BANGKOK, Oct 29 — The government is laying a new economic foundation by adjusting promotional privileges for investors and applying information technology to develop the digital economy, according to Deputy Prime Minister Pridiyathorn Devakula.
Mr Pridiyathorn, who supervises economic affairs, told a seminar on Thailand’s strategies concerning its new economic foundation that the government is preparing many measures to create new investment in Thailand.
He cited measures including incentives to attract transnational companies to set up their headquarters here to facilitate their business in the region.
There will be tax exemptions for resale-oriented imports and extended visa periods for businesspersons. He will propose 15-16 such measures to the cabinet in three weeks.
Mr Pridiyathorn also said that the Board of Investment would channel its promotional privileges increasingly to Thai investment projects overseas rather than to foreign investors arriving in Thailand.
In addition, the government will draft bills to support the digital economy.
He explained that concerns using information technology to support business, trade, education and other areas of work.
A national committee on the digital economy will be formed by year-end and will spend one year laying the foundation of the digital economy for the next government.
Regarding Thai exports which in September less well than earlier expected, Mr Pridiyathorn said that exports had fallen due to the global economy and it did not mean that the Thai economy had any problem.
