BOI says most foreign investors still confident in Thailand

 

   

BANGKOK (NNT) - With the COVID-10 pandemic causing significant disruption around the world including in Thailand, the Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

 

The BOI’s latest survey of the confidence of international investors in Thailand was conducted with 600 companies, 96% of which are continuing to make investments in Thailand, followed by 76.67% of companies maintaining the same level of investment, and 19.33% of companies planning to increase their investment value, even amid the COVID-19 pandemic.

 

The BOI’s survey suggests that the most important decision factors encouraging investors to maintain or expand their investments in Thailand are investment promotion packages, materials and parts, and the preparedness of the supporting industries.

 

To help boost investment, the BOI yesterday approved investment promotion packages for the next year, with a focus on large investment projects for targeted industries, and a 50% corporate income tax discount for five years as an extra benefit.

 

The package requires at least a 1 billion baht investment to be made within 12 months after being approved to receive the package. Investors can apply for this package from the first to the last business day of 2021.

 

Applications for investment promotion packages in Special Economic Zones in 10 provinces and southern border provinces have also been extended for another two years, or until the last business day of 2022.

 

These packages cover about 300 business categories, with special eight year corporate income tax exemptions, followed by a 50% discount, offered in 14 targeted industries, including agriculture, fisheries, textiles and garments, leather, and medical equipment.

 

 

-- © Copyright NNT 2020-12-23

 

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Never heard of CoVid 10, as per the headline, if BOI are confident with foreign investment, why have these special promotions, with huge discounts, I know of 2 Companies which will be leaving Thailand and relocating to Vietnam due to the current Government... 

I wonder if these new businesses are factories requiring more devious and fugitive Myanmar migrants !

Razor wire seems a sound investment other than that it's all downhill ???? 

27 minutes ago, Soikhaonoiken said:

Never heard of CoVid 10, as per the headline, if BOI are confident with foreign investment, why have these special promotions, with huge discounts, I know of 2 Companies which will be leaving Thailand and relocating to Vietnam due to the current Government... 

Yeah, bit of a grammar issues like 'are still confident in the country' and as for foreigners still having confident in the Thailand, yes i agree but good does it do if you have confident in a country under the Coivd grip and unable to come here?...

3 words sum it all up and those are "Sure they are".  Go ahead BOI pull my small leg some more.

If 96 out of 100 foreign investors are oh so confident in the country, why oh why are government agencies scrambling to come up with more and more of these hastily conceived promotional schemes? Almost makes it look like they're panicking. Does BOI know more than they do?

 

Anyhow, news articles distributed by NNT (the National-ISTIC News Bureau of Thailand) always have to be digested cautiously because they are clearly nothing else but government propaganda; neither neutral nor impartial nor unbiased.  

3 hours ago, ThailandRyan said:

3 words sum it all up and those are "Sure they are".  Go ahead BOI pull my small leg some more.

BOI- Hiso Fortune Tellers Inc......Payment first..fortunes after check clears.....

5 hours ago, webfact said:

These packages cover about 300 business categories, with special eight year corporate income tax exemptions, followed by a 50% discount, offered in 14 targeted industries, including agriculture, fisheries, textiles and garments, leather, and medical equipment.

Now I understand where the investments coming from.

I am just wondering where did they obtain the confidences? I am a foreigner and I am deeply concern global financial crisis.

57 minutes ago, kevin612 said:

I am just wondering where did they obtain the confidences? I am a foreigner and I am deeply concern global financial crisis.

You have to understand the superstitious far-eastern mindset. It's like a mantra. If you repeat it incessantly, it eventually will come true. "The foreigners will invest... the foreigners will invest... the foreigners will invest... etc. etc. pp.)

the right question is: are the foreign investors still confident in BOI ???

Well, time to lock everything down and implement draconian rule.
That will change the tune of foreign investors.  Not so "clean as a whistle" and "Covid free" as it was advertised.

 

Is there a place where The General Public can research this alleged survey? 

 

May we see the list of the 600 companies? ...and what businesses they are currently engaged in and where?

 

Who writes this fluff? 

 

Professional Banter and rhetoric screenwriters?  Do people really subscribe to this type of reporting?