Monday, September 21, 2020

Prayut urges greater tax incentives to lure investors for new S-curve sectors in EEC

Jun 23. 2020
Prime Minister Prayut Chan-o-cha orders related state agencies to consider offering additional tax incentives to woo investors for the new S-curve sectors.
Prime Minister Prayut Chan-o-cha orders related state agencies to consider offering additional tax incentives to woo investors for the new S-curve sectors.
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By THE NATION

Prime Minister Prayut Chan-o-cha has instructed related state agencies and the Board of Investment (BoI) to consider offering additional tax incentives to attract investment in the five new “S-curve” sectors in the Eastern Economic Corridor, EEC Office secretary-general Kanit Sangsuban said on Monday (June 22).

The five new S-curve industries are medicine, aviation, automation and robotics, digital and bio-technology industries. Most of the initial EEC investment concentrated on S-curve businesses such as auto parts, agriculture and processed food.

An S-curve is derived from S-like shape of a sector’s growth – it is flatter at the beginning and end and steeper in the middle.

According to the BoI, the value of projects applying to invest in EEC during the first five months of this year was Bt32 billion, versus Bt53 billion over the same period last year.

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