News Formal

Thailand extends investment incentives, eyeing US$15 billion in 2022

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

BANGKOK : Thailand on Monday extended an investment incentive scheme to try and bolster the country's economic recovery from the COVID-19 pandemic and said it expects more than 500 billion baht (US$15 billion) of investment pledges next year. That forecast is similar to around 600 billion baht in both dom

BANGKOK : Thailand on Monday extended an investment incentive scheme to try and bolster the country's economic recovery from the COVID-19 pandemic and said it expects more than 500 billion baht of investment pledges next year.

That forecast is similar to around 600 billion baht in both domestic and foreign investment applications lodged this year, an increase on the 481 billion baht seen the year previous, Thailand's Board of Investment said. The agency's head Duangjai Asawachintachit said the ongoing uncertainty of the pandemic necessitated a one-year extension of a scheme that includes tax exemptions for large-scale investment projects.

"We are seeing an improvement in the overall business sentiment, but the ongoing uncertainties related to new variants of COVID-19 require continuous incentives to support investment," Duangjai said. The BOI also approved a one-year extension of incentives for investments in a special economic zone in the east of the country, a centrepiece of government efforts to nurture high-tech industries.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

SenseTime relaunches US$767 million Hong Kong IPO after US investment banHONG KONG : Chinese artificial intelligence start-up SenseTime Group relaunched its US$767 million Hong Kong IPO on Monday, a week after pulling the listing in the wake of the company's inclusion on a U.S. investment blacklist. SenseTime retained its target of selling 1.5 billion shares for between HKUS$3
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China cuts lending benchmark, market sees more easing in 2022SHANGHAI : China cut its lending benchmark loan prime rate (LPR) for the first time in 20 months on Monday, in a bid to prop up growth in the slowing economy, although it remains wary of loosening conditions in the country's highly leveraged property market.The one-year LPR was lowered by 5 basis points t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »