This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

New Direction On Thailand Investment Promotion Strategy

BANGKOK, April 3, 2013 /PRNewswire/ -- In response to changing global and regional economic situation, Thailand Board of Investment is revising its Investment Promotion Privileges and Strategies. The proposed BOI strategies will be focusing on restructuring Thai economy for sustainable development and to overcome the "Middle Income Trap" type of economic development. The new BOI strategy will aim to promote competitiveness development and value creation of the industrial sector and to promote green industry to create balanced and sustainable growth. The strategy will also promote new industrial cluster in different regions of Thailand to create new investment concentration and to promote Thai outbound investment to increase the competitiveness of Thai businesses.

(Logo: )

In the new strategy, BOI will grant investment promotion privileges by prioritizing on the importance of the proposed activities and providing additional incentives based on the merits of the project such as environmental protection standards, location of the factory in the industrial zone or estate, and research and development program. BOI will also abolish the current investment promotion based on zoning system and replace the current system with new regional clusters. Clear guidelines on key performance indicators, outcome of the project and cost-effectiveness of the investment will be used in evaluating the new applications rather than evaluation value of the investment.

Under this new investment promotion direction, the BOI has classified target industries into 10 categories for granting investment promotion which are: basic infrastructure and logistics; basic industry (i.e. steel, petrochemicals, pulp and paper, etc.); medical devices and scientific equipment; alternative energy and environmental services; services that support the industrial sector (i.e. research and development, human resources development, engineering design, software development, etc.); food and agricultural processing industries; hospitality and wellness; advance core technologies (i.e. biotechnology, nanotechnology, and others); and industries in which Thailand can be developed into global manufacturing base such as automotive and transportation equipment and electric and electrical appliances.  

The BOI planned to remove a number of activity from the current list of activities eligible for investment promotion privileges. These are the activities that have low technology, low value-added output, less complex production process, low linkage with other industry, and labor intensive production. Also included in the remove list are activities that have high energy consumption and create environmental problems, having concessions or monopoly activities under state protection, and activities that are in conflict with the laws and regulations.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,776.08 +303.71 1.84%
S&P 500 1,987.95 +36.59 1.88%
NASDAQ 4,782.3950 +74.62 1.58%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs