Thai Cabinet to endorse reform committee

[webfact]

Cabinet to endorse reform committee 

By The Nation

 

BANGKOK: -- The Cabinet is set to endorse the 11-member reform committee following the promulgation of the new national reform law - an action required under the charter.

Deputy Prime Minister Wissanu Krea-ngam will table the list for Cabinet approval on Tuesday. 

 

The committee must be set up within 15 days of the reform law’s promulgation. 

 

The names of the committee members must be immediately released to the public after Cabinet approval is given.

 

The Cabinet will also consider the strategic plan on robotics and parts that has been proposed by the Industry Ministry. 

 

The plan is part of the new national strategic blueprint for the country’s new Thailand 4.0 digital economic model. 

 

It is expected the move will result in investors gaining tax advantages worth tens of billions of baht in 2018, the first year of the plan’s implementation.

 

The Cabinet will also consider the Agriculture Ministry’s report on flood damage and the new rehabilitation budget for farmers affected by the recent floods.

 

Concerned agencies will discuss work initiated under the new water resource management agency, which was recently set up under Article 44 of the interim constitution.

 

Source: http://www.nationmultimedia.com/detail/politics/30323851

 

-- © Copyright The Nation 2017-08-15

[Srikcir]

18 hours ago, webfact said:

It is expected the move will result in investors gaining tax advantages worth tens of billions of baht in 2018,

A tax advantage is worthless if there's a high risk of losing capital. Enterprise risk in Thailand is potentially high now given the political uncertainty and vagarity of the Prayut regime. There's a reason Thailand has lost about 70% of foreign investors and domestic investors are leaving Thailand for business opportunities elsewhere in Asia.