Economy and commerce
Investment
Value of business investment applications falls 15% this year
The total value of business investment applications fell 15 per cent in the first three quarters of 2020 despite a slight rise in the number of firms applying, the Board of Investment (BOI) said on Wednesday.Foreign and local applications from January-September rose to 1,098, as ...
The Nation Reporter
Foreign investment pledges fall 29% y/y Jan-Sept
Foreign investment applications in Thailand amounted to 118.5 billion baht in January-September, down 29% from a year earlier, as investors were deterred by the coronavirus pandemic, an investment agency said on Wednesday.Foreign investors remain interested in the country, despite months of political protests.Keep reading ...
Finance Ministry prepares tax adjustments to lure FDI
The Finance Ministry is preparing to adjust the tax structure to incentivise foreign investors in preparation for a full reopening of the economy.One of the planned measures to stimulate the economy is adjusting the tax structure as a short-term boost for individuals and the private ...
Wichit Chantanusornsiri
Thailand warms to China's ventures
The Chinese government is ready to enable an expansion of investments in Thailand and connect its Guangdong-Hong Kong-Macau Greater Bay Area (GBA) with the Thai government’s flagship Eastern Economic Corridor (EEC), Chinese Foreign Minister Wang Yi pledged on Thursday.Keep reading ...
Mongkol Bangprapa
Poll suggests need for better strategy
Thailand is being urged to fine-tune its development strategy and rejig incentives to focus on promoting the nation as a production hub for health products like rubber gloves, supplements and medical devices in the wake of the coronavirus crisis.Aat Pisanwanich, director of the Center for ...
Phusadee Arunmas
Thai embassies in 30 nations urged to woo investors for EEC
The Eastern Economic Corridor (EEC) Office of Thailand has recently called on Thai embassies in 30 countries to approach foreign firms to invest in the EEC, the office’s secretary-general Kanit Sangsubhan said.He said the EEC’s main targets are firms in technology, logistics, medical and health ...
The Nation Reporter
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