese companies to account for as much as half of its ...

Cabinet approves steps towards "ease of doing business"

Among the key measures included in “Thailand Plus Package”, a new package drawn up to attract foreign investment, is the easing of procedure for foreign investors in applying for visa and work permit.Keep reading ...

The Nation Reporter

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