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Prime Minister Prayuth Chan-ocha, on ASEAN cooperation and regional integration: Viewpoint
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Given its location in the centre of ASEAN, which constitutes the immense buying power of more than 600m people, many countries are keeping an eye on Thailand. The country, which is situated in a strategic location for logistics and transport in the ASEAN region, has become a vital industrial centre, and has a manufacturing base with rapid growth in both economic size and regional importance. Thailand…
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Majesty Bhumibol Adulyadej, King of Thailand, on gradual economic development and the concept of sufficiency economy: Viewpoint
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The development of the nation must be carried out in stages, starting with the laying of a foundation by ensuring that the majority of the people have their basic necessities met through the use of economic means and equipment in accordance with theoretical principles. Once a reasonably firm foundation has been laid, higher levels of economic growth and development should be promoted. If we were to…
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Julie Bishop, Australian Minister for Foreign Affairs, on the launch of the Australia-ASEAN Council: Viewpoint
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The South-east Asian region is one of the fastest growing economically in the world. It is a dynamic and exciting area within the Indo-Pacific, a region which straddles the Indian and Pacific Oceans, and which is home to around half the world’s population, about a third of the world’s GDP, and around a third of the world’s total exports. South-east Asia comprises an estimated 620 million people…
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Dmitry Medvedev, Prime Minister of Russia, on Russian-Thai trade relations: Viewpoint
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As is known, our countries have a special relationship. In two years’ time, we will mark the 120th anniversary of the establishment of diplomatic ties. Our economic cooperation has, in effect, never been interrupted. In recent years, trade turnover, despite the crisis and global economic problems, has grown, reaching $4bn in 2014 by our estimate, and $5bn by our Thai partners’ estimate – these…
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Veerathai Santipraphob, Governor, Bank of Thailand, on the resilience of the country’s banking system: Viewpoint
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In line with the trend of regional currencies, the baht’s recent movement has been largely influenced by external factors. Any imminent signals of the US Federal Reserve’s initial interest rate hikes or worse-than-expected data coming out of China would prompt capital outflows from emerging markets, thereby weighing down their currency values. Furthermore, significant outflows could tighten financing…
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Kasem Watanachai, Privy Councillor, on a middle way of living: Viewpoint
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The Sufficiency Economy Philosophy is simple at its core but must be dissected. According to King Bhumibol Adulyadej of Thailand, we have to ensure that we interpret “philosophy” as truth and knowledge. “Sufficiency” is not self-sufficiency, but rather means prudence and a middle way of living, doing business and managing oneself. As for “economy”, historical context is important. The philosophy…
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Chaipatr Srivisarvacha, CEO, KT ZMICO Securities Company, on economic headwinds and opportunities for ASEAN: Viewpoint
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With an uneven economic and financial backdrop, not only for Thailand but also the rest of the world, 2015 was a tough year. The headwinds shaking the Thai stock market as well as economic confidence have included the plunge of oil prices and other commodities; increased geopolitical unrest, particularly in Ukraine and the Middle East; a slowdown of the Chinese economy; disruptive asset price shifts…
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Andrew Jackomos and Paul Ashburn, Senior Partners, BDO Advisory, on tax reforms and incentives affecting investors: Viewpoint
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Several key initiatives have been introduced in the past year to promote the development and growth of Thailand’s economy. Attractive tax incentives are offered to investors that partake in these initiatives and should play a significant role in their success. The current government has also been very active in reviewing proposals for overhauling the current tax legislation as part of a long-term…
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Yuthana Promsin, Partner and Co-founder of Juslaws & Consult, on Thailand’s push to encourage the use of PPPs: Viewpoint
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Anticipating the opportunities and challenges of its economy’s transition into the ASEAN Economic Community, Thailand has overhauled its approach to public-private partnerships (PPP) to encourage both greater participation by government agencies and private investors and PPP development in areas that will lead to the more efficient construction and operation of public facilities important to the…
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Thailand's government incentivises investment in high-tech industries

Posted OBG AdminPosted in Uncategorized

Late in 2015, for the first time since 2000 Thailand’s investment promotion policies underwent sweeping reforms, with the government launching a seven-year investment promotion strategy which significantly alters existing policies. Under amendments to the Investment Promotion Act, foreign investors in Thailand will benefit from a host of new financial incentives and privileges, including tax breaks…