Thailand plans 'relocation package' to draw foreign investment amid trade war

BANGKOK - Thailand is planning a"relocation package" to attract foreign companies which are looking to move factories because of global trade tensions, officials said on Thursday , as the government tries to boost a slowing economy.

The package - to be discussed by economic ministers on Aug 30 - will target investors from China, Japan, South Korea, Taiwan and the United States, Deputy Prime Minister Somkid Jatusripitak told a news briefing. The investment promotion agency is aiming to attract 100 companies, mostly Chinese firms, to invest in Thailand, said Ms Duangjai Asawachintachit, head of the Board of Investment .

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Taiwan M&A activity hits 15-year low as US-China trade war rocks business climateMerger and acquisition activity in Taiwan has hit a 15-year low as the US-China trade war and global recession fears have spooked investors who fear the business climate is deteriorating.According to data by Dealogic, the number of M&A; deals so far this year dropped 42 per cent from the same period
Source: YahooSG - 🏆 3. / 71 Read more »