Foreign investors’ highest confidence in 5 years

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BANGKOK Aug 10 (TNA) – The Board of Investment has found from its survey that foreign investors’ confidence in Thailand peaked in five years this year as 98.5% of surveyed investors intended to maintain or increase their investment in the country.

BOI secretary-general Duangjai Asawachintachit said BOI surveyed foreign investors from 600 companies this year and found that 65.5% of them would maintain their investment and 33% would expand their investment in Thailand. Only 1.5% of respondents said they would reduce their investment.

Regarding three most common positive factors, 54.7% of respondents mentioned sufficient raw materials and parts, 50.8% cited enough suppliers, and 44.5% referred to tax privileges.

“Supportive industries including enough parts, raw materials and suppliers are the strong point of Thailand. BOI and government agencies have always focused on developing supportive industries. Also, BOI has introduced new tax privileges to respond to changing technologies and business environment,” Miss Duangjai said.

BOI also found that respondents were satisfied with most of its services including promotional privileges, visa and work permit services, online data, investment coordination, easy access to services and quick services.

They also proposed BOI streamline procedures concerning licences, taxation and requests for promotional privileges. (TNA)