Industry wants govt to lift barriers for doing business in Thailand
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) will ask new Finance Minister Predee Daochai to lower barriers to doing business in Thailand, said Supant Mongkolsuthree, chairman of the Federation of Thai Industries.
The JSCCIB wants the government to set up a public-private committee to boost ease of doing business. It will also ask the minister to revise arcane rules deemed to be obstacles to doing business in Thailand, he added.
The moves would boost Thailand’s World Bank ranking for ease of doing business from its current 21st
place, Supant said.
The joint standing committee will also ask the government to extend the relief measures beyond their original end dates to mitigate impacts of the Covid-19 outbreak, he said.
He said the government should also boost the property market by reducing mortgage fees and transfer fees for residences worth up to Bt50 million. This would increase demand for upscale real estate asset, which would help lift the economy, he added.
