Thai Deputy Prime Minister Somkid Jatusripitak has urged the Board of Investment (BoI) to make tax incentives and investment packages more attractive to foreign agri-businesses to turn Thailand into an investment hub for CLMV (Cambodia, Laos, Myanmar and Vietnam) countries.
Thai Deputy Prime Minister Somkid Jatusripitak (Photo: )
Bangkok (VNA) – Thai Deputy Prime Minister SomkidJatusripitak has urged the Board of Investment (BoI) to make tax incentives andinvestment packages more attractive to foreign agri-businesses to turn Thailandinto an investment hub for CLMV (Cambodia, Laos, Myanmar and Vietnam)countries.
Somkid said the Thai government wants to draw more investors as the COVID-19 pandemicmay cause them to consider changing their production bases, he said.
Thailand also aims to stand out among Cambodia, Laos, Myanmar and Vietnam as aninvestment destination, he added.
New investment packages should be designed to promote the agriculture sector asthis will help local farmers deal with economic hardships under a state plan toboost the local economy following the COVID-19 period.
According to BoI secretary-general Duangjai Asawachintachit, officials arepreparing to propose a plan to revamp investment options to the BoI board forapproval.
The proposal will be tabled when the BoI board, chaired by Prime MinisterPrayut Chan-o-cha, meets on June 17, Duangjai said./.
Thailand is planning to reopen its borders to tourists from countries which have comparably low coronavirus infections as it is striving to revitalise the pandemic-hit tourism industry.
The Thai Ministry of Commerce has teamed up with the Ministry of Agriculture and Cooperatives to drive a marketing-led production strategy, aiming to upgrade Thailand into a hub of quality agricultural products and food.
Following the announcement of the Civil Aviation Authority of Thailand (CAAT) about re-opening Phuket International airport for domestic flight operation starting from June 13, Thai Vietjet is the first and only airline confirmed to resume operation of the route between Bangkok (Suvarnabhumi) and Phuket international airport to serve passengers demand from that date.
Around 1,000 foreign visitors are expected to be allowed to enter Thailand per day and the standard 14-day COVID-19 quarantine rule will be waived, according to an implementation plan to be submitted for approval of the country’s Centre for Covid-19 Situation Administration (CCSA).
Thailand has gone 21 straight days with no new COVID-19 cases recorded on June 15, keeping the total number of infections in Thailand at 3,135 with 58 deaths.
Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
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The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
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Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
Malaysia’s gross expenditure on R&D (GERD) reached 1.01% of gross domestic product in 2022, a notable increase, with more than 51% contributed by the industry sector. The country is targeting GERD to reach 2.5% by 2030, in line with the national goal of transforming into a high-technology nation.
Thai Deputy Prime Minister Somkid Jatusripitak (Photo: ) 
