Since its implementation, the Act has opened several new business sectors to foreign investment, and increased maximum ownership stakes permitted in some sectors above the standard 49 percent limitation. Besides, the government announced investments in several mega infrastructure projects including railway and airport upgrades, high-speed rail, roadways and the Eastern Economic Corridor EEC as part of its efforts to make Thailand one of the most preferred investment destinations in Asia.
The report moved Thailand up to rank 26 from rank 46 inbringing the country among the top three investment destinations in ASEAN. Investment climate Though a moderately-growing economy, Thailand offers abundant resources and a skilled and cost-effective workforce for foreign investors.
The country is one of the leading producers and exporters of rice and also has rubber, sugar, corn, jute, cotton, and tobacco as major crops.
Thailand has a well-defined investment policy framework that encourages liberalization and promotes free trade. These six target industries include agriculture and agro-industry, alternative energy, automotive, electronics, and information communication technology ICTfashion, and value-added services including entertainment, healthcare, and tourism.
The country is an assembly hub for international car brands.
With the recovery in exports, continued robust growth in tourism, and higher public and private investments, there should be a significant upside for the Thai economy, this year. Most of the incentives are the same as existing BOI incentives, except that the new Act also offers an exemption from corporate income tax for up to 15 years and subsidy to a promoted project.
The agricultural sector, comprising mostly of small-scale farms, contributes less than 10 percent of GDP but employs about one-third of the labor force.
The report will be promoted globally to the audience of The International New York Times through a sponsored campaign using geo-targeting and behavioural targeting to reach an influential audience capable of taking significant investment decisions in Asia. Inthe economy grew at the fastest pace in more than four years at 3.
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Some of its major exports include computer hardware, motor vehicles and auto parts, jewelry and electrical circuits.
In terms of investment, the newly approved bill on the development of the EEC is expected to generate a new wave of FDI in the country. Vasundhara Rastogi Thailand is a fairly developed economy with an upper-middle-income status. Crude oil, machinery and parts, and alloy steel and steel products are the top import products.
Fishing is also an important economic activity with farmed shrimp being a major export item.Business news & Financial news from ultimedescente.com Asia; Sectors; Market Indices. Stock Search. DOW: Reuters provides trusted business, financial, national, and international news to.
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Thailand's most updated English news website, thai news, thailand news, Bangkok thailand, aec,newspaper english, breaking news: The Nation Contact Advertise ThaiVisa The Wall Street Journal Asia.
Thailand’s Investment Outlook for ; International surveys such as the World Bank’s Ease of Doing Business report have recently ranked Thailand among the most attractive investment destinations in Southeast Asia.
The report moved Thailand up to rank 26 from rank 46 inbringing the country among the top three investment. Latest news, politics, business and sport from Thailand and Asean, plus features, opinion and multimedia from across Southeast Asia.Download