The Board of Investment (BoI) approved incentives yesterday to encourage entrepreneurs to accelerate upgrading their production and machinery to “Industry 4.0” standards. Speaking after a BoI meeting chaired yesterday by the prime minister, BoI secretary-general Duangjai Asawachintachit said the incentives approved include a three-year corporate income tax exemption covering 100% of investment for Industry 4.0 […]
Read MoreKoh Samui’s sandbox programme has received positive feedback after lifting the mandatory quarantine, with new bookings during the first 10 days of this month already exceeding its total numbers since opening on July 15. Ratchaporn Poolsawadee, president of the Tourism Association of Koh Samui, said momentum is expected to continue following the UK’s decision to remove […]
Read MoreThe Bank of Thailand (BOT) is testing three peer-to-peer (P2P) lending platforms under its regulatory sandbox and believes they should go into operation in the beginning of 2022. The central bank’s assistant governor Siritida Panomwon Na Ayudhya said the three companies being tested are DeepSparks Peer Lending, NestiFly, and Peer Power Platform. The evaluation process […]
Read MoreThe total value of FDI applications received by the BoI from January to September rose 220 per cent compared to the same period last year, to a total value of Bt372.06 billion from 587 projects, the latest data from the BoI shows. “Top three countries that have most investment value are Japan (Bt67.8 billion), the United […]
Read MoreThe Labour Ministry announced on Tuesday that more than 220,000 jobs have been created to help Thailand get ready for its reopening on November 1. Labour Minister Suchart Chomklin said the government’s plan to allow double-jabbed travellers from 10 low-risk countries to enter Thailand without having to quarantine will give tourism, service and entertainment industries […]
Read MoreThe baht opened at 33.70 to the US dollar on Tuesday, strengthening from Monday’s closing rate of 33.88. The Thai currency is likely to move between 33.60 and 33.80 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that investors should speculate on the upcoming bond auction. Foreign investors will invest in […]
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