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Privileges to keep drawing companies – BoI

 


June 3, 2008

THAILAND/INVESTMENT
Privileges to keep drawing companies – BoI

Thailand's Board of Investment (BoI) granted promotional privileges to firms with combined investments of Bt160 billion during the first four months of 2008, BoI Secretary-General Sathit Chanchaokul said Monday.

Sathit said that total investments between January-April rose 10 percent from the corresponding period of 2007.

Thailand Hotel
Expressing optimism regarding investment in Thailand in 2008, Mr. Sathit said he believed investment values from companies seeking promotional privileges this year would reach the earlier announced target of 600 billion baht.

To spur private investment in Thailand, the BoI will speedily process firms seeking privileges and having total investment of not over 40 million baht each within 15 working days.

Software companies can apply for promotional privileges at the board itself or at the Software Industry Promotion Agency with investment not exceeding 40 million baht, being environmentally-friendly, using new equipment and generating projected value-added revenues of at least 20 percent.


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