Cabinet OKs measures to stimulate investmentFresh incentives meant to spur private investment of 110 billion baht and add 0.25 percentage points to economic growth sailed through the cabinet on Tuesday. The tax measures apply to new machinery purchased from Jan 1 to Dec 31, 2020. Finance Minister Uttama Savanayana said another batch of investment stimulus measures initiated by the Board of Investment (BoI) will seek board approval on Feb 6. Japanese investment applications totalled 73.1 billion baht, while Hong Kong investors were in third place with a value of 36.3 billion baht. The BoI said total investment applications in 2019 stood at 756 billion baht from 1,624 projects.

Source: Bangkok Post January 28, 2020 23:15 UTC