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World Bank Economic Update
All signs point to prosperity as Thailand and countries across East Asia leave economic upheaval behind. In its nearly 90-page report, titled East Asia and Pacific Economic Update (April 2010), the World Bank gives a glowing assessment of regional performance in emerging from the recent crisis. Read more…
BOI Zones
Projects in Zone 1 shall be granted: 50 per cent reduction of import duty on machinery that is subject to import duty of not less than 10 per cent Corporate income tax exemption for 3 years for projects located within industrial estates or promoted industrial zones, provided that such a project with capital investment of [...]
Incentives for Jewelry
Incentives for Jewelry Promotion of jewelry is according to zones or special industrial estates around Thailand. Projects located inside a promoted gem and jewelry industrial estate or zone one are exempt from import duty on machinery, regardless of zone. If located in Zone 1, corporate income tax exemption is for five years. If located in [...]
A Return to Growth
Thailand’s economic prospects continued to get brighter as the first quarter of 2010 came to a close and the data revealed healthy growth in production and improved consumer confidence. In a statement released by the Ministry of Finance, the forecast for economic growth during the current year was revised upwards to 4.5%, or within a [...]
Thailand Biotechnology
Thailand’s biotechnology industry is coming of age, as government efforts bear fruit, scientists achieve research breakthroughs, and investing entrepreneurs gain profits. No longer a newcomer to the field, the country is today regarded as fertile ground for considerable bio-tech research, investment and production, with achievements positioning Thailand as one of the world’s leading providers of [...]
Thailand’s Industrial Economy and 2010 Outlook
The year 2009 was marked by the turbulence of global recession that proved to be both challenging for Thailand and also a reconfirmation of the nation’s inherent strength. The stellar efforts of the Thai government to respond quickly to the economic crisis succeeded in turning the economy around to positive growth in the last quarter [...]
OSMEP
Small and medium enterprises are the beating heart of Thai business, making up 99.7% of companies operating in the country. The semi-governmental agency that offers them support is known as OSMEP, or the Offce of Small and Medium Sized Enterprises Promotion. It considers everything from small hotels that would do better by using computers for [...]
Chemicals Industry
With a well-developed infrastructure from production to logistics, the trillion-baht chemical industry is one of Thailand’s most vibrant business sectors. The country’s foreign trade in chemicals hit 463 billion baht in 2009, and domestic sales were nearly triple that as makers also play a strong supporting role for other sectors such as food processing, plastics, [...]
Investments Application Surge
Thailand’s investment picture continues to be one of bright prospects and favorable confidence as 2010 builds on impressive reports. Read more…
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