Prayut urges greater tax incentives to lure investors for new S-curve sectors in EEC

By THE NATION

 

Prime Minister Prayut Chan-o-cha orders related state agencies to consider offering additional tax incentives to woo investors for the new S-curve sectors.

 

Prime Minister Prayut Chan-o-cha has instructed related state agencies and the Board of Investment (BoI) to consider offering additional tax incentives to attract investment in the five new “S-curve” sectors in the Eastern Economic Corridor, EEC Office secretary-general Kanit Sangsuban said on Monday (June 22).

 

The five new S-curve industries are medicine, aviation, automation and robotics, digital and bio-technology industries. Most of the initial EEC investment concentrated on S-curve businesses such as auto parts, agriculture and processed food.

 

An S-curve is derived from S-like shape of a sector’s growth – it is flatter at the beginning and end and steeper in the middle.

 

According to the BoI, the value of projects applying to invest in EEC during the first five months of this year was Bt32 billion, versus Bt53 billion over the same period last year.

 

Source: https://www.nationthailand.com/business/30390103

 

-- © Copyright The Nation Thailand 2020-06-23

 

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Still do not understand why anyone would invest in the EEC, unless they get an unfair tax advantage than other areas in Thailand.   The Nation never questions anything the junta does anymore.   It is more their mouthpiece now a days..  

 

13 minutes ago, yellowboat said:

Still do not understand why anyone would invest in the EEC, unless they get an unfair tax advantage than other areas in Thailand.   The Nation never questions anything the junta does anymore.   It is more their mouthpiece now a days..  

 

The EEC is part of the military long term plan....it's been an abject failure to date after billions spent there...much of which was plain wasted or nicked.

Prayuth is desperate to get it moving...big tax advantages of course the "lure"

 

7 hours ago, webfact said:

Prayut urges greater tax incentives to lure investors for new S-curve sectors in EEC

to lure is the right wording.

5 hours ago, yellowboat said:

Still do not understand why anyone would invest in the EEC, unless they get an unfair tax advantage than other areas in Thailand.   The Nation never questions anything the junta does anymore.   It is more their mouthpiece now a days..  

 

It's like special economic zones, tax free for a period of time so China can move in and undercut everyone else !

All the Tax Incentives in the World will not attract Investors to the EEC.

Investors need to see a future for their Investments, and that means a stable and secure platform for their business to perform in and to grow.

Failure to put in place correct Infrastucture within the EEC has undermined the confidence of Investors.

They need to see Rail Transport being upgraded, adequate Flood Defences, plentiful water supplies, ecological waste management Etc Etc Etc not just KMs of Concrete roads being laid everywhere.

They need an educated work force-it’s not here