ID :
154292
Wed, 12/22/2010 - 11:18
Auther :
Shortlink :
http://m.oananews.org//node/154292
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Thailand’s BOI foresees improved investment prospect in Thailand next year
BANGKOK, Dec 22(TNA) - The Board of Investment of Thailand (BOI) said it foresees better investment prospect in the country next year, thanks to the improving domestic political situation and relieving problems at the Map Ta Phut Industrial Estate in the eastern Rayong Province.
BOI Secretary General Atchaka Sibunruang on Wednesday (Dec 22) confirmed the country's improved investment sentiment next year at a seminar on Thailand's investment prospect and the new dimension of the Thai economy in 2011, saying that expanding projects in major manufacturing, namely iron, petrochemical, automobile and parts, electronic, electrical and farm products, as well as tourism and healthcare services will become the backdrop of the promising Thai investment outlook.
Ms Atchaka forecast that international projects seeking her agency's approval of investment privileges next year will be at least comparable with this year--at some 400 billion baht.
The BOI chief also projected that the Thai economy is likely to grow 4-5 per cent next year amid lingering risk factors caused by uncertain global economic conditions, particularly in such major markets as the United States, Europe and Japan, and impacts from the strong Thai baht and some new tax measures planned by the government.
The BOI chief, however, voiced her support for the government's plan to cut the corporate tax, saying that it will boost Thailand's competitiveness, and that BOI also plans to shift its focus on promoting high-technological projects, rather than traditional labour intensive projects to upgrade the Kingdom's industrial sector. (TNA)
BOI Secretary General Atchaka Sibunruang on Wednesday (Dec 22) confirmed the country's improved investment sentiment next year at a seminar on Thailand's investment prospect and the new dimension of the Thai economy in 2011, saying that expanding projects in major manufacturing, namely iron, petrochemical, automobile and parts, electronic, electrical and farm products, as well as tourism and healthcare services will become the backdrop of the promising Thai investment outlook.
Ms Atchaka forecast that international projects seeking her agency's approval of investment privileges next year will be at least comparable with this year--at some 400 billion baht.
The BOI chief also projected that the Thai economy is likely to grow 4-5 per cent next year amid lingering risk factors caused by uncertain global economic conditions, particularly in such major markets as the United States, Europe and Japan, and impacts from the strong Thai baht and some new tax measures planned by the government.
The BOI chief, however, voiced her support for the government's plan to cut the corporate tax, saying that it will boost Thailand's competitiveness, and that BOI also plans to shift its focus on promoting high-technological projects, rather than traditional labour intensive projects to upgrade the Kingdom's industrial sector. (TNA)
