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Last year's projects applying for BoI's privileges highest in 50 years in term of value



BANGKOK: -- Over 2,000 investment projects worth 1.4 trillion baht applied for promotional privileges from the Board of Investment in last December alone, said Mrs Hirunya Sujinai, acting secretary-general of the BoI, on Monday.

For the whole year last year, she disclosed that altogether 3,469 investment projects worth 2.1 trillion baht applied for promotional privileges from the BoI which she described as the highest in term of investment value in 50 years.

The number of projects seeking promotional privileges and their value for last year represent an increase of 73 percent and 117 percent respectively compared to a year earlier.

Mrs Hirunya attributed the high number of projects to investors’ desire to invest in Thailand.

Source: http://englishnews.thaipbs.or.th/last-years-projects-applying-bois-privileges-highest-50-years-term-value


-- Thai PBS 2015-01-26

[CelticBhoy]

"Mrs Hirunya attributed the high number of projects to investors’ desire to invest in Thailand."

This woman can collect the "state-the-bl..dy-obvious" award. No flies on her

[Suffinator]

Mrs Hirunya attributed the high number of projects to investors’ desire to invest in Thailand.

And why would that be? Corporations are generally lured by promises of tax breaks etc and many will take advantage of such and then close shop once the grace period expires. As for the small to medium sized businesses it's simply a matter of 'shows us your money, hand over 51% or bugger off.