Thailand’s BOI rolls out new measures to encourage medical investment – Investment – Thailand Business News

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The Board of Investment of Thailand (BOI) today approved a series of measures to mitigate the impact of the coronavirus or COVID-19 outbreak on business, including steps to encourage rapid investment in the manufacturing of medical equipment.

The board also approved incentives to promote technology-based “smart farming” solutions as well as research and development in a broader range of sectors.

“In face of the unprecedented situation resulting from the virus outbreak, we have taken a range of measures to address the urgent needs of affected business sectors,” Ms Duangjai Asawachintachit, Secretary General of the BOI, said at a press briefing after a board meeting chaired by Prime Minister Gen Prayut Chan-ocha in Bangkok.

“The measures for the medical sector aim to enable a rapid response to the situation, while paving the way for longer-term development.”

Ms Duangjai Asawachintachit, Secretary General of the BOI

To address the increased demand for medical equipment and supplies resulting from the outbreak, the BOI approved amendments to BOI-eligible businesses and enhanced benefits related to the medical sector with a…

Thailand’s BOI rolls out new measures to encourage medical investment – Investment