Firms rush to utilise BoI incentives | Bangkok Post: business

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Firms rush to utilise BoI incentives

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Businesses are flocking to invest in alternative fuels, advanced technology and environmentally friendly industries before the expiry of some investment policies at year-end. 

Industry Ministry Prasert Boonchaisuk said a large number of investment applications have been submitted before the Board of Investment's (BoI) incentives expire at the end of this month. The sectors investing are involved in alternative energies, energy-saving practices, advanced technologies and switching to new machinery with less environmental effects.

BoI incentives set to expire this year include measures to support sustainable investments, tax measures given for flood rehabilitation projects, measures to support listed companies on the Stock Exchange of Thailand (SET) and the Market for Alternative Investment (MAI), and measures to support businesses in the three southernmost provinces.

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