The types of projects to receive funding from the state's Competitiveness Fund were approved on Friday by Prime Minister Prayut Chan-o-cha. Nathporn: Fund a significant tool to attract companiesThe 10-billion-baht Competitiveness Fund was set up as a financial tool of the government to accelerate investment in 10 targeted industries. The fund is expected to start operations in April after getting the nod from the Competitiveness Fund Policy Committee chaired by Gen Prayut. The Competitiveness Fund for Target Industries Act allows the government to offer up to 15 years of corporate tax breaks. He said this fund is similar to strategies in other countries such as Malaysia, which has a 8.5-billion-baht fund for targeted industries, while Singapore has a 70-billion-baht fund.

Source: Bangkok Post April 01, 2017 00:34 UTC