Thailand to revamp incentive policy

Board-of-Investment-ThaiThailand’s Board of Investment has said it will enforce a new investment regime by the beginning of 2015, giving more than 19 months for investors to adjust their investment plans to comply with the upcoming preference criteria.

Investment applications submitted from now to the end of 2014 are subject to incentives under the current zone-based investment policies. The drafting process for the new criteria will be completed in December 2013 with a prospect of implementing it starting with 2015. One goal is to enhance transparency in investment and development processes, the Board of Investment said.

The current investment incentive policy covers all industrial sectors in various zones throughout the country, while the new strategy focuses on 10 targeted sectors including aviation, food processing, hospitality and wellness, infrastructure, logistics, and renewable energy, he said.

New regional clusters will also be created, aimed at enhancing the development of industrial zones, and industries producing non-value-added products and having dreadful environmental records will be gradually reduced.

Despite the 2011 flood crisis, data shows that Thailand remains an attractive location for foreign investment, generating total investment of $18 billion for 747 projects in the first four months of 2013. Investment value surged by 80 per cent and the number of projects by 26 per cent.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

Thailand's Board of Investment has said it will enforce a new investment regime by the beginning of 2015, giving more than 19 months for investors to adjust their investment plans to comply with the upcoming preference criteria. Investment applications submitted from now to the end of 2014 are subject to incentives under the current zone-based investment policies. The drafting process for the new criteria will be completed in December 2013 with a prospect of implementing it starting with 2015. One goal is to enhance transparency in investment and development processes, the Board of Investment said. The current investment incentive policy...

Board-of-Investment-ThaiThailand’s Board of Investment has said it will enforce a new investment regime by the beginning of 2015, giving more than 19 months for investors to adjust their investment plans to comply with the upcoming preference criteria.

Investment applications submitted from now to the end of 2014 are subject to incentives under the current zone-based investment policies. The drafting process for the new criteria will be completed in December 2013 with a prospect of implementing it starting with 2015. One goal is to enhance transparency in investment and development processes, the Board of Investment said.

The current investment incentive policy covers all industrial sectors in various zones throughout the country, while the new strategy focuses on 10 targeted sectors including aviation, food processing, hospitality and wellness, infrastructure, logistics, and renewable energy, he said.

New regional clusters will also be created, aimed at enhancing the development of industrial zones, and industries producing non-value-added products and having dreadful environmental records will be gradually reduced.

Despite the 2011 flood crisis, data shows that Thailand remains an attractive location for foreign investment, generating total investment of $18 billion for 747 projects in the first four months of 2013. Investment value surged by 80 per cent and the number of projects by 26 per cent.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply