Somkid urges BOI to revise

Economy August 19, 2016 01:00


DEPUTY Prime Minister Somkid Jatusripitak wants the Board of Investment to attract more foreign money, especially from Japan, China, India, South Korea and Singapore, by revising its incentives.

Somkid met yesterday with high-level BOI executives and heads of its 14 overseas offices yesterday.

He said the BOI had to submit its requirements within one month for the additional manpower needed to achieve its objectives.

Meanwhile, Somkid said the Eastern Economic Corridor would play a vital role in drawing investment into Thailand. Hence it is necessary to study the actual needs of foreign investors so they can be better accommodated, he said.

BOI secretary-general Hirunya Suchinai said the agency planned 17 roadshow events from this month to December to attract more foreign investment.

BOI executives will accompany the prime minister or one of his deputies who will lead Thai delegations to meet leading foreign companies in target industries. The BOI hopes to attract about 70 leading foreign companies.

In addition, the BOI’s 14 overseas investment offices plan 31 events to attract foreign investors between this month and December where they will meet and negotiate with at least 93 targeted companies.