Facilitations for foreign investment included in Thailand's national reforms

BANGKOK, August 28 (TNA) - Newly-appointed Prime Minister General Prayuth Chan-ocha says that Thailand's national reforms cover further improved facilitations for foreign investors. General Prayuth, who is also Army and National Council for Peace and Order (NCPO) Chief, told journalists of the information on Thursday, promising that bureaucratic red tape will be cut and promotional privileges granted by the Board of Investment of Thailand (BOI) to foreign investors will be revamped. The new Thai prime minister made the remarks after his meeting with a Japanese delegation, led by Shigenobu Nagamori, Chief Executive Officer (CEO) and founder of Nidec Corporation, at the Royal Thai Army headquarters in Bangkok. According to the new Thai leader, he also informed the Japanese delegation that his administration will promote investment outside economic zones as well, namely border and rural areas to increase income of people in the areas. The prime minister acknowledged that the Japanese company expects smooth investment in Thailand and is ready to support research, development and progress in the country. Nidec Corporation is a Japanese major producer of electronic parts with its large base of production in Thailand, comprising nine subsidiaries with their total investment of more than 30 billion baht and over 20,000 employees. (TNA)