BANGKOK, Oct 17 (Reuters) – Thailand’s Board of Investment will speed up investment projects worth 300 billion baht ($9.22 billion) over the next four months, the head of the agency said on Friday, as the government tries to revive a sluggish economy.
The agency will facilitate and ease investment rules to support the 70 projects, which mainly involve data centres, electronics and power generation, the Board’s secretary-general Narit Therdsteerasukdi told reporters.
Sign up here.
The investment push is part of the government’s plans to boost Southeast Asia’s second-largest economy, which has been hit by U.S. tariffs, high household debt and a strong baht .
On Wednesday, the government said it would introduce new incentives to boost domestic travel, the latest in a series of stimulus measures aimed at lifting growth above 2.2% this year.
($1 = 32.55 baht)
Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by David Stanway
Our Standards: The Thomson Reuters Trust Principles.
