ID :
137476
Fri, 08/13/2010 - 19:51
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Shortlink :
http://m.oananews.org//node/137476
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Board of Investment promotes investment in southern border provinces
BANGKOK, Aug 13 – Thailand's Board of Investment (BOI ) is offering incentives including an eight-year tax exemption to attract investors to invest in three southern border provinces.
BOI investment adviser Hiranya Sujinai said that the agency has a policy to promote investment in Yala, Pattani and Narathiwat to regain confidence from investors and stimulate other investment in other businesses to those areas.
Business operators are offered the highest privileges with exemption of unlimited amount of corporate income tax for eight years, followed by a 50 per cent corporate income tax reduction for a further five years.
Transportation costs and utility bills can be also submitted for tax reductions.
The BOI committee has approved an investment project in Yala’s Betong district for a Malaysian businessman for a 100-room hotel, which is due to start operation at the end of 2011. The three star hotel is valued at Bt74 million and is intended to serve tourists and businessmen from Malaysia and Singapore as it is located only five kilometers away from Thai-Malaysian border.
Despite the insurgency, tourists and businessmen still come to Thailand,travelling by plane to Malaysia and crossing border to Thailand’s Yala.
Hotel and hospitality sector businesses to promote Thai tourism are in line with the government’s policy to boost investment. The BOI said it gave privileges to 70 hotel investment projects worth Bt67 billion in the past ten years, creating more than 15,000 jobs. (MCOT online news)
BOI investment adviser Hiranya Sujinai said that the agency has a policy to promote investment in Yala, Pattani and Narathiwat to regain confidence from investors and stimulate other investment in other businesses to those areas.
Business operators are offered the highest privileges with exemption of unlimited amount of corporate income tax for eight years, followed by a 50 per cent corporate income tax reduction for a further five years.
Transportation costs and utility bills can be also submitted for tax reductions.
The BOI committee has approved an investment project in Yala’s Betong district for a Malaysian businessman for a 100-room hotel, which is due to start operation at the end of 2011. The three star hotel is valued at Bt74 million and is intended to serve tourists and businessmen from Malaysia and Singapore as it is located only five kilometers away from Thai-Malaysian border.
Despite the insurgency, tourists and businessmen still come to Thailand,travelling by plane to Malaysia and crossing border to Thailand’s Yala.
Hotel and hospitality sector businesses to promote Thai tourism are in line with the government’s policy to boost investment. The BOI said it gave privileges to 70 hotel investment projects worth Bt67 billion in the past ten years, creating more than 15,000 jobs. (MCOT online news)
