The Thai government is pushing forward a new law designed to boost its domestic gaming industry, offering tax incentives to gaming developers. This legislative move fits into the broader vision of the current administration, aiming to enhance Thailand's "soft power" and stimulate economic growth.

 

Prime Minister Paetongtarn Shinawatra, daughter of former Prime Minister Thaksin Shinawatra, has reiterated the importance of "soft power" for Thailand's economy. She believes that the gaming industry can play a pivotal role in this strategy by attracting investment, creating jobs, and fostering creativity within the country.

 

The proposed new law seeks to provide attractive tax breaks and incentives to both local and international gaming developers who set up operations in Thailand. This initiative is part of a larger effort by the government to position Thailand as a hub for the creative industries in Southeast Asia.

 

Paetongtarn's emphasis on soft power isn't isolated. Former Prime Minister Srettha Thavisin also underscored the significance of developing digital skills among Thai workers. By cultivating these skills, the country aims to support the growth of various creative sectors, including gaming, film, and digital content creation.

The Thai government sees the gaming industry as a promising avenue to drive economic development and cultural influence abroad. By fostering a thriving domestic gaming ecosystem, the administration hopes to not only create economic value but also enhance Thailand's cultural footprint internationally.

 

In addition to tax incentives, the government plans to invest in educational and training programmes to develop the local talent pool. Partnerships with international gaming companies and institutions are also on the table, aimed at sharing knowledge and technology to elevate the industry’s standards.

 

The initiative is received positively within the gaming community in Thailand, with many developers expressing optimism about the potential for growth and international collaboration. However, the success of this initiative will depend on the swift and effective implementation of the proposed law and accompanying support measures.

 

As Thailand gears up to become a regional leader in the gaming industry, the world will be watching closely to see how these policy changes unfold and the impact they have on both the local economy and the broader cultural landscape.

 

File photo courtesy: Techupth

 

-- 2024-09-11
 

 

Get the ASEAN NOW daily NEWSLETTER - Click HERE to subscribe

12 minutes ago, webfact said:

The Thai government is pushing forward a new law designed to boost its domestic gaming industry, offering tax incentives to gaming developers.

Must find out where all these gamers are and open a 711 near there selling energy drinks and unhealthy foods