(1888PressRelease)
June 23, 2009 - BOI recently held its regular consultative meeting with Joint Foreign Chambers of Commerce in Thailand (JFCCT) emphasizing its position as a facilitator for foreign investment. The agency planned to launch “One Start One Stop Service Center (OSOS)” to reconfirm Thai government’s intention and effort to better provide services to investors. Over 50 representatives from 26 foreign chambers attended.
Mr. Chanchai Chairungruang, Industry Minister, revealed after having chaired the meeting with JFCCT that the meeting was an opportunity for Ministry of Industry as well as Thailand Board of Investment (BOI) to explain in details of government policies on foreign direct investment.
The meeting reported on progress of the existing investment stimulus measures, including One Start One Stop Service Center (OSOS). The center will be under the supervision of the Prime Minister’s Office with Mr. Korbsak Sabhavasu, Deputy Prime Minister, as its chairman. One-stop services will be provided by officials from investment-related offices stationed at the center.
“To cope with today’s economic downturn, every countries including Thailand has to manage to get through this period with less possible damage. Having members of foreign chambers in a room to share and discuss on investment issues they are facing was considered an important collaboration of which the result can help improve overall investment climate of the country,” said Mr. Chanchai.
He also added that the government gives importance to build always pays attention to investors’ confidence by organizing various investment promotion activities in targets countries. More importantly, BOI is in process of opening its new six oversea offices which is expected to complete by September 2009. The BOI’s oversea offices will enhance the capacity in attracting new investment and serve as effective network covering larger area of target countries.
According to Dr. Atchaka Sibunruang Brimble, Secretary General of BOI, the meeting is not only a platform to demonstrate the efforts on new measures launched to help ease difficulties that business sectors are facing but also a chance to update government working progress that responds to the request made by investors such as issue on information and communication technology which is currently being discussed in details.
Regarding the incentives amendment for logistic industry, investors previously requested the BOI to reconsider the incentives for those projects located outside logistics industrial estate to be equal to those located in the industrial estate. The request has been included in the types of activities eligible for investment promotions to be addressed to the next BOI board meeting at the end of July for considerations.
Moreover, BOI still moves forward with its Thailand Investment Year policy by adding new activities in the measures i.e. any investment in technology improvement for new types of products, manufacture of new automobile models, stock-listing of BOI promoted companies as well as new pricing conditions on BOI housing project which aims at encouraging investment in housing projects in urban area.
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