Friday, December 13, 2019

Meet pushes for set-up of digital investment agency

Nov 12. 2019
Suphachai, left, and Kalin
Suphachai, left, and Kalin
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By THE NATION

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The government should set up an office dedicated to promoting investment in digital business in Thailand, said Digital Council of Thailand's chairman Suphachai Chearavanont, after a meeting between the council and the Thai Chamber of Commerce and the Board of Trade of Thailand yesterday (November 11).

It could play a similar role as the Eastern Economic Corridor (EEC) office, which coordinates with related parties in hastening the project's development, while the Board of Investment should offer more tax incentives to companies planning to invest in digital business. 

Thailand's neighbouring countries have set up one-stop centre to draw foreign investment in the sector, Suphachai said. 

Moreover, the government should set up a fund worth between US$100 million to US$1 billion in support of digital investment here and to invest in tech startups, following the lead of Singapore and Israel, he added. 

Kalin Sarasin, chairman of the Thai Chamber of Commerce and Board of Trade of Thailand, said the council and the chamber were ready to upgrade Thailand to be the hub of digital innovation in Asean.

He added that the chamber recently introduced the TAG THAI application for booking hotel rooms and airline flights. The app provides an alternative to Thai consumers, apart from those of foreign online travel agencies.

The TAG THAI app was a collaboration of 28 tourism related associations.

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