Thailand pushes for investments as baht strengthens

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Thailand pushes for investments as baht strengthens
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BANGKOK (The Nation/ANN): Deputy Prime Minister Somkid Jatusripitak on Monday (Jan 13) instructed the Board of Investment (BOI) to work with the Finance Ministry on measures aimed at encouraging businesses to accelerate their investments in the next six months, taking advantage of the strong baht

He added that the measures should focus on drawing investors to take advantage of the strong baht in the imports of machinery and capital goods as it will help stem rise of the Thai currency.

Kobsak Pootrakool, deputy secretary-general to the prime minister for political affairs, said the BOI would convene a meeting with the Finance ministry's departments in charge of export-import and tax collection this week to discuss relevant measures. BOI secretary-general Duangjai Asawachintachit said last year was the first year Chinese investors led the value of the projects applying for BOI tax privileges.

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