Editorial staff

On Mar 4,2009, Mr. Aphsit Vejjajiva,Prime Minister,chairman of the Board of Investment (BOI) today announced the resolutions to promote 6 new  industries with the special measures .

Those industries consist of the advanced technology industry,expand to cover production of telecommunication equipments and electronic's parts, the large investment projects expand to cover production of train,electric train or parts of such train (only the rail system),production of steel pipe or rust-free pipe,reinforced concrete products for infrastructure project etc.

For the industry groups that use agricultural products as raw materials and use high technology,expand to cover production of medical food and vehicle's rubber-tyre.

The 6 new industries,under special measures investment promotion,may situate anywhere in thailand,except Bangkok. The privileges include duty-free  to all imported equipments,8 years exemption of corporate income tax and 50% reduction of  the corporate income tax for net profit from investments,up to 5 years,after the corporate income tax exemption period expire.

In addition, the BOI board also approved to extend another 5 years until December 31,2014  of  the investment promotion privilege for the investment in the industrial estate in District 2,the Laem Chabang Industrial estate and Rayong province Industrial estate to encourage investment in economics-crisis period and also the long term investment .

Source - bangkokbiznews.com