BoI eyes Bt1.5 tn in actual investments
The board of investment is conservatively forecasting that the total value of actual investments under its tax-incentive support will reach at least Bt1 trillion during the three years to 2019, but secretary-general Hirunya Suchinai said on May 9 that the board was confident of hitting Bt1.5 trillion. Actual investment in projects under BOI support since 2014 as of the first quarter of this year amounted to more than Bt1.7 trillion. Actual investment from 2016 to the first quarter this year was more than Bt570 billion. Hirunya said the projects approved by the BOI last year were expected to add more than 140,000 jobs and also result in the use of local raw materials worth Bt700 billion per year. The projects used an estimated 1.3 million tonnes of domestic rubber last year, accounting for 30 per cent of the country’s total rubber production.
